Grab Holdings Limited

GRAB Technology Software Application

Grab Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 20.5% from fiscal 2024.

Revenue
+27.4%
EPS
−56.0%
Free cash flow
+108.4%
Total debt
−3.14%

Quarter to September 2026, against a year earlier

3.48 0.12 +3.57%
Market cap
$14.2B
P/E
25.9×
Fwd P/E
19.3×
Dividend yield
—
F-score
5/9
Altman Z
0.95
Beneish M
−2.02
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 30.74
Sold, $m 11.75
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 2 — —
Sell — — — 1 4 5 5 4 4 4 3 1
Insider Ownership 32.13%

Capital & Financial Ratios $m

Size
Market Cap 14,160.00
Revenue ttm 3,969.00
Net income ttm 523.00
Free cash flow ttm (2.00)
Net debt Q (3,588.00)
Valuation
P/E 25.89
Forward P/E 19.30
Price / sales 3.58
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.96
Financial health
Current ratio Q 1.38
Debt / equity Q 0.29 (at or below 0.5: strong)
Interest coverage Q 3.60
Growth
Revenue growth Q +27.38% (above 0%: growing)
Operating income growth Q +300.00% (above 0%: growing)
EPS, this year +110.47% (at or above 15%: strong)
EPS, next year A +24.58% (at or above 15%: strong)
Revenue, next year A −11.28% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +55.24% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 5.18%
10-year low 10-year high
P/B against its own 10 years 31.77%
10-year low 10-year high
EV/Sales against its own 10 years 5.28%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5,043 5,629 6,804 5,658
Receivables 468 637 1,000 1,956
Inventory 49 59 87 92
Other — — — —
5,768 6,566 8,080 7,945
2023 2024 2025 Q'26
Payables 925 1,169 1,256 1,325
ST’ Debt 125 123 1,680 1,618
Other 413 1,266 1,654 2,733
1,478 2,592 4,627 5,739

