NASDAQ : GRAB
Grab Holdings Limited — Financial statements
Technology · Software - Application · Singapore
Last price 2.76 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.26B
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Financial statements
Grab Holdings Limited (GRAB) reported revenue of 3.73B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.73B | 3.37B | 2.80B | 2.36B | 1.43B | 675.00M |
| Cost of Revenue | 2.22B | 2.03B | 1.68B | 1.54B | 1.39B | 1.07B |
| Gross Profit | 1.51B | 1.34B | 1.12B | 818.00M | 46.00M | -395.00M |
| Selling, General & Admin | 883.00M | 826.00M | 836.00M | 843.00M | 924.00M | 785.00M |
| Research & Development | 417.00M | 428.00M | 410.00M | 421.00M | 465.00M | 356.00M |
| Other Operating Expenses | 53.00M | -16.00M | -3.00M | -2.00M | -1.00M | 19.00M |
| Operating Expenses | 1.37B | 1.26B | 1.27B | 1.29B | 1.41B | 1.16B |
| Operating Income | 138.00M | 80.00M | -156.00M | -470.00M | -1.36B | -1.55B |
| Interest Expense | -97.00M | -71.00M | -41.00M | -99.00M | -165.00M | -1.68B |
| Interest & Investment Income | 144.00M | 167.00M | 187.00M | 197.00M | 107.00M | |
| Earnings From Equity Investments | 1.00M | 1.00M | -8.00M | -7.00M | -8.00M | -8.00M |
| Currency Exchange Gain (Loss) | 27.00M | 42.00M | -65.00M | 1.00M | -1.00M | 2.00M |
| Other Non Operating Income (Expenses) | 12.00M | 29.00M | -8.00M | -4.00M | -7.00M | -353.00M |
| EBT Excluding Unusual Items | 225.00M | 248.00M | -91.00M | -382.00M | -1.44B | -3.59B |
| Merger & Restructuring Charges | -15.00M | -12.00M | -14.00M | -56.00M | -8.00M | -1.00M |
| Impairment of Goodwill | -3.00M | -8.00M | ||||
| Gain (Loss) on Sale of Investments | 308.00M | 34.00M | -39.00M | -294.00M | 37.00M | |
| Gain (Loss) on Sale of Assets | -1.00M | -1.00M | 10.00M | 11.00M | 3.00M | 1.00M |
| Asset Writedown | -3.00M | |||||
| Other Unusual Items | 7.00M | 8.00M | ||||
| Pretax Income | 517.00M | 269.00M | -95.00M | -466.00M | -1.73B | -3.55B |
| Income Tax Expense | -8.00M | 69.00M | 63.00M | 19.00M | 6.00M | 3.00M |
| Earnings From Continuing Operations | 525.00M | 200.00M | -158.00M | -485.00M | -1.74B | -3.56B |
| Minority Interest in Earnings | 73.00M | 68.00M | 53.00M | 51.00M | 57.00M | 106.00M |
| Net Income | 598.00M | 268.00M | -105.00M | -434.00M | -1.68B | -3.45B |
| Net Income to Common | 598.00M | 268.00M | -105.00M | -434.00M | -1.68B | -3.45B |
| Shares Outstanding (Basic) | 4.09B | 4.09B | 4.00B | 3.89B | 3.81B | 539.95M |
| Shares Outstanding (Diluted) | 4.30B | 4.21B | 4.00B | 3.89B | 3.81B | 539.95M |
| EPS (Basic) | 0.15 | 0.07 | -0.03 | -0.11 | -0.44 | -6.39 |
| EPS (Diluted) | 0.11 | 0.06 | -0.03 | -0.11 | -0.44 | -6.39 |
| Free Cash Flow | -160.00M | -18.00M | 775.00M | 15.00M | -856.00M | -1.03B |
| Free Cash Flow Per Share | -0.04 | -0.00 | 0.19 | 0.00 | -0.22 | -1.90 |
| Gross Margin | 40.47% | 39.67% | 39.97% | 34.68% | 3.21% | -58.52% |
| Operating Margin | 3.70% | 2.37% | -5.58% | -19.92% | -95.05% | -230.37% |
| Profit Margin | 16.03% | 7.95% | -3.75% | -18.40% | -117.45% | -510.96% |
| Free Cash Flow Margin | -4.29% | -0.53% | 27.71% | 0.64% | -59.74% | -152.15% |
| EBITDA | 343.00M | 257.00M | -9.00M | -325.00M | -1.21B | -1.21B |
