Grab Holdings Limited (GRAB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Grab Holdings Limited (GRAB) stock price & volume — 10-year historical chart
Grab Holdings Limited (GRAB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Grab Holdings Limited (GRAB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.03vs $0.02+59.8% | $955Mvs $922M+3.6% |
| Q1 2026 | Feb 12, 2026 | $0.04vs $0.01+187.1% | $906Mvs $937M-3.3% |
| Q1 2026 | Feb 11, 2026 | —vs $0.01 | $906Mvs $923M-1.8% |
| Q4 2025 | Nov 4, 2025 | $0.01vs $0.01-27.5% | $873Mvs $874M-0.1% |
Grab Holdings Limited (GRAB) competitors in E-commerce platforms and retail enablement — business model, growth, and fundamentals comparison
Grab Holdings Limited (GRAB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Grab Holdings Limited (GRAB) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | -845M | 469M | 675M | 1.43B | 2.36B | 2.8B | 3.37B | 3.55B |
Revenue Growth % | - | 155.5% | 43.92% | 112.3% | 64.62% | 18.57% | 20.49% | 21.8% |
Cost of Goods Sold | 1.32B | 963M | 1.07B | 1.36B | 1.5B | 1.62B | 1.91B | 2.01B |
COGS % of Revenue | -156.21% | 205.33% | 158.52% | 94.63% | 63.54% | 58.03% | 56.8% | - |
Gross Profit | -2.17B▲ 0% | -494M▲ 77.2% | -395M▲ 20.0% | 77M▲ 119.5% | 860M▲ 1016.9% | 1.17B▲ 36.5% | 1.46B▲ 24.0% | 1.55B▲ 0% |
Gross Margin % | 256.21% | -105.33% | -58.52% | 5.37% | 36.46% | 41.97% | 43.2% | 43.54% |
Gross Profit Growth % | - | 77.18% | 20.04% | 119.49% | 1016.88% | 36.51% | 24.02% | - |
Operating Expenses | 845M | 804M | 1.16B | 1.45B | 1.38B | 1.34B | 1.25B | 1.34B |
OpEx % of Revenue | -100% | 171.43% | 171.85% | 101.19% | 58.46% | 47.98% | 37.21% | - |
Selling, General & Admin | 542M | 477M | 785M | 924M | 843M | 836M | 826M | 856M |
SG&A % of Revenue | -64.14% | 101.71% | 116.3% | 64.48% | 35.74% | 29.89% | 24.51% | - |
Research & Development | 231M | 257M | 356M | 465M | 421M | 410M | 428M | 428M |
R&D % of Revenue | -27.34% | 54.8% | 52.74% | 32.45% | 17.85% | 14.66% | 12.7% | - |
Other Operating Expenses | 72M | 70M | 19M | 61M | 115M | 96M | 0 | 1000K |
Operating Income | -3.01B▲ 0% | -1.3B▲ 56.9% | -1.55B▼ 19.8% | -1.37B▲ 11.7% | -519M▲ 62.2% | -168M▲ 67.6% | 202M▲ 220.2% | 204M▲ 0% |
Operating Margin % | 356.21% | -276.76% | -230.37% | -95.81% | -22% | -6.01% | 5.99% | 5.74% |
Operating Income Growth % | - | 56.88% | -19.8% | 11.7% | 62.2% | 67.63% | 220.24% | - |
EBITDA | -2.36B | -911M | -1.21B | -1.22B | -374M | -21M | 379M | 395M |
EBITDA Margin % | 279.64% | -194.24% | -179.26% | -85.35% | -15.85% | -0.75% | 11.25% | 11.12% |
EBITDA Growth % | - | 61.45% | -32.82% | -1.07% | 69.42% | 94.38% | 1904.76% | 1061.76% |
D&A (Non-Cash Add-back) | 647M | 387M | 345M | 150M | 145M | 147M | 177M | 191M |
EBIT | -2.93B | -1.31B | -1.85B | -1.57B | -367M | -54M | 202M | 290M |
Net Interest Income | -977M | -1.44B | -1.68B | -58M | 98M | 146M | 169M | 107M |
Interest Income | 76M | 53M | 26M | 107M | 197M | 187M | 240M | 205M |
Interest Expense | 1.05B | 1.49B | 1.7B | 165M | 99M | 41M | 71M | 98M |
Other Income/Expense | -971M | -1.45B | -2B | -361M | 53M | 73M | 67M | 166M |
