UBER · Uber Technologies, Inc
10-Q filed 2026-08-05 period 2026-06-30
78 Stable
confidence high · source filing on SEC.gov ↗
- UK business model changes implemented on January 2, 2026, reduced Q2 2026 revenue by $1.1 billion as driver payments are now recorded as a reduction of revenue rather than cost of revenue.
- Uber entered into an agreement on March 28, 2026, to acquire global chauffeur service provider Blacklane GmbH for approximately $550 million in cash.
- Strong cash generation with six-month operating cash flow of $5.2 billion and free cash flow of $5.1 billion, driven by low capital expenditure intensity of $135 million.
vs. prior filing (10-Q filed 2026-05-06) — ⚠ ALERT
FHS 82 → 78 (-4) · Strong -> Stable
Profitability +0Balance sheet -8Cash generation -2Risk flags -5Mgmt signal -5
Filing Health Score pillars
Profitability 25%
85
Revenue grew 12% YoY to $14.2 billion for the three months ended June 30, 2026, while operating income grew 30% to $1.89 billion, demonstrating strong operating leverage despite revenue headwinds from UK business model changes (MD&A - Financial and Operational Highlights).
Balance sheet 20%
70
Unrestricted cash and short-term investments of $5.4 billion are lower than total debt of $12.7 billion, and the current ratio is 0.84, but interest coverage is strong at 14.9x and share count decreased due to $3.5 billion in repurchases (Condensed Consolidated Balance Sheets).
Cash generation 20%
90
Operating cash flow of $5.2 billion for the first six months of 2026 significantly exceeded net income of $2.7 billion, and free cash flow reached $5.1 billion with very low capital expenditure intensity of 0.5% of revenue (Condensed Consolidated Statements of Cash Flows).
Risk flags 20%
65
While there are no going-concern or restatement issues, the company faces severe ongoing global regulatory and litigation risks regarding driver classification, including upcoming Supreme Court hearings in Brazil and legislative changes in Mexico (Part II, Item 1A - Risk Factors).
Mgmt signal 15%
80
Management signals strong operational momentum with 18% trip growth and segment expansion, including the pending $550 million acquisition of Blacklane, despite revenue headwinds from UK business model changes (MD&A - Overview / Highlights).
Key metrics (Three and Six Months Ended June 30, 2026)
period: Three and Six Months Ended June 30, 2026
total debt: $12,723 million (As of June 30, 2026)
cash and equivalents: $4,870 million (As of June 30, 2026)
shares outstanding: 2,039,994 thousand (As of June 30, 2026)
revenue: $14,191 million (Three Months Ended June 30, 2026)
net income: $2,394 million (Three Months Ended June 30, 2026)
operating cash flow: $5,213 million (Six Months Ended June 30, 2026)
Gemma triage notes (pre-analysis, second opinion)
None for this filing.Automated research summaries derived from SEC filings. Not investment advice.