Private company

SHIFT TECHNOLOGIES, INC.

American retail-auto dealers and gasoline stations company, active since 2018.

Last updated Oct 18, 2026.

Overview

IndustryRetail-Auto Dealers & Gasoline Stations
HeadquartersSan Francisco, United States
Incorporated inDE²
Business address2525 16Th Street, Suite 316, San Francisco, Ca 94103²
Filer category, Emerging growth company²

See how the biggest companies compare on our leaderboards

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 margin³

-35.4%Operating margin³

-25.6%Net margin³

5.3%Revenue growth, 2022³

-$115.1MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueSelling, general and admin

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

Out of $670.8M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵³$670.8M in 2022+303% since 2019

Gross profit⁴⁵³$25.3M in 2022

Operating income⁴⁵³-$237.5M in 2022+209% since 2019

Net income⁴⁵³-$172.0M in 2022+114% since 2019

Fiscal year	2019	2020	2021	2022
Revenue	$166.2M⁴	$195.7M⁵	$636.9M³	$670.8M³
Cost of revenue	$168.0M⁴	$183.5M⁵	$588.1M³	$645.4M³
Gross profit	-$1.8M⁴	$12.2M⁵	$48.8M³	$25.3M³
Selling, general and admin	$71.9M⁴	$83.9M⁵	$220.1M³	$214.0M³
Operating income	-$76.8M⁴	-$76.3M⁵	-$176.9M³	-$237.5M³
Income tax	$0⁴	$0⁵	$226.0K³	$326.0K³
Net income	-$80.5M⁴	-$59.1M⁵	-$166.3M³	-$172.0M³
Earnings per share		-$3.12⁵	-$21.29³	-$19.92³
Earnings per share (diluted)		-$3.12⁵	-$21.29³	-$19.92³

Total assets⁸⁴⁵³$248.0M in 2022+197334% since 2018

Total liabilities⁸⁴⁵³$307.8M in 2022+300813% since 2018

Shareholders’ equity⁴⁵³-$59.8M in 2022

Cash⁴⁵³$96.2M in 2022+33% since 2018

Long-term debt³$163.4M in 2022+13% since 2021

Fiscal year	2018	2019	2020	2021	2022
Cash	$72.1M⁴	$43.0M⁴	$233.9M⁵	$182.6M³	$96.2M³
Current assets	$25.0K⁸	$64.9M⁴	$296.9M⁵	$332.8M³	$178.4M³
Total assets	$125.6K⁸	$82.8M⁴	$312.1M⁵	$365.7M³	$248.0M³
Current liabilities	$102.3K⁸	$24.2M⁴	$46.8M⁵	$142.4M³	$95.4M³
Long-term debt				$144.3M³	$163.4M³
Total liabilities	$102.3K⁸	$39.4M⁴	$74.9M⁵	$290.5M³	$307.8M³
Shareholders’ equity	$91.2M⁴	$43.3M⁵	$237.2M³	$75.3M³	-$59.8M³
Shares outstanding		31.4M shares⁴	83.9M shares⁵	8.1M shares³	17.2M shares³

Cash from operations⁴⁵³-$110.4M in 2022+291% since 2019

Capital spending⁴⁵³$4.7M in 2022+176% since 2019

Free cash flow⁴⁵³-$115.1M in 2022+285% since 2019

Share buybacks⁴⁵³$81.0K in 2022+170% since 2019

Fiscal year	2019	2020	2021	2022
Cash from operations	-$28.2M⁴	-$85.9M⁵	-$211.0M³	-$110.4M³
Capital spending	$1.7M⁴	$984.0K⁵	$7.5M³	$4.7M³
Free cash flow	-$29.9M	-$86.8M	-$218.6M	-$115.1M
Share buybacks	$30.0K⁴	$6.0K⁵	$73.0K³	$81.0K³