| EBITDA Margin | 9.19% | 7.63% | -0.32% | -13.78% | -84.58% | -179.26% |
| D&A For EBITDA | 205.00M | 177.00M | 147.00M | 145.00M | 150.00M | 345.00M |
| EBIT | 138.00M | 80.00M | -156.00M | -470.00M | -1.36B | -1.55B |
| EBIT Margin | 3.70% | 2.37% | -5.58% | -19.92% | -95.05% | -230.37% |
| Effective Tax Rate | 25.65% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.86B | 3.43B | 2.96B | 3.14B | 1.95B | 4.99B |
| Short-Term Investments | 2.37B | 2.35B | 2.47B | 1.65B | 3.01B | 3.22B |
| Trading Asset Securities | 1.31B | 1.08B | 247.00M | 361.00M | 164.00M | 64.00M |
| Cash & Short-Term Investments | 6.53B | 6.86B | 5.68B | 5.15B | 5.13B | 8.28B |
| Accounts Receivable | 249.00M | 136.00M | 138.00M | 119.00M | 100.00M | 95.00M |
| Other Receivables | 138.00M | 94.00M | 107.00M | 133.00M | 101.00M | |
| Receivables | 1.79B | 1.03B | 663.00M | 498.00M | 418.00M | 303.00M |
| Inventory | 90.00M | 87.00M | 59.00M | 49.00M | 48.00M | 4.00M |
| Prepaid Expenses | 87.00M | 85.00M | 55.00M | 70.00M | 66.00M | |
| Other Current Assets | 11.00M | 81.00M | 15.00M | 24.00M | 23.00M | |
| Total Current Assets | 8.41B | 8.08B | 6.57B | 5.77B | 5.69B | 8.68B |
| Property, Plant & Equipment | 895.00M | 831.00M | 567.00M | 512.00M | 492.00M | 441.00M |
| Long-Term Investments | 1.55B | 1.33B | 896.00M | 1.29B | 1.85B | 1.25B |
| Goodwill | 902.00M | 845.00M | 807.00M | 807.00M | 647.00M | |
| Other Intangible Assets | 1.57B | 155.00M | 130.00M | 109.00M | 97.00M | 28.00M |
| Long-Term Deferred Tax Assets | 178.00M | 85.00M | 67.00M | 56.00M | 20.00M | 5.00M |
| Other Long-Term Assets | 215.00M | 178.00M | 119.00M | 102.00M | 130.00M | 127.00M |
| Total Assets | 13.45B | 11.98B | 9.29B | 8.79B | 9.17B | 11.18B |
| Accounts Payable | 1.32B | 258.00M | 208.00M | 185.00M | 189.00M | 167.00M |
| Accrued Expenses | 489.00M | 523.00M | 402.00M | 407.00M | 374.00M | |
| Short-Term Debt | 1.04B | |||||
| Current Portion of Long-Term Debt | 1.62B | 129.00M | 90.00M | 87.00M | 83.00M | 122.00M |
| Current Portion of Leases | 49.00M | 33.00M | 38.00M | 34.00M | 22.00M | |
| Current Income Taxes Payable | 46.00M | 37.00M | 34.00M | 15.00M | 9.00M | 3.00M |
| Current Unearned Revenue | 2.00M | 2.00M | 7.00M | 9.00M | 9.00M | |
| Other Current Liabilities | 2.53B | 2.62B | 1.70B | 744.00M | 366.00M | 329.00M |
| Total Current Liabilities | 5.52B | 4.63B | 2.59B | 1.48B | 1.10B | 1.03B |
| Long-Term Debt | 145.00M | 188.00M | 116.00M | 544.00M | 1.10B | 1.93B |
| Long-Term Leases | 264.00M | 185.00M | 125.00M | 124.00M | 152.00M | 101.00M |
| Pension & Post-Retirement Benefits | 13.00M | 12.00M | 11.00M | 13.00M | 15.00M | |
| Long-Term Deferred Tax Liabilities | 40.00M | 35.00M | 25.00M | 20.00M | 18.00M | 3.00M |
| Other Long-Term Liabilities | 271.00M | 178.00M | 74.00M | 147.00M | 137.00M | 84.00M |
| Total Liabilities | 6.24B | 5.23B | 2.94B | 2.32B | 2.51B | 3.16B |
| Additional Paid-In Capital | 24.06B | 23.86B | 23.55B | 22.67B | 22.28B | 21.53B |
| Retained Earnings | -17.31B | -17.47B | -17.35B | -16.76B | -16.28B | -14.40B |
| Comprehensive Income & Other | 22.00M | 337.00M | 197.00M | 544.00M | 602.00M | 606.00M |
| Total Common Equity | 6.77B | 6.73B | 6.40B | 6.45B | 6.60B | 7.73B |
