LYFT Research and Development Expenses

Research and Development Expenses of LYFT (Annual & Quarterly) 2017-2021.

Amounts are in $ millions.

Lyft Annual R&D expenses in millions 2017-21
Lyft Annual R&D expenses in millions 2017-21.

 

2021R&D expenses (millions)
Q1$238.22
Q2$252.04
Q3$226.7
Q4$195
Total$911.95

In 2021, the research and development expenses of Lyft Inc were $911.95 million compared to $909.13 million in 2020.

Lyft places a heavy focus on research and development to continue growing its business operations and revenues. In 2020, its research and development expenses fell compared to the previous year, mainly as a result of the impact of the Covid-19 pandemic.

 

Year/QuarterR&D Expenses (million)
2020 Q1$258.74
2020 Q2$203.1
2020 Q3$232.1
2020 Q4$215.2
Total

$909.13

In 2020, Lyft spent $909 million on research and development compared to $1.5 billion in the previous year. Its research and development expenses remained lower for each quarter in 2020 compared to the previous year.

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$276.6
Total $1505.6

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. The number of employees working full time for Lyft grew to 5,103 as of June 30, 2019.