Company Quick10K Filing
HyreCar
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 12 $52
10-Q 2019-11-06 Quarter: 2019-09-30
S-1 2019-07-16 Public Filing
10-Q 2019-08-15 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-28 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
S-1 2018-05-23 Public Filing
8-K 2020-01-09 Earnings, Officers, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-08-28 Officers, Exhibits
8-K 2019-08-14 Exhibits
8-K 2019-06-25 Officers, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-04-25 Officers, Exhibits
8-K 2019-03-28 Earnings, Exhibits
8-K 2019-03-18 Other Events, Exhibits
8-K 2019-02-07 Earnings, Exhibits
8-K 2019-01-09 Other Events, Exhibits
8-K 2018-12-26 Officers
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-24 Officers, Exhibits
8-K 2018-09-26 Officers, Exhibits
8-K 2018-09-04 Other Events, Exhibits
8-K 2018-08-30 Officers
8-K 2018-08-13 Earnings, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-07-23 Officers, Exhibits

HyreCar Financials

HYRE Metrics, Comps, Filings

Annual | Quarterly

Business

HyreCar Inc. was formed as a corporation in the State of Delaware on November 24, 2014. Our founders identified the need for a car-sharing platform for individuals who wanted to drive for ride-sharing companies such as Uber Technologies Inc. (“Uber”) and Lyft, Inc. (“Lyft”), but whose automobiles could not meet the standards imposed by the ride-sharing companies. For example, Uber maintains strict guidelines regarding the types of cars a driver can use. Although guidelines relating to cars can differ by state, in general the use of two door coupes, motorcycles and cars that are 12 years or older are excluded. Our founders, before deciding to purchase qualifying sedans that met Uber's strict guidelines, first inquired as to whether there were any rental options available from Uber that would allow them to drive for the ride-sharing platform. To their surprise, there were no rental options available, other than a shadow industry of individuals renting cars to one another.

HyreCar is a unique peer-to-peer car-sharing marketplace that allows car owners (collectively, “Owners”) to rent their idle cars to ride-sharing service drivers (collectively, “Drivers”). By sourcing vehicles from individual Owners, part-time Drivers may easily enter and exit the market and our business model allows us to satisfy fluctuating transportation demand in cities around the United States by matching Owners and Drivers.

Our business is based on a proprietary car-sharing marketplace developed to (i) onboard Owners and Drivers, (ii) facilitate the matching of Owners and Drivers and (iii) log rental activity for Owners and Drivers. All transactions related to the rental (including, but not limited to, background checks, rentals, deposits and insurance costs) are run securely through the HyreCar platform. Drivers and Owners access their rental or car dashboards through a unique login. Drivers can easily initiate, terminate or extend a rental through the platform while Owners can manage their car or fleet of cars through the platform.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
AMERCO (UHAL) 7,374,613 95% 5.7 3% 12,474,744 8,605,721 3,109,488 2,948,298 375,430 1,193,261 6,854,782
Ryder System (R) 2,886,464 0% 15.4 2% 14,522,054 11,914,348 8,841,730 0 318,066 611,862 9,413,022
Avis Budget Group (CAR) 2,643,440 0% 9.0 1% 24,455,000 9,085,000 0 286,000 620,000 5,593,440
Hertz Global (HTZ) 1,605,350 0% 317.1 -0% 26,354,000 25,287,000 9,670,000 0 -61,000 3,000 951,350
EHI Car Services (EHIC) 1,594,163 0% 10,928,462 6,721,915 0 0 0 0 5,674,534
SP Plus (SP) 841,962 13% 11.0 3% 1,491,800 1,109,900 1,563,000 208,600 51,500 108,800 1,191,962
US Auto Parts (PRTS) 57,612 35% -13.0 -9% 108,966 72,739 217,889 75,669 -10,177 -4,372 56,729
Full House Resorts (FLL) 56,005 0% 7.7 -1% 205,099 147,743 166,875 0 -2,051 17,772 136,183
Global Eagle Entertainment (ENT) 55,576 19% -6.6 -33% 702,929 1,003,459 648,721 123,144 -228,473 -127,368 835,020
Francesca's Holdings (FRAN) 53,694 37% -8.3 -8% 368,016 305,039 407,782 151,356 -28,445 -3,837 31,732
Odyssey Marine Exploration (OMEX) 53,409 25% -19.2 -270% 2,496 49,731 3,260 804 -6,728 -2,769 53,036
Mastech Digital (MHH) 52,672 24% 6.3 10% 96,374 54,645 182,609 44,264 9,416 13,026 81,744
HyreCar (HYRE) 52,408 88% -5.8 -137% 5,947 2,221 8,424 7,403 -8,173 -8,134 47,321
FAT Brands (FAT) 52,274 0% 17.0 -5% 78,188 73,330 21,642 0 -3,898 4,194 71,459
Income Opportunity Realty Investors (IOR) 52,144 4.5 9% 98,185 31 0 0 8,858 11,588 52,137
Cinedigm (CIDM) 51,774 0% 18.1 -18% 98,202 139,792 50,259 0 -17,999 5,119 92,506
Build A Bear Workshop (BBW) 49,314 42% -209.4 -6% 299,194 210,689 333,799 139,576 -16,514 -164 34,349
Hornbeck Offshore Services (HOS) 48,631 0% 36.5 -4% 2,772,010 1,528,101 223,267 0 -123,941 30,021 1,095,851
Salem Media (SALM) 48,542 0% 8.5 -1% 611,059 394,830 257,865 0 -5,175 35,783 302,849

Balance Sheet ($'000)2018-12-31
Cash6,765
Accounts Receivable161
Inventory
PP&E11
Assets7,398
Accounts Payable857
Long-Term Debt
Liabilities2,045
Stockholders' Equity5,353
Income Statement ($'000)2018-12-31
Revenue9,777
Cost of Revenue5,132
Gross Profit4,645
R&D1,415
SG&A12,389
Tax1
Net Income-11,244
Cash Flow ($'000)2018-12-31
Cash Operating-6,515
Cash Investing-198
Cash Financing13,264