| Minority Interest | 437.00M | 29.00M | -48.00M | 19.00M | 54.00M | 286.00M |
| Shareholders' Equity | 7.20B | 6.76B | 6.35B | 6.47B | 6.66B | 8.02B |
| Total Liabilities & Equity | 13.45B | 11.98B | 9.29B | 8.79B | 9.17B | 11.18B |
| Total Debt | 2.03B | 1.59B | 364.00M | 793.00M | 1.36B | 2.17B |
| Net Cash (Debt) | 4.50B | 5.27B | 5.31B | 4.36B | 3.76B | 6.10B |
| Net Cash Per Share | 1.05 | 1.25 | 1.33 | 1.12 | 0.99 | 11.30 |
| Filing Date Shares Outstanding | 4.08B | 4.10B | 4.07B | 3.93B | 3.87B | 3.83B |
| Total Common Shares Outstanding | 4.08B | 4.10B | 4.07B | 3.93B | 3.86B | 3.74B |
| Working Capital | 2.89B | 3.45B | 3.97B | 4.29B | 4.59B | 7.65B |
| Book Value Per Share | 1.66 | 1.64 | 1.57 | 1.64 | 1.71 | 2.07 |
| Tangible Book Value | 5.19B | 5.67B | 5.42B | 5.53B | 5.70B | 7.06B |
| Tangible Book Value Per Share | 1.27 | 1.38 | 1.33 | 1.41 | 1.48 | 1.89 |
| Buildings | 390.00M | 308.00M | 297.00M | 291.00M | 228.00M | |
| Machinery | 1.09B | 817.00M | 737.00M | 643.00M | 571.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 598.00M | 268.00M | -105.00M | -434.00M | -1.68B | -3.45B |
| Depreciation & Amortization | 205.00M | 177.00M | 147.00M | 145.00M | 150.00M | 345.00M |
| Loss (Gain) From Sale of Assets | 2.00M | 1.00M | -10.00M | -11.00M | -5.00M | -1.00M |
| Asset Writedown & Restructuring Costs | 6.00M | 15.00M | ||||
| Loss (Gain) From Sale of Investments | 85.00M | -34.00M | 39.00M | 352.00M | -20.00M | |
| Loss (Gain) on Equity Investments | -1.00M | -1.00M | 8.00M | 7.00M | 8.00M | 8.00M |
| Stock-Based Compensation | 240.00M | 241.00M | 279.00M | 304.00M | 412.00M | 357.00M |
| Provision & Write-off of Bad Debts | 19.00M | 19.00M | 31.00M | 26.00M | ||
| Other Operating Activities | -617.00M | -280.00M | -117.00M | -171.00M | -15.00M | 1.94B |
| Change in Accounts Receivable | -24.00M | -10.00M | -97.00M | -11.00M | -50.00M | -94.00M |
| Change in Inventory | -13.00M | -9.00M | -9.00M | -1.00M | 6.00M | -1.00M |
| Change in Accounts Payable | 183.00M | 40.00M | 120.00M | -7.00M | 128.00M | 137.00M |
| Change in Other Net Operating Assets | -856.00M | -452.00M | 549.00M | 158.00M | -107.00M | -186.00M |
| Operating Cash Flow | -60.00M | 79.00M | 852.00M | 86.00M | -798.00M | -954.00M |
| Capital Expenditures | -100.00M | -97.00M | -77.00M | -71.00M | -58.00M | -73.00M |
| Sale of Property, Plant & Equipment | 17.00M | 16.00M | 26.00M | 28.00M | 12.00M | 25.00M |
| Cash Acquisitions | -39.00M | -100.00M | -23.00M | -168.00M | ||
| Divestitures | 1.00M | 1.00M | ||||
| Sale (Purchase) of Intangibles | -26.00M | -26.00M | -36.00M | -21.00M | -16.00M | -12.00M |
| Investment in Securities | -556.00M | -754.00M | -405.00M | 1.75B | -789.00M | -2.73B |
| Other Investing Activities | 169.00M | 178.00M | 191.00M | 183.00M | 55.00M | 28.00M |
| Investing Cash Flow | -534.00M | -782.00M | -231.00M | 1.87B | -1.06B | -2.76B |
| Long-Term Debt Issued | 1.69B | 120.00M | 116.00M | 109.00M | 1.98B | |
| Long-Term Debt Repaid | -312.00M | -681.00M | -804.00M | -1.05B | -200.00M | |
| Lease Payments | -62.00M | -52.00M | -46.00M | -39.00M | -35.00M | -24.00M |
| Net Debt Issued (Repaid) | -121.00M | 1.38B | -561.00M | -688.00M | -945.00M | 1.78B |
