Forensic Analysis · Professional & Commercial Services · as of Aug 7, 2026
Uber Technologies, Inc (UBER)
A forensic read on Uber Technologies, Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
4.7
Distress distance
Clean
Earnings quality
5
Forensic signals
15.0
P / E (ttm)
37.2%
ROE
$158.3B
Market cap
18.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Uber Technologies, Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 4.7, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by share-count dilution.
What the filings flag
+2.4%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +7% over the last 3 years to FY2025 (+2.4%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~2.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~7%.
+18.8%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +18.8% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +15% against revenue +18%. This is the third straight fiscal year of building accruals — a multi-year streak is a materially stronger tell than a single year's move. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 0% of net operating assets, diverging from the balance-sheet accrual read.
11.8%
FY2025
Return on invested capital.Return on invested capital is 11.8% in the latest fiscal year and rising from -8% — a modest positive spread over its ~10% cost of capital — growth adds value, though not dramatically.
4% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 4% of revenue and 19% of free cash flow in FY2025 — about $0.86 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 2.4% a year and is falling.
Key fundamentals
Latest Revenue$52.02B
Revenue Growth YoY+18.3%
Revenue CAGR (3yr)+17.7%
Net Margin19.3%
Free Cash Flow$9.76B
Return on Equity37.2%
Debt / Equity0.39x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Uber Technologies, Inc's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 7, 2026. Forensic signals flag probability, not certainty.
$173M
FY2020–FY2021
Goodwill impairments.Took $173M of goodwill writedowns across 2 years (FY2020 ($100M), FY2021 ($73M)). Writedowns mean past acquisitions underperformed what was paid for them.