Ryde Group Ltd. (RYDE) 10-Year Financial Performance & Capital Metrics

RYDE • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementWorkforce Management

AboutRyde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.Show more

Revenue $9M +3.3%
EBITDA -$18M -58.8%
Net Income -$19M -45.4%
EPS (Diluted) -0.88 -31.3%
Gross Margin 23.24% +8.6%
EBITDA Margin -201.55% -53.8%
Operating Margin -207.8% -53.2%
Net Margin -208.38% -40.8%
ROE -482.16%
ROIC -
Debt/Equity 0.03
Interest Coverage -241.53 -816.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Shares diluted 11.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y13.05%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-469.77%

5Y Avg-469.77%

3Y Avg-469.77%

Latest-469.77%

Peer Comparison

Workforce Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGYSAgilysys, Inc.	3.16B	112.71	137.45	16.07%	8.12%	8.21%	1.66%	0.18
QHQuhuo Limited	1.02M	1.03	15.85	-17.71%	0.08%	0.52%		0.26
UPLDUpland Software, Inc.	43.05M	1.49	-0.35	-7.74%	-18.43%	-64.63%	54.26%	2.78
RYDERyde Group Ltd.	34.11M	0.31	-0.36	3.27%	-136.6%	-8.23%		0.03
ASANAsana, Inc.	1.8B	11.42	-10.29	10.94%	-28.32%	-116.32%	0.52%	1.18
TEAMAtlassian Corporation	22.17B	131.96	-134.65	19.66%	-3.38%	-13.4%	6.38%	0.92

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.2M	8.82M	8.67M	8.95M
Revenue Growth %	-	0.42%	-0.02%	0.03%
Cost of Goods Sold+	4.44M	7.17M	6.81M	6.87M
COGS % of Revenue	0.72%	0.81%	0.79%	0.77%
Gross Profit+	170.41K	-765.78K	1.85M	2.08M
Gross Margin %	0.03%	-0.09%	0.21%	0.23%
Gross Profit Growth %	-	-5.49%	3.42%	0.12%
Operating Expenses+	1.29M	2.77M	13.61M	20.68M
OpEx % of Revenue	0.21%	0.31%	1.57%	2.31%
Selling, General & Admin	722K	2.7M	11.97M	14.96M
SG&A % of Revenue	0.12%	0.31%	1.38%	1.67%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	563.85K	73.05K	1.64M	5.72M
Operating Income+	172K	-3.02M	-11.76M	-18.6M
Operating Margin %	0.03%	-0.34%	-1.36%	-2.08%
Operating Income Growth %	-	-18.55%	-2.9%	-0.58%
EBITDA+	445K	-2.72M	-11.36M	-18.04M
EBITDA Margin %	0.07%	-0.31%	-1.31%	-2.02%
EBITDA Growth %	-	-7.11%	-3.18%	-0.59%
D&A (Non-Cash Add-back)	273K	301K	402K	559K
EBIT	-1.56M	-5.05M	-12.42M	-18.6M
Net Interest Income+	-118K	-198K	-446K	-77K
Interest Income	0	0	0	0
Interest Expense	118K	198K	446K	77K
Other Income/Expense	-1.41M	-1.94M	-1.11M	-77K
Pretax Income+	-1.24M	-4.96M	-12.87M	-18.68M
Pretax Margin %	-0.2%	-0.56%	-1.48%	-2.09%
Income Tax+	0	0	0	0
Effective Tax Rate %	0.99%	0.99%	1%	1%
Net Income+	-1.23M	-4.92M	-12.83M	-18.65M
Net Margin %	-0.2%	-0.56%	-1.48%	-2.08%
Net Income Growth %	-	-3%	-1.61%	-0.45%
Net Income (Continuing)	-1.24M	-4.96M	-12.87M	-18.68M
Discontinued Operations	0	0	0	0
Minority Interest	-14.84K	-42.5K	-59.89K	-104K
EPS (Diluted)+	-0.11	-0.42	-0.67	-0.88
EPS Growth %	-	-2.82%	-0.6%	-0.31%
EPS (Basic)	-0.11	-0.42	-0.67	-0.88
Diluted Shares Outstanding	11.7M	11.7M	19.11M	21.26M
Basic Shares Outstanding	11.7M	11.7M	19.11M	21.26M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.31M	3.77M	4.46M	8.19M
Cash & Short-Term Investments	2.85M	2.24M	1.69M	5.52M
Cash Only	2.85M	2.24M	1.69M	5.52M
Short-Term Investments	0	0	0	0
Accounts Receivable	11K	234K	203K	154K
Days Sales Outstanding	0.65	9.68	8.55	6.28
Inventory	0	0	0	0
Days Inventory Outstanding	-	-	-	-
Other Current Assets	233K	925.98K	2.24M	140K
Total Non-Current Assets+	278.16K	414.55K	734K	896K
Property, Plant & Equipment	17.06K	17.15K	61K	155K
Fixed Asset Turnover	363.13x	514.64x	142.08x	57.74x
Goodwill	0	0	0	0
Intangible Assets	351K	532K	673K	741K
Long-Term Investments	742	746	0	0
Other Non-Current Assets	-90.64K	-135.34K	0	0
Total Assets+	2.74M	3.22M	5.2M	9.08M
Asset Turnover	2.26x	2.74x	1.67x	0.99x
Asset Growth %	-	0.18%	0.61%	0.75%
Total Current Liabilities+	4.77M	5.16M	12.59M	5.13M
Accounts Payable	2.86M	3.4M	5.46M	4.08M
Days Payables Outstanding	235.31	173.24	292.68	216.5
Short-Term Debt	500K	1.75M	5.15M	0
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	919.05K	-817.62K	0	0
Current Ratio	0.70x	0.73x	0.35x	1.60x
Quick Ratio	0.70x	0.73x	0.35x	1.60x
Cash Conversion Cycle	-	-	-	-
Total Non-Current Liabilities+	0	3.8M	24.26K	91K
Long-Term Debt	0	3.8M	0	0
Capital Lease Obligations	0	0	0	59K
Deferred Tax Liabilities	0	0	24.26K	32K
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	4.77M	8.96M	12.62M	5.22M
Total Debt+	500K	5.55M	5.2M	135K
Net Debt	-2.35M	3.31M	3.51M	-5.38M
Debt / Equity	-	-	-	0.03x
Debt / EBITDA	1.12x	-	-	-
Net Debt / EBITDA	-5.28x	-	-	-
Interest Coverage	1.46x	-15.24x	-26.37x	-241.53x
Total Equity+	-2.03M	-5.74M	-7.42M	3.87M
Equity Growth %	-	-1.83%	-0.29%	1.52%
Book Value per Share	-0.17	-0.49	-0.39	0.18
Total Shareholders' Equity	-155K	-4.96M	-5.57M	3.97M
Common Stock	3K	3K	3.03K	7K
Retained Earnings	-8.14M	-13.07M	-25.89M	-44.54M
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	-117K	111K
Minority Interest	-14.84K	-42.5K	-59.89K	-104K