Pretax Income | -3.98B▲ 0% | -2.74B▲ 31.1% | -3.55B▼ 29.5% | -1.73B▲ 51.2% | -466M▲ 73.1% | -95M▲ 79.6% | 269M▲ 383.2% | 370M▲ 0% |
Pretax Margin % | 471.12% | -584.86% | -526.22% | -121% | -19.75% | -3.4% | 7.98% | 10.41% |
Income Tax | 7M | 2M | 3M | 6M | 19M | 63M | 69M | 60M |
Effective Tax Rate % | -0.18% | -0.07% | -0.08% | -0.35% | -4.08% | -66.32% | 25.65% | 16.22% |
Net Income | -3.75B▲ 0% | -2.61B▲ 30.4% | -3.45B▼ 32.2% | -1.68B▲ 51.2% | -434M▲ 74.2% | -105M▲ 75.8% | 268M▲ 355.2% | 379M▲ 0% |
Net Margin % | 443.43% | -556.08% | -510.96% | -117.45% | -18.4% | -3.75% | 7.95% | 10.67% |
Net Income Growth % | - | 30.4% | -32.25% | 51.2% | 74.21% | 75.81% | 355.24% | 1547.83% |
Net Income (Continuing) | -3.99B | -2.75B | -3.56B | -1.74B | -485M | -158M | 200M | 310M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 67M | 105M | 286M | 54M | 19M | -48M | 29M | 17M |
EPS (Diluted) | -0.95▲ 0% | -0.66▲ 30.5% | -0.92▼ 39.4% | -0.44▲ 52.2% | -0.11▲ 75.0% | -0.03▲ 76.1% | 0.06▲ 342.2% | 0.09▲ 0% |
EPS Growth % | - | 30.53% | -39.39% | 52.17% | 75% | 76.09% | 342.21% | 848.35% |
EPS (Basic) | -0.95 | -0.66 | -0.92 | -0.44 | -0.11 | -0.03 | 0.07 | - |
Diluted Shares Outstanding | 3.95B | 3.95B | 3.74B | 3.81B | 3.89B | 4B | 4.21B | 4.44B |
Basic Shares Outstanding | 3.95B | 3.95B | 3.74B | 3.81B | 3.89B | 4B | 4.09B | 4.09B |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Grab Holdings Limited (GRAB) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.14B | 3.75B | 8.68B | 5.69B | 5.77B | 6.57B | 8.08B | 7.62B |
Cash & Short-Term Investments | 2.79B | 3.3B | 8.08B | 5.09B | 5.04B | 5.63B | 6.8B | 6.26B |
Cash Only | 1.51B | 2B | 4.84B | 1.95B | 3.14B | 2.96B | 3.43B | 2.95B |
Short-Term Investments | 1.28B | 1.3B | 3.24B | 3.13B | 1.91B | 2.67B | 3.37B | 3.31B |
Accounts Receivable | 69M | 184M | 288M | 406M | 486M | 649M | 1B | 1.05B |
Days Sales Outstanding | -29.8 | 143.2 | 155.73 | 103.41 | 75.2 | 84.69 | 108.31 | 94.08 |
Inventory | 5M | 3M | 4M | 48M | 49M | 59M | 87M | 87M |
Days Inventory Outstanding | 1.38 | 1.14 | 1.36 | 12.92 | 11.93 | 13.27 | 16.59 | 14.92 |
Other Current Assets | 205M | 197M | 176M | 24M | 27M | 95M | 189M | 219M |
Total Non-Current Assets | 1.88B | 1.69B | 2.5B | 3.48B | 3.02B | 2.73B | 3.9B | 4.08B |
Property, Plant & Equipment | 534M | 384M | 441M | 492M | 512M | 567M | 831M | 850M |
Fixed Asset Turnover | -1.58x | 1.22x | 1.53x | 2.91x | 4.61x | 4.93x | 4.06x | 4.66x |
Goodwill | 681M | 656M | 647M | 807M | 807M | 845M | 0 | 0 |
Intangible Assets | 499M | 257M | 28M | 97M | 109M | 130M | 1.06B | 1.05B |
Long-Term Investments | 165M | 386M | 1.25B | 1.85B | 1.29B | 896M | 1.75B | 5.88B |
Other Non-Current Assets | 5M | 4M | 127M | 217M | 250M | 224M | 263M | 153M |
Total Assets | 5.02B▲ 0% | 5.44B▲ 8.3% | 11.18B▲ 105.4% | 9.17B▼ 18.0% | 8.79B▼ 4.1% | 9.29B▲ 5.7% | 11.98B▲ 28.9% | 11.7B▲ 0% |
Asset Turnover | -0.17x | 0.09x | 0.06x | 0.16x | 0.27x | 0.30x | 0.28x | 0.31x |
Asset Growth % | - | 8.32% | 105.4% | -17.96% | -4.12% | 5.72% | 28.92% | 105.7% |
Total Current Liabilities | 783M | 836M | 1.03B | 1.1B | 1.48B | 2.59B | 4.63B | 4.56B |
