Ryde Group Ltd. (RYDE) Income Statement
RYDE 2025 at a glance
Fiscal year ended December 31, 2025 · Singapore dollarsRYDE revenue and net income
Where RYDE's revenue goes
2025Each bar shows an amount and its share of revenue. RYDE kept −141.5% of revenue as net income.
RYDE profit margins
RYDE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +39.7% | +12.3% | — | — |
| Gross profit | +54.7% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RYDE income statement in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | S$12.5M | S$8.9M | S$8.7M | S$8.8M | S$6.2M |
| Cost of revenue | S$9.3M | S$6.9M | S$6.8M | S$7.2M | S$4.4M |
| Gross profit | S$3.2M | S$2.1M | S$1.9M | −S$765,778 | S$170,405 |
| Sales, general & admin | S$16.1M | S$15.0M | S$12.0M | S$2.7M | S$722,000 |
| Total operating expenses | S$20.7M | S$20.7M | S$13.6M | S$2.8M | S$1.3M |
| Operating income | −S$17.5M | −S$18.6M | −S$11.8M | −S$3.0M | S$172,000 |
| Interest expense | S$5,000 | S$77,000 | S$446,000 | S$198,000 | S$118,000 |
| Income before taxes | −S$17.5M | −S$18.7M | −S$12.9M | −S$5.0M | −S$1.2M |
| Income taxes | −S$32,000 | — | −S$31,265 | −S$26,826 | −S$6,693 |
| Net income | −S$17.7M | −S$18.6M | −S$12.8M | −S$4.9M | −S$1.2M |
| EBITDA | −S$16.9M | −S$18.0M | −S$12.0M | −S$4.8M | −S$1.3M |
| Gross margin | 25.7% | 23.2% | 21.4% | −8.7% | 2.8% |
| Operating margin | −139.7% | −207.8% | −135.7% | −34.2% | 2.8% |
| Net margin | −141.5% | −208.4% | −148.0% | −55.8% | −19.9% |
| Sep '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | S$6.8M | S$6.8M | S$2.9M | S$5.7M | S$2.9M | S$2.3M | S$2.3M | S$2.2M | S$2.2M | S$3.4M | S$5.3M | S$5.1M |
| Cost of revenue | S$16.6M | S$5.2M | S$2.1M | S$4.1M | S$2.1M | S$1.9M | S$1.9M | S$1.5M | S$1.5M | S$11.2M | S$4.9M | S$4.7M |
| Gross profit | −S$9.8M | S$1.6M | S$809,000 | S$1.6M | S$809,000 | S$390,500 | S$390,500 | S$649,500 | S$649,500 | −S$7.8M | S$424,436 | S$484,100 |
| Sales, general & admin | — | S$13.1M | S$1.5M | S$3.1M | S$1.5M | S$1.0M | S$1.0M | S$5.6M | S$5.6M | S$3.5M | — | — |
| Total operating expenses | S$3.8M | S$17.6M | S$1.5M | S$3.1M | S$1.5M | S$1.0M | S$1.0M | S$5.6M | S$5.6M | S$504,837 | S$3.7M | S$2.5M |
| Operating income | −S$13.6M | −S$16.0M | −S$737,000 | −S$1.5M | −S$737,000 | −S$612,499 | −S$612,499 | −S$4.9M | −S$4.9M | −S$4.1M | −S$3.3M | −S$2.1M |
| Interest expense | S$1,008 | S$1,550 | — | S$2,266 | S$1,500 | S$1,000 | S$1,000 | S$37,500 | S$37,500 | S$291,871 | S$38,912 | S$75,397 |
| Income before taxes | −S$13.5M | −S$12.6M | −S$2.4M | −S$4.8M | −S$2.4M | −S$2.6M | −S$2.6M | −S$6.8M | −S$6.8M | −S$4.4M | −S$4.1M | −S$2.1M |
| Income taxes | — | — | −S$16,000 | −S$32,000 | S$16,000 | — | −S$352,135 | — | −S$11,769 | −S$8,894 | −S$30,394 | −S$16,428 |
| Net income | −S$13.5M | −S$12.9M | −S$2.4M | −S$4.8M | −S$2.4M | −S$2.6M | −S$2.6M | −S$6.8M | −S$6.8M | −S$4.4M | −S$4.0M | −S$2.1M |
| EBITDA | −S$13.2M | −S$12.3M | −S$2.3M | −S$4.6M | −S$2.3M | −S$2.4M | −S$2.4M | −S$6.6M | −S$6.6M | −S$4.1M | −S$3.8M | −S$1.9M |
| Gross margin | −143.9% | 23.7% | 28.1% | 28.1% | 28.1% | 17.1% | 17.1% | 29.7% | 29.7% | −232.3% | 8.0% | 9.4% |
| Operating margin | −199.7% | −236.8% | −25.6% | −25.6% | −25.6% | −26.8% | −26.8% | −225.9% | −225.9% | −123.0% | −62.2% | −40.2% |
| Net margin | −199.1% | −190.7% | −83.7% | −83.7% | −83.7% | −111.9% | −111.9% | −309.2% | −309.2% | −131.5% | −75.9% | −41.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported in RYDE's financial statements (latest annual report filed April 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RYDE financial results
In fiscal year 2025 (ended December 31, 2025), Ryde reported revenue of S$12.5 million, up 39.7% from the year before. It had a net loss of S$17.7 million, a net profit margin of −141.5%. Figures are in Singapore dollars, the currency of its financial statements.
See the RYDE stock overview for the latest quote and news, or the RYDE chart for price history and technical indicators.
RYDE income statement FAQ
What is Ryde's annual revenue?
Ryde reported total revenue of S$12.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 39.7% from S$8.9 million the previous year.
Is Ryde profitable?
No. Ryde reported a net loss of S$17.7 million in fiscal 2025, a net profit margin of −141.5%; its operating margin was −139.7%.
What is Ryde's gross margin?
Ryde's gross margin was 25.7% in fiscal 2025: for every $100 of revenue, Ryde kept $26 after the direct cost of its products and services.
When does Ryde's fiscal year end?
Ryde's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 24, 2026.