Uber Technologies, Inc. (NYSE:UBER) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. With the latest financial year loss of US$9.1b and a trailing-twelve-month loss of US$374m, the US$94b market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is Uber Technologies' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

See our latest analysis for Uber Technologies

According to the 42 industry analysts covering Uber Technologies, the consensus is that breakeven is near. They expect the company to post a final loss in 2022, before turning a profit of US$855m in 2023. Therefore, the company is expected to breakeven roughly 12 months from now or less. How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2023? Working backwards from analyst estimates, it turns out that they expect the company to grow 50% year-on-year, on average, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.

Underlying developments driving Uber Technologies' growth isn’t the focus of this broad overview, however, keep in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

One thing we would like to bring into light with Uber Technologies is its relatively high level of debt. Typically, debt shouldn’t exceed 40% of your equity, which in Uber Technologies' case is 96%. Note that a higher debt obligation increases the risk in investing in the loss-making company.

Next Steps:

There are too many aspects of Uber Technologies to cover in one brief article, but the key fundamentals for the company can all be found in one place – Uber Technologies' company page on Simply Wall St. We've also put together a list of key factors you should further research:

1. Valuation: What is Uber Technologies worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Uber Technologies is currently mispriced by the market.

2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Uber Technologies’s board and the CEO’s background.

3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.