Ryde Group Ltd. (RYDE) Revenue History
Annual and quarterly revenue from 2021 to 2024
Compound Annual Growth Rate (CAGR)
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RYDE Revenue Growth
Revenue Breakdown (FY 2024)
RYDE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
RYDE Revenue Analysis (2021–2024)
As of May 8, 2026, Ryde Group Ltd. (RYDE) generated trailing twelve-month (TTM) revenue of $13.6 million, reflecting explosive growth of +162.7% year-over-year. The most recent quarter (Q2 2025) recorded $5.7 million in revenue, up 151.3% sequentially.
Looking at the longer-term picture, RYDE's historical revenue data shows a 3-year CAGR of +13.0%. The company achieved its highest annual revenue of $8.9 million in 2024, representing a new all-time high.
Revenue diversification analysis shows RYDE's business is primarily driven by Mobility (90%), Membership (9%), and Others (1%). With over half of revenue concentrated in Mobility, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including UBER (+18.3% YoY), LYFT (+9.4% YoY), and GRAB (+21.8% YoY), RYDE has outperformed the peer group in terms of revenue growth. Compare RYDE vs UBER →
RYDE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RYDECurrent | $14M | +162.7% | - | -207.8% | |
 UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
 LYFT | $6.3B | +9.4% | +21.7% | -3.0% | |
 GRAB | $3.4B | +21.8% | +48.4% | 6.0% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% | |
 GOOGL | $403.0B | +17.5% | +17.2% | 32.1% |
RYDE Historical Revenue Data (2021–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8.9M | +3.3% | $2.1M | 23.2% | $-18,598,000 | -207.8% |
| 2023 | $8.7M | -1.8% | $1.9M | 21.4% | $-11,759,000 | -135.7% |
| 2022 | $8.8M | +42.5% | $-765,778 | -8.7% | $-3,018,000 | -34.2% |
| 2021 | $6.2M | - | $170K | 2.8% | $172K | 2.8% |
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Start ComparisonRYDE — Frequently Asked Questions
Quick answers to the most common questions about buying RYDE stock.
Is RYDE's revenue growth accelerating or slowing?
RYDE revenue is accelerating at +162.7% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $14M. Growth momentum has increased versus prior periods.
What is RYDE's long-term revenue growth rate?
Ryde Group Ltd.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +162.7% is above this long-term average.
How is RYDE's revenue distributed by segment?
RYDE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2024 are available for download. Segment mix reveals concentration and diversification trends.