RYDE GROUP LTD Financials
RYDE GROUP LTD (RYDE) reported $9.7M in revenue for fiscal year 2025, up 48.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
External financing is carrying a faster-growing but still cash-hungry business, with operating improvement not yet translating into cash self-funding.
Between FY2024 and FY2025, revenue rose48.5% and operating margin improved from-93.0% to-50.1% , yet operating cash flow worsened from-$8.6M to-$18.3M . That mix says the company became less loss-heavy on paper per dollar of sales, but far more cash consumptive in practice, so operating progress is not yet paying its own bills.
The balance sheet is much less strained than in FY2023: equity moved from
This is an asset-light business in fixed-asset terms, because FY2025 capex was only
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of RYDE GROUP LTD's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for RYDE GROUP LTD, and counted as zero in the overall score.
Not available for RYDE GROUP LTD, and counted as zero in the overall score.
RYDE GROUP LTD scores 15.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($142.0M) relative to total liabilities ($4.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
RYDE GROUP LTD passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
RYDE GROUP LTD reported a net loss of $13.6M while operations used $18.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
RYDE GROUP LTD generated $9.7M in revenue in fiscal year 2025. This represents an increase of 48.5% from the prior year.
RYDE GROUP LTD's EBITDA was -$4.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.7% from the prior year.
RYDE GROUP LTD reported -$13.6M in net income in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Cash & Balance Sheet
RYDE GROUP LTD recorded an outflow of $18.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 112.6% from the prior year.
RYDE GROUP LTD held $3.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
RYDE GROUP LTD's operating margin was -50.1% in fiscal year 2025, reflecting core business profitability. This is up 43.0 percentage points from the prior year.
RYDE GROUP LTD's ROE was -54.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 415.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
RYDE GROUP LTD invested $3K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 85.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
RYDE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | $9.7M+48.5% | $6.6M-0.3% | $6.6M |
| Operating Income | -$4.9M+20.1% | -$6.1M | N/A |
| Interest Expense | N/A | $27K-79.2% | $130K |
| Income Tax | -$25K | N/A | N/A |
| Net Income | -$13.6M+0.7% | -$13.7M-40.6% | -$9.7M |
| EPS (Diluted) | -$0.31 | -$0.63 | -$0.75 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
RYDE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $29.8M+348.2% | $6.6M+68.8% | $3.9M |
| Current Assets | $27.8M+363.0% | $6.0M+77.2% | $3.4M |
| Cash & Equivalents | $3.9M-3.7% | $4.0M+214.6% | $1.3M |
| Accounts Receivable | $26K+225.0% | $8K | N/A |
| Total Liabilities | $4.9M+29.2% | $3.8M-60.1% | $9.6M |
| Current Liabilities | $4.9M+31.4% | $3.8M-60.7% | $9.5M |
| Total Equity | $24.8M+751.7% | $2.9M+152.2% | -$5.6M |
| Retained Earnings | -$48.4M-48.5% | -$32.6M-66.1% | -$19.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
RYDE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | -$18.3M-113.1% | -$8.6M-602.3% | -$1.2M |
| Capital Expenditures | $3K-85.0% | $20K+900.0% | $2K |
| Free Cash Flow | -$18.3M-112.6% | -$8.6M-602.8% | -$1.2M |
| Investing Cash Flow | -$7.7M-1724.1% | -$424K-32.9% | -$319K |
| Financing Cash Flow | $25.6M+117.0% | $11.8M+2059.6% | $547K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RYDE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Margin | -50.1%+43.0pp | -93.0% | N/A |
| Net Margin | -139.5% | -208.7% | -148.0% |
| Return on Equity | -54.8%+415.4pp | -470.2% | N/A |
| Return on Assets | -45.5%+160.0pp | -205.6%+41.3pp | -246.8% |
| Current Ratio | 5.63+4.0x | 1.60+1.2x | 0.35 |
| Debt-to-Equity | 0.20-1.1x | 1.31 | N/A |
| FCF Margin | -188.2% | -131.4% | -18.6% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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Where RYDE GROUP LTD Ranks
Frequently Asked Questions
What is RYDE GROUP LTD's annual revenue?
RYDE GROUP LTD (RYDE) reported $9.7M in total revenue for fiscal year 2025. This represents a 48.5% 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 grew by 48.5% year-over-year, from $6.6M to $9.7M in fiscal year 2025.
Is RYDE GROUP LTD profitable?
No, RYDE GROUP LTD (RYDE) reported a net income of -$13.6M in fiscal year 2025.
What is RYDE GROUP LTD's EBITDA?
RYDE GROUP LTD (RYDE) had EBITDA of -$4.4M in fiscal year 2025, 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 -50.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is RYDE GROUP LTD's return on equity (ROE)?
RYDE GROUP LTD (RYDE) has a return on equity of -54.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is RYDE GROUP LTD's free cash flow?
RYDE GROUP LTD (RYDE) recorded an outflow of $18.3M in free cash flow during fiscal year 2025. This represents a -112.6% 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) recorded an outflow of $18.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are RYDE GROUP LTD's total assets?
RYDE GROUP LTD (RYDE) had $29.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are RYDE GROUP LTD's capital expenditures?
RYDE GROUP LTD (RYDE) invested $3K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is RYDE GROUP LTD's current ratio?
RYDE GROUP LTD (RYDE) had a current ratio of 5.63 as of fiscal year 2025, 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 0.20 as of fiscal year 2025, 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 -45.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is RYDE GROUP LTD's cash runway?
Based on fiscal year 2025 data, RYDE GROUP LTD (RYDE) had $3.9M in cash against an annual operating cash burn of $18.3M. This gives an estimated cash runway of approximately 3 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 Altman Z-Score?
RYDE GROUP LTD (RYDE) has an Altman Z-Score of 15.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is RYDE GROUP LTD's Piotroski F-Score?
RYDE GROUP LTD (RYDE) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $13.6M while operations used $18.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
How financially healthy is RYDE GROUP LTD?
RYDE GROUP LTD (RYDE) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.