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-112K	-3.84M	-1.61M	-11.73M
Operating CF Margin %	-0.02%	-0.44%	-0.19%	-1.31%
Operating CF Growth %	-	-33.29%	0.58%	-6.28%
Net Income	-1.24M	-4.96M	-12.87M	-18.68M
Depreciation & Amortization	273K	301K	402K	559K
Stock-Based Compensation	0	0	6.96M	10.35M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	1K	0	1.83M	440K
Working Capital Changes	854K	818K	2.07M	-4.4M
Change in Receivables	-8.19K	-42.78K	52K	19K
Change in Inventory	0	0	0	0
Change in Payables	639.95K	390.87K	1.9M	-1.38M
Cash from Investing+	-329K	-482K	-422K	-580K
Capital Expenditures	-244.82K	-349.53K	-3K	-28K
CapEx % of Revenue	0.04%	0.04%	0%	0%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	-84.18K	-132.47K	-482K	-552K
Cash from Financing+	500K	4.7M	721K	16.14M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	0	0	-2.08M	-62K
Net Change in Cash	-	-	-	-
Free Cash Flow+	-328.16K	-3.13M	-2.1M	-12.31M
FCF Margin %	-0.05%	-0.36%	-0.24%	-1.38%
FCF Growth %	-	-8.55%	0.33%	-4.87%
FCF per Share	-0.03	-0.27	-0.11	-0.58
FCF Conversion (FCF/Net Income)	0.09x	0.78x	0.13x	0.63x
Interest Paid	0	0	0	62K
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-482.16%
Gross Margin	2.75%	-8.68%	21.39%	23.24%
Net Margin	-19.87%	-55.78%	-148%	-208.38%
Debt / Equity	-	-	-	0.03x
Interest Coverage	1.46x	-15.24x	-26.37x	-241.53x
FCF Conversion	0.09x	0.78x	0.13x	0.63x
Revenue Growth	-	42.45%	-1.79%	3.27%

Revenue by Segment

	2023	2024
Mobility	5.87M	5.79M
Mobility Growth	-	-1.35%
Membership	616K	575K
Membership Growth	-	-6.66%
Others	14K	87K
Others Growth	-	521.43%

Frequently Asked Questions

Growth & Financials

Ryde Group Ltd. (RYDE) reported $13.6M in revenue for fiscal year 2024. This represents a 119% increase from $6.2M in 2021.

Ryde Group Ltd. (RYDE) grew revenue by 3.3% over the past year. Growth has been modest.

Ryde Group Ltd. (RYDE) reported a net loss of $18.6M for fiscal year 2024.

Dividend & Returns

Ryde Group Ltd. (RYDE) has a return on equity (ROE) of -482.2%. Negative ROE indicates the company is unprofitable.

Ryde Group Ltd. (RYDE) had negative free cash flow of $12.1M in fiscal year 2024, likely due to heavy capital investments.

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