Compound Annual Growth %

10y 5y 3y
Sales — 48.35% 32.98%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.50%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.06 0.00 — —
’25 0.01 0.01 0.01 0.04 0.06
’24 (0.03) (0.01) 0.01 0.01 (0.03)
’23 (0.06) (0.03) (0.02) 0.01 (0.11)
’22 (0.11) (0.15) (0.08) (0.10) (0.44)
’21 (3.18) (3.01) (3.73) 3.34 (6.58)
’20 — 2.75 0.00 (2.10) (15.15)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 955 997 1,112 — —
’25 773 819 873 905 3,370
’24 653 664 716 764 2,797
’23 525 567 615 652 2,359
’22 228 321 382 502 1,433
’21 216 179 157 123 675
’20 — — — — 469
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (59) 56 55 — —
’25 73 63 (126) 69 79
’24 (11) 272 338 253 852
’23 (158) (49) 319 (26) 86
’22 (446) (259) (69) (24) (798)
’21 (151) (152) (270) (381) (954)
’20 — 0 — 0 (643)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (69) 31 13 — —
’25 51 52 (154) 23 (28)
’24 (21) 256 313 217 765
’23 (164) (68) 302 (48) 22
’22 (456) (271) (83) (50) (860)
’21 (153) (155) (285) (421) (1,014)
’20 — 0 — 0 (620)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — (845) 469 675 1,433 2,359 2,797 3,370 3,969 n/m 2,990 3,732 4,460 +9.8%
Gross margin, % — — — 256.21 (105.33) (58.52) 5.37 36.46 41.97 43.20 44.39 (213.0) pt
EBT — — — (3,981) (2,743) (3,552) (1,734) (466) (95) 269 524 n/m
EBT margin, % — — — 471.12 (584.86) (526.22) (121.00) (19.75) (3.40) 7.98 13.20 (463.1) pt
Net income — 0 — (3,981) (2,743) (3,552) (1,734) (466) (95) 269 523 n/m
Per share, $
Per share, $ Revenue — — — (5.48) 2.59 1.25 0.38 0.61 0.70 0.82 0.97 n/m
Earnings — — — (25.87) (15.15) (6.58) (0.44) (0.11) (0.03) 0.07 0.13 n/m
Cash flow — — — (13.70) (3.55) (1.77) (0.21) 0.02 0.21 0.02 0.03 n/m
Capex — — — (0.87) 0.13 (0.11) (0.02) (0.02) (0.02) (0.03) (0.03) (44.3%)
Free cash flow — — — (14.57) (3.42) (1.88) (0.23) 0.01 0.19 (0.01) 0.00 (72.1%)
Book value — — — 0.00 (34.74) 14.85 1.75 1.66 1.59 1.65 1.78 n/m
Shares, m — — — 154 181 540 3,814 3,895 3,995 4,092 4,088 +72.7%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 71.29 25.89 10.2
P/S — — — 0.00 0.00 5.70 9.21 5.45 6.74 6.06 3.58 4.7
P/B — — — 37,156.25 160.75 0.48 1.98 1.99 2.97 3.02 1.96 5,332.5
EV/Sales — — — 0.00 0.00 (3.27) 6.61 3.65 4.86 4.65 2.67 2.4
EV/FCF — — — 0.00 0.00 2.18 (11.02) 2,150.65 17.77 (559.60) (5,307.67) 228.6
Cash, $m
Cash, $m Operating cash flow — — — (2,112) (643) (954) (798) 86 852 79 121 n/m
Capex — — — (134) 23 (60) (62) (64) (87) (107) (123) (3.7%)
Free cash flow — — — (2,246) (620) (1,014) (860) 22 765 (28) (2) (51.8%)
Balance, $m
Balance, $m Working capital — — — 2,357 2,919 7,649 4,591 4,290 3,974 3,453 2,206 +6.6%
Net debt — — — 5,847 (3,220) (6,056) (3,721) (4,250) (5,265) (4,751) (3,588) n/m
Shareholders’ equity — — — — (6,294) 8,019 6,657 6,468 6,351 6,757 7,255 n/m
Returns, %
Returns, % ROA — — — 0.00 (95.85) (41.50) (16.54) (4.83) (1.16) 2.52 4.59 +2.5 pt
ROIC — — — (32.17) 0.00 (49.51) (29.23) (14.62) (9.67) 2.03 3.43 +34.2 pt
ROE — — — 0.00 49.28 (399.88) (22.94) (6.61) (1.64) 4.09 8.53 +4.1 pt
People
People Employees — — — — — — — — 11,267 12,012 — +6.6%
Revenue/emp, $m — — — 0.00 0.00 0.00 0.00 0.00 0.25 0.28 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Grab Holdings Limited vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FICO Fair Isaac Corporation $15.3B 20.4× 19.2× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79% Compare
MANH Manhattan Associates, Inc. $14.8B 71.0× 68.4× +11.02% (above 0%: growing) +8.25% (above 0%: growing) −22.46% (below 0%: shrinking) 56.93% 26.45% Compare
DOCU Docusign Inc. $14.8B 47.3× 45.2× +9.38% (above 0%: growing) +32.26% (above 0%: growing) +35.89% (above 0%: growing) 79.69% 13.43% Compare
GRAB Grab Holdings Limited $14.2B 25.9× 19.3× +27.38% (above 0%: growing) −56.00% (below 0%: shrinking) +108.44% (above 0%: growing) 46.49% 9.71%
GWRE Guidewire Software, Inc. $13.8B 101× 74.0× +15.29% (above 0%: growing) −38.71% (below 0%: shrinking) +16.42% (above 0%: growing) 65.60% 15.16% Compare
BSY Bentley Systems, Incorporated $13.6B 43.3× 39.1× +12.24% (above 0%: growing) +61.11% (above 0%: growing) −8.34% (below 0%: shrinking) 82.93% 29.09% Compare
DT Dynatrace, Inc. $12.5B 79.3× 70.5× +17.43% (above 0%: growing) +23.84% (above 0%: growing) +29.38% (above 0%: growing) 80.56% 16.49% Compare
PAYC Paycom Software, Inc. $11.1B 23.8× 24.7× +10.24% (above 0%: growing) +52.79% (above 0%: growing) +105.01% (above 0%: growing) 0.00% 36.01% Compare
FIG Figma, Inc. $9.8B — (loss-making) — (loss-making) +42.76% (above 0%: growing) n/m −5.62% (below 0%: shrinking) 80.33% (30.44%) Compare
Median of peers $13.7B 47.3× 45.2× +13.77% +32.26% +22.90% 80.01% 21.47%

All 230 Software Application stocks →

Grab Holdings Limited (GRAB) Latest News

4 Nov

Impact 3 · · The Motley Fool
Impact 3 · · The Motley Fool transcript

2 Nov

Impact 4 · · MarketBeat transcript

GRAB metrics, ten years each

stockrow.com/GRAB · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com