These 5 charts present how Uber and Lyft evaluate financially as they combat to win the ride-hailing race (LYFT, UBER)

Uber and Lyft are set to be the primary publicly traded ride-hailing firms when Uber finishes its IPO that it started final week.  The businesses' IPO filings are the primary look traders have at audited financials for Uber and Lyft.  Enterprise Insider pulled out 5 key strains from the businesses' stability sheets to point out how the 2 evaluate.  Uber filed its long-awaited paperwork for an preliminary pubic providing, or IPO on Thursday, giving us the primary complete have a look at the ride-hailing large's monetary state of affairs (and different inner data). The corporate has beforehand self-reported a few of its earnings, however the releases have been unaudited and with none further context. Friday's submitting is the primary time we've three years price of audited monetary data from Uber, which may have one of many largest IPOs in historical past, and the primary time many numbers are comparable with Lyft, which lately additionally went public. Enterprise Insider dove into Uber's almost 300-page prospectus and boiled the new competitors between the corporate and Lyft to 5 necessary charts. SEE ALSO: Listed below are the largest variations between Uber and Lyft, the 2 greatest ride-hailing apps The information present that Uber is, as anticipated, nonetheless a lot bigger than Lyft. Uber's income remains to be rising like loopy, as much as $5.2 billion in 2018 in comparison with Lyft's $600 million. There's nonetheless loads of room for progress, although. Individuals spend $1.2 trillion yearly on private transportation, in keeping with Tom White, an analyst at D.A. Davidson, who launched protection of Lyft final month.  By way of whole rides, that hole is even larger. These two metrics mix to provide us what the businesses name "bookings." In a nutshell, gross bookings is the full Uber or Lyft cost from riders, earlier than paying drivers, which is definitely one of many greatest bills for each firms. They each calculate the precise bookings line barely in another way (Uber contains Uber Eats, for instance), however for displaying directionality, it is a helpful metric to traders.  "Our long-term valuation framework for Lyft assumes that the corporate achieves a 31.four% bookings share by 2029 (vs. an estimated 14.9% share in the present day)," D. A. Davidson's White stated in his initiation report. See the remainder of the story at Enterprise Insider