Grab Holdings (GRAB) Company Report

Analyst Coverage

Research analysts who have asked questions during Grab Holdings earnings calls.

Alicia Yap

Citigroup

6 questions for GRAB

Also covers: BABA, BIDU, BZUN +10 more

Jiong Shao

Barclays

6 questions for GRAB

Also covers: BABA, CPNG, SE +1 more

Mark Mahaney

Evercore ISI

6 questions for GRAB

Also covers: ABNB, AMZN, BKNG +23 more

Divya Gangahar

Morgan Stanley

4 questions for GRAB

Venugopal Garre

Sanford C. Bernstein & Co., LLC

4 questions for GRAB

Pang Vittayaamnuaykoon

Goldman Sachs Group Inc.

3 questions for GRAB

Also covers: SE

Wei Fang

Mizuho Financial Group

3 questions for GRAB

Also covers: AMCN, ANTE, BILI +4 more

Divya Kothiyal

Morgan Stanley

2 questions for GRAB

Also covers: SE

Navin Killa

UBS

2 questions for GRAB

Pang Vit

Goldman Sachs

2 questions for GRAB

Also covers: SE

Piyush Choudhary

HSBC

2 questions for GRAB

Also covers: SE

Ranjan Sharma

JPMorgan Chase & Co.

2 questions for GRAB

Also covers: SE, TLK

Sachin Salgaonkar

Bank of America

1 question for GRAB

Also covers: MMYT, SE

Thomas Chong

Jefferies Financial Group Inc.

1 question for GRAB

Also covers: ATHM, BABA, BEKE +22 more

Usjima Pang Vittayaamnuaykoon

Goldman Sachs

1 question for GRAB

Also covers: SE

Latest news

Recent press releases and 8-K filings for GRAB.

Grab Holdings Proposes Doubling Class B Share Voting Power

GRAB

Proxy Vote Outcomes

Grab Holdings Limited will hold an Extraordinary General Meeting (EGM) on March 24, 2026, to vote on a special resolution to amend its Memorandum and Articles of Association.
The primary proposal is to increase the voting power of Class B Ordinary Shares from 45 votes per share to 90 votes per share.
This "Variation of Voting Rights" aims to ensure that Anthony Tan Ping Yeow, Chairman and CEO, maintains majority voting power (projected at 69.4% based on shares as of January 31, 2026), which the company believes is essential for long-term growth and to meet Singaporean regulatory requirements for GXS Bank.
Upon the resolution's approval, other Class B shareholders, including co-founder Tan Hooi Ling and former President Maa Ming-Hokng, are expected to convert their Class B shares to Class A shares, and existing proxy and voting agreements will become inoperative.
The Board of Directors recommends shareholders vote "FOR" the Resolution.

8 days ago

6-K

Grab Acquires Stash, Reports First Annual Profit, and Announces Share Buyback

GRAB

M&A

Earnings

Share Buyback

Grab is acquiring U.S. investing app Stash in a deal valued at approximately $425 million, initially purchasing a 50.1% stake.
Stash brings over one million paying subscribers and manages roughly $5 billion in assets, with a forecast to generate over $60 million in adjusted EBITDA by 2028.
Grab achieved its first full-year net profit of $200 million in 2025, compared to a net loss of $158 million the prior year, and reported that full-year revenue rose approximately 20% to $3.4 billion.
The company also unveiled a share-buyback program valued between $500 million and $631 million.

Feb 12, 2026, 12:14 AM

Morningstar

Grab Holdings Announces Strong Q4 and Full Year 2025 Results with Positive 2026 Outlook

GRAB

Earnings

Guidance Update

Grab Holdings reported Q4 2025 revenue of $906 million, a 19% year-over-year increase, and Adjusted EBITDA of $148 million, up 54% year-over-year.
For the full fiscal year 2025, revenue reached $3,370 million, growing 20% year-over-year, with Adjusted EBITDA increasing 60% year-over-year to $500 million.
On-Demand Gross Merchandise Value (GMV) increased by 21% year-over-year in both Q4 2025 ($6,077 million) and FY 2025 ($22,138 million).
The company provided a 2026 outlook, forecasting revenue between $4.04 billion and $4.10 billion and Adjusted EBITDA between $700 million and $720 million.

Feb 12, 2026, 12:00 AM

Presentation

Grab Reports Strong Q4 and First Full Year Net Profit in 2025

GRAB

Earnings

Share Buyback

Revenue Acceleration/Inflection

Grab reported Q4 2025 revenue of $906 million, a 19% year-over-year increase, with profit for the period at $153 million and Adjusted EBITDA growing 54% year-over-year to $148 million.
For the full year 2025, Grab achieved its first full year net profit of $200 million on revenue of $3.37 billion, which increased 20% year-over-year.
The company's full year 2025 Adjusted EBITDA was $500 million and Adjusted Free Cash Flow reached $290 million.
Grab's Board of Directors authorized a new $500 million Share Repurchase Program.

