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Ryde Group Limited Class A
(NYSE MKT:RYDE)
Select Model
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Rating:47Neutral
Price Target:
$0.73
▲(98.38% Upside)
Action:Reiterated
Date:08/01/26
The score is primarily held back by weak financial performance—persistent operating losses and accelerating cash burn outweigh the benefit of a stronger, low-debt balance sheet. Technicals are mixed (above the 20-day but below the 50/100-day averages), and valuation is constrained by negative earnings (negative P/E) with no dividend support.
Positive Factors
Low leverage, strengthened balance sheet
A low-debt capital structure and a materially stronger equity base give Ryde sustained financial flexibility to fund operations or strategic initiatives without heavy interest burdens. This reduces refinancing risk and supports runway despite operating losses, a durable advantage over highly leveraged peers.
Negative Factors
Persistent negative cash flow and accelerating burn
Sustained negative operating and free cash flow means the business requires continual external funding to operate. Over months, accelerating cash burn undermines runway, forces dilutive capital raises or strategic retrenchment, and constrains long-term investment in growth or product development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage, strengthened balance sheet
A low-debt capital structure and a materially stronger equity base give Ryde sustained financial flexibility to fund operations or strategic initiatives without heavy interest burdens. This reduces refinancing risk and supports runway despite operating losses, a durable advantage over highly leveraged peers.
Read all positive factors
Ryde Group Limited Class A (RYDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$123.84M
Dividend YieldN/A
Average Volume (3M)3.73M
Price to Earnings (P/E)―
Beta (1Y)-0.87
Revenue Growth43.04%
EPS Growth59.79%
CountryUS
Employees25
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding150,049,130
10 Day Avg. Volume10,405,046
30 Day Avg. Volume3,726,581
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.29
Price to Sales (P/S)0.73
P/FCF Ratio-0.38
Enterprise Value/Market Cap0.14
Enterprise Value/Revenue1.17
Enterprise Value/Gross Profit4.46
Enterprise Value/Ebitda-0.94
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ryde Group Limited Class A Business Overview & Revenue Model
Company Description
Ryde Group Ltd engages in the provision of mobility and quick commerce solutions in Singapore. The company offers on-demand and scheduled carpooling and ride-hailing services; matching riders to its driver partners; and on-demand, scheduled, and m...
How the Company Makes Money
Ryde generally makes money by taking a fee from trips booked through its platform and by earning platform-related service income. Key revenue streams typically include: (1) commissions or platform service fees: Ryde charges drivers and/or fleet pa...
Ryde Group Limited Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.51M | 8.95M | 8.67M | 8.82M | 6.20M |
| Gross Profit | 3.22M | 2.08M | 1.85M | -765.78K | 170.41K |
| EBITDA | -16.86M | -18.04M | -12.02M | -4.75M | -1.29M |
| Net Income | -17.70M | -18.65M | -12.83M | -4.92M | -1.23M |
Balance Sheet | |||||
| Total Assets | 38.32M | 9.08M | 5.20M | 4.32M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 5.00M | 5.52M | 1.69M | 3.01M | 2.63M |
| Total Debt | 59.00K | 135.00K | 5.20M | 7.44M | 500.00K |
| Total Liabilities | 6.34M | 5.22M | 12.62M | 9.32M | 3.85M |
| Stockholders Equity | 31.84M | 3.97M | -7.34M | -4.96M | -155.00K |
Cash Flow | |||||
| Free Cash Flow | -24.14M | -12.31M | -2.10M | -3.13M | -328.16K |
| Operating Cash Flow | -23.53M | -11.73M | -1.61M | -2.79M | -83.34K |
| Investing Cash Flow | -9.95M | -580.00K | -422.00K | -482.00K | -329.00K |
| Financing Cash Flow | 32.96M | 16.14M | 721.00K | 4.70M | 500.00K |
Ryde Group Limited Class A Technical Analysis
Positive
0.37
Price Trends
0.74
Positive
0.86
Negative
0.63
Positive
Market Momentum
-0.01
Negative
59.20
Neutral
66.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYDE, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.74, and below the 200-day MA of 0.63, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 59.20 is Neutral, neither overbought nor oversold. The STOCH value of 66.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RYDE.
Ryde Group Limited Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $19.55M | 6.75 | 13.20% | 21.57% | -5.47% | -21.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $16.39M | -1.36 | -58.38% | ― | -20.58% | 35.52% | |
47 Neutral | $123.84M | -1.29 | -164.91% | ― | 43.04% | 59.79% | |
47 Neutral | $404.33M | -1.95 | 2114.79% | ― | -1196.43% | 47.02% |
* Technology Sector Average
RYDE
Ryde Group Limited Class A
0.79
0.48
150.79%
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1.02
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3.92
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345.45%
NXPL
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WCT
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0.90
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Ryde Group Limited Class A Corporate Events
Ryde Group Ltd Appoints New CFO Following July 2026 Resignation
Jul 2, 2026
On July 3, 2026, Ryde Group Ltd announced a change in its senior leadership, with Chief Financial Officer Lang Chen Fei resigning from his position for personal reasons. The company stated that his departure did not stem from any disagreement with...
Ryde Group Awards Super-Voting Class B Shares to Founder After Capital-Raising Milestones
Jul 2, 2026
On July 2, 2026, Ryde Group Ltd issued 10,500,000 Class B Ordinary Shares to its founder, chairman and chief executive officer, Terence Zou, as a performance-based award tied to capital-raising milestones achieved in late 2025 and April 2026. Thes...
Ryde Group Awards Class B Shares to CEO, Cementing Voting Control After Capital Raises
May 18, 2026
On May 18, 2026, Ryde Group Ltd reported that it had issued 3,500,000 Class B ordinary shares to its founder, chairman, and chief executive officer, Terence Zou, under a board authorization granted on October 10, 2025. These shares were awarded af...
Ryde Group Regains Full NYSE American Listing Compliance After Two Quarters of Improvement
May 14, 2026
On May 14, 2026, Ryde Group Ltd announced it had received confirmation from NYSE Regulation on May 13, 2026 that it is back in full compliance with all NYSE American continued listing standards. The company resolved a prior deficiency under Sectio...
Ryde Group Posts Strong Q1 2026 Revenue Growth and Narrows Losses
May 6, 2026
On May 6, 2026, Ryde Group Ltd reported unaudited results for the quarter ended March 31, 2026, posting revenue of S$3.77 million, up from S$2.72 million a year earlier on stronger rider and driver-partner engagement. The company also narrowed its...
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.