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MARKETS / NASDAQ / GRAB
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Grab Holdings Ltd. GRAB

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.4B
▲ 20.5% YoY
$268.0M
$-18.0M
▼ 102.3% YoY
In brief

What this company does

Grab Holdings Limited operates primarily across the deliveries, mobility and digital financial services sectors in over 900 cities across eight countries in Southeast Asia: Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. As of December 31, 2025, the company leased office facilities around the world totaling over 110,546 square meters. The company had over 47 million monthly transacting users in 2025. The company's deliveries, mobility and financial services segments accounted for 53.4%, 36.2% and 10.3%, respectively, of its revenue for the year ended December 31, 2025. The deliveries segment connects driver- and merchant-partners with consumers, facilitating on-demand and scheduled delivery of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point package delivery. As part of its financial services offerings, the company also provides digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was first incorporated in July 2011 as MyTeksi Sdn. Bhd., a Malaysian private limited company, and launched its mobility business in June 2012 in Malaysia with its taxi-hailing booking service MyTeksi.

Written from the business description in Grab Holdings Ltd's annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth
USD 3.4B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.4 · Net income 0.3
2B-2B2019202020212022202320242025
Compound annual growth
+33.0%
+48.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +48.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.9% · Net 5.9%
200%400%-200%-400%2019202020212022202320242025
ROE
FY2025 · ROE 4.1%
-200%-400%2019202020212022202320242025

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 274.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.0
0.4B-0.8B-1.6B2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 274.0
100M200M2022202320242025

USD 274.0M in buybacks — 102% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 12.0B
EquityUSD 6.7B
CashUSD 3.4B
Gross debtUSD 2.1B
Net debtUSD -1.4B
Current ratio1.75×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B3.42.82.41.40.70.5−0.8
Operating income $B0.1−0.2−0.5−1.4−1.6−1.3−3.0
EBITDA $B0.2−0.0−0.4−1.2−1.2−0.9−2.4
Income tax $B0.10.10.00.00.00.00.0
Net income $B0.3−0.1−0.4−1.7−3.4−2.6−3.7
Free cash flow $B−0.00.80.0−0.9−1.0−0.7−2.2
EPS, diluted $0.06−0.03−0.11−0.44−6.39−14.39−24.31
Dividend / sh $·······
Payout %·······
ROE %4.1−1.6−6.7−23.5−517.1··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inoutside the United States — SEC code U0
Fiscal year endsDecember 31
Data on record since2019

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