Financials · GRAB

Grab Holdings Limited (GRAB) financials

For fiscal 2025 (ended Dec 31, 2025), Grab Holdings Limited reported $3.37B of revenue and $268.00M of net income.

Revenue, FY2025
$3.37B
Revenue growth, YoY
+20.5%
Net income, FY2025
$268.00M
Net margin
8.0%
Free cash flow, FY2025
-$18.00M
EPS, diluted, FY2025
$0.06
Cash
$3.43B
Total debt
$2.05B
P/E
52.10
P/S
4.14
Market cap
$13.96B
Annual revenue$3.37B
FY2019FY2025
Annual net income$268.00M
FY2019FY2025
Annual free cash flow-$18.00M
FY2022FY2025

GRAB revenue and earnings growth

GRAB revenueFY2025$3.37B

FY YoY
+20.5%
5Y CAGR
+48.4%

GRAB revenue was $3.37B for fiscal 2025 (ended Dec 31, 2025), up 20.5% from fiscal 2024. Compound annual growth was +48.4% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

GRAB net incomeFY2025$268.00M

GRAB net income was $268.00M for fiscal 2025 (ended Dec 31, 2025), compared with -$105.00M in fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

GRAB EPSFY2025$0.06

GRAB diluted EPS was $0.06 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.03 in fiscal 2024.

GRAB free cash flowFY2025-$18.00M

GRAB free cash flow was -$18.00M for fiscal 2025 (ended Dec 31, 2025), compared with $775.00M in fiscal 2024.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Revenue$3.37B$2.80B$2.36B$1.43B$675.00M$469.00M-$845.00M
Cost of revenue$1.91B$1.62B$1.50B$1.36B$1.07B$963.00M$1.32B
Gross profit$1.46B$1.17B$860.00M$77.00M-$395.00M-$494.00M-$2.17B
Research and development$428.00M$410.00M$421.00M$465.00M$356.00M$257.00M$231.00M
Selling, general and admin$459.00M$512.00M$550.00M$646.00M$544.00M$326.00M$304.00M
Operating income$65.00M-$168.00M-$519.00M-$1.37B-$1.55B-$1.30B-$3.01B
Interest expense$71.00M$106.00M$99.00M$166.00M$1.70B$1.45B$1.06B
Pre-tax income$269.00M-$95.00M-$466.00M-$1.73B$3.55B$2.74B-$3.98B
Income tax$69.00M$63.00M$19.00M$6.00M$3.00M$2.00M$7.00M
Net income$268.00M-$105.00M-$434.00M-$1.68B-$3.45B-$2.61B-$3.75B
EPS, basic$0.07-$0.03-$0.11-$0.44-$6.39-$14.39-$24.31
EPS, diluted$0.06-$0.03-$0.11-$0.44-$6.39-$14.39-$24.31
Diluted shares4.21B4.00B3.89B3.81B539.9M181.2M154,126

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Cash and equivalents$3.43B$2.96B$3.14B$1.95B$4.99B$2.17B-
Receivables$240.00M$206.00M$196.00M$187.00M$255.00M$172.00M-
Inventory$87.00M$59.00M$49.00M$48.00M$4.00M$3.00M-
Current assets$8.08B$6.57B$5.77B$5.69B$8.68B$3.75B-
Total assets$11.98B$9.29B$8.79B$9.17B$11.18B$5.44B-
Current liabilities$4.63B$2.59B$1.48B$1.10B$1.03B$836.00M-
Short-term debt$1.68B$123.00M$125.00M$117.00M$144.00M$140.00M-
Long-term debt$373.00M$241.00M$668.00M$1.25B$2.03B$111.00M-
Total debt$2.05B$364.00M$793.00M$1.36B$2.17B$251.00M-
Total liabilities$5.23B$2.94B$2.32B$2.51B$3.16B$11.74B-
Shareholders' equity$6.73B$6.40B$6.47B$6.66B$8.02B-$6.29B-$4.22B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Operating cash flow$79.00M$852.00M$86.00M-$798.00M-$954.00M-$643.00M-$2.11B
Capital expenditures$97.00M$77.00M$71.00M$58.00M---
Free cash flow-$18.00M$775.00M$15.00M-$856.00M---
Investing cash flow-$782.00M-$231.00M$1.87B-$1.06B-$2.76B-$288.00M$393.00M
Financing cash flow$1.09B-$771.00M-$770.00M-$1.12B$6.57B$1.58B$1.95B
Share repurchases$274.00M$226.00M$0$0---
Stock-based compensation$241.00M$279.00M$304.00M$412.00M$357.00M$54.00M$34.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Revenue growth, YoY20.5%18.6%64.6%112.3%43.9%--
Gross margin43.2%42.0%36.5%5.4%-58.5%-105.3%-
Operating margin1.9%-6.0%-22.0%-95.8%-230.4%-276.8%-
Net margin8.0%-3.8%-18.4%-117.4%-511.0%-556.1%-
Free cash flow margin-0.5%27.7%0.6%-59.7%---
Return on equity4.0%-1.6%-6.7%-25.3%-43.0%--
Return on assets2.2%-1.1%-4.9%-18.4%-30.9%-47.9%-
Current ratio1.752.533.905.198.464.49-
Debt to equity0.310.060.120.210.27--

Source: XBRL data Grab Holdings Limited files with the SEC, latest filing dated Mar 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

GRAB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GRAB$3.37B+20.5%$268.00M8.0%$13.96B
V$45.90B+14.8%$23.50B51.2%$755.16B
MA$36.29B+15.3%$16.96B46.7%$568.62B
BABACN¥1.02T+2.7%CN¥103.59B10.1%$265.13B
ACN$74.18B+6.5%$8.37B11.3%$174.20B
UBER$56.53B+13.9%$3.46B6.1%$140.05B
PDDCN¥431.85B+9.7%CN¥97.84B22.7%$118.18B
DASH$17.06B+35.0%$1.06B6.2%$78.33B
MELI$38.52B+47.1%$1.89B4.9%$76.55B

GRAB FAQ

9 questions
  • What is GRAB revenue?
    Grab Holdings Limited (GRAB) reported $3.37B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 20.5% from the year before.
  • Is GRAB profitable?
    Yes. Grab Holdings Limited earned $268.00M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 8.0%.
  • How much cash and debt does GRAB have?
    Grab Holdings Limited reported $3.43B in cash and cash equivalents and $2.05B of debt on its most recent balance sheet in SEC filings.
  • How fast is GRAB revenue growing?
    Grab Holdings Limited's revenue changed +20.5% in fiscal 2025, to $3.37B. Its compound annual growth rate was +48.4% over 5 years.
  • What is GRAB gross margin?
    Grab Holdings Limited's gross profit was $1.46B on $3.37B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 43.2%.
  • What is GRAB free cash flow?
    Grab Holdings Limited generated -$18.00M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $79.00M less capital expenditures.
  • What is GRAB earnings per share?
    Diluted earnings per share were $0.06 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did GRAB last report financial results?
    The latest statements here come from Grab Holdings Limited's 20-F filed on Mar 6, 2026, covering the period ended Dec 31, 2025.
  • Where does this GRAB financial data come from?
    Quantisnow builds these statements from the structured XBRL data Grab Holdings Limited files with the SEC. It is provided for information only and is not investment advice.