| Issuance of Common Stock | 20.00M | 24.00M | 25.00M | 16.00M | 8.00M | 4.47B |
| Repurchase of Common Stock | -400.00M | -274.00M | -226.00M | |||
| Other Financing Activities | 111.00M | -36.00M | -9.00M | -98.00M | -185.00M | -148.00M |
| Financing Cash Flow | -390.00M | 1.09B | -771.00M | -770.00M | -1.12B | 6.57B |
| Foreign Exchange Rate Adjustments | -37.00M | 77.00M | -24.00M | -1.00M | -57.00M | -37.00M |
| Net Cash Flow | -1.02B | 469.00M | -174.00M | 1.19B | -3.04B | 2.82B |
| Free Cash Flow | -160.00M | -18.00M | 775.00M | 15.00M | -856.00M | -1.03B |
| Free Cash Flow Margin | -4.29% | -0.53% | 27.71% | 0.64% | -59.74% | -152.15% |
| Free Cash Flow Per Share | -0.04 | -0.00 | 0.19 | 0.00 | -0.22 | -1.90 |
| Levered Free Cash Flow | 502.62M | 907.62M | 1.03B | 317.38M | -532.38M | -1.36B |
| Unlevered Free Cash Flow | 563.25M | 952.00M | 1.06B | 379.25M | -429.25M | -315.88M |
| Free Cash Flow After Leases | -222.00M | -70.00M | 729.00M | -24.00M | -891.00M | -1.05B |
| Cash Interest Paid | 28.00M | 26.00M | 34.00M | 80.00M | 160.00M | 108.00M |
| Cash Income Tax Paid | 82.00M | 89.00M | 58.00M | 45.00M | 26.00M | 3.00M |
| Change in Working Capital | -710.00M | -431.00M | 563.00M | 139.00M | -23.00M | -144.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.05B | 20.39B | 19.01B | 13.18B | 12.40B | 26.67B |
| Enterprise Value | 6.55B | 15.46B | 13.58B | 9.21B | 8.01B | 35.68B |
| Last Close Price | 2.71 | 4.99 | 4.72 | 3.37 | 3.22 | 7.13 |
| PE Ratio | 23.69 | 76.10 | ||||
| Forward PE | 15.70 | 61.60 | 157.33 | |||
| PS Ratio | 2.96 | 6.05 | 6.80 | 5.59 | 8.65 | 39.52 |
| PB Ratio | 1.63 | 3.02 | 2.99 | 2.04 | 1.86 | 3.33 |
| P/TBV Ratio | 2.13 | 3.60 | 3.50 | 2.38 | 2.18 | 3.78 |
| P/FCF Ratio | 24.53 | 878.90 | ||||
| P/OCF Ratio | 258.15 | 22.31 | 153.30 | |||
| EV/Sales Ratio | 1.76 | 4.59 | 4.86 | 3.90 | 5.59 | 52.86 |
| EV/EBITDA Ratio | 19.11 | 60.17 | ||||
| EV/EBIT Ratio | 47.50 | 193.29 | ||||
| EV/FCF Ratio | 17.53 | 613.70 | ||||
| Debt / Equity Ratio | 0.28 | 0.24 | 0.06 | 0.12 | 0.20 | 0.27 |
| Debt / EBITDA Ratio | 5.93 | 6.20 | ||||
| Debt / FCF Ratio | 0.47 | 52.87 | ||||
| Net Debt / Equity Ratio | -0.62 | -0.78 | -0.84 | -0.67 | -0.56 | -0.76 |
| Net Debt / EBITDA Ratio | -13.12 | -20.50 | 590.44 | 13.41 | 3.10 | 5.04 |
| Net Debt / FCF Ratio | 28.12 | 292.67 | -6.86 | -290.53 | 4.40 | 5.94 |
| Asset Turnover | 0.30 | 0.32 | 0.31 | 0.26 | 0.14 | 0.08 |
| Inventory Turnover | 26.92 | 27.85 | 31.09 | 31.77 | 53.35 | 305.71 |
| Quick Ratio | 1.23 | 1.54 | 2.28 | 3.64 | 4.89 | 8.26 |
| Current Ratio | 1.52 | 1.75 | 2.53 | 3.90 | 5.18 | 8.46 |
| Return on Equity (ROE) | 7.74% | 3.05% | -2.46% | -7.39% | -23.71% | -412.17% |
| Return on Assets (ROA) | 0.70% | 0.47% | -1.08% | -3.27% | -8.37% | -11.70% |
| Return on Invested Capital (ROIC) | 5.86% | 4.71% | -9.91% | -18.79% | -56.64% | -47.69% |
| Return on Capital Employed (ROCE) | 1.70% | 1.10% | -2.30% | -6.40% | -16.90% | -15.30% |
| Earnings Yield | 4.22% | 1.31% | -0.55% | -3.29% | -13.57% | -12.93% |
| FCF Yield | -1.45% | -0.09% | 4.08% | 0.11% | -6.90% | -3.85% |
| Buyback Yield / Dilution | -4.45% | -5.28% | -2.58% | -2.10% | -606.46% | -198.00% |