Grab (GRAB)
NASDAQ:GRAB
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Grab
(NASDAQ:GRAB)
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Rating:60Neutral
Price Target:
$4.00
▲(8.70% Upside)
Action:ReiteratedDate:02/14/26
The score is driven primarily by improving fundamentals (return to profitability, healthier margins) and a strong, detailed outlook from management (2026 guidance and multi-year targets, plus buybacks). Offsetting these positives are weak technicals (downtrend across key moving averages with negative MACD), a demanding valuation (high P/E), and ongoing concerns around cash-flow consistency and rising debt.
Positive Factors
Profitability turnaround & margin recovery
Grab’s move to full‑year profitability and a ~43% gross margin is a durable fundamental shift: it demonstrates the business can convert scale into operating profits and sustain investments without continual equity raises. This improves capital allocation optionality and supports reinvestment and buybacks over the next several years.
Negative Factors
Meaningful rise in debt versus 2024
Higher leverage reduces financial flexibility and raises refinancing and interest‑rate sensitivity. If top‑line growth or Financial Services credit performance falters, elevated debt constrains strategic optionality, increases funding costs, and could force tradeoffs between growth investment and shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround & margin recovery
Grab’s move to full‑year profitability and a ~43% gross margin is a durable fundamental shift: it demonstrates the business can convert scale into operating profits and sustain investments without continual equity raises. This improves capital allocation optionality and supports reinvestment and buybacks over the next several years.
Read all positive factors
Grab (GRAB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.09B
Dividend YieldN/A
Average Volume (3M)43.89M
Price to Earnings (P/E)76.2
Beta (1Y)1.42
Revenue Growth20.22%
EPS GrowthN/A
CountryUS
Employees11,267
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.04
Shares Outstanding3,972,726,000
10 Day Avg. Volume50,773,938
30 Day Avg. Volume43,892,440
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)3.04
Price to Sales (P/S)6.06
P/FCF Ratio152.39
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue3.93
Enterprise Value/Gross Profit9.09
Enterprise Value/Ebitda31.45
Forecast
1Y Price Target
$6.60Price Target Upside79.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)0.1
Revenue Forecast (FY)$4.09B
Grab Business Overview & Revenue Model
Company Description
Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vie...
How the Company Makes Money
Grab primarily earns revenue by taking platform fees/commissions and charging service fees across its core segments. In Mobility, Grab facilitates ride-hailing and other transport services and monetizes each transaction through commissions from dr...
Grab Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call highlighted strong and broad‑based operational and financial momentum: double‑digit GMV and revenue growth, record loan book expansion, marked profitability improvement (first full‑year net profit), growing free cash flow, and detailed multi‑year targets (2026 guidance plus 2028 roadmap). Product innovation, AI‑driven operating leverage and Financial Services are presented as the primary engines for future margin expansion. Key risks include dependency on Financial Services execution, regulatory and driver welfare uncertainty in Indonesia, capital intensity of AV/robotics initiatives, and integration/execution risk from the Stash acquisition. Overall, the positives — clear revenue and profitability acceleration, strong cash generation and scalable AI efficiencies — materially outweigh the challenges and risks discussed.Positive Updates
Strong On‑Demand GMV and Transaction Growth
On‑Demand GMV grew 21% year‑over‑year (20% constant currency) in 4Q/2025, with transactions outpacing GMV at 24% YoY, driving top‑line momentum and higher transaction frequency.
Negative Updates
Concentration of Future Margin Improvement on Financial Services
A significant portion of near‑term margin upside is tied to Financial Services scaling (targeting EBITDA breakeven in H2 2026). This makes margin delivery dependent on loan book growth, credit performance and banks' execution.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong On‑Demand GMV and Transaction Growth
On‑Demand GMV grew 21% year‑over‑year (20% constant currency) in 4Q/2025, with transactions outpacing GMV at 24% YoY, driving top‑line momentum and higher transaction frequency.
Read all positive updates
Company Guidance
Management guided 2026 group revenue to grow 20–22% to $4.04–$4.10 billion and adjusted EBITDA to rise 40–44% to $700–$720 million, and outlined a 2025–2028 roadmap targeting a 20% revenue CAGR, adjusted EBITDA tripling to $1.5 billion by 2028, and adjusted free cash flow conversion expanding from 58% in 2025 to 80% (generating >$1.2 billion in adjusted FCF by 2028). They pointed to 2025 momentum underpinning the guide: On‑Demand GMV +21% YoY (transactions +24%), Q4 revenue $906M (+19% YoY; +17% cc), Q4 adjusted EBITDA $148M and full‑year adjusted EBITDA $500M (+60% YoY), adjusted FCF $76M in Q4 and $290M for FY2025, first full year of net profit, MTUs >50M (MTUs +15% YoY) and ATUs 129M (37% MTU/ATU penetration). Financial Services hit a $1.3B gross loan portfolio (net $1.2B) with a >$2B gross loan book goal by end‑2026 and FS breakeven expected H2 2026; Deliveries merchants +9% YoY with merchant earnings +11%; GrabMart users +30% YoY (GrabMart ≈10% of Deliveries GMV); >90% of Mobility rides AI‑dispatched; >97% of merchant listings available in English/Chinese; and management announced a new $500M share buyback (bringing total committed repurchases to $1B) and the Stash acquisition (targeting >$60M adjusted EBITDA by 2028).Grab Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
66
Positive
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.37B | 2.80B | 2.36B | 1.43B | 675.00M |
| Gross Profit | 1.46B | 1.17B | 860.00M | 77.00M | -395.00M |
| EBITDA | 379.00M | 93.00M | -222.00M | -1.42B | -1.51B |
| Net Income | 268.00M | -105.00M | -434.00M | -1.68B | -3.45B |
Balance Sheet | |||||
| Total Assets | 11.98B | 9.29B | 8.79B | 9.17B | 11.18B |
| Cash, Cash Equivalents and Short-Term Investments | 6.80B | 5.63B | 5.04B | 5.09B | 8.08B |
| Total Debt | 2.05B | 364.00M | 793.00M | 1.36B | 2.17B |
| Total Liabilities | 5.23B | 2.94B | 2.32B | 2.51B | 3.16B |
| Stockholders Equity | 6.73B | 6.40B | 6.45B | 6.60B | 7.73B |
Cash Flow | |||||
| Free Cash Flow | 134.00M | 775.00M | 15.00M | -856.00M | -1.03B |
| Operating Cash Flow | 231.00M | 852.00M | 86.00M | -798.00M | -954.00M |
| Investing Cash Flow | -964.00M | -231.00M | 1.87B | -1.06B | -2.76B |
| Financing Cash Flow | 1.13B | -771.00M | -770.00M | -1.12B | 6.57B |
Grab Technical Analysis
Neutral
3.68
Price Trends
3.98
Negative
4.49
Negative
4.98
Negative
Market Momentum
-0.11
Negative
44.75
Neutral
40.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRAB, the sentiment is Neutral. The current price of 3.68 is above the 20-day moving average (MA) of 3.67, below the 50-day MA of 3.98, and below the 200-day MA of 4.98, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 44.75 is Neutral, neither overbought nor oversold. The STOCH value of 40.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GRAB.
