Ryde Group Ltd. (RYDE)

NYSE: RYDE · Services-Business Services, NEC · Singapore, SG · filing with the SEC since 2023

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Grade4.0

◀ Past 3.9● Present 3.8▶ Future 4.2

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Ryde Group Ltd.

Nine metrics read from its own filings, by tense

Headline grade

4.0/10

◀ Past3.925% of the headline

● Present3.835% of the headline

▶ Future4.240% of the headline

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

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.0/10

Has it survived what it has been through?

No warning events in its filings since 2023.

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

From the record

Ryde Group Ltd.'s filings since 2023 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

4.3/10

What has it actually done, year after year?

+19.2% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 43rd percentile among 99 sector filers · read for its customers

From the record

Ryde Group Ltd.'s 5 filed years say what it did: revenue went from SGD 6 million in fiscal 2021 to SGD 13 million in fiscal 2025, up 19.2% a year; it rose in 3 of 4 years; the deepest fall was 2% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span19.2%top 35% of its family
the share of years revenue rosebottom 41% of its family
the share of filed years with a profitbottom 9% of its family
the deepest fall from a revenue peak1.8%top 43% of its family

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

Shareholder treatment

SI estimate

0.7/10

How has it treated the people who own it?

SI estimate 0.7/10, confidence 35 of 100 (one part).

weight 33% of this tense · 7th percentile among 98 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 7% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 98 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ryde Group Ltd.'s shareholder treatment is put at 0.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 7% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.6/10

Is it financially healthy right now?

ROE -55%: lost 55¢ per shareholder dollar. Leverage 17%: owes 17¢ per asset dollar.

weight 33% of this tense · 36th percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ryde Group Ltd. lost about 55 cents for every dollar of shareholders' money. Leverage: it owed about 17 cents per dollar of assets, and net share issuance: its share count grew 110.7% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 7% of its family
return on equitybottom 10% of its family
the share count against the year beforebottom 6% of its family

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

Industry position

as filed

3.3/10

How strong is its position in its industry?

bottom 32% of 101 in its family; net margin -139.5%.

weight 45% of this tense · 32nd percentile among 101 sector filers · read for its customers

From the record

Ryde Group Ltd.'s standing among 101 graded names in its industry family: revenue of SGD 13 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -139.5% ranks in the bottom 7%; revenue growth of 12.3% a year over the last 3 filed years ranks in the top 42% (its annual reports).

What it rests on

net margin-139.5%bottom 7% of its family
three-year revenue growth12.3%top 42% 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: Ryde Group Ltd.'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?

4.2/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.5/10

How much room does it have to grow?

bottom 35% of 99 in its family for room to expand.

weight 33% of this tense · 35th percentile among 99 sector filers · read for itself

From the record

Ryde Group Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of SGD 5 million against no long-term debt tagged leaves 13.1% of its assets as net cash, top 36% of its family; cash from operations less capital spending is -188.2% of revenue (bottom 6%) (its annual report).

What it rests on

cash less debt against assets13.1%top 36% of its family
cash from operations less capital spending against revenue-188.2%bottom 6% of its family

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

Growth drivers

as filed

4.5/10

What could actually drive growth from here?

bottom 46% of 99 in its family for growth drivers.

weight 45% of this tense · 46th percentile among 99 sector filers · read for its customers

From the record

Ryde Group Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 12.3% a year over the last three filed years against 19.2% over all 5, slowing (bottom 37% of its family); the newest year grew 39.8% (top 13%); capital spending grew -35.6% a year (bottom 12%) (its annual reports). Ryde Group Ltd. reported 5 product lines in fiscal 2025: Mobility at SGD 9 million (74%), Advertising Initiatives at SGD 2 million (19%), Membership at SGD 504 thousand (4%), and 2 more; 3 of 5 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-6.9 points a yearbottom 37% of its family
the newest year's revenue growth39.8%top 13% of its family
three-year growth of capital spending-35.6%bottom 12% 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

4.5/10

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

bottom 45% of 93 in its family for expectations against reality.

weight 22% of this tense · 45th percentile among 93 sector filers · read for its shareholders

From the record

Ryde Group Ltd.'s newest year against its own record: revenue of SGD 13 million in fiscal 2025 came in 38.8% above the SGD 9 million its prior three years' pace pointed to (top 8% of its family); net income of SGD 17 million against a prior three-year average of SGD 12 million (bottom 16%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 27%) (its annual reports).

What it rests on

revenue against the prior three years' pace38.8%top 8% of its family
net income against the prior three years' average-43%bottom 16% of its family
net margin against its prior average-1.7 pointsbottom 27% 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 RYDE · research, not advice