Feb 11, 2026, 10:05 PM

6-K

Grab Reports Strong Q4 and Full Year 2025 Results with First Annual Net Profit

GRAB

Earnings

Share Buyback

Guidance Update

Grab reported Q4 2025 Revenue of $906 million, a 19% year-over-year increase, and a Profit for the period of $153 million.
For the full year 2025, Grab achieved its first full year net profit of $200 million and recorded Adjusted Free Cash Flow of $290 million.
On-Demand GMV for Q4 2025 grew 21% year-over-year to a record $6.1 billion, while Adjusted EBITDA increased 54% year-over-year to $148 million.
The company authorized a new $500 million Share Repurchase Program.
Grab provided FY 2026 guidance, expecting Group Revenue between $4.04 billion and $4.10 billion and Adjusted EBITDA between $700 million and $720 million.

Feb 11, 2026, 10:05 PM

6-K

Grab Holdings Limited acquires Stash Financial, Inc.

GRAB

M&A

New Projects/Investments

Grab Holdings Limited has signed definitive agreements to acquire 100% of the equity interest in Stash Financial, Inc., a U.S. digital financial services company.
This acquisition is intended to accelerate Grab's financial services roadmap.
The initial payment for 50.1% equity interest at Closing is based on an enterprise value of US$425 million, with subsequent payments for the remaining interest over three years post-Closing.
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026.

Feb 11, 2026, 9:59 PM

6-K

Grab Holdings Limited to acquire Stash Financial, Inc.

GRAB

M&A

New Projects/Investments

Grab Holdings Limited announced on February 12, 2026, that it has signed definitive agreements to acquire 100% of Stash Financial, Inc., a U.S. digital financial services company.
The acquisition involves an initial payment for 50.1% equity interest at Closing, valued at an enterprise value of US$425 million, with the remaining interest paid over three years post-Closing.
Stash is an AI-powered investing app with over $5 billion in assets under management (AUM) and over a million paying subscribers, and is an Adjusted EBITDA, cash-flow positive business.
Stash is projected to generate over $60 million in Adjusted EBITDA in the 2028 calendar year.
The transaction is subject to regulatory approvals and customary closing conditions, with closing expected in the third quarter of 2026.

Feb 11, 2026, 9:59 PM

6-K

Grab Finance Expands Credit Access in Southeast Asia Using FICO Platform

GRAB

New Projects/Investments

Product Launch

Grab Finance, the financial services arm of Grab, has increased credit offer eligibility rates by nearly 50% for its users across Southeast Asia.
This expansion involved implementing 22 decision workflows across six countries in under eight months, leveraging behavioral data and the FICO Platform to serve over 46 million consumers and millions of merchants and drivers.
For its achievements in expanding financial inclusion, Grab Finance won a 2026 FICO® Decision Award for Financial Inclusion.

Feb 5, 2026, 1:00 AM

Press Release

GoTo Announces Leadership Change Amid Merger Talks with Grab

GRAB

CEO Change

M&A

GoTo, a rival of Grab, announced a leadership change with CEO Patrick Walujo stepping down and COO Hans Patuwo nominated as his successor, pending shareholder approval.
This leadership transition at GoTo is occurring amid ongoing merger talks with Singapore-based rival Grab.
The reshuffle is viewed as a strategic move to facilitate a potential merger that could strengthen GoTo's market position and profitability.
The potential merger structure with Grab could involve the Indonesian sovereign wealth fund Danantara holding a minority stake and a 'golden share'.

Nov 24, 2025, 2:14 AM

Fortune

Grab and WeRide Receive Approval for Expanded Autonomous Vehicle Testing in Singapore

GRAB

New Projects/Investments

Product Launch

Singapore’s Land Transport Authority (LTA) has granted WeRide and Grab approval for their entire Ai.R fleet to conduct autonomous vehicle (AV) testing within the Punggol district.
Following the commencement of the first AV testing in mid-October 2025, the companies plan to increase the total number of AV test runs on shuttle service routes in Punggol by up to four times by the end of the year.
The Ai.R public autonomous ride service, operated by Grab in partnership with WeRide, is expected to launch for public passengers by early 2026.
The first cohort of Ai.R Safety Operator trainees, comprising over 10 experienced Grab driver-partners, has progressed to on-the-road training to support the service roll-out.