Accounts Payable | 99M | 109M | 167M | 189M | 185M | 208M | 1.26B | 1.31B |
Days Payables Outstanding | 27.38 | 41.31 | 56.97 | 50.87 | 45.05 | 46.78 | 239.52 | 220.12 |
Short-Term Debt | 133M | 121M | 122M | 83M | 87M | 90M | 1.68B | 1.56B |
Deferred Revenue (Current) | 0 | 13M | 9M | 12M | 381M | 1.23B | 0 | 1.54B |
Other Current Liabilities | 216M | 35M | 35M | 38M | 39M | 139M | 1.65B | 1.65B |
Current Ratio | 4.01x | 4.49x | 8.46x | 5.19x | 3.90x | 2.53x | 1.75x | 1.67x |
Quick Ratio | 4.00x | 4.49x | 8.45x | 5.14x | 3.87x | 2.51x | 1.73x | 1.65x |
Cash Conversion Cycle | -55.8 | 103.02 | 100.13 | 65.46 | 42.08 | 51.18 | -114.62 | -111.12 |
Total Non-Current Liabilities | 8.46B | 10.9B | 2.13B | 1.42B | 846M | 352M | 599M | 604M |
Long-Term Debt | 8.42B | 91M | 1.93B | 1.1B | 544M | 116M | 373M | 384M |
Capital Lease Obligations | 21M | 20M | 101M | 152M | 124M | 125M | 0 | 144M |
Deferred Tax Liabilities | 0 | 1M | 3M | 18M | 20M | 25M | 35M | 141M |
Other Non-Current Liabilities | 25M | 10.79B | 99M | 150M | 158M | 86M | 191M | 184M |
Total Liabilities | 9.25B | 11.74B | 3.16B | 2.51B | 2.32B | 2.94B | 5.23B | 5.17B |
Total Debt | 8.6B | 251M | 2.17B | 1.36B | 793M | 364M | 2.05B | 1.95B |
Net Debt | 7.09B | -1.75B | -2.66B | -587M | -2.35B | -2.6B | -1.38B | -1B |
Debt / Equity | - | - | 0.27x | 0.21x | 0.12x | 0.06x | 0.30x | 0.30x |
Debt / EBITDA | - | - | - | - | - | - | 5.42x | 4.93x |
Net Debt / EBITDA | - | - | - | - | - | - | -3.64x | -2.53x |
Interest Coverage | -2.78x | -0.88x | -1.09x | -9.51x | -3.71x | -1.32x | 2.85x | 2.96x |
Total Equity | -4.22B▲ 0% | -6.29B▼ 49.0% | 8.02B▲ 227.4% | 6.66B▼ 17.0% | 6.47B▼ 2.8% | 6.35B▼ 1.8% | 6.76B▲ 6.4% | 6.53B▲ 0% |
Equity Growth % | - | -49.01% | 227.41% | -16.98% | -2.84% | -1.81% | 6.39% | 8.97% |
Book Value per Share | -1.07 | -1.59 | 2.14 | 1.75 | 1.66 | 1.59 | 1.61 | 1.47 |
Total Shareholders' Equity | -4.29B | -6.4B | 7.73B | 6.6B | 6.45B | 6.4B | 6.73B | 6.52B |
Common Stock | 0 | 140M | 21.53B | 22.28B | 22.67B | 23.55B | 23.86B | 24.05B |
Retained Earnings | -7.98B | -10.49B | -14.4B | -16.28B | -16.76B | -17.35B | -17.47B | -17.34B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 3.61B | 3.95B | 606M | 602M | 544M | 197M | 337M | -197M |
Minority Interest | 67M | 105M | 286M | 54M | 19M | -48M | 29M | 17M |
Grab Holdings Limited (GRAB) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -2.11B | -643M | -954M | -798M | 86M | 852M | 231M | 12M |
Operating CF Margin % | 249.94% | -137.1% | -141.33% | -55.69% | 3.65% | 30.46% | 6.85% | - |
Operating CF Growth % | - | 69.55% | -48.37% | 16.35% | 110.78% | 890.7% | -72.89% | -402.92% |
Net Income | -3.98B | -2.74B | -3.45B | -1.68B | -434M | -105M | 268M | 379M |
Depreciation & Amortization | 647M | 387M | 345M | 150M | 145M | 147M | 177M | 192M |
Stock-Based Compensation | 34M | 54M | 357M | 412M | 304M | 279M | 241M | 160M |
Deferred Taxes | 0 | 147M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 1.08B | 1.44B | 2.07B | 474M | -75M | 88M | -24M | -102M |
Working Capital Changes | 108M | 75M | -281M | -151M | 146M | 443M | -431M | -626M |
