GRAB financial statements

The full income statement, balance sheet, and cash-flow statement for Grab Holdings Limited (GRAB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2023-12 3.89B2024-12 4.00B2025-12 4.21B+8.0% over 2 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	3.37B YoY+20.5%	2.80B YoY+18.6%	2.36B YoY+64.6%	1.43B YoY+112.3%	675M YoY+43.9%
Cost of revenue	1.91B YoY+17.9%	1.62B YoY+8.3%	1.50B YoY+10.5%	1.36B YoY+26.7%	1.07B YoY+11.1%
Research & development	428M YoY+4.4%	410M YoY-2.6%	421M YoY-9.5%	465M YoY+30.6%	356M YoY+38.5%
Operating income	65.0M YoY+138.7%	-168M YoY+67.6%	-519M YoY+62.2%	-1.37B YoY+11.7%	-1.55B YoY-19.8%
Interest expense	71.0M YoY-33.0%	106M YoY+7.1%	99.0M YoY-40.4%	166M YoY-90.2%	1.70B YoY+17.5%
Pre-tax income	269M YoY+383.2%	-95.0M YoY+79.6%	-466M YoY+73.1%	-1.73B YoY-148.8%	3.55B YoY+29.5%
Income tax	69.0M YoY+9.5%	63.0M YoY+231.6%	19.0M YoY+216.7%	6.00M YoY+100.0%	3.00M YoY+50.0%
	200M YoY+226.6%	-158M YoY+67.4%	-485M YoY+72.1%	-1.74B YoY+51.1%	-3.56B YoY-29.5%
Net income to common	268M YoY+355.2%	-105M YoY+75.8%	-434M YoY+74.2%	-1.68B YoY+51.2%	-3.45B YoY-32.2%
	$0.06 YoY+300.0%	-$0.03 YoY+72.7%	-$0.11 YoY+75.0%	-$0.44 YoY+93.1%	-$6.39 YoY+55.6%
EPS (basic)	$0.07 YoY+333.3%	-$0.03 YoY+72.7%	-$0.11 YoY+75.0%	-$0.44 YoY+93.1%	-$6.39 YoY+55.6%
	4.09B YoY+2.4%	4.00B YoY+2.6%	3.89B YoY+2.1%	3.81B YoY+606.5%	540M YoY+198.0%
	4.21B YoY+5.3%	4.00B YoY+2.6%	3.89B	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.08B YoY+23.1%	6.57B YoY+13.8%	5.77B YoY+1.4%	5.69B YoY-34.4%	8.68B YoY+131.0%
Cash & equivalents	3.43B YoY+15.8%	2.96B YoY-5.5%	3.14B YoY+60.8%	1.95B YoY-60.9%	4.99B YoY+129.7%
Accounts receivable	240M YoY+16.5%	206M YoY+5.1%	196M YoY+4.8%	187M YoY-26.7%	255M YoY+48.3%
Inventory	87.0M YoY+47.5%	59.0M YoY+20.4%	49.0M YoY+2.1%	48.0M YoY+1100.0%	4.00M YoY+33.3%
	12.0B YoY+28.9%	9.29B YoY+5.7%	8.79B YoY-4.1%	9.17B YoY-18.0%	11.2B YoY+105.4%
Property, plant & equipment	—	—	512M YoY+4.1%	492M YoY+11.6%	441M YoY+14.8%
Total non-current assets	3.90B YoY+43.0%	2.73B YoY-9.8%	3.02B YoY-13.2%	3.48B YoY+39.1%	2.50B YoY+48.4%
	4.63B YoY+78.5%	2.59B YoY+75.4%	1.48B YoY+34.7%	1.10B YoY+6.9%	1.03B YoY+22.7%
Short-term & current debt	1.68B YoY+1265.9%	123M YoY-1.6%	125M YoY+6.8%	117M YoY-18.8%	144M YoY+2.9%
	5.23B YoY+77.5%	2.94B YoY+26.7%	2.32B YoY-7.5%	2.51B YoY-20.4%	3.16B YoY-73.1%
Long-term debt	373M YoY+54.8%	241M YoY-63.9%	668M YoY-46.5%	1.25B YoY-38.6%	2.03B YoY+1729.7%
	6.73B YoY+5.1%	6.40B YoY-0.8%	6.45B YoY-2.3%	6.60B YoY-14.6%	7.73B YoY+220.8%
Total equity incl. non-controlling	6.76B YoY+6.4%	6.35B YoY-1.8%	6.47B YoY-2.8%	6.66B YoY-17.0%	8.02B YoY+227.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	79.0M YoY-90.7%	852M YoY+890.7%	86.0M YoY+110.8%	-798M YoY+16.4%	-954M YoY-48.4%
Depreciation & amortization	177M YoY+20.4%	147M YoY+1.4%	145M YoY-3.3%	150M YoY-56.5%	345M YoY-10.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	193M YoY+60.8%	120M YoY+3.4%	116M YoY+6.4%	109M YoY-94.5%	1.98B YoY+24650.0%
Long-term debt repaid	260M YoY-59.1%	635M YoY-17.0%	765M YoY-24.9%	1.02B YoY+479.0%	176M YoY+66.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	21.0B YoY+11.3%	18.9B	—	—	—
P/E	104.9×	—	—	—	—
P/S	6.2× YoY-7.6%	6.7×	—	—	—
P/B	3.1× YoY+5.9%	2.9×	—	—	—
	0.95%	—	—	—	—
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: GRAB's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GRAB filings on SEC EDGAR → Not investment advice.