After Earnings and Burning Cash, Is Lyft in Trouble?

By Jason Hall and Travis Hoium – Nov 15, 2022 at 5:10AM

NASDAQ: LYFT

Lyft

Market Cap

$7B

Today's Change

(-1.65%) -$0.27

Current Price

$16.07

Price as of April 25, 2024, 4:00 p.m. ET

Lyft just reported its biggest quarter ever, and management is optimistic. But a weakening balance sheet and continued cash burn paint a different picture.

Rideshare company Lyft (LYFT -1.65%) just reported its biggest revenue quarter ever, and management said they "feel very well positioned for the road ahead." However, the company's balance sheet continues to deteriorate, and unlike competitors like Uber (UBER -0.07%) with its food delivery business, Lyft remains a pure play on ride sharing. Is the company in trouble? In this video, Motley Fool contributors Jason Hall and Travis Hoium take a closer look.

*Stock prices used were the after-hours prices of Nov. 8, 2022. The video was published on Nov. 14, 2022.

Jason Hall has no position in any of the stocks mentioned. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.