Quarterly ResultMay 6, 2026, 06:13 AM
Ryde Q1 Revenue S$3.77M, Adjusted EBITDA Deficit Narrows 44%
AI Summary
Ryde Group Ltd reported unaudited financial results for Q1 2026, with revenue increasing 38% year-over-year to S$3.77 million (US$2.93 million). The company significantly improved its adjusted EBITDA, narrowing the deficit by 44% to S$1.02 million (US$0.79 million) due to enhanced operational efficiency and cost optimization. Shareholders' equity stood at S$31.12 million (US$24.14 million), bolstered by recent capital-raising efforts.
Key Highlights
- Revenue increased 38% to S$3.77 million (US$2.93 million) in Q1 2026 from S$2.72 million in Q1 2025.
- Adjusted EBITDA deficit narrowed by 44% to S$1.02 million (US$0.79 million) in Q1 2026.
- Shareholders' equity was S$31.12 million (US$24.14 million) as of March 31, 2026.
- Net loss improved to S$2.073 million (US$1.608 million) in Q1 2026 from S$3.553 million in Q1 2025.
- Basic and diluted net loss per share was S$(0.02) (US$(0.01)) in Q1 2026.
- Growth was driven by platform expansion, stronger engagement, and operational efficiency enhancements.
- Capital-raising initiatives in late 2025 strengthened the company's balance sheet.