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Private company

SHIFT TECHNOLOGIES, INC.

SHIFT TECHNOLOGIES, INC. is an American retail-auto dealers and gasoline stations company, active since 2018.2 It is headquartered in San Francisco, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryRetail-Auto Dealers & Gasoline Stations2
  • HeadquartersSan Francisco, United States2
  • Incorporated inDE3
  • Business address2525 16Th Street, Suite 316, San Francisco, Ca 941033
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI5493000DBZBX1I1QVY712
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 67957792

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

3.8%Gross margin4
-35.4%Operating margin4
-25.6%Net margin4
5.3%Revenue growth, 20224
-$115.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue75¢$645.4M
  • Selling, general and admin25¢$214.0M
  • Income tax0¢$326.0K

Out of $670.8M in revenue.4 The company lost money this year.

Financial statements

Revenue564$670.8M in 2022+303% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $166.2M$166.2M20192020: $195.7M$195.7M2020+18%2021: $636.9M$636.9M2021+225%2022: $670.8M$670.8M2022+5%
Gross profit564$25.3M in 2022
-$20.0M0$20.0M$40.0M$60.0M2019: -$1.8M-$1.8M20192020: $12.2M$12.2M20202021: $48.8M$48.8M2021+301%2022: $25.3M$25.3M2022−48%
Operating income564-$237.5M in 2022+209% since 2019
-$300.0M-$200.0M-$100.0M02019: -$76.8M-$76.8M20192020: -$76.3M-$76.3M2020−1%2021: -$176.9M-$176.9M2021+132%2022: -$237.5M-$237.5M2022+34%
Net income564-$172.0M in 2022+114% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$80.5M-$80.5M20192020: -$59.1M-$59.1M2020−27%2021: -$166.3M-$166.3M2021+181%2022: -$172.0M-$172.0M2022+3%
Fiscal year20182019202020212022
Revenue$166.2M5$195.7M6$636.9M4$670.8M4
Cost of revenue$168.0M5$183.5M6$588.1M4$645.4M4
Gross profit-$1.8M5$12.2M6$48.8M4$25.3M4
Selling, general and admin$71.9M5$83.9M6$220.1M4$214.0M4
Operating expenses$225.6M4$262.8M4
Operating income-$76.8M5-$76.3M6-$176.9M4-$237.5M4
Income before tax-$166.0M4-$171.7M4
Income tax$05$06$226.0K4$326.0K4
Net income-$80.5M5-$59.1M6-$166.3M4-$172.0M4
Earnings per share-$3.126-$21.294-$19.924
Earnings per share (diluted)-$3.126-$21.294-$19.924
Shares (weighted, basic)7.8M shares48.6M shares4
Shares (weighted, diluted)7.8M shares48.6M shares4

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Corporate structure

SHIFT TECHNOLOGIES, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SHIFT TECHNOLOGIES, INC.

  • Lithia Motors Filed SC 13G/A on SHIFT TECHNOLOGIES, INC., latest Feb 5, 2024 (4 filings since Feb 14, 2022)
  • Maruthi Jd Venkata Filed SC 13D/A on SHIFT TECHNOLOGIES, INC., latest Oct 13, 2023 (3 filings since Apr 26, 2023)
  • Nantahala Capital Management, LLC Filed SC 13G/A on SHIFT TECHNOLOGIES, INC., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • TRP Capital Partners, LP Filed SC 13G on SHIFT TECHNOLOGIES, INC., latest Dec 19, 2022
  • BlackRock Filed SC 13G on SHIFT TECHNOLOGIES, INC., latest Jul 8, 2022 (3 filings since Feb 8, 2022)
  • FMR LLC Filed SC 13G/A on SHIFT TECHNOLOGIES, INC., latest Dec 10, 2021
  • SHIFT TECHNOLOGIES, INC. San Francisco, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SHIFT TECHNOLOGIES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.2M4 Dec 31, 2022$10.3M4 Dec 31, 2021−1.0%
Accumulated depreciation$3.4M4 Dec 31, 2022$2.3M4 Dec 31, 2021+44.6%
Property and equipment, net$6.8M4 Dec 31, 2022$7.9M4 Dec 31, 2021−14.4%
Finance-lease assets$152.0K4 Dec 31, 2022$04 Dec 31, 2021
Operating-lease assets (leased space)$44.6M4 Dec 31, 2022$04 Dec 31, 2021