Grab Risk Analysis
Grab disclosed 72 risk factors in its most recent earnings report. Grab reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Grab Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $147.79B | 16.95 | 40.31% | ― | 18.25% | 277.10% | |
72 Outperform | $14.96B | 60.43 | 17.93% | ― | 25.76% | ― | |
72 Outperform | $9.44B | 26.30 | 14.36% | ― | 10.16% | 18.29% | |
66 Neutral | $66.28B | 103.44 | 10.15% | ― | 24.46% | ― | |
64 Neutral | $5.26B | 2.80 | 209.99% | ― | 14.90% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $15.09B | 76.19 | 4.10% | ― | 20.22% | ― |
* Technology Sector Average
GRAB
Grab
3.68
-0.37
-9.14%
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Grab Corporate Events
Grab Commits Up to $400 Million to Share Buybacks Under New Program
Mar 24, 2026
On March 24, 2026, Grab Holdings Limited announced that it will execute up to $400 million of its previously approved $500 million share repurchase program over the next four months through an accelerated share repurchase with JPMorgan and a conti...
Grab to Launch Up to $400 Million Share Buyback Execution in 2026
Mar 24, 2026
Grab Holdings Limited, the Southeast Asia super-app operator listed on Nasdaq, said in a March 24, 2026 filing that it will deploy existing cash to repurchase its Class A ordinary shares under a previously authorized $500 million buyback program. ...
Grab Shareholders Approve Governance Overhaul Doubling Class B Voting Power
Mar 24, 2026
On March 24, 2026, Grab Holdings Limited shareholders approved a special resolution at an extraordinary general meeting in Singapore to replace the company’s Second Amended and Restated Memorandum and Articles of Association with a Third Ame...
Grab to Buy foodpanda Taiwan for $600 Million in First Expansion Beyond Southeast Asia
Mar 23, 2026
On March 23, 2026, Grab announced an agreement to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million in cash on a cash-free, debt-free basis, with closing subject to regulatory approvals and expected in the second...
Grab to Buy foodpanda Taiwan for $600 Million, Expanding Delivery Footprint
Mar 23, 2026
Grab Holdings Limited has agreed to acquire Delivery Hero SE’s foodpanda delivery business in Taiwan for $600 million in cash, on a cash‑free, debt‑free basis, according to a Form 6‑K filed on March 23, 2026. The deal, whic...
Grab Calls March EGM to Reshape Voting Structure and Board Line-Up
Feb 20, 2026
Grab Holdings Limited has called an extraordinary general meeting (EGM) of shareholders to be held virtually on March 24, 2026, to vote on a special resolution to replace its Second Amended and Restated Memorandum and Articles of Association with ...
Grab posts first full-year net profit and unveils $500 million buyback after record 2025
Feb 11, 2026
Grab Holdings Limited reported unaudited financial results on February 12, 2026 for the fourth quarter and full year ended December 31, 2025, highlighting its first full year of net profit and a record quarter in revenue and user growth. Fourth-qu...
Grab Posts First Full-Year Net Profit in 2025 and Launches $500 Million Buyback
Feb 11, 2026
Grab Holdings reported its fourth-quarter and full-year 2025 results on February 11, 2026, highlighting its first-ever full-year net profit as revenue rose 19% year-on-year in Q4 to $906 million and 20% for 2025 to $3.37 billion. On-demand GMV cli...
Grab to Acquire U.S. Digital Investing Platform Stash in US$425 Million Deal
Feb 11, 2026
On February 12, 2026, Grab announced it had signed definitive agreements to acquire 100% of Stash Financial, Inc., a U.S. digital financial services firm with over $5 billion in assets under management and more than one million paying subscribers....
Grab to Acquire U.S. Digital Investing Platform Stash in US$425 Million Deal
Feb 11, 2026
Grab Holdings Limited, the Southeast Asian super-app operator, said in a Form 6-K filed on February 11, 2026, that it has signed definitive agreements to acquire 100% of U.S. digital financial services firm Stash Financial, Inc. Grab will pay for ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.