Compare SHIFT TECHNOLOGIES, INC. with another company

Leadership

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

Chief executive

Chair

George Arison2020

President

Chief financial officer

Chief operating officer

Sean Foy2020–2023

20202025

Chief executive officerAyman Moussa Jun 16, 2023 to Jul 5, 2023⁹
Chief executive officerJeff Clementz Nov 22, 2022 to Nov 22, 2022¹⁰
Chief executive officerGeorge Arison Oct 15, 2020 to Aug 24, 2022¹¹
Chief executive officerTobias Russell Oct 15, 2020 to Oct 15, 2021¹²
ChairGeorge Arison Oct 15, 2020 to Oct 15, 2020¹¹
PresidentJeff Clementz Oct 1, 2021 to Jun 6, 2022¹³
PresidentTobias Russell Oct 15, 2020 to Oct 15, 2020¹²
Chief financial officerOded Shein Mar 25, 2021 to Aug 23, 2023¹⁴
Chief financial officerCindy Hanford Oct 15, 2020 to Oct 15, 2020¹⁵
Chief financial officerPaul Vernhes Mar 19, 2019 to Oct 14, 2020¹⁶
Chief operating officerSean Foy Oct 15, 2020 to May 23, 2023¹⁷

Board members and other officers (24)

OfficerCindy Hanford Oct 15, 2020 to Feb 4, 2021¹⁸
OfficerGeorge Arison Oct 15, 2020 to Oct 15, 2021¹⁹
OfficerKaran Gupta Oct 15, 2020 to Aug 24, 2022²⁰
OfficerSean Foy Oct 15, 2020 to Feb 4, 2021²¹
OfficerTobias Russell Oct 15, 2020 to Jun 1, 2021²²
Chief Revenue OfficerBlima Tuller Oct 22, 2020 to Feb 4, 2021²³
Chief Accounting OfficerJoseph W. Pooler Jr. Mar 19, 2019 to Oct 14, 2020²⁴
Board memberAyman Moussa Jun 16, 2023 to Jul 5, 2023⁹
Board memberJeff Clementz Nov 22, 2022 to Nov 22, 2022¹⁰
Board memberKimberly H. Sheehy Dec 9, 2022 to Nov 20, 2023²⁵
Board memberLuis Igancio Solorzano Aizpuru Dec 9, 2022 to May 8, 2023²⁶
Board memberAdam Nash Oct 15, 2020 to Jul 18, 2022²⁷
Board memberGeorge Arison Oct 15, 2020 to Nov 22, 2022¹⁹
Board memberTobias Russell Oct 15, 2020 to Dec 2, 2022²²
Board memberEmily Melton Oct 22, 2020 to Jul 18, 2022²⁸
Board memberJason Krikorian Oct 22, 2020 to Dec 2, 2022²⁹
Board memberManish Patel Oct 22, 2020 to Jul 18, 2022³⁰
Board memberVictoria McInnis Oct 22, 2020 to Jul 18, 2022³¹
Board memberDaniel G. Cohen Mar 19, 2019 to Oct 14, 2020³²
Board memberJohn C. Chrystal Mar 19, 2019 to Oct 14, 2020³³
Board memberJoseph M. Scheerer Mar 19, 2019 to Mar 19, 2019³⁴
Board memberSasson Posner Mar 19, 2019 to Oct 14, 2020³⁵
Board memberStephanie Gould Rabin Mar 19, 2019 to Oct 14, 2020³⁶
General counselRyan Lawrence Nov 8, 2021 to Apr 26, 2022³⁷

Former names

Insurance Acquisition Corp.Dec 31, 2018 to Oct 13, 2020²

Timeline

Jun 16, 2023New chief executive Ayman Moussa becomes CEO⁹
Nov 22, 2022New chief executive Jeff Clementz becomes CEO¹⁰
Oct 15, 2020New chief executive George Arison becomes CEO¹¹
Oct 15, 2020New chief executive Tobias Russell becomes CEO¹²
Mar 13, 2018Founded SHIFT TECHNOLOGIES, INC. is founded³⁸

