Ryde Group Ltd. (RYDE) Revenue History
Annual and quarterly revenue from 2021 to present
RYDE Revenue Over Time (2021–2025)
RYDE Revenue Growth History
3 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +42.5%
- FY2023 revenue growth
- -1.8%
- FY2024 revenue growth
- +3.3%
- FY2025 revenue growth
- +39.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $5.2M | +129.1% |
| Q2 2025 | $5.7M | +162.7% |
| Q1 2025 | $2.9M | +31.4% |
| Q4 2024 | $2.3M | -32.1% |
| Q3 2024 | $2.3M | — |
| Q2 2024 | $2.2M | -58.7% |
| Q1 2024 | $2.2M | — |
| Q4 2023 | $3.4M | -34.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
RYDE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
RYDE Revenue Analysis (2021–2025)
Current Revenue & Growth
As of July 8, 2026, Ryde Group Ltd. (RYDE) generated trailing twelve-month (TTM) revenue of $16.1 million, reflecting explosive growth of +129.1% year-over-year. The most recent quarter (Q4 2025) recorded $5.2 million in revenue, down 8.9% sequentially.
Historical Growth Trajectory
RYDE's historical revenue data shows a 3-year CAGR of +12.3%. Ryde Group Ltd.'s highest annual revenue of $12.5 million was recorded in 2025, an all-time high.
Revenue by Segment
RYDE's revenue is primarily driven by Mobility (94%), Membership (5%), and Others (1%). With over half of revenue concentrated in Mobility, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including UBER (+18.3% YoY), LYFT (+9.4% YoY), and GRAB (+21.8% YoY) — RYDE has outperformed the peer group in revenue growth. Compare RYDE vs UBER →
RYDE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RYDECurrent | $16M | +129.1% | - | -139.7% | |
 UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
 LYFT | $6.3B | +9.4% | +21.7% | -3.0% | |
 GRAB | $3.4B | +21.8% | +48.4% | 6.0% | |
 BLNK | $103M | -4.4% | +75.4% | -72.4% | |
 GOOGL | $403.0B | +17.5% | +17.2% | 32.1% |
RYDE Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12.5M | +39.7% | $3.2M | 25.7% | $-17,476,000 | -139.7% |
| 2024 | $8.9M | +3.3% | $2.1M | 23.2% | $-18,598,000 | -207.8% |
| 2023 | $8.7M | -1.8% | $1.9M | 21.4% | $-11,759,000 | -135.7% |
| 2022 | $8.8M | +42.5% | $-765,778 | -8.7% | $-3,018,000 | -34.2% |
| 2021 | $6.2M | - | $170K | 2.8% | $172K | 2.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
RYDE — Frequently Asked Questions
Quick answers to the most common questions about buying RYDE stock.
Is RYDE's revenue growth accelerating or slowing?
RYDE revenue growth is accelerating. TTM revenue reached $16M, up +129.1% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is RYDE's revenue history from 2021 to 2026?
Ryde Group Ltd. (RYDE) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $16M, growing at +129.1% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is RYDE's long-term revenue growth rate (CAGR)?
Ryde Group Ltd.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +129.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for RYDE.
Why does RYDE's quarterly revenue fluctuate?
RYDE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ryde Group Ltd.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is RYDE's revenue distributed by segment?
RYDE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does RYDE's revenue compare to industry peers?
Ryde Group Ltd. (RYDE) with TTM revenue of $16M and +129.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.