Added to YB: 2026-07-27
Pitch date: 2026-07-23
LYFT [bearish]
Lyft, Inc.
Author Info
Bleecker Street Research is an activist short-seller exposing overvalued stocks. Sign up for the newsletter.
Company Info
Lyft, Inc. operates multimodal transportation networks that offer access to various transportation options through platform and mobile based applications in the United States and internationally.
Market Cap
$5.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
121.04
P/E
1.99
EV/Sales
0.75
Sector
Ground Transportation
Category
special_situation
Lyft: Massive Liabilities, Limited Capacity to Pay Them, and a Deteriorating Business Outlook
LYFT (short): Undisclosed $1.3-2.7B sexual-assault MDL/JCCP liability (6,000+ prospective cases) vs only $533M accruals, $1.7B cash — likely dilutive raise. Insurers exclude coverage. Structural 2nd place (24% share) losing SF to Waymo; acquired growth masks ~9-10% organic; Waymo deal a lopsided logistics contract, not platform. 2027 targets at risk.
Read full article (24 min)