Change in Receivables | -75M | -42M | -94M | -50M | -11M | -97M | -701M | -887M |
Change in Inventory | 2M | 2M | -1M | 6M | -1M | -9M | -9M | -6M |
Change in Payables | 0 | 42M | 0 | 0 | 0 | 0 | 40M | -11M |
Cash from Investing | 393M | -318M | -2.76B | -1.06B | 1.87B | -231M | -964M | -633M |
Capital Expenditures | -98M | -40M | -73M | -58M | -71M | -77M | -97M | -95M |
CapEx % of Revenue | -11.6% | 8.53% | 10.81% | 4.05% | 3.01% | 2.75% | 2.88% | 2.67% |
Acquisitions | -32M | -3M | 0 | -168M | 0 | -23M | -100M | -116M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 523M | -275M | -2.68B | -836M | 1.94B | -131M | -767M | -142M |
Cash from Financing | 1.95B | 1.58B | 6.57B | -1.12B | -770M | -771M | 1.13B | 691M |
Debt Issued (Net) | -97M | -128M | 1.78B | -945M | -688M | -561M | 1.38B | 1.4B |
Equity Issued (Net) | 2.27B | 1.72B | 0 | 0 | 0 | -226M | -250M | -638M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -226M | -274M | -674M |
Other Financing | -217M | -12M | 4.79B | -177M | -82M | 16M | -6M | -75M |
Net Change in Cash | 244M▲ 0% | 632M▲ 159.0% | 2.82B▲ 345.9% | -3.04B▼ 207.8% | 1.19B▲ 139.0% | -174M▼ 114.7% | 1.33B▲ 864.4% | 841M▲ 0% |
Free Cash Flow | -2.25B▲ 0% | -683M▲ 69.7% | -1.03B▼ 50.4% | -856M▲ 16.7% | 15M▲ 101.8% | 775M▲ 5066.7% | 134M▼ 82.7% | -88M▲ 0% |
FCF Margin % | 266.51% | -145.63% | -152.15% | -59.73% | 0.64% | 27.71% | 3.98% | -2.48% |
FCF Growth % | - | 69.67% | -50.37% | 16.65% | 101.75% | 5066.67% | -82.71% | -110.48% |
FCF per Share | -0.57 | -0.17 | -0.27 | -0.22 | 0.00 | 0.19 | 0.03 | -0.02 |
FCF Conversion (FCF/Net Income) | 0.56x | 0.25x | 0.28x | 0.47x | -0.20x | -8.11x | 0.86x | -0.23x |
Interest Paid | 0 | 0 | 108M | 160M | 80M | 34M | 26M | 7M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Grab Holdings Limited (GRAB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -399.88% | -22.94% | -6.61% | -1.64% | 4.09% | 5.79% |
Return on Invested Capital (ROIC) | - | -21.77% | -18.02% | -7.64% | -3.2% | 3.32% | 2.93% |
Gross Margin | -105.33% | -58.52% | 5.37% | 36.46% | 41.97% | 43.2% | 43.54% |
Net Margin | -556.08% | -510.96% | -117.45% | -18.4% | -3.75% | 7.95% | 10.67% |
Debt / Equity | - | 0.27x | 0.21x | 0.12x | 0.06x | 0.30x | 0.30x |
Interest Coverage | -0.88x | -1.09x | -9.51x | -3.71x | -1.32x | 2.85x | 2.96x |
FCF Conversion | 0.25x | 0.28x | 0.47x | -0.20x | -8.11x | 0.86x | -0.23x |
Revenue Growth | 155.5% | 43.92% | 112.3% | 64.62% | 18.57% | 20.49% | 21.8% |
Grab Holdings Limited (GRAB) stock FAQ — growth, dividends, profitability & financials explained
Grab Holdings Limited (GRAB) reported $3.55B in revenue for fiscal year 2025.
Grab Holdings Limited (GRAB) grew revenue by 20.5% over the past year. This is strong growth.
Yes, Grab Holdings Limited (GRAB) is profitable, generating $379.0M in net income for fiscal year 2025 (8.0% net margin).
Grab Holdings Limited (GRAB) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.
Grab Holdings Limited (GRAB) had negative free cash flow of $88.0M in fiscal year 2025, likely due to heavy capital investments.