Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Accounts payable
Short-term insurance reserves
Operating lease liabilities, current
Accrued legal, regulatory and non-income taxes
Accrued Drivers and Merchants liability
Accrued compensation and employee benefits
Income and other tax liabilities
Commitment to issue unsecured convertible notes in connection with Careem acquisition
Current portion of long-term debt
Finance leases liabilities, current
Other
Accrued and other current liabilities
Current liabilities
Long-term insurance reserves
Long-term debt, net of current portion
Operating lease liabilities, non-current
Deferred tax liabilities
Finance leases liabilities, non-current
Other
Other long-term liabilities
Non-current liabilities
Total liabilities
Redeemable non-controlling interests
Common stock, $0.00001 par value
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total Uber Technologies, Inc. stockholders’ equity
Non-redeemable non-controlling interests
Total equity
Total liabilities, redeemable non-controlling interests and equity

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).

Overall, the company’s liabilities and stockholders’ equity demonstrate a significant increase from 2021 to 2025. Total liabilities increased substantially, while stockholders’ equity experienced volatility, with a notable recovery in later years. A closer examination of individual liability and equity components reveals specific trends driving these changes.

Current Liabilities
Current liabilities generally increased over the period, rising from US$9,024 million in 2021 to US$12,320 million in 2025. Accrued and other current liabilities consistently represent the largest portion of this total, fluctuating between approximately US$6,232 million and US$7,751 million. Accrued legal, regulatory, and non-income taxes exhibited considerable fluctuation, decreasing from US$2,187 million in 2021 to US$1,044 million in 2023 before increasing to US$2,052 million in 2025. A significant increase in the current portion of long-term debt is observed between 2023 and 2024, jumping from US$25 million to US$1,150 million, before remaining undefined in 2025.
Non-Current Liabilities
Non-current liabilities also increased over the five-year period, growing from US$14,401 million in 2021 to US$21,399 million in 2025. Long-term insurance reserves experienced substantial growth, more than tripling from US$2,546 million to US$9,076 million. Long-term debt, net of current portion, remained relatively stable between US$9,265 million and US$9,459 million from 2022 to 2024, then increased to US$10,521 million in 2025. Deferred tax liabilities decreased significantly, falling from US$365 million in 2021 to US$31 million in 2025.
Stockholders’ Equity
Total stockholders’ equity experienced significant fluctuations. It decreased from US$14,458 million in 2021 to a low of US$7,340 million in 2022, then recovered to US$27,041 million in 2025. Accumulated deficit was a major driver of these changes, decreasing from a negative US$23,626 million in 2021 to a negative US$10,628 million in 2025, indicating improving profitability or reduced losses. Additional paid-in capital decreased from US$42,801 million in 2024 to US$38,101 million in 2025. Redeemable non-controlling interests also fluctuated, peaking at US$654 million in 2023 and decreasing to US$165 million in 2025.
Total Liabilities, Redeemable Non-Controlling Interests, and Equity
The combined total of these components increased from US$38,774 million in 2021 to US$61,802 million in 2025, reflecting the overall growth in both liabilities and, after an initial decline, equity. The most substantial increase occurred between 2023 and 2025.

In summary, the company experienced a period of increasing financial scale, evidenced by the growth in total liabilities and eventual recovery in stockholders’ equity. The composition of both liabilities and equity shifted over time, with notable changes in specific accounts such as long-term insurance reserves, accrued taxes, and accumulated deficit. The significant increase in current liabilities in 2024, particularly the current portion of long-term debt, warrants further investigation.