# Grab Holdings Limited (GRAB) — Stock CV

Grab Holdings Limited is a $13.1B technology company. Revenue grew 20.5% over the last year, it keeps 8¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 21.8× earnings.

> Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform.

## Identity

- **Ticker**: GRAB
- **Sector**: Technology
- **Industry**: Software - Application
- **Employees**: 12 012
- **Website**: https://www.grab.com
- **Market cap**: $13.1B
- **Last price**: $3.20
- **Financial profile**: Mixed

## Vitals (FY2025)

- **Revenue**: $3.37B
- **Net income**: $268M
- **Free cash flow**: -$160M
- **Net cