Uber Technologies: Departure of CFO on Short Notice - 3rd CFO since 2023
Plus, an undisclosed SEC investigation found in past year
Uber Technologies, Inc. – UBER
On 04-Feb-2026, Uber announced its CFO, Prashanth Mahendra-Rajah, will leave the role, effective 16-Feb-2026. His replacement will be Uber’s third CFO since 2023. We’ve also been tracking an undisclosed SEC investigation at Uber since Jan-2025
In 2025, Uber filed its 10-K on 14-Feb-2025. It looks like the current CFO is leaving just as the 2026 one is due. When the new 10-K comes out, watch for who’s listed as CFO. If Mahendra-Rajah isn’t listed as CFO, that suggests he didn’t want to be accountable for it - not a good sign.
The CFO Departure
Per the Uber Technologies 8-K filed 04-Feb-2026 –
On February 4, 2026, Uber Technologies, Inc. (the “Company”) announced that Prashanth Mahendra-Rajah, Chief Financial Officer, will step down from his role on February 16, 2026 … Mr. Mahendra-Rajah will serve as a Senior Finance Advisor reporting to CEO Dara Khosrowshahi through July 1, 2026.
These guys are gushing all over each other as the CFO heads toward the door. So why is he leaving so abruptly?
The answer may be found in this fluff about the company wishing “him the best in an exciting new opportunity that he will share more about soon.”
Perhaps it’s nothing, but we’ve also never seen language like that regarding a CFO departure.
[CEO Dara] Khosrowshahi said: “I want to thank Prashanth for everything he’s done for Uber. He’s been a great partner in getting us to investment-grade status, spearheading our first share repurchase program, and steering us through several major acquisitions. We all wish him the best in an exciting new opportunity that he will share more about soon.”
… Mr. Mahendra-Rajah said: “I want to express my sincere gratitude to Dara and the Uber leadership team. Uber is a once-in-a-generation company with many years of extraordinary growth ahead, and it has been a true privilege to play my part in its success. I also want to congratulate Balaji, who is a superb executive and someone who I’m confident will take Uber to the next level.”
The Undisclosed SEC Investigation
In our work, the Early Signal of an undisclosed SEC investigation at Uber was first received on 17-Jan-2025, and later confirmed as an ongoing SEC investigation on 02-May-2025. New research in-process as of Nov-2025.
John P. Gavin, CFA, NACD.DC
Three CFOs in three years is a red flag on its own, but the timing around the 10-K is what stands out. If he's not signing that filing, it suggests discomfort with whatever's going in it. Combined with an undisclosed SEC probe, this reads more like risk management than "exciting opportunities." I've tracked similiar patterns where CFO exits cluster around regulatory filings and they rarely end well for shareholders