LYFT Research and Development Expenses

Research and Development Expenses of LYFT (Annual & Quarterly) 2017-2019.

Amounts are in $ millions.

lyft data and stats
2017R&D Costs ($mn)
Q1$23.5
Q2$28.2
Q3$37.2
Q4$47.7
Total$136.6

 In 2017, total R&D expenses of Lyft amounted to $136.6 million.

2018R&D Costs ($mn)
Q1$63.1
Q2$64.4
Q3$77.2
Q4$96.1
Total$300.8

In fiscal 2018, the research and development expenses of LYFT grew to $300.8 millions as compared to $136.6 million in the previous fiscal. 

2019R&D Expenses ($mn)
Q1$631
Q2$309.8
Q3$288.3
Q4 
Total 

During the third quarter of fiscal 2019, research and development expenses of LYFT were $288.3 million compared to $77.2 million during the same period last year.

Lyft was founded in 2012 and has more than 30 million riders as well as 2 million drivers. The company has its headquarters in San Francisco, California, United States. It has operations in the US as well as Canada. Number of employees working full time for Lyft grew to 5,103 as of June 30, 2019.