Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):


Current assets	$	20,416
Identifiable intangible assets	51,756
Goodwill	64,167
Other non-current assets	575
Current liabilities	(15,888)
Non-current liabilities	(5,828)
Total acquisition consideration	$	115,198

The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):


Cash and cash equivalents	$	31,859
Prepaid expenses and other current assets	41,693
Other investments	1,396
Property and equipment	1,507
Operating lease right-of-use assets	16,667
Identifiable intangible assets	101,234
Other assets	11,175
Total identifiable assets acquired	205,531
Accounts payable	(2,123)
Accrued and other liabilities	(51,138)
Operating lease liabilities, current	(2,712)
Operating lease liabilities	(13,957)
Other liabilities	(16,323)
Total liabilities assumed	(86,253)
Net assets acquired	119,278
Goodwill	117,529
Total acquisition consideration	$	236,807

The Company recorded intangible assets at their fair value, which consisted of the following (in thousands):


	Estimated Useful Life (in Years)	Gross Carrying Amount
Customer relationships	10.0	$	34,015
Developed technology	4.0	12,539
Trade name	8.0	5,202
Total intangible assets		$	51,756

The Company recorded intangible assets at their fair value, which consisted of the following (in thousands):


	Estimated Useful Life (in Years)	Gross Carrying Amount
Developed technology	5.0	$	57,519
User and driver relationships	4.0	40,263
Trade name licensing agreement	3.0	3,452
Total intangible assets		$	101,234

Lyft, Inc. 10-K