Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Uber Technologies Inc., adjustment to net income (loss) attributable to Uber Technologies, Inc.

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to Uber Technologies, Inc. (as reported) 9,856 1,887 (9,141) (496) (6,768)
Add: Change in unrealized gain (loss) on investments in available-for-sale debt securities (1) 5 — (46) 2
Net income (loss) attributable to Uber Technologies, Inc. (adjusted) 9,855 1,892 (9,141) (542) (6,766)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Uber Technologies Inc., adjusted profitability ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net Profit Margin
Reported net profit margin 22.41% 5.06% -28.68% -2.84% -60.76%
Adjusted net profit margin 22.41% 5.07% -28.68% -3.11% -60.74%
Return on Equity (ROE)
Reported ROE 45.72% 16.77% -124.54% -3.43% -55.18%
Adjusted ROE 45.71% 16.82% -124.54% -3.75% -55.16%
Return on Assets (ROA)
Reported ROA 19.23% 4.88% -28.47% -1.28% -20.35%
Adjusted ROA 19.23% 4.89% -28.47% -1.40% -20.35%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Uber Technologies Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Uber Technologies Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Uber Technologies Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Uber Technologies Inc., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Revenue 43,978 37,281 31,877 17,455 11,139
Profitability Ratio
Net profit margin1 22.41% 5.06% -28.68% -2.84% -60.76%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Uber Technologies, Inc. 9,855 1,892 (9,141) (542) (6,766)
Revenue 43,978 37,281 31,877 17,455 11,139
Profitability Ratio
Adjusted net profit margin2 22.41% 5.07% -28.68% -3.11% -60.74%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 Net profit margin = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Revenue
= 100 × 9,856 ÷ 43,978 = 22.41%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to Uber Technologies, Inc. ÷ Revenue
= 100 × 9,855 ÷ 43,978 = 22.41%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Uber Technologies Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Total Uber Technologies, Inc. stockholders’ equity 21,558 11,249 7,340 14,458 12,266
Profitability Ratio
ROE1 45.72% 16.77% -124.54% -3.43% -55.18%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Uber Technologies, Inc. 9,855 1,892 (9,141) (542) (6,766)
Total Uber Technologies, Inc. stockholders’ equity 21,558 11,249 7,340 14,458 12,266
Profitability Ratio
Adjusted ROE2 45.71% 16.82% -124.54% -3.75% -55.16%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROE = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × 9,856 ÷ 21,558 = 45.72%

2 Adjusted ROE = 100 × Adjusted net income (loss) attributable to Uber Technologies, Inc. ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × 9,855 ÷ 21,558 = 45.71%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Uber Technologies Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Total assets 51,244 38,699 32,109 38,774 33,252
Profitability Ratio
ROA1 19.23% 4.88% -28.47% -1.28% -20.35%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to Uber Technologies, Inc. 9,855 1,892 (9,141) (542) (6,766)
Total assets 51,244 38,699 32,109 38,774 33,252
Profitability Ratio
Adjusted ROA2 19.23% 4.89% -28.47% -1.40% -20.35%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROA = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total assets
= 100 × 9,856 ÷ 51,244 = 19.23%

2 Adjusted ROA = 100 × Adjusted net income (loss) attributable to Uber Technologies, Inc. ÷ Total assets
= 100 × 9,855 ÷ 51,244 = 19.23%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Uber Technologies Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.