The company has significantly strengthened its financial position, reducing its debt-to-equity ratio from 0.93 in 2023Q4 to 0.62 in 2026Q1.
| Total Current Assets | 12.82B | 13.99B | 12.24B | 11.3B | 9.25B | 8.82B | 9.88B | 13.93B | 8.66B | 6.84B | 7.01B |
| Cash & Short-Term Investments | 6.09B | 8.26B | 7.52B | 6.21B | 4.99B | 4.93B | 7.08B | 11.41B | 6.47B | 4.54B | 6.3B |
| Cash Only | 5.56B | 7.74B | 6.44B | 5.49B | 4.89B | 4.93B | 5.9B | 10.97B | 6.47B | 4.54B | 6.24B |
| Short-Term Investments | 533M | 528M | 1.08B | 727M | 103M | 0 | 1.18B | 440M | 0 | 0 | 55M |
| Accounts Receivable | 3.9B | 3.83B | 3.81B | 4.12B | 3.49B | 2.99B | 1.54B | 1.64B | 1.33B | 926M | 387M |
| Days Sales Outstanding | 27.03 | 26.85 | 31.66 | 40.35 | 39.95 | 62.57 | 50.36 | 46.1 | 46.71 | 42.61 | 36.74 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 680M | 1.9B | 493M | 564M | 459M | 442M | 861M | 300M | 585M | 1.16B | 173M |
| Total Non-Current Assets | 47.06B | 47.81B | 39B | 27.4B | 22.86B | 29.95B | 23.37B | 17.84B | 15.33B | 8.59B | 8.7B |
| Property, Plant & Equipment | 1.84B | 3.01B | 3.11B | 3.31B | 3.53B | 3.24B | 3.09B | 3.33B | 1.64B | 1.19B | 2.08B |
| Fixed Asset Turnover | 19.21x | 17.28x | 14.14x | 11.25x | 9.03x | 5.39x | 3.61x | 3.91x | 6.36x | 6.65x | 1.85x |
| Goodwill | 8.92B | 8.93B | 8.07B | 8.15B | 8.26B | 8.42B | 6.11B | 167M | 153M | 39M | 39M |
| Intangible Assets | 990M | 1.05B | 1.13B | 1.43B | 1.87B | 2.41B | 1.56B | 71M | 82M | 54M | 51M |
| Long-Term Investments | 67.34B | 9.18B | 18.24B | 13.01B | 8.89B | 15.48B | 11.63B | 12.99B | 13.4B | 7.26B | 5.97B |
| Other Non-Current Assets | 7.06B | 14.69B | 2.29B | 1.34B | 303M | 397M | 984M | 1.29B | 51M | 42M | 563M |
| Total Assets | 59.88B | 61.8B | 51.24B | 38.7B | 32.11B | 38.77B | 33.25B | 31.76B | 23.99B | 15.43B | 15.71B |
| Asset Turnover | 0.89x | 0.84x | 0.86x | 0.96x | 0.99x | 0.45x | 0.33x | 0.41x | 0.43x | 0.51x | 0.24x |
| Asset Growth % | 103.27% | 20.6% | 32.42% | 20.52% | -17.19% | 16.61% | 4.69% | 32.4% | 55.5% | -1.83% | - |
| Total Current Liabilities | 11.99B | 12.32B | 11.48B | 9.45B | 8.85B | 9.02B | 6.87B | 5.64B | 4.26B | 3.85B | 2.42B |
| Accounts Payable | 1.19B | 1.01B | 858M | 790M | 728M | 860M | 235M | 272M | 150M | 213M | 280M |
| Days Payables Outstanding | 12.52 | 11.8 | 11.75 | 12.84 | 13.52 | 33.57 | 16.64 | 16.38 | 11.44 | 14.1 | 45.87 |
| Short-Term Debt | 3.47B | 169M | 1.46B | 499M | 495M | 641M | 1.03B | 388M | 198M | 237M | 15M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76M | 65M | 38M | 0 |
| Other Current Liabilities | 0 | 11.14B | 7.76B | 6.77B | 6.57B | 7.15B | 5.07B | 4.31B | 3.43B | 2.92B | 903M |
| Current Ratio | 1.07x | 1.14x | 1.07x | 1.19x | 1.04x | 0.98x | 1.44x | 2.47x | 2.03x | 1.78x | 2.89x |
| Quick Ratio | 1.07x | 1.14x | 1.07x | 1.19x | 1.04x | 0.98x | 1.44x | 2.47x | 2.03x | 1.78x | 2.89x |
| Cash Conversion Cycle | 14.51 | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 22.08B | 21.4B | 17.29B | 16.56B | 14.75B | 14.4B | 12.63B | 10.94B | 12.94B | 7.93B | 6.56B |
| Long-Term Debt | 10.51B | 11.91B | 8.35B | 9.46B | 9.27B | 9.28B | 7.68B | 5.71B | 8.89B | 4.57B | 3.11B |
| Capital Lease Obligations | 5.95B | 1.39B | 1.63B | 1.87B | 1.96B | 1.69B | 1.66B | 1.67B | 436M | 290M | 0 |
| Deferred Tax Liabilities | 99M | 0 | 9M | 56M | 27M | 365M | 818M | 1.03B | 1.07B | 1.04B | 0 |
| Other Non-Current Liabilities | 9.86B | 8.1B | 7.31B | 5.18B | 3.5B | 3.07B | 2.47B | 2.54B | 2.54B | 2.03B | 3.45B |
| Total Liabilities | 34.07B | 33.72B | 28.77B | 26.02B | 23.61B | 23.43B | 19.5B | 16.58B | 17.2B | 11.77B | 8.99B |
| Total Debt | 15.89B | 13.47B | 11.44B | 11.83B | 11.72B | 11.6B | 10.37B | 7.76B | 9.52B | 5.09B | 3.13B |
| Net Debt | 10.33B | 5.73B | 5B | 6.34B | 6.83B | 6.68B | 4.48B | -3.21B | 3.05B | 557M | -3.11B |
| Debt / Equity | 0.62x | 0.48x | 0.51x | 0.93x | 1.38x | 0.76x | 0.75x | 0.51x | 1.40x | 1.39x | 0.46x |
| Debt / EBITDA | 2.27x | 2.13x | 3.23x | 6.12x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.47x | 0.91x | 1.41x | 3.28x | - | - | - | - | - | - | - |
