Grab Holdings Limited (GRAB) Stock Analysis
Technology · Software - Application · NasdaqGS
Grab Holdings Limited (GRAB) posted $3.37B in revenue for fiscal 2025 (up 20.5% year over year), at a 8.0% net margin, and has compounded revenue about 33.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Grab Holdings Limited
Grab Holdings Limited has grown revenue from $1.43B to $3.37B over the last 4 fiscal years, compounding about 33% a year. The most recent year was up 20.5%, so growth has cooled from its longer-run pace.
Net margin sits at 8%, up 11.8 points year over year on a 43.2% gross margin. It carries about $1.82B of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Grab Holdings Limited's SEC filings — descriptive, not advice. Ask the analyst your own question →
Grab Holdings Limited revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.43B | $2.36B | $2.80B | $3.37B |
| Gross profit | $77.00M | $860.00M | $1.17B | $1.46B |
| Net income | $-1.68B | $-434.00M | $-105.00M | $268.00M |
| Net margin | -117.4% | -18.4% | -3.8% | 8.0% |
Source: Grab Holdings Limited SEC filings (10-K).
Grab Holdings Limited: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 56.0% while revenue rose 20.5% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 47.5% versus revenue 20.5% — possible overproduction or softening demand.
- Heavy debt loadTotal debt of $3450M is 43.7× last year's operating cash flow — it would take years of cash flow to clear.
Explore 4 years of Grab Holdings Limited financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Grab Holdings Limited financial history by metric
About Grab Holdings Limited
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers delivery services on its platform, such as GrabFood, a food ordering and delivery booking service; Dine-Out for table reservations; GrabMart, a goods ordering and delivery booking service; GrabAds, an online advertising solution; GrabExpress, a package delivery booking service; Grab for Business platform, a unified management portal for corporate clients. It also provides GrabKios, a network of agents; GrabCar, which enables a private hire driver-partner to register with Grab and accept bookings through its driver-partner application; and GrabTaxi, which enables a taxi driver-partner to register with Grab and accept bookings through the Grab driver-partner application. In addition, the company offers JustGrab, which enables consumers to book a private car or a traditional taxi; GrabBike, a motorcycle ride-hailing offering; three-wheel vehicles for culturally localized modes; carpooling shared mobility options; GrabRentals, which facilitates vehicle rental for its driver-partners; GrabPay, a digital payments solution; and GrabCoins, a loyalty platform. Further, it provides GrabFin for financial services comprising digital and offline lending, PayLater services, white goods financing, receivables factoring, and working capital loans; GrabInsure, aprotection for rides and package deliveries, personal accident insurance, income protection insurance, critical illness insurance, vehicle insurance, and travel insurance; GrabLink, a payment gateway and acquiring service; Digibank Savings Account, a digital banking deposit account. Additionally, the company offers GX Bank debit cards; GXS FlexiCard, a fee-based credit card; and mapping services, autonomous vehicle services, and last-mile delivery infrastructure. Grab Holdings Limited was founded in 2012 and is headquartered in Singapore, Singapore.
Grab Holdings Limited — frequently asked questions
What is Grab Holdings Limited's revenue?
Grab Holdings Limited (GRAB) reported revenue of $3.37B for fiscal year 2025, up 20.5% from the prior year, according to its SEC filings.
Is Grab Holdings Limited profitable?
Yes. GRAB earned net income of $268.00M in fiscal 2025, a net margin of 8.0%.
What is GRAB's P/E ratio?
Grab Holdings Limited trades at a price-to-earnings ratio of about 79.8 based on the latest data in our nightly-refreshed cache.
How fast is Grab Holdings Limited growing?
GRAB's revenue grew at roughly 33.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Grab Holdings Limited have?
As of fiscal year 2025, GRAB carried roughly $1.82B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Grab Holdings Limited's gross margin?
GRAB's gross margin was 43.2% in fiscal 2025 — gross profit of $1.46B on revenue of $3.37B.
What is Grab Holdings Limited's market cap?
Grab Holdings Limited (GRAB) has a market capitalization of about $13.05B, based on the latest data in our nightly-refreshed cache.
When does Grab Holdings Limited's fiscal year end?
GRAB's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Grab Holdings Limited's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.