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$96.2M4 Dec 31, 2022$182.6M4 Dec 31, 2021−47.3%
Marketable securities, current$1.3M4 Dec 31, 2022$04 Dec 31, 2021
Marketable securities, non-current$707.0K4 Dec 31, 2022$04 Dec 31, 2021
Debt securities held to maturity$1.5M4 Dec 31, 2022

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1M4 Dec 31, 2022$04 Dec 31, 2021
Intangible assets, net (excluding goodwill)$10.7M4 Dec 31, 2022$9.3M4 Dec 31, 2021+15.1%
Indefinite-lived intangibles (excluding goodwill)$385.0K4 Dec 31, 2022$385.0K4 Dec 31, 20210%
Finite-lived intangibles, gross$12.3M4 Dec 31, 2022$24.4M4 Dec 31, 2021−49.7%
Accumulated amortization$2.0M4 Dec 31, 2022$15.6M4 Dec 31, 2021−87.0%
Finite-lived intangibles, net$10.3M4 Dec 31, 2022

Inventory

ItemLatestA year beforeChange
Inventory, total$40.9M4 Dec 31, 2022$122.7M4 Dec 31, 2021−66.7%

Leadership

Who has led SHIFT TECHNOLOGIES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George Arison2020–2022
  2. Tobias Russell2020–2021
  3. Jeff Clementz2022
  4. Ayman Moussa2023

Chair

  1. George Arison2020

President

  1. Tobias Russell2020
  2. Jeff Clementz2021–2022

Chief financial officer

  1. Paul Vernhes2019–2020
  2. Cindy Hanford2020
  3. Oded Shein2021–2023

Chief operating officer

  1. Sean Foy2020–2023
20202025
Board members and other officers (24)

Former names

  • Insurance Acquisition Corp.Dec 31, 2018 to Oct 13, 20203

Timeline

  1. Oct 16, 20248-K Change in control; Executive or director change39
  2. Oct 1, 20248-K Other events40
  3. Sep 26, 20248-K Other events41
  4. Aug 29, 20248-K Other events42
  5. Jul 25, 20248-K Other events43
  6. Jul 11, 20248-K Other events44
  7. Jun 27, 20248-K Other events45
  8. May 29, 20248-K Other events46
  9. May 16, 20248-K Other events47
  10. Jan 5, 20248-K Other events48
  11. Dec 15, 20238-K Executive or director change49
  12. Dec 7, 20238-K Other events50
  13. Jun 16, 2023New chief executive Ayman Moussa becomes CEO10
  14. Nov 22, 2022New chief executive Jeff Clementz becomes CEO11
  15. Oct 15, 2020New chief executive Tobias Russell becomes CEO13
  16. Oct 15, 2020New chief executive George Arison becomes CEO12
  17. Mar 13, 2018Founded SHIFT TECHNOLOGIES, INC. is founded2

Calendar

When it reported results

  1. Aug 10, 2023Reported quarterly or annual results51
  2. May 11, 2023Reported quarterly or annual results52
  3. Mar 28, 2023Reported quarterly or annual results53
  4. Nov 8, 2022Reported quarterly or annual results54
  5. Aug 9, 2022Reported quarterly or annual results55
  6. May 10, 2022Reported quarterly or annual results56
  7. Mar 15, 2022Reported quarterly or annual results57
  8. Nov 12, 2021Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

232 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 58 major events, 70 insider forms, 14 large holders, 78 other. The latest 20:

  1. Nov 27, 202415-12G EDGAR
  2. Oct 16, 20248-K CURRENT REPORT EDGAR
  3. Oct 1, 20248-K CURRENT REPORT EDGAR
  4. Sep 26, 20248-K CURRENT REPORT EDGAR
  5. Aug 29, 20248-K CURRENT REPORT EDGAR
  6. Jul 25, 20248-K CURRENT REPORT EDGAR
  7. Jul 11, 20248-K CURRENT REPORT EDGAR
  8. Jun 27, 20248-K CURRENT REPORT EDGAR
  9. May 29, 20248-K CURRENT REPORT EDGAR
  10. May 16, 20248-K CURRENT REPORT EDGAR
  11. Feb 5, 2024SC 13G/A EDGAR
  12. Feb 5, 2024SC 13G EDGAR
  13. Jan 5, 20248-K CURRENT REPORT EDGAR
  14. Dec 15, 20238-K CURRENT REPORT EDGAR
  15. Dec 7, 20238-K CURRENT REPORT EDGAR
  16. Nov 20, 20234 EDGAR
  17. Nov 20, 20234 EDGAR
  18. Oct 13, 20234 EDGAR
  19. Oct 13, 2023SC 13D/A FORM SC 13D/A2 EDGAR
  20. Oct 12, 2023144 EDGAR

