📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding GRAB

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	13.31M	$48.7M	0.08%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used phrases like 'another strong set of results', 'all-time high', '14th consecutive quarter of adjusted EBITDA growth', and provided specific growth rates (21% GMV growth, $229 million free cash flow). The tone was upbeat and forward-looking with concrete figures.

Q3 2025

Confident Specific

The call repeatedly uses phrases like 'vital step forward', 'new record', 'acceleration', 'confident', and 'strong momentum'. Management cites specific numbers (e.g., 24% on-demand GMV growth, 51% EBITDA increase, 56% loan dispersal growth) and details product-led strategies driving growth.

Q4 2025

Confident Specific

Management repeatedly highlights first full year of net profitability, 16 consecutive quarters of EBITDA improvement, and specific three-year financial targets (20% revenue CAGR, $1.5B EBITDA, 80% FCF conversion). Language is positive, data-driven, and forward-looking with precise numbers.

Q1 2026 latest

Confident Specific

The management repeatedly emphasized strong Q1 results ('we delivered', 'record start to the year') and reiterated full-year guidance despite headwinds. They provided specific data on AI-driven improvements (23% earnings uplift for Turbo drivers, 15% GMV uplift for MAI merchants) and detailed responses on fuel and Indonesia regulatory issues, showing confidence grounded in numbers.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains intact and arguably stronger after this call: Q1 delivered strong operational and financial momentum, and management reaffirmed full-year guidance despite two notable headwinds (fuel crisis and Indonesia regulatory cap). The AI monetization story is now backed by concrete numbers (driver earnings uplift, merchant GMV growth), and financial services is on track for break-even. However, the sustainability of the Q1 momentum into Q2 depends on fuel prices and consumer demand elasticity. The Indonesia cap, while small, introduces regulatory uncertainty. Next quarter, watch for Q2 margin trajectory (especially driver incentives normalization), updated fuel cost impacts, and progress on the Foodpanda Taiwan deal. The accelerated buyback signals management's confidence in intrinsic value at current prices.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Grab Q1 2026: 24% on-demand GMV growth, $1B loan disbursements, reaffirms FY guidance

Revenue & Profitability

Group revenue guidance for FY2026 is $4.04-$4.10 billion, with adjusted EBITDA of $700-$720 million. Financial services revenue accelerated 43% year-on-year. Trailing 12-month adjusted free cash flow grew to $489 million. The first quarter results support the full-year guidance, with on-demand GMV growing 24% year-on-year.

Outlook

Management described the platform as 'structurally stronger than ever' despite macroeconomic uncertainties including inflation and fuel price volatility. Demand in April remained resilient, with mobility weekly average transaction volumes up 32% year-on-year and deliveries seeing record high daily transacting users. The company reiterated its full-year guidance, expecting fuel-related pressures to be manageable through targeted support, EV transition, and if needed, judicious cost pass-through.

Growth Drivers

Key growth levers include AI investments (Merchant AI Assistant, Driver AI Coach, new AI-powered consumer experiences), financial services scaling (loan book targeting $2 billion by year-end; bank deposits of $1.6 billion with headroom), and grocery (GrabMart growing 1.7x faster than food delivery, MTUs up 2.6x food growth). Group Order GMV rose 74% year-on-year, Group Rides launched across six core markets, and EV fleet surpassed 30,000 vehicles in Thailand.

Balance Sheet & CapEx

Regional corporate costs increased to $114 million in Q1 due to conscious investment in AI infrastructure (tokenization stack and cloud capacity). Management expects these costs to stabilize at the Q1 level for the remainder of 2026. The company is investing in AI tools for partners and consumers, and in autonomous vehicle pilots, but expects no near-term disruptive impact from AVs.

Margins

Management expects mobility margins to stabilize within the historical range despite elevated driver incentives in Q1 (due to festive seasons and fuel support). Q1 is seen as the peak for driver incentives. Financial services demonstrated operating leverage, with more than a third of incremental revenue dropping to the bottom line. Full-year adjusted EBITDA guidance of $700-$720 million is reaffirmed, supported by advertising and financial services monetization if fuel pressures persist.

Key Risks

Key risks flagged include fuel price volatility and macroeconomic uncertainties (inflation, consumer spending). In Q1, fuel price rises led to targeted rebates for driver partners. Management also cited the Indonesia regulatory decree capping commission on ojol drivers (2-wheel), though it affects less than 6% of mobility GMV. Additional risks include foreign exchange headwinds and seasonal supply pressures. The company is monitoring these closely while providing full-year guidance.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-04

Record Q2 with adjusted EBITDA up 54% year-over-year and margin expansion to 16.9%. On-demand and financial services segments showed strong growth, with guidance raised for 2026. Superbank and Stash consolidations, share buybacks, and new market entries drive future momentum.

Q1 2026 Q1 2026 2026-05-05

Q1 2026 saw 24% GMV growth and strong AI-driven gains, with financial services loan disbursements up 67% year-on-year. Full-year revenue and EBITDA guidance are reaffirmed despite fuel price volatility and regulatory changes in Indonesia.

Q4 2025 Q4 2025 2026-02-12

Achieved first full year of net profit in 2025, with strong GMV and user growth, and robust expansion in financial services. Guidance calls for 20% revenue CAGR through 2028, tripling Adjusted EBITDA, and significant free cash flow gains, supported by disciplined capital allocation and tech investments.

Q3 2025 Q3 2025 2025-11-04

Record user and GMV growth drove a 51% year-on-year rise in adjusted EBITDA and improved free cash flow. Raised 2025 EBITDA guidance, with strong momentum in deliveries, mobility, and financial services, and continued margin expansion expected into 2026.

Q2 2025 Q2 2025 2025-07-31

Record GMV and MTUs drove strong EBITDA and free cash flow growth, with mobility and deliveries segments both accelerating year-over-year. Financial services and advertising showed robust expansion, while disciplined cost management and product innovation underpin a positive outlook for 2025.

📊 Analysis Methodology

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