RYDE GROUP LTD Financials
This page shows RYDE GROUP LTD (RYDE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
RYDE GROUP LTD has an operating margin of -93.0%, meaning the company retains $-93 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
RYDE GROUP LTD's revenue declined 0.3% year-over-year, from $6.6M to $6.6M. This contraction results in a growth score of 28/100.
RYDE GROUP LTD has a moderate D/E ratio of 1.31. This balance of debt and equity financing earns a leverage score of 62/100.
RYDE GROUP LTD's current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.
While RYDE GROUP LTD generated -$8.6M in operating cash flow, capex of $20K consumed most of it, leaving -$8.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
RYDE GROUP LTD passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, RYDE GROUP LTD generates $0.63 in operating cash flow (-$8.6M OCF vs -$13.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
RYDE GROUP LTD earns $-225.7 in operating income for every $1 of interest expense (-$6.1M vs $27K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
RYDE GROUP LTD generated $6.6M in revenue in fiscal year 2024. This represents a decrease of 0.3% from the prior year.
RYDE GROUP LTD's EBITDA was -$5.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
RYDE GROUP LTD generated -$8.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 602.8% from the prior year.
RYDE GROUP LTD reported -$13.7M in net income in fiscal year 2024. This represents a decrease of 40.6% from the prior year.
RYDE GROUP LTD earned $-0.63 per diluted share (EPS) in fiscal year 2024. This represents an increase of 16.0% from the prior year.
RYDE GROUP LTD held $4.0M in cash against $0 in long-term debt as of fiscal year 2024.
RYDE GROUP LTD's operating margin was -93.0% in fiscal year 2024, reflecting core business profitability.
RYDE GROUP LTD's net profit margin was -208.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 60.6 percentage points from the prior year.
RYDE GROUP LTD invested $20K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 900.0% from the prior year.
RYDE Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
RYDE Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $5.7M-14.1% | $6.6M+12.1% | $5.9M+50.5% | $3.9M |
| Current Assets | $3.5M-41.0% | $6.0M+11.5% | $5.4M+58.9% | $3.4M |
| Cash & Equivalents | $2.4M-39.5% | $4.0M+84.0% | $2.2M+71.0% | $1.3M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $61K+662.5% | $8K-70.4% | $27K | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.9M+3.1% | $3.8M+5.3% | $3.6M-62.1% | $9.6M |
| Current Liabilities | $3.9M+4.5% | $3.8M+4.2% | $3.6M-62.2% | $9.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $1.9M-36.1% | $2.9M+22.7% | $2.4M+142.6% | -$5.6M |
| Retained Earnings | -$38.8M-19.0% | -$32.6M-12.1% | -$29.1M-48.2% | -$19.6M |
RYDE Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
RYDE Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 0.90-0.7 | 1.60+0.1 | 1.49+1.1 | 0.35 |
| Debt-to-Equity | 2.12+0.8 | 1.31-0.2 | 1.53+3.2 | -1.72 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is RYDE GROUP LTD's annual revenue?
RYDE GROUP LTD (RYDE) reported $6.6M in total revenue for fiscal year 2024. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is RYDE GROUP LTD's revenue growing?
RYDE GROUP LTD (RYDE) revenue declined by 0.3% year-over-year, from $6.6M to $6.6M in fiscal year 2024.
Is RYDE GROUP LTD profitable?
No, RYDE GROUP LTD (RYDE) reported a net income of -$13.7M in fiscal year 2024, with a net profit margin of -208.7%.
What is RYDE GROUP LTD's earnings per share (EPS)?
RYDE GROUP LTD (RYDE) reported diluted earnings per share of $-0.63 for fiscal year 2024. This represents a 16.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is RYDE GROUP LTD's EBITDA?
RYDE GROUP LTD (RYDE) had EBITDA of -$5.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is RYDE GROUP LTD's operating margin?
RYDE GROUP LTD (RYDE) had an operating margin of -93.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is RYDE GROUP LTD's net profit margin?
RYDE GROUP LTD (RYDE) had a net profit margin of -208.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is RYDE GROUP LTD's free cash flow?
RYDE GROUP LTD (RYDE) generated -$8.6M in free cash flow during fiscal year 2024. This represents a -602.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is RYDE GROUP LTD's operating cash flow?
RYDE GROUP LTD (RYDE) generated -$8.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are RYDE GROUP LTD's total assets?
RYDE GROUP LTD (RYDE) had $6.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are RYDE GROUP LTD's capital expenditures?
RYDE GROUP LTD (RYDE) invested $20K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is RYDE GROUP LTD's current ratio?
RYDE GROUP LTD (RYDE) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is RYDE GROUP LTD's debt-to-equity ratio?
RYDE GROUP LTD (RYDE) had a debt-to-equity ratio of 1.31 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is RYDE GROUP LTD's return on assets (ROA)?
RYDE GROUP LTD (RYDE) had a return on assets of -205.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is RYDE GROUP LTD's cash runway?
Based on fiscal year 2024 data, RYDE GROUP LTD (RYDE) had $4.0M in cash against an annual operating cash burn of $8.6M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is RYDE GROUP LTD's Piotroski F-Score?
RYDE GROUP LTD (RYDE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RYDE GROUP LTD's earnings high quality?
RYDE GROUP LTD (RYDE) has an earnings quality ratio of 0.63x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can RYDE GROUP LTD cover its interest payments?
RYDE GROUP LTD (RYDE) has an interest coverage ratio of -225.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is RYDE GROUP LTD?
RYDE GROUP LTD (RYDE) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.