Ryde Group Ltd. (RYDE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RYDE SEC filings page.
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).
RYDE’s growth improved operating efficiency, but cash consumption remained heavy and financing—not operations—expanded the balance sheet.
In FY2025, operating cash flow of-$18.3M nearly matched free cash flow of-$18.3M , even as investing activities used$7.7M . That combination indicates the cash shortfall was driven mainly by the business itself rather than routine capital spending, with investing adding a separate drain.
Revenue increased
The balance sheet moved from negative equity in FY2023 to
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.
Ryde Group Ltd. held $3.9M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $18.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Ryde Group Ltd. scores 11/100 among other emerging companies.
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. reported revenue of $9.7M in fiscal year 2025, against $6.6M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Ryde Group Ltd. scores 65/100 among other emerging companies.
Ryde Group Ltd.'s operations used $18.3M of cash in fiscal year 2025, against $8.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Ryde Group Ltd. scores 1/100 among other emerging companies.
Ryde Group Ltd.'s cash, cash equivalents and investments came to $3.9M at the end of fiscal year 2025, against $4.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Ryde Group Ltd. scores 53/100 among other emerging companies.
Ryde Group Ltd. scores 10.93, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($102.7M) 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Ryde Group Ltd. held $3.9M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
RYDE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2410-K | Q2'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|
| Total Assets | $29.8M+348.2% | $5.7M-3.7% | $6.6M+68.8% | $5.9M | $3.9M |
| Current Assets | $27.8M+363.0% | $3.5M-34.2% | $6.0M+77.2% | $5.4M | $3.4M |
| Cash & Equivalents | $3.9M-3.7% | $2.4M+11.3% | $4.0M+214.6% | $2.2M | $1.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $26K+225.0% | $61K+125.9% | $8K | $27K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.9M+29.2% | $3.9M+8.6% | $3.8M-60.1% | $3.6M | $9.6M |
| Current Liabilities | $4.9M+31.4% | $3.9M+8.9% | $3.8M-60.7% | $3.6M | $9.5M |
| Non-Current Liabilities | $0-100.0% | $16K-33.3% | $66K+175.0% | $24K | $24K |
| Total Equity | $24.8M+751.7% | $1.9M-21.6% | $2.9M+152.2% | $2.4M | -$5.6M |
| Retained Earnings | -$48.4M-48.5% | -$38.8M-33.4% | -$32.6M-66.1% | -$29.1M | -$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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
RYDE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ryde Group Ltd. RYDE | FY2025 | $9.7M | -$13.6M | N/A | $102.7M | 22/100 |
| Jet.AI Inc. JTAI | FY2025 | $9.2M | $4.6M | 50.0% | $5.1M | 33/100 |
| EPWK Holdings Ltd. EPWK | FY2025 | $27.8M | -$10.4M | -37.5% | $569K | 13/100 |
| Wellchange Holdings Company Limited WCT | FY2025 | $1.3M | -$7.3M | N/A | $53.3M | 48/100 |
| Infobird Co., Ltd IFBD | FY2025 | $8.7M | -$53.6M | N/A | $6.9M | 54/100 |
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 P/E ratio?
Ryde Group Ltd. (RYDE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $102.7M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ryde Group Ltd.'s price-to-sales ratio?
Ryde Group Ltd. (RYDE) trades at 10.6x sales, its market capitalization divided by revenue of $9.7M revenue, FY2025. The market capitalization is $102.7M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Ryde Group Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Ryde Group Ltd. (RYDE) held $3.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $18.3M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Ryde Group Ltd.'s Altman Z-Score?
Ryde Group Ltd. (RYDE) has an Altman Z-Score of 10.93, 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 22 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.