NYSEAMERICAN : RYDE
Ryde Group Ltd — Financial statements
Technology · Software - Application · Singapore
Last price 0.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 102.73M
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Financial statements
Ryde Group Ltd (RYDE) reported revenue of 13.49M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.49M | 12.51M | 8.95M | 8.67M | 8.82M | 6.20M |
| Cost of Revenue | 9.87M | 9.29M | 6.87M | 8.87M | 9.58M | 5.69M |
| Gross Profit | 3.62M | 3.22M | 2.08M | -198.00K | -755.00K | 502.00K |
| Selling, General & Admin | 3.27M | 3.22M | 2.84M | 2.46M | 2.26M | 330.00K |
| Other Operating Expenses | 5.00M | 5.73M | 7.03M | 1.82M | 1.73M | 1.46M |
| Operating Expenses | 29.85M | 20.66M | 20.78M | 11.65M | 4.30M | 2.06M |
| Operating Income | -26.23M | -17.44M | -18.70M | -11.85M | -5.05M | -1.56M |
| Interest Expense | -3.00K | -5.00K | -77.00K | -446.00K | -198.00K | -118.00K |
| Other Non Operating Income (Expenses) | -23.00K | -36.00K | 103.00K | 89.00K | 289.00K | 440.00K |
| EBT Excluding Unusual Items | -26.06M | -17.48M | -18.68M | -12.21M | -4.96M | -1.24M |
| Impairment of Goodwill | -664.00K | |||||
| Pretax Income | -26.06M | -17.48M | -18.68M | -12.87M | -4.96M | -1.24M |
| Income Tax Expense | -32.00K | |||||
| Earnings From Continuing Operations | -26.06M | -17.45M | -18.68M | -12.87M | -4.96M | -1.24M |
| Minority Interest in Earnings | -238.00K | -246.00K | 25.00K | 42.00K | 37.00K | 9.00K |
| Net Income | -26.30M | -17.70M | -18.65M | -12.83M | -4.92M | -1.23M |
| Net Income to Common | -26.30M | -17.70M | -18.65M | -12.83M | -4.92M | -1.23M |
| Shares Outstanding (Basic) | 102.24M | 44.80M | 21.26M | 13.01M | 11.70M | 11.70M |
| Shares Outstanding (Diluted) | 102.24M | 44.80M | 21.26M | 13.01M | 11.70M | 11.70M |
| EPS (Basic) | -0.26 | -0.39 | -0.88 | -0.99 | -0.42 | -0.11 |
| EPS (Diluted) | -0.26 | -0.39 | -0.88 | -0.99 | -0.42 | -0.11 |
| Free Cash Flow | -24.19M | -23.54M | -11.76M | -1.61M | -3.86M | -138.00K |
| Free Cash Flow Per Share | -0.24 | -0.53 | -0.55 | -0.12 | -0.33 | -0.01 |
| Gross Margin | 26.84% | 25.72% | 23.24% | -2.28% | -8.55% | 8.10% |
| Operating Margin | -194.40% | -139.45% | -208.95% | -136.70% | -57.23% | -25.21% |
| Profit Margin | -194.89% | -141.49% | -208.38% | -148.00% | -55.78% | -19.87% |
| Free Cash Flow Margin | -179.29% | -188.21% | -131.41% | -18.63% | -43.69% | -2.23% |
| EBITDA | -25.59M | -16.83M | -18.14M | -11.45M | -4.75M | -1.29M |
| EBITDA Margin | -189.68% | -134.55% | -202.70% | -132.06% | -53.82% | -20.81% |
| D&A For EBITDA | 636.00K | 613.00K | 559.00K | 402.00K | 301.00K | 273.00K |
| EBIT | -26.23M | -17.44M | -18.70M | -11.85M | -5.05M | -1.56M |
| EBIT Margin | -194.40% | -139.45% | -208.95% | -136.70% | -57.23% | -25.21% |
Balance sheet
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.84M | 5.00M | 5.52M | 1.69M | 3.01M | 2.63M |
| Short-Term Investments | 36.84M | 19.23M | 214.00K | 209.00K | 265.00K | 218.00K |
| Cash & Short-Term Investments | 39.68M | 24.23M | 5.73M | 1.90M | 3.27M | 2.85M |
| Accounts Receivable | 22.00K | 33.00K | 11.00K | 30.00K | 70.00K | 11.00K |
