• Lyft average return on tangible equity for 2023 was -729.25, a 346.35% decline from 2022.
• Lyft average return on tangible equity for 2022 was -163.38, a 55.72% increase from 2021.
• Lyft average return on tangible equity for 2021 was -104.92, a 37.2% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.