Company Analysis

Grab Holdings Limited (GRAB)

Nasdaq: GRAB · Services-Business Services, NEC · Singapore, SG · filing with the SEC since 2021
Grade5.9
◀ Past 6.3● Present 5.9▶ Future 5.5
1 est.

The grade of Grab Holdings Limited

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.325% of the headline
● Present5.935% of the headline
▶ Future5.540% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 80th percentile among 105 sector filers · read for itself

From the record

Grab Holdings Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.3/10

What has it actually done, year after year?

7 filed years; profitable in 1 of 7.

weight 45% of this tense · 63rd percentile among 99 sector filers · read for its customers

From the record

Grab Holdings Limited's 7 filed years say what it did: it rose in 5 of 5 years; it never fell from a peak; net income was positive in 1 of 7 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 18% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak0.0%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.3/10

How has it treated the people who own it?

Share count grew 2.4% a year. 49% of cash flow returned. Insiders: 34 sales, 2 purchases.

weight 33% of this tense · 53rd percentile among 70 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Grab Holdings Limited's diluted share count grew about 2.4% a year, and dividends and buybacks returned about 49% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 34 sales (33 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-11-10, buying about $31 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 41% of its family
  • cash returned against operating cash flowtop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.9/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.4/10

Is it financially healthy right now?

ROE 3%: 3¢ of profit per shareholder dollar. Leverage 44%: owes 44¢ per asset dollar.

weight 33% of this tense · 44th percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Grab Holdings Limited earned about 3 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 44 cents per dollar of assets, and net share issuance: its share count grew 2.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 29% of its family
  • return on equitybottom 45% of its family
  • gross profit against assetsbottom 25% of its family
  • the share count against the year beforebottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.3/10

How strong is its position in its industry?

top 27% of 101 in its family; net margin 5.9%.

weight 45% of this tense · 73rd percentile among 101 sector filers · read for its customers

From the record

Grab Holdings Limited's standing among 101 graded names in its industry family: revenue of $3.4 billion in fiscal 2025 ranks in the top 28% by size; a net margin of 5.9% ranks in the top 38%; revenue growth of 33% a year over the last 3 filed years ranks in the top 14% (its annual reports).

What it rests on

  • revenue against the family$3.37Btop 28% of its family
  • net margin5.9%top 38% of its family
  • three-year revenue growth33.0%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 73 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Grab Holdings Limited's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.5/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

bottom 50% of 99 in its family for room to expand.

weight 33% of this tense · 50th percentile among 99 sector filers · read for itself

From the record

Grab Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $3.4 billion against debt of $2.1 billion leaves 11.5% of its assets as net cash, top 38% of its family; cash from operations less capital spending is -0.5% of revenue (bottom 27%); a gross margin of 43.2% (top 49%); research spending of 12.7% of revenue (top 42%) (its annual report).

What it rests on

  • cash less debt against assets11.5%top 38% of its family
  • cash from operations less capital spending against revenue-0.5%bottom 27% of its family
  • gross margin43.2%top 49% of its family
  • research spending against revenue12.7%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 99 in its family for growth drivers.

weight 45% of this tense · 58th percentile among 99 sector filers · read for its customers

From the record

Grab Holdings Limited's growth drivers, from the filed years to fiscal 2025: the newest year grew 20.5% (top 26%); research spending grew -2.7% a year (bottom 32%); capital spending grew 18.7% a year (top 32%) (its annual reports). Grab Holdings Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth20.5%top 26% of its family
  • three-year growth of research spending-2.7%bottom 32% of its family
  • three-year growth of capital spending18.7%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 93 in its family for expectations against reality.

weight 22% of this tense · 58th percentile among 93 sector filers · read for its shareholders

From the record

Grab Holdings Limited's newest year against its own record: revenue of $3.4 billion in fiscal 2025 came in 13.7% below the $3.9 billion its prior three years' pace pointed to (bottom 12% of its family); net income of $200 million against a prior three-year average of $794 million (top 23%); a net margin of 5.9% against -49.2% before (top 15%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-13.7%bottom 12% of its family
  • net income against the prior three years' average+125%top 23% of its family
  • net margin against its prior average+55.1 pointstop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GRAB · research, not advice