Ryde Group Limited Class A (RYDE)
XASE:RYDE
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Ryde Group Limited Class A
(NYSE MKT:RYDE)
Select Model
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Rating:38Underperform
Price Target:
$0.29
▼(-20.81% Downside)
Action:DowngradedDate:12/20/25
Ryde Group Limited Class A is currently facing significant financial and operational challenges. The most impactful factor is the company's weak financial performance, characterized by negative profitability and high leverage. Technical analysis further supports a bearish outlook with indicators pointing to a downtrend. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield, making the stock less attractive for investors.
Positive Factors
Revenue Growth Trend
Ryde's ~34.5% reported revenue growth signals sustained top-line momentum across ride‑sharing and fleet services. Durable revenue expansion supports scaling unit economics, improves leverage on fixed costs, and provides runway to invest in product and market development over the next several quarters.
Negative Factors
High Leverage and Balance Sheet Risk
Elevated leverage and historically negative equity constrain financial flexibility, raising refinancing and covenant risk. Over months this limits ability to fund growth organically, increases interest burden, and makes the company more vulnerable to market shocks or slower revenue converts into persistent solvency pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Ryde's ~34.5% reported revenue growth signals sustained top-line momentum across ride‑sharing and fleet services. Durable revenue expansion supports scaling unit economics, improves leverage on fixed costs, and provides runway to invest in product and market development over the next several quarters.
Read all positive factors
Ryde Group Limited Class A (RYDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$125.29M
Dividend YieldN/A
Average Volume (3M)3.73M
Price to Earnings (P/E)―
Beta (1Y)-1.77
Revenue Growth34.50%
EPS Growth70.55%
CountryUS
Employees30
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding108,964,650
10 Day Avg. Volume10,405,046
30 Day Avg. Volume3,726,581
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.36
Price to Sales (P/S)1.49
P/FCF Ratio-1.08
Enterprise Value/Market Cap0.26
Enterprise Value/Revenue2.43
Enterprise Value/Gross Profit9.98
Enterprise Value/Ebitda-2.72
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 Limited Class A (RYDE) is a diversified technology and service company specializing in innovative solutions across multiple sectors, including transportation, logistics, and mobile applications. The company focuses on enhancing user exp...
How the Company Makes Money
Ryde Group Limited generates revenue primarily through its ride-sharing platform, where it takes a commission from each ride booked through its app. Additionally, the company earns income from its fleet management services by charging businesses f...
Ryde Group Limited Class A Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.20M | 8.95M | 8.67M | 8.82M | 6.20M |
| Gross Profit | 3.21M | 2.08M | 1.85M | -765.78K | 170.41K |
| EBITDA | -11.76M | -18.04M | -12.02M | -4.75M | -1.29M |
| Net Income | -12.34M | -18.65M | -12.83M | -4.92M | -1.23M |
Balance Sheet | |||||
| Total Assets | 7.26M | 9.08M | 5.20M | 3.22M | 2.74M |
| Cash, Cash Equivalents and Short-Term Investments | 3.32M | 5.52M | 1.69M | 2.24M | 2.85M |
| Total Debt | 97.00K | 135.00K | 5.20M | 5.55M | 500.00K |
| Total Liabilities | 5.01M | 5.22M | 12.62M | 8.96M | 4.77M |
| Stockholders Equity | 2.36M | 3.97M | -5.57M | -4.96M | -155.00K |
Cash Flow | |||||
| Free Cash Flow | -5.40M | -12.31M | -2.10M | -3.13M | -328.16K |
| Operating Cash Flow | -5.37M | -11.73M | -1.61M | -2.79M | -83.34K |
| Investing Cash Flow | -771.50K | -580.00K | -422.00K | -482.00K | -329.00K |
| Financing Cash Flow | 5.07M | 16.14M | 721.00K | 4.70M | 500.00K |
Ryde Group Limited Class A Technical Analysis
Positive
0.37
Price Trends
0.45
Positive
0.42
Positive
0.40
Positive
Market Momentum
0.08
Negative
76.76
Negative
98.50
Negative
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 0.62, below the 50-day MA of 0.45, and below the 200-day MA of 0.40, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 76.76 is Negative, neither overbought nor oversold. The STOCH value of 98.50 is Negative, 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 | $22.21M | 9.04 | 12.73% | 18.97% | -9.54% | -40.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | $557.69M | -3.27 | -3221.58% | ― | ― | ― | |
46 Neutral | $5.40M | -0.35 | -302.82% | ― | 4.65% | 55.05% | |
45 Neutral | $13.03M | -1.19 | -37.97% | ― | -14.03% | 52.39% | |
38 Underperform | $125.29M | -0.54 | -389.42% | ― | 34.50% | 70.55% |
* Technology Sector Average
RYDE
Ryde Group Limited Class A
1.03
0.82
390.48%
MNDO
MIND CTI
1.09
-0.60
-35.50%
MTC
MMTec
5.60
4.80
600.00%
NXPL
NextPlat
0.48
-0.20
-28.80%
SOPA
Society Pass
0.42
-0.32
-43.38%
WCT
Wellchange Holdings Company Limited
2.73
-10.13
-78.77%
Ryde Group Limited Class A Corporate Events
Ryde Group Ltd Expands into EV Rental Market with Strategic Partnerships
Dec 10, 2025
On December 10, 2025, Ryde Group Ltd announced a strategic expansion into the electric vehicle (EV) rental market, marking a significant step in its sustainable mobility initiatives. By partnering with Guan Chao Holdings Ltd and Singapore Electric...
Ryde Group Ltd Completes Private Offering of Class A Shares
Dec 9, 2025
On December 9, 2025, Ryde Group Ltd successfully concluded a private offering of 33,334,000 Class A ordinary shares at a price of US$0.36 per share. This transaction marks a significant step in the company’s financial strategy, potentially e...
Ryde Group Ltd Secures US$14 Million Through Share Offerings
Dec 3, 2025
On December 3, 2025, Ryde Group Ltd announced it had entered into agreements for a US$14 million fundraising effort through a private placement and a registered direct offering of Class A ordinary shares. The private placement involves 33,334,000 ...
Ryde Group Strengthens Capital with Class B Share Issuance
Dec 2, 2025
On December 2, 2025, Ryde Group Limited issued 5,500,000 Class B Ordinary Shares to its Founder, Chairman, and CEO, Mr. Terence Zou, after achieving performance-based milestones. These milestones included a successful $10 million private offering ...
Ryde Group Announces Director Resignation
Nov 17, 2025
On November 17, 2025, Ryde Group Ltd, a company headquartered in Singapore, announced the resignation of Mr. Tan Ting Yong from its board of directors. The departure was clarified to be amicable, with no disagreements related to the company’...
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.