| Interest Coverage | 11.51x | 14.18x | 8.89x | 4.67x | -15.68x | -1.12x | -14.17x | -14.09x | 3.02x | -8.55x | -8.63x |
| Total Equity | 25.81B | 28.08B | 22.48B | 12.68B | 8.5B | 15.35B | 13.75B | 15.18B | 6.79B | 3.65B | 6.73B |
| Equity Growth % | 185.36% | 24.95% | 77.23% | 49.13% | -44.6% | 11.6% | -9.41% | 123.54% | 85.93% | -45.69% | - |
| Book Value per Share | 12.46 | 13.25 | 10.45 | 6.06 | 4.31 | 8.11 | 7.85 | 12.16 | 4.05 | 2.16 | 4.41 |
| Total Shareholders' Equity | 24.75B | 27.04B | 21.56B | 11.25B | 7.34B | 14.46B | 12.27B | 14.19B | 6.79B | 3.65B | 6.73B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -10.36B | -10.63B | -20.73B | -30.59B | -32.77B | -23.63B | -23.13B | -16.36B | -7.87B | -8.87B | -4.81B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -421M | -432M | -517M | -421M | -443M | -524M | -535M | -187M | -188M | -3M | 1M |
| Minority Interest | 1.06B | 1.04B | 918M | 1.43B | 1.16B | 891M | 1.49B | 993M | 0 | 0 | 0 |
Regulatory worker classification shifts
As reported in recent financial filings, Uber's equity base has expanded from $11.2B in 2023Q4 to $24.8B in 2026Q1, signaling a significant improvement in the company's financial position as it transitions from a capital-consuming growth phase to a self-sustaining, profitable platform model.
The consistent reduction in accumulated deficits, which improved from -$30.6B to -$10.4B over the same period, suggests that the company is successfully retaining earnings and repairing its capital structure. This trajectory indicates that the business model has reached a maturity level where internal cash generation is sufficient to support operations without further dilutive financing.
Based on the provided balance sheet data, Uber has successfully reduced its debt-to-equity ratio from 0.93 in 2023Q4 to 0.62 in 2026Q1, reflecting a disciplined approach to capital management that prioritizes balance sheet flexibility over aggressive, debt-funded expansion strategies.
The current debt load appears manageable given the company's improved cash flow profile and the shift toward profitability. Investors should monitor whether management continues to prioritize debt repayment or if they will shift toward more aggressive capital allocation, such as further share repurchases or strategic acquisitions.
According to quarterly balance sheet disclosures, Uber's equity position has more than doubled since 2023Q4, a trend driven by the narrowing of historical losses and the accumulation of retained earnings, which suggests a fundamental shift in the company's long-term value creation capacity.
The improvement in equity quality is a positive indicator for long-term shareholders, as it reduces the reliance on external capital markets. However, the impact of stock-based compensation on equity dilution warrants ongoing scrutiny to ensure that the gains in retained earnings are not being offset by excessive share issuance.
As evidenced by the 2026Q1 current ratio of 1.07, Uber maintains a sufficient liquidity buffer to meet its short-term obligations, though the cash position of $5.6B represents a decline from the $8.9B peak observed in 2025Q3 due to aggressive capital deployment.
While the current ratio remains above parity, the reduction in cash reserves suggests that management is comfortable with a leaner liquidity profile as the business generates more predictable free cash flow. This shift warrants monitoring to ensure that the company retains enough flexibility to navigate potential regulatory or macroeconomic shocks.
Quick answers to the most common questions about buying UBER stock.
As of 2025, Uber Technologies, Inc. (UBER) had total assets of $61.80B including $13.99B in current assets.
Uber Technologies, Inc. (UBER) carries total debt of $13.47B, offset by $8.26B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Uber Technologies, Inc. (UBER) has total shareholders' equity (book value) of $27.04B ($13.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Uber Technologies, Inc. (UBER) reported a current ratio of 1.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.