Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Uber Technologies Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Accounts payable 1.64 1.67 2.04 2.27 2.22
Short-term insurance reserves 5.48 5.37 5.21 5.27 3.72
Operating lease liabilities, current 0.27 0.34 0.49 0.63 0.48
Accrued legal, regulatory and non-income taxes 3.32 2.99 2.70 4.90 5.64
Accrued Drivers and Merchants liability 2.63 2.77 5.16 4.96 3.06
Accrued compensation and employee benefits 1.26 1.27 1.83 1.83 1.14
Income and other tax liabilities 1.67 1.47 1.77 1.48 0.97
Commitment to issue unsecured convertible notes in connection with Careem acquisition 0.00 0.00 0.33 0.47 0.61
Current portion of long-term debt 0.00 2.24 0.06 0.08 0.07
Finance leases liabilities, current 0.22 0.27 0.40 0.36 0.49
Other 3.44 4.00 4.43 5.32 4.87
Accrued and other current liabilities 12.54% 15.00% 16.69% 19.41% 16.86%
Current liabilities 19.93% 22.39% 24.43% 27.57% 23.27%
Long-term insurance reserves 14.69 13.74 12.20 9.43 6.57
Long-term debt, net of current portion 17.02 16.29 24.44 28.85 23.92
Operating lease liabilities, non-current 2.25 2.84 4.01 5.21 4.24
Deferred tax liabilities 0.05 0.02 0.14 0.08 0.94
Finance leases liabilities, non-current 0.14 0.34 0.83 0.88 0.11
Other 0.48 0.52 1.17 1.48 1.36
Other long-term liabilities 0.67% 0.88% 2.15% 2.45% 2.41%
Non-current liabilities 34.63% 33.74% 42.80% 45.94% 37.14%
Total liabilities 54.56% 56.14% 67.23% 73.52% 60.41%
Redeemable non-controlling interests 0.27 0.18 1.69 1.34 0.53
Common stock, $0.00001 par value 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 61.65 83.52 109.21 126.29 99.57
Accumulated other comprehensive loss -0.70 -1.01 -1.09 -1.38 -1.35
Accumulated deficit -17.20 -40.45 -79.06 -102.05 -60.93
Total Uber Technologies, Inc. stockholders’ equity 43.75% 42.07% 29.07% 22.86% 37.29%
Non-redeemable non-controlling interests 1.42 1.61 2.01 2.29 1.77
Total equity 45.17% 43.68% 31.08% 25.15% 39.06%
Total liabilities, redeemable non-controlling interests and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-31), 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).

The composition of liabilities and stockholders’ equity exhibited notable shifts between 2021 and 2025. Overall, the proportion of total liabilities decreased from 60.41% to 54.56%, while stockholders’ equity increased from 39.06% to 45.17% of the total.

Current Liabilities
Current liabilities as a percentage of the total decreased consistently over the period, moving from 23.27% in 2021 to 19.93% in 2025. This decline was driven by reductions in accrued and other current liabilities, which fell from 16.86% to 12.54%, and a decrease in accrued legal, regulatory and non-income taxes from 5.64% to 3.32%. However, the current portion of long-term debt increased significantly in 2024 to 2.24% before becoming unavailable in 2025.
Non-Current Liabilities
Non-current liabilities initially increased from 37.14% in 2021 to a peak of 45.94% in 2022, before decreasing to 34.63% in 2025. Long-term insurance reserves demonstrated a consistent increase, rising from 6.57% to 14.69% over the five-year period. Long-term debt, net of current portion, also increased initially, peaking at 28.85% in 2022, then decreased to 17.02% in 2025. Deferred tax liabilities decreased substantially, falling from 0.94% to 0.05%.
Stockholders’ Equity Components
Additional paid-in capital experienced a substantial decrease, moving from 99.57% in 2021 to 61.65% in 2025. This decrease coincided with a significant reduction in accumulated deficit, which improved from -60.93% to -17.20%. Accumulated other comprehensive loss remained relatively stable, fluctuating between -1.35% and -0.70%. Redeemable non-controlling interests showed a slight increase, from 0.53% to 0.27%.
Specific Liability Accounts
Short-term insurance reserves increased from 3.72% to 5.48%, indicating a growing obligation in this area. Accrued Drivers and Merchants liability also increased initially, peaking at 5.16% in 2023, before decreasing to 2.63% in 2025. The commitment to issue unsecured convertible notes in connection with the Careem acquisition decreased steadily from 0.61% to 0.33% and was not reported after 2023.

In summary, the company demonstrated a shift towards greater reliance on equity financing, with a decreasing proportion of total liabilities and an increasing proportion of stockholders’ equity. Changes within these categories suggest a dynamic liability management strategy and improvements in profitability, reflected in the reduced accumulated deficit.

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