The 232 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 16 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 17, 2023Sheehy Kimberly H.DirectorSale36,578$0.04$1.5KForm 4
Nov 16, 2023CURTIS JASON TRAVISCFO, CAOSale6,596$0.04$264Form 4
Oct 12, 2023Venkata Maruthi JD10% ownerSale1,150,000$0.14$161.0KForm 4
Apr 14, 2023Venkata Maruthi JD10% ownerBuy57,423$1.31$75.2KForm 4
Apr 13, 2023Venkata Maruthi JD10% ownerBuy5,135$1.35$6.9KForm 4
Apr 13, 2023Venkata Maruthi JD10% ownerSale604$1.39$840Form 4
Apr 12, 2023Venkata Maruthi JD10% ownerBuy869$1.44$1.3KForm 4
Apr 12, 2023Venkata Maruthi JD10% ownerSale1,670$1.32$2.2KForm 4
Apr 11, 2023Venkata Maruthi JD10% ownerBuy1,012$1.26$1.3KForm 4
Apr 11, 2023Venkata Maruthi JD10% ownerSale630$1.18$743Form 4
Apr 10, 2023Venkata Maruthi JD10% ownerBuy102$1.25$128Form 4
Apr 6, 2023Venkata Maruthi JD10% ownerBuy749$1.18$884Form 4
Apr 5, 2023Venkata Maruthi JD10% ownerBuy41,482$1.10$45.6KForm 4
Apr 4, 2023Venkata Maruthi JD10% ownerBuy37,207$1.08$40.2KForm 4
Apr 3, 2023Venkata Maruthi JD10% ownerBuy9,528$1.09$10.4KForm 4
Mar 31, 2023Venkata Maruthi JD10% ownerBuy27,962$1.12$31.3KForm 4
Mar 30, 2023Venkata Maruthi JD10% ownerBuy3,247$1.17$3.8KForm 4
Mar 29, 2023Venkata Maruthi JD10% ownerBuy34,508$1.21$41.8KForm 4
Mar 28, 2023Venkata Maruthi JD10% ownerBuy13,900$1.37$19.0KForm 4
Mar 28, 2023Venkata Maruthi JD10% ownerSale88,050$1.60$140.9KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.0M 2020–2020
Money received by yearMoney received by year, 2020–2020: $3.0M in all. PPP loans $3.0M.$0$1M$2M$3M2020 · PPP loans: $3.0M2020
Figures by year
YearPPP loansTotal
2020$3.0M$3.0M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA65. Matched to this company by name and state.

  1. Apr 13, 2020$3.0M PPP loan (first draw) from Newtek Small Business Finance, Inc.65To SHIFT TECHNOLOGIES, INC, San Francisco CA; no forgiveness recorded

SEC filer profile

How SHIFT TECHNOLOGIES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSHIFT TECHNOLOGIES, INC.1
  • CIK0001762322
  • Employer ID (EIN)82-53258521
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2525 16Th Street, Suite 316, San Francisco, CA 941031
  • Phone(815) 575-67391
  • Shares outstanding16,999,021 as of Aug 10, 20238
  • Public float$55.0M as of Jun 30, 20224
  • On EDGAR sinceDec 31, 20181
  • Filings476 in all: 4 (103), 8-K (87), 425 (39), 424B3 (38), 3 (33), SC 13G (24), SC 13G/A (15), 10-Q (14)1
    All 45 form types

    CORRESP (14), UPLOAD (13), 144 (11), 4/A (10), S-4/A (8), EFFECT (7), 10-K (4), 8-K/A (4), DEF 14A (4), DEFA14A (4), S-8 (4), SC TO-I/A (4), 10-K/A (2), 10-Q/A (2), 25-NSE (2), PRE 14A (2), S-1 (2), S-1/A (2), S-3 (2), S-4 (2), SC 13D/A (2), SC TO-C (2), SEC STAFF LETTER (2), 15-12G (1), 3/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), NT 10-Q (1), POS AM (1), PRER14A (1), S-1MEF (1), SC 13D (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Aug 11, 2023
    Proxy statement (DEF 14A) May 27, 2022
    Latest 8-K (8-K) Oct 16, 2024

Sources

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