Ryde Group Ltd. (RYDE) AI Stock Analysis

Ryde Group Ltd operates in Singapore's mobility and quick commerce sectors. Its Mobility segment offers carpooling and ride-hailing services for urban commuters, aiming to enhance transportation accessibility and promote sustainable travel. The Quick Commerce segment provides real-time on-demand, scheduled, and multi-stop parcel delivery solutions to support e-commerce businesses and consumers. Founded in 2014 and headquartered in Singapore, the company leverages technology to address urban logistics and mobility needs while exploring regional expansion opportunities beyond Singapore.

Between FY2021 and FY2025, Ryde Group's revenue expanded from $6.2M to $12.5M, marking a four-year compound annual growth rate of 19.2%. Annual revenue growth reached 39.7% in FY2025, rebounding from 3.3% in FY2024 and -1.8% in FY2023. Gross margin increased to 25.7% in FY2025 from 23.2% in FY2024. However, profitability remains deeply negative, with FY2025 operating margin at -139.7% and net income of -$17.7M, compared to net income of -$18.6M in FY2024. Over the trailing twelve months ended September 30, 2026, revenue was $13.5M with a profit margin of -194.9%, as quarterly revenue fell 2.2% year-over-year.

As of September 30, 2026, Ryde Group held $2.8M in cash and short-term investments and $19,982 in total debt, resulting in net cash of $2.8M. The company reported a current ratio of 9.60 and a debt-to-equity ratio of 0.00 against $51.4M in shareholders' equity. In FY2025, operating cash flow was -$23.5M and free cash flow was -$24.1M. Capital expenditures for FY2025 totaled $602,000.

With a market capitalization of $118.0M, Ryde Group trades at a price-to-sales multiple of 8.7x and an enterprise-value-to-revenue ratio of 12.7x, compared to a median price-to-sales ratio of 2.8x for US-listed Technology peers. Its price-to-book ratio stands at 5.7x. The stock closed at $0.66 on October 16, 2026, gaining 26.0% over the trailing one-year period, outperforming the S&P 500's return of 16.8%.

Ryde Group has 1 Buy rating and no Hold or Sell recommendations. The single analyst covering the stock has a mean price target of $0.59, representing a 9.8% decline from the last close of $0.66. For the next fiscal year, consensus estimates project revenue of $13.1M, representing 10.4% growth, and an EPS estimate of -$0.07, representing an EPS growth estimate of 41.7%.

This page is an AI-written research summary of Ryde Group Ltd. (RYDE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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