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Ryde Group Limited Class A
(RYDE)
Ryde Group Limited Class A (RYDE) vs. SPDR S&P 500 ETF (SPY)
Ryde Group Limited Class A Business Overview & Revenue Model
Ryde Group Limited Class A Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 8.95M | 8.67M | 8.82M | 6.20M |
| Gross Profit | 2.08M | 1.85M | -765.78K | 170.41K |
| EBITDA | -18.04M | -12.02M | -4.75M | -1.29M |
| Net Income | -18.65M | -12.83M | -4.92M | -1.23M |
Balance Sheet | ||||
| Total Assets | 9.08M | 5.20M | 3.22M | 2.74M |
| Cash, Cash Equivalents and Short-Term Investments | 5.52M | 1.69M | 2.24M | 2.85M |
| Total Debt | 135.00K | 5.20M | 5.55M | 500.00K |
| Total Liabilities | 5.22M | 12.62M | 8.96M | 4.77M |
| Stockholders Equity | 3.97M | -5.57M | -4.96M | -155.00K |
Cash Flow | ||||
| Free Cash Flow | -12.31M | -2.10M | -3.13M | -328.16K |
| Operating Cash Flow | -11.73M | -1.61M | -2.79M | -83.34K |
| Investing Cash Flow | -580.00K | -422.00K | -482.00K | -329.00K |
| Financing Cash Flow | 16.14M | 721.00K | 4.70M | 500.00K |
Ryde Group Limited Class A Technical Analysis
Ryde Group Limited Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $22.20M | 7.25 | 14.42% | 20.18% | -8.02% | -39.67% | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $21.45M | ― | -354.82% | ― | 34.50% | 70.55% | |
| ― | $18.74M | ― | -41.44% | ― | -11.50% | -71.52% | |
| ― | $17.77M | ― | -247.72% | ― | 0.31% | 70.95% | |
| ― | $20.15M | -0.18 | -291.75% | ― | ― | ― |
Ryde Group Limited Class A Corporate Events
On October 27, 2025, Ryde Group Ltd announced it received a warning letter from NYSE American LLC due to a compliance issue with Section 401(a) of the NYSE American Company Guide. The warning was issued after a significant increase in Ryde’s stock price and trading volume on October 7, 2025, which was linked to a material transaction not disclosed before trading commenced, violating the immediate release policy. Ryde is taking steps to improve its information dissemination procedures to prevent future compliance issues.
Ryde Group Ltd, a company with operations in the ride-sharing industry, has released its unaudited interim condensed consolidated financial statements for the six months ending June 30, 2025. The report, dated October 24, 2025, highlights the company’s financial performance, showing an increase in revenue to S$5,748,000 from S$4,376,000 in the same period the previous year. Despite the revenue growth, the company continues to face challenges with increased costs related to drivers and riders, as well as employee benefits, which have impacted its overall financial results.
On October 20, 2025, Ryde Group Ltd, a company involved in a private offering, successfully closed its previously announced sale of 33,340,000 Class A ordinary shares at a price of US$0.30 per share. This strategic financial move is expected to impact the company’s market position by potentially enhancing its capital structure and providing additional resources for growth, though the specific implications for stakeholders were not detailed in the release.
On October 10, 2025, Ryde Group Limited’s Board of Directors approved the issuance of 2,000,000 Class B Ordinary Shares to its CEO, Terence Zou, as part of the Ryde 2.0 transformation plan. This move highlights the company’s strategic pivot towards electric vehicles and fleet leasing, aiming to strengthen its capital base and position for future growth. The Board also authorized the potential issuance of up to 30,000,000 additional Class B shares based on performance milestones, aligning leadership incentives with shareholder outcomes and significantly increasing Mr. Zou’s voting power.
On October 7, 2025, Ryde Group Ltd entered into a securities purchase agreement to issue and sell 33,340,000 Class A ordinary shares at $0.30 per share, expecting to raise approximately $10 million. This move is part of the company’s strategy to address compliance issues with NYSE American’s listing standards, following a plan submitted and accepted earlier in 2025 to regain compliance by November 2026.
On September 15, 2025, Ryde Group Limited’s Board of Directors approved the conversion of 1,365,225 Class B Ordinary Shares held by Octava Fund Limited into Class A Ordinary Shares, increasing Octava’s total to 8,030,738 Class A shares. This conversion raises the total number of outstanding Class A shares to 35,384,651, impacting the company’s share structure and voting power dynamics, as Class A shares hold one vote each and are traded on the NYSE American.
On September 8, 2025, Ryde Group Ltd announced a securities purchase agreement to sell 6,422,000 Class A shares at US$0.25 each, aiming to raise approximately US$1.6 million in a registered direct offering. The offering, expected to close around September 10, 2025, is intended to support the company’s working capital and general corporate purposes, potentially impacting its operational flexibility and market positioning.
On August 8, 2025, Ryde Group Ltd announced that its plan to regain compliance with NYSE American’s listing standards was accepted. The company had previously been notified on May 21, 2025, of non-compliance due to stockholders’ equity below $4 million and losses in three of the last four fiscal years. Ryde submitted a compliance plan by the June 20 deadline, which was accepted on August 5, 2025, granting them until November 21, 2026, to meet the standards. During this period, Ryde’s shares will continue to be listed and monitored quarterly. The acceptance of the plan does not impact the company’s operations or financial condition, but failure to comply by the deadline could lead to delisting proceedings.