UBERUber Technologies, Inc
Services-Business Services, NEC
- Revenue
- $52.0B
- 18% YoY
- Operating margin
- 10.7%
- 68% YoY
- EBITDA
- $6.3B
- 79% YoY
- Market cap
- $133.1B
- Employees
- 34,000
- $2M revenue each
- Net debt / EBITDA
- 1.2×
- $7.9B net debt
- AI in 10-K
- 2.8
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 2 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$24M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo100% of net incomeCash flow under 80% of net income
- Dilutive SBCNo4% of revenueOver 10% of revenue
- Payouts exceed cash flowNo65% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo14% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$2M · 88th pctBottom quartile of its SIC industry
- Quiet on AINo2.8 per 10K words · 67th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.2× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$133.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$31M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B | 18% |
| Operating income | −$3.8B | −$1.8B | $1.1B | $2.8B | $5.6B | 99% |
| Net income | −$496M | −$9.1B | $1.9B | $9.9B | $10.1B | 2.0% |
| Operating cash flow | −$445M | $642M | $3.6B | $7.1B | $10.1B | 42% |
| Capex | $298M | $252M | $223M | $242M | $336M | 39% |
| Stock-based comp | $1.2B | $1.8B | $1.9B | $1.8B | $1.8B | 1.7% |
| Buybacks | — | $0 | $0 | $1.3B | $6.5B | 421% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $37M · 6
- Open-market sells, 12 mo
- $6M · 6
- Net
- $31M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $36M | $67M | 160 | 258 |
| FY2024 | $39M | $74M | 118 | 208 |
| FY2023 | $24M | $110M | 121 | 152 |
| FY2022 | $24M | −$9M | 48 | 97 |
| FY2021 | $20M | $4M | 82 | 135 |