| Other Receivables | 14.56M | 11.32M | 283.00K | 331.00K | 325.00K | 451.00K |
| Receivables | 14.58M | 11.36M | 294.00K | 361.00K | 395.00K | 462.00K |
| Prepaid Expenses | 182.00K | 97.00K | 2.16M | 120.00K | 100.00K | 5.00K |
| Other Current Assets | 2.08M | |||||
| Total Current Assets | 54.44M | 35.69M | 8.19M | 4.46M | 3.77M | 3.31M |
| Property, Plant & Equipment | 36.00K | 70.00K | 155.00K | 61.00K | 24.00K | 24.00K |
| Long-Term Investments | 1.95M | 1.75M | ||||
| Other Intangible Assets | 847.00K | 815.00K | 741.00K | 673.00K | 532.00K | 351.00K |
| Total Assets | 57.27M | 38.32M | 9.08M | 5.20M | 4.32M | 3.69M |
| Accounts Payable | 4.37M | 4.95M | 4.08M | 5.46M | 3.40M | 2.86M |
| Accrued Expenses | 1.28M | 1.33M | 974.00K | 1.92M | 827.00K | 484.00K |
| Short-Term Debt | 2.85M | 500.00K | ||||
| Current Portion of Long-Term Debt | 2.30M | |||||
| Current Portion of Leases | 20.00K | 59.00K | 76.00K | 49.00K | ||
| Total Current Liabilities | 5.67M | 6.34M | 5.12M | 12.59M | 4.23M | 3.85M |
| Long-Term Debt | 5.09M | |||||
| Long-Term Leases | 59.00K | |||||
| Long-Term Deferred Tax Liabilities | 32.00K | 32.00K | ||||
| Total Liabilities | 5.67M | 6.34M | 5.22M | 12.62M | 9.32M | 3.85M |
| Common Stock | 44.00K | 32.00K | 7.00K | 4.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 127.32M | 94.27M | 48.40M | 18.66M | 8.10M | 7.99M |
| Retained Earnings | -75.65M | -62.24M | -44.54M | -25.89M | -13.07M | -8.14M |
| Comprehensive Income & Other | -252.00K | -228.00K | 111.00K | -117.00K | ||
| Total Common Equity | 51.47M | 31.84M | 3.97M | -7.34M | -4.96M | -155.00K |
| Minority Interest | 133.00K | 143.00K | -104.00K | -79.00K | -37.00K | -1.00K |
| Shareholders' Equity | 51.60M | 31.98M | 3.87M | -7.42M | -5.00M | -156.00K |
| Total Liabilities & Equity | 57.27M | 38.32M | 9.08M | 5.20M | 4.32M | 3.69M |
| Total Debt | 20.00K | 59.00K | 135.00K | 5.20M | 5.09M | 500.00K |
| Net Cash (Debt) | 39.66M | 24.18M | 5.60M | -3.30M | -1.82M | 2.35M |
| Net Cash Per Share | 0.39 | 0.54 | 0.26 | -0.25 | -0.16 | 0.20 |
| Filing Date Shares Outstanding | 169.73M | 166.15M | 29.29M | 19.38M | 19.11M | 11.70M |
| Total Common Shares Outstanding | 169.73M | 121.64M | 26.29M | 16.11M | 11.70M | 11.70M |
| Working Capital | 48.77M | 29.35M | 3.06M | -8.12M | -461.00K | -531.00K |
| Book Value Per Share | 0.30 | 0.26 | 0.15 | -0.46 | -0.42 | -0.01 |
| Tangible Book Value | 50.62M | 31.02M | 3.23M | -8.02M | -5.49M | -506.00K |
| Tangible Book Value Per Share | 0.30 | 0.26 | 0.12 | -0.50 | -0.47 | -0.04 |
| Machinery | 93.00K | 82.00K | 78.00K | 82.00K | 82.00K | 71.00K |
Cash flow statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -26.30M | -17.70M | -18.65M | -12.83M | -4.92M | -1.24M |
| Depreciation & Amortization | 636.00K | 613.00K | 559.00K | 402.00K | 301.00K | 273.00K |
| Other Amortization | 15.00K | 91.00K | ||||
| Loss (Gain) From Sale of Assets | 1.00K | |||||
| Asset Writedown & Restructuring Costs | 664.00K | |||||
| Stock-Based Compensation | 20.95M | 11.10M | 10.35M | 6.96M | ||
| Other Operating Activities | 547.00K | 5.00K | 400.00K | 318.00K | -37.00K | |
