Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Accounts payable 2.08 1.99 1.64 1.77 1.83 1.65 1.67 1.70 1.81 2.10 2.04 2.22 2.04 2.19 2.27 2.49 2.61 2.63 2.22 0.84 1.18 0.67
Short-term insurance reserves 5.71 5.79 5.48 5.16 5.55 5.44 5.37 5.35 5.75 5.26 5.21 5.07 5.08 5.11 5.27 4.61 4.67 4.31 3.72 3.74 3.37 3.51
Operating lease liabilities, current 0.27 0.33 0.27 0.26 0.31 0.34 0.34 0.38 0.48 0.46 0.49 0.48 0.53 0.59 0.63 0.61 0.69 0.64 0.48 0.46 0.49 0.49
Short-term debt 3.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued and other current liabilities 11.51 11.93 12.54 13.53 14.97 15.50 15.00 15.56 16.82 17.41 16.69 18.38 17.71 18.86 19.41 21.29 20.86 18.79 16.86 17.00 16.16 16.36
Current liabilities 22.60% 20.03% 19.93% 20.71% 22.66% 22.93% 22.39% 23.00% 24.85% 25.24% 24.43% 26.16% 25.35% 26.76% 27.57% 28.99% 28.84% 26.37% 23.27% 22.03% 21.20% 21.03%
Long-term insurance reserves 14.48 15.76 14.69 13.59 14.62 14.39 13.74 14.06 13.81 13.50 12.20 12.06 11.54 10.51 9.43 9.76 9.24 8.26 6.57 6.99 6.26 6.42
Long-term debt, net of current portion 16.30 17.56 17.02 16.76 17.11 15.81 16.29 23.32 22.77 23.88 24.44 25.74 27.17 28.53 28.85 29.79 29.89 28.26 23.92 25.16 21.51 22.51
Operating lease liabilities, non-current 2.78 2.86 2.25 2.23 2.57 2.74 2.84 3.18 3.59 3.84 4.01 4.35 4.69 5.02 5.21 5.23 5.52 5.12 4.24 4.03 4.17 4.42
Other non-current liabilities 0.68 0.70 0.67 0.68 0.83 0.77 0.88 1.35 1.77 1.98 2.15 2.42 2.41 2.46 2.45 2.45 2.12 2.07 2.41 3.06 3.43 5.02
Non-current liabilities 34.24% 36.87% 34.63% 33.26% 35.13% 33.71% 33.74% 41.90% 41.94% 43.20% 42.80% 44.58% 45.81% 46.52% 45.94% 47.22% 46.77% 43.71% 37.14% 39.24% 35.37% 38.37%
Total liabilities 56.84% 56.90% 54.56% 53.97% 57.79% 56.64% 56.14% 64.90% 66.80% 68.44% 67.23% 70.74% 71.15% 73.28% 73.52% 76.21% 75.61% 70.08% 60.41% 61.27% 56.57% 59.40%
Redeemable non-controlling interests 0.27 0.29 0.27 0.25 0.33 0.18 0.18 2.01 1.52 1.64 1.69 1.10 1.20 1.29 1.34 1.38 0.63 0.62 0.53 0.62 4.33 1.36
Common stock, $0.00001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 54.25 59.33 61.65 62.36 72.57 78.39 83.52 90.89 103.73 107.94 109.21 117.24 122.22 126.44 126.29 128.63 127.44 118.79 99.57 101.08 98.17 104.41
Accumulated other comprehensive income (loss) -0.66 -0.70 -0.70 -0.68 -0.78 -0.92 -1.01 -0.90 -1.15 -1.10 -1.09 -1.34 -1.30 -1.84 -1.38 -1.32 -2.27 -1.54 -1.35 3.17 1.88 1.89
Accumulated deficit -12.08 -17.29 -17.20 -17.26 -31.42 -35.87 -40.45 -58.62 -72.83 -78.91 -79.06 -89.87 -95.49 -101.46 -102.05 -107.24 -103.69 -90.08 -60.93 -66.47 -60.95 -67.06
Total Uber Technologies, Inc. stockholders’ equity 41.51% 41.33% 43.75% 44.41% 40.37% 41.60% 42.07% 31.37% 29.75% 27.92% 29.07% 26.03% 25.43% 23.14% 22.86% 20.08% 21.48% 27.17% 37.29% 37.77% 39.10% 39.24%
Non-redeemable non-controlling interests 1.37 1.49 1.42 1.36 1.52 1.58 1.61 1.73 1.93 1.99 2.01 2.13 2.22 2.30 2.29 2.32 2.28 2.12 1.77 0.34 0.00 0.00
Total equity 42.89% 42.82% 45.17% 45.78% 41.88% 43.19% 43.68% 33.09% 31.68% 29.92% 31.08% 28.16% 27.65% 25.43% 25.15% 22.40% 23.76% 29.30% 39.06% 38.11% 39.10% 39.24%
Total liabilities, redeemable non-controlling interests and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The capital structure exhibits a significant transition from a high-leverage, deficit-heavy position to a more balanced and equity-supported financial profile. Total liabilities peaked in late 2022 at approximately 76.21% of total funding before trending downward to 56.84% by mid-2026. Conversely, total equity, which reached a nadir of 22.40% in September 2022, recovered steadily to end the period at 42.89%, signaling a strengthened solvency position.

Liability Composition and Debt Management
A marked reduction in long-term debt is observed, falling from a peak of 29.89% in June 2022 to 16.30% by June 2026. This suggests a strategic deleveraging effort or the repayment of long-term obligations. Current liabilities remained relatively stable, fluctuating between 20% and 29%, though a general decline in accrued and other current liabilities is evident, dropping from 16.36% in March 2021 to 11.51% in June 2026.
Insurance Reserve Trends
There is a consistent upward trend in insurance reserves, which now constitute a larger portion of the balance sheet. Short-term insurance reserves increased from 3.51% to 5.71%, while long-term insurance reserves saw a substantial rise from 6.42% in March 2021 to 14.48% in June 2026. This indicates an increasing allocation of capital toward managing long-term insurance obligations.
Equity and Retained Earnings Evolution
The most significant improvement is seen in the accumulated deficit, which contracted from a peak of -107.24% in September 2022 to -12.08% by June 2026. This dramatic reduction indicates a shift toward sustained profitability. This recovery in equity is partially offset by a decrease in additional paid-in capital, which declined from 104.41% in March 2021 to 54.25% in June 2026, reflecting a change in the weight of contributed capital relative to earned capital.
Lease Obligations
Both current and non-current operating lease liabilities demonstrate a downward trend. Non-current lease liabilities decreased from 4.42% in March 2021 to 2.78% in June 2026, while current lease liabilities fell from 0.49% to 0.27% over the same period, suggesting a reduction in the relative scale of leased assets.

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