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Uber Technologies Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $141.4B | |
|---|---|---|
| P/E (forward) | 15.9x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $17.46B | $31.88B | $37.28B | $43.98B | $52.02B | +31.4% |
| Gross profit | $8.10B | $12.22B | $14.82B | $17.33B | $20.68B | +26.4% |
| Operating income | $-3.83B | $-1.83B | $1.11B | $2.80B | $5.57B | — |
| Net income | $-496.0M | $-9.14B | $1.89B | $9.86B | $10.05B | — |
| EPS (diluted) | $-0.29 | $-4.65 | $0.87 | $4.56 | $4.73 | — |
| EBITDA | $360.0M | $-7.91B | $3.78B | $5.39B | $6.99B | +109.9% |
| R&D | $2.05B | $2.80B | $3.16B | $3.11B | $3.40B | +13.4% |
| SG&A | $7.11B | $3.14B | $2.68B | $3.64B | $3.24B | -17.8% |
Recent company headlines from major financial publishers.
The Base case represents the modal expected path under our house forecast schedule. Consolidated revenue grows from FY2025 through FY2026 and reaches further scale in FY2027, with multi-year revenue expansion continuing as Mobility and Delivery volumes compound. Operating margins expand steadily from FY2025 through FY2026 and FY2027 toward FY2030 as platform operating leverage offsets regional regulatory headwinds. Free cash flow compounds steadily from FY2026 through FY2027 toward FY2030, supporting sustained share repurchases and balance sheet strength.
Under the Bull scenario, autonomous vehicle partnerships scale rapidly with OEM partners deploying vehicle commitments across numerous global metropolitan areas ahead of schedule, funded by third-party sponsors without capital expenditure burden. High-margin digital advertising attach on Mobility and Delivery accelerates, lifting operating margins toward peak platform potential. Consolidated revenue sustains rapid expansion, and active share repurchases retire float annually, driving substantial per-share cash flow compounding.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 9.0% | $83.2 | $84.4 | $85.8 | $87.3 | $88.9 |
| 9.5% | $80.0 | $81.0 | $82.1 | $83.3 | $84.7 |
| 10.0% | $77.2 | $78.1 | $79.0 | $80.0 | $81.1 |
| 10.5% | $74.7 | $75.5 | $76.3 | $77.1 | $78.0 |
| 11.0% | $72.5 | $73.2 | $73.9 | $74.6 | $75.4 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