Filings

229 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 58 major events, 70 insider forms, 11 large holders, 78 other. The latest 20:

Nov 27, 202415-12G EDGAR
Oct 16, 20248-K CURRENT REPORT EDGAR
Oct 1, 20248-K CURRENT REPORT EDGAR
Sep 26, 20248-K CURRENT REPORT EDGAR
Aug 29, 20248-K CURRENT REPORT EDGAR
Jul 25, 20248-K CURRENT REPORT EDGAR
Jul 11, 20248-K CURRENT REPORT EDGAR
Jun 27, 20248-K CURRENT REPORT EDGAR
May 29, 20248-K CURRENT REPORT EDGAR
May 16, 20248-K CURRENT REPORT EDGAR
Feb 5, 2024SC 13G/A EDGAR
Feb 5, 2024SC 13G EDGAR
Jan 5, 20248-K CURRENT REPORT EDGAR
Dec 15, 20238-K CURRENT REPORT EDGAR
Dec 7, 20238-K CURRENT REPORT EDGAR
Nov 20, 20234 EDGAR
Nov 20, 20234 EDGAR
Oct 13, 20234 EDGAR
Oct 13, 2023SC 13D/A FORM SC 13D/A2 EDGAR
Oct 12, 2023144 EDGAR

The 229 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 11 such filings since October 2021, the latest 10:

Feb 5, 2024SC 13G/A
Feb 5, 2024SC 13G
Oct 13, 2023SC 13D/A
May 26, 2023SC 13D/A
Apr 26, 2023SC 13D
Feb 14, 2023SC 13G/A
Feb 8, 2023SC 13G
Dec 19, 2022SC 13G
Feb 14, 2022SC 13G
Feb 14, 2022SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSHIFT TECHNOLOGIES, INC. filings on SEC EDGAR
2
SEC EDGARSHIFT TECHNOLOGIES, INC. filings on SEC EDGAR
3
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-K for fiscal 2022
4
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-K for fiscal 2019
5
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-K for fiscal 2020
6
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-Q for fiscal 2023
7
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-Q for fiscal 2023
8
SEC EDGARSHIFT TECHNOLOGIES, INC. 10-K for fiscal 2018
9
SEC EDGARAyman Moussa, Chief executive officer
10
SEC EDGARJeff Clementz, Chief executive officer
11
SEC EDGARGeorge Arison, Chief executive officer
12
SEC EDGARTobias Russell, Chief executive officer
13
SEC EDGARJeff Clementz, President
14
SEC EDGAROded Shein, Chief financial officer
15
SEC EDGARCindy Hanford, Chief financial officer
16
SEC EDGARPaul Vernhes, Chief financial officer
17
SEC EDGARSean Foy, Chief operating officer
18
SEC EDGARCindy Hanford, Officer
19
SEC EDGARGeorge Arison, Officer
20
SEC EDGARKaran Gupta, Officer
21
SEC EDGARSean Foy, Officer
22
SEC EDGARTobias Russell, Officer
23
SEC EDGARBlima Tuller, Chief Revenue Officer
24
SEC EDGARJoseph W. Pooler Jr., Chief Accounting Officer
25
SEC EDGARKimberly H. Sheehy, Board member
26
SEC EDGARLuis Igancio Solorzano Aizpuru, Board member
27
SEC EDGARAdam Nash, Board member
28
SEC EDGAREmily Melton, Board member
29
SEC EDGARJason Krikorian, Board member
30
SEC EDGARManish Patel, Board member
31
SEC EDGARVictoria McInnis, Board member
32
SEC EDGARDaniel G. Cohen, Board member
33
SEC EDGARJohn C. Chrystal, Board member
34
SEC EDGARJoseph M. Scheerer, Board member
35
SEC EDGARSasson Posner, Board member
36
SEC EDGARStephanie Gould Rabin, Board member
37
SEC EDGARRyan Lawrence, General counsel
38
gleifSHIFT TECHNOLOGIES, INC. is founded