Amir Hussain, 61, of Horsham Road, Dorking, was cleared of failing to stop at the scene of a car crash and failing to report the accident in Surrey.
Mountain biker Robert Worrall, 30, from Beare Green, died at the scene of the crash on the A24 in the village at 01:25 GMT on 9 November 2014.
Mr Hussain was acquitted after a two-day trial before Guildford magistrates.
Gardener Mr Worrall, who worked at Dorking grounds maintenance company Groundscapes, was also a keen snowboarder.
A motorist has been found not guilty of two driving offences following a crash in which a cyclist died.