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 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).
RYDE’s core mechanic in FY2024 was operating cash burn covered by fresh financing, not by revenue growth.
From FY2023 to FY2024, operating cash burn widened from-$1.2M to-$8.6M even though sales barely moved, so the operating model consumed much more cash without gaining scale. Liquidity improved for a different reason: a recapitalization lifted the current ratio from 0.4x to 1.6x and turned equity positive, meaning the balance sheet got healthier while the underlying cash economics got weaker.
Capital intensity is low: capital spending was only
With accounts receivable at just
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.
RYDE GROUP LTD has an operating margin of -50.1%, meaning the company retains $-50 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. This is up from -93.0% the prior year.
RYDE GROUP LTD's revenue surged 48.5% year-over-year to $9.7M, reflecting rapid business expansion. This strong growth earns a score of 69/100.
RYDE GROUP LTD carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.63, RYDE GROUP LTD holds $5.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While RYDE GROUP LTD generated -$18.3M in operating cash flow, capex of $3K consumed most of it, leaving -$18.3M 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 generates a -54.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -470.2% the prior year.
RYDE GROUP LTD passes 2 of 9 financial strength tests. 1 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 $1.35 in operating cash flow (-$18.3M OCF vs -$13.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
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.
RYDE GROUP LTD earned $-0.31 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.8% from the prior year.
Cash & Balance Sheet
RYDE GROUP LTD generated -$18.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 112.6% from the prior year.
RYDE GROUP LTD held $3.9M in cash against $0 in long-term debt as of fiscal year 2025.
RYDE GROUP LTD had 109M shares outstanding in fiscal year 2025.
Margins & Returns
RYDE GROUP LTD's gross margin was 4.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
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 net profit margin was -139.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 69.1 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.
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.
RYDE Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
RYDE Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Total Assets | $29.8M+421.8% | $5.7M-14.1% | $6.6M+12.1% | $5.9M+50.5% | $3.9M |
| Current Assets | $27.8M+684.4% | $3.5M-41.0% | $6.0M+11.5% | $5.4M+58.9% | $3.4M |
| Cash & Equivalents | $3.9M+59.1% | $2.4M-39.5% | $4.0M+84.0% | $2.2M+71.0% | $1.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $26K-57.4% | $61K+662.5% | $8K-70.4% | $27K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.9M+25.2% | $3.9M+3.1% | $3.8M+5.3% | $3.6M-62.1% | $9.6M |
| Current Liabilities | $4.9M+25.8% | $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 | N/A |
| Total Equity | $24.8M+1233.3% | $1.9M-36.1% | $2.9M+22.7% | $2.4M+142.6% | -$5.6M |
| Retained Earnings | -$48.4M-24.7% | -$38.8M-19.0% | -$32.6M-12.1% | -$29.1M-48.2% | -$19.6M |
RYDE Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
RYDE Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 5.63+4.7 | 0.90-0.7 | 1.60+0.1 | 1.49+1.1 | 0.35 |
| Debt-to-Equity | 0.20-1.9 | 2.12+0.8 | 1.31-0.2 | 1.53+3.2 | -1.72 |
| FCF Margin | N/A | 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 $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, with a net profit margin of -139.5%.
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 gross margin?
RYDE GROUP LTD (RYDE) had a gross margin of 4.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
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 net profit margin?
RYDE GROUP LTD (RYDE) had a net profit margin of -139.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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) generated -$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) generated -$18.3M in operating cash flow during fiscal year 2025, representing cash generated from 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 Piotroski F-Score?
RYDE GROUP LTD (RYDE) has a Piotroski F-Score of 2 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 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) has an earnings quality ratio of 1.35x, 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.
How financially healthy is RYDE GROUP LTD?
RYDE GROUP LTD (RYDE) scores 45 out of 100 on our Financial Profile, indicating moderate 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.