GRAB

MKT CAP:$16B

Grab Holdings Limited

Market Cap

$16B

Technology·Software - Application·🇸🇬 Singapore·NASDAQ

Technology·Software App·🇸🇬·NASDAQ

Stock Price

$4.21-$0.87 (-17.13%)

Apr 17, 2026

Company Details

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, ...

CEO

Ping Yeow Tan

IPO Date

Dec 1, 2020

Website

www.grab.com

Key Metrics TTM

Revenue

$3.0B

+161.3% YoY

Net Income

$38M

EPS (Diluted)

$0.01

Free Cash Flow

$342M

Revenue / Share

$0.68

Gross Margin

41.9%

Operating Margin

-1.9%

Net Margin

1.3%

FCF Margin

11.4%

P/S

5.2x

P/E

408.2x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Mar 6, 2026

$3.4B+20.5%EPS $0.06

Q4 2025

Mar 6, 2026

$906MEPS $0.04

Q1 2025

Mar 30, 2025

$773M+18.4%EPS $0.01

FY 2024

Mar 14, 2025

$2.8B+18.6%EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$196M	-$38M	-$244M
Q4 20	$196M	-$38M	-$244M
Q2 21	$179M	-$87M	-$389M
Q3 21	$157M	-$109M	-$401M
Q3 23	$615M	$240M	-$93M
Q1 24	$653M	$259M	-$75M
Q2 24	$664M	$276M	-$56M
Q1 25	$773M	$324M	-$21M
Q4 25	$906M	$397M	$95M

Valuation

Quarter	P/S	P/E
Q3 20	—	—
Q4 20	—	—
Q2 21	—	—
Q3 21	21.3x	—
Q3 23	13.5x	—
Q1 24	9.7x	—
Q2 24	7.4x	—
Q1 25	5.7x	—
Q4 25	5.2x	408.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$269M	-$278M
Q2 20	-$269M	-$278M
Q3 20	-$53M	-$55M
Q4 20	-$53M	-$55M
Q2 21	-$152M	-$167M
Q3 21	-$273M	-$290M
Q3 23	$322M	$299M
Q1 24	-$11M	-$22M
Q2 24	$272M	$258M
Q1 25	$73M	$57M
Q4 25	$94M	$49M

Capital Expenditures

Quarter	CapEx
Q1 20	$9M
Q2 20	$9M
Q3 20	$2M
Q4 20	$2M
Q2 21	$15M
Q3 21	$17M
Q3 23	$23M
Q1 24	$11M
Q2 24	$14M
Q1 25	$16M
Q4 25	$45M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+214.6%	+61.1%
Q1 24	+234.0%	+65.6%
Q2 24	+270.9%	+26.8%
Q1 25	+392.4%	+42.3%
Q4 25	+47.3%	+14.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$13M	—
Q2 20	$13M	—
Q3 20	$14M	7.2%
Q4 20	$14M	7.2%
Q2 21	$106M	59.2%
Q3 21	$106M	67.5%
Q3 23	$70M	11.4%
Q1 24	$94M	14.4%
Q2 24	$82M	12.3%
Q1 25	$80M	10.3%
Q4 25	$45M	5.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 20	$61M	$66M	$37M
Q4 20	$61M	$97M	$37M
Q2 21	$91M	$154M	$60M
Q3 21	$93M	$152M	$51M
Q3 23	$99M	$131M	$76M
Q1 24	$116M	$127M	$71M
Q2 24	$104M	$130M	$79M
Q1 25	$121M	$113M	$82M
Q4 25	$91M	$107M	$104M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 20	—	-68.8%	—
Q4 20	—	-75.4%	—
Q2 21	—	-141.9%	—
Q3 21	—	-194.3%	—
Q3 23	214.6%	-4.6%	210.0
Q1 24	234.0%	-1.5%	232.5
Q2 24	270.9%	2.1%	273.1
Q1 25	392.4%	8.9%	401.3
Q4 25	47.3%	15.9%	63.2

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3.4B	$4.1B	$7.5B
Q2 22	$2.8B	$4.0B	$6.8B
Q3 22	$2.4B	$4.1B	$6.6B
Q4 22	$2.0B	$3.1B	$5.1B
Q1 23	$2.4B	$2.5B	$4.9B
Q2 23	$2.3B	$2.3B	$4.6B
Q3 23	$3.0B	$1.8B	$4.8B
Q4 23	$3.1B	$1.9B	$5.0B
Q1 24	$2.1B	$1.9B	$4.0B
Q2 24	$2.3B	$2.2B	$4.4B
Q3 24	$2.9B	$2.8B	$5.7B
Q4 24	$3.0B	$2.7B	$5.6B
Q1 25	$2.8B	$3.1B	$5.9B
Q2 25	$3.7B	$3.3B	$7.0B
Q3 25	$3.3B	$3.6B	$6.9B
Q4 25	$3.4B	$3.4B	$6.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	232M	—	—
Q4 20	3.95B	+1602.8%	—
Q2 21	3.95B	0.0%	—
Q3 21	3.95B	0.0%	—
Q3 23	3.91B	-1.0%	+1585.0%
Q1 24	3.94B	+0.7%	-0.4%
Q2 24	3.96B	+0.7%	+0.4%
Q1 25	4.24B	+6.9%	+7.4%
Q4 25	4.43B	+4.4%	+13.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	—	—
Q4 20	—	—
Q2 21	—	—
Q3 21	—	—
Q3 23	$51.5K	12K
Q1 24	$61.6K	11K
Q2 24	$62.6K	11K
Q1 25	$68.6K	11K
Q4 25	$75.4K	12K

Revenue / Employee