| Change in Accounts Receivable | 56.00K | -21.00K | 19.00K | 52.00K | -59.00K | -11.00K |
| Change in Accounts Payable | 512.00K | 874.00K | -1.38M | 1.90M | 539.00K | 860.00K |
| Change in Other Net Operating Assets | -20.39M | -18.41M | -3.04M | 834.00K | 338.00K | 5.00K |
| Operating Cash Flow | -24.18M | -23.53M | -11.73M | -1.61M | -3.84M | -112.00K |
| Capital Expenditures | -12.00K | -4.00K | -28.00K | -3.00K | -15.00K | -26.00K |
| Cash Acquisitions | 63.00K | |||||
| Sale (Purchase) of Intangibles | -610.00K | -598.00K | -552.00K | -482.00K | -467.00K | -303.00K |
| Other Investing Activities | -29.77M | -9.34M | ||||
| Investing Cash Flow | -30.39M | -9.95M | -580.00K | -422.00K | -482.00K | -329.00K |
| Short-Term Debt Issued | 950.00K | 2.85M | ||||
| Long-Term Debt Issued | 5.20M | 500.00K | ||||
| Total Debt Issued | 950.00K | 2.85M | 5.20M | 500.00K | ||
| Short-Term Debt Repaid | -3.80M | -50.00K | -500.00K | |||
| Long-Term Debt Repaid | -1.91M | |||||
| Total Debt Repaid | -5.71M | -50.00K | -500.00K | |||
| Net Debt Issued (Repaid) | -4.76M | 2.80M | 4.70M | 500.00K | ||
| Issuance of Common Stock | 54.30M | 32.96M | 20.96M | |||
| Other Financing Activities | 1.00K | 1.00K | -62.00K | -2.08M | ||
| Financing Cash Flow | 54.30M | 32.96M | 16.14M | 721.00K | 4.70M | 500.00K |
| Net Cash Flow | -273.00K | -517.00K | 3.83M | -1.31M | 377.00K | 59.00K |
| Free Cash Flow | -24.19M | -23.54M | -11.76M | -1.61M | -3.86M | -138.00K |
| Free Cash Flow Margin | -179.29% | -188.21% | -131.41% | -18.63% | -43.69% | -2.23% |
| Free Cash Flow Per Share | -0.24 | -0.53 | -0.55 | -0.12 | -0.33 | -0.01 |
| Levered Free Cash Flow | -8.28M | -7.56M | -3.63M | 375.25K | -2.61M | |
| Unlevered Free Cash Flow | -8.27M | -7.56M | -3.59M | 563.00K | -2.48M | |
| Cash Interest Paid | 62.00K | 355.00K | ||||
| Change in Working Capital | -19.82M | -17.55M | -4.40M | 2.78M | 818.00K | 854.00K |
Ratios
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 102.73M | 31.63M | 12.04M | |||
| Enterprise Value | 72.08M | 29.01M | 9.65M | |||
| Last Close Price | 0.57 | 0.26 | 0.46 | |||
| PS Ratio | 9.85 | 3.25 | 1.84 | |||
| PB Ratio | 2.43 | 1.27 | 4.25 | |||
| P/TBV Ratio | 2.63 | 1.31 | 5.09 | |||
| EV/Sales Ratio | 6.91 | 2.98 | 1.47 | |||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.04 | -0.70 | -1.02 | -3.21 |
| Net Debt / Equity Ratio | -0.77 | -0.76 | -1.45 | -0.44 | -0.36 | 15.05 |
| Net Debt / EBITDA Ratio | 1.55 | 1.44 | 0.31 | -0.29 | -0.38 | 1.82 |
| Net Debt / FCF Ratio | 1.64 | 1.03 | 0.48 | -2.04 | -0.47 | 17.01 |
| Asset Turnover | 0.42 | 0.53 | 1.25 | 1.82 | 2.20 | |
| Quick Ratio | 9.57 | 5.61 | 1.18 | 0.18 | 0.87 | 0.86 |
| Current Ratio | 9.60 | 5.63 | 1.60 | 0.35 | 0.89 | 0.86 |
| Return on Equity (ROE) | -96.77% | -97.34% | ||||
| Return on Assets (ROA) | -50.80% | -45.99% | -163.69% | -155.57% | -78.79% | |
| Return on Capital Employed (ROCE) | -50.80% | -54.50% | -472.40% | 160.30% | -5,316.80% | 1,001.30% |
| Earnings Yield | -34.87% | -43.50% | -113.46% | |||
| FCF Yield | -18.42% | -57.86% | -71.55% | |||
| Buyback Yield / Dilution | -283.39% | -110.72% | -63.45% | -11.15% |