Uber Technologies Inc. (NYSE:UBER)

The financial data reveals several notable trends regarding the composition of liabilities and equity over the examined periods.

Current Liabilities

The proportion of current liabilities increased from around 22% in early 2020 to a peak exceeding 28% in mid-2022, indicating a rising short-term obligation burden during this timeframe. Subsequently, this proportion gradually declined to approximately 20.7% by the end of 2025, suggesting a reduction in near-term liabilities relative to total funding sources. Within current liabilities, accrued and other current liabilities followed a similar pattern of increase through 2022, peaking around 21.3%, and then diminishing steadily to 13.5% by late 2025. Accounts payable showed an initial low percentage, reached a peak above 2.6% in early 2022, and slightly decreased to about 1.8% by the last recorded period.

Non-Current Liabilities

Non-current liabilities represented a substantial portion of total liabilities and equity, fluctuating between 33% and nearly 47%. The percentage rose steadily from below 38% in 2020 to a high near 47% in late 2022, indicating increasing long-term obligations. Afterward, the share declined notably to just above 33% by late 2025. Long-term debt, net of current portion, showed a similar trend, increasing from around 19% at the start of the period to a peak near 30% in 2022, followed by a steady reduction to about 16.8%. Operating lease liabilities, both current and non-current, demonstrated a decreasing trend over time, with non-current lease liabilities declining from approximately 5% to just above 2% by the end of 2025. Other long-term liabilities relatively decreased as well, falling from nearly 5% in early 2020 to below 1% by the last periods.

Insurance Reserves

Short-term insurance reserves showed a progressive increase from roughly 3.6% to peaks around 5.7% before stabilizing near 5.2–5.5%. Long-term insurance reserves also grew steadily from about 8% to a peak exceeding 14% in early 2025, signifying growing reserved liabilities related to insurance over both short and long time horizons.

Equity and Related Components

Total equity experienced a decrease from nearly 40% in early 2020 to a trough near 22% during 2022, reflecting a significant reduction in the equity base relative to liabilities. After 2022, equity gradually recovered, rising to approximately 46% by late 2025. The accumulated deficit exhibited a marked improvement, decreasing in magnitude from about -90% in early 2022 to roughly -17% by the end of 2025, indicating reduced accumulated losses. Additional paid-in capital initially rose before beginning a consistent decline from a peak over 128% in 2022 down to about 62% by late 2025. Accumulated other comprehensive loss remained relatively stable with minor fluctuations in the range of approximately -0.7% to -2.3% throughout the periods. The share of non-redeemable non-controlling interests declined modestly over time from around 2.3% to about 1.4%.

Redeemable Non-Controlling Interests

This component demonstrated variable behavior with occasional peaks, such as above 4% in mid-2021, but generally remained below 2%, exhibiting fluctuations without a clear long-term direction.

Overall, the data indicates that the company experienced a shift in capital structure with increasing liabilities until roughly 2022, followed by a deleveraging trend through 2025. Equity levels initially compressed but subsequently improved due to reduced deficits and other favorable changes. The decline in both current and long-term lease liabilities suggests alterations in leasing arrangements or liabilities classification over time. Growth in insurance reserves denotes an increasing focus on covering related risks and potential claims. The trends reveal a dynamic balance between funding sources, with a movement towards strengthening equity and reducing certain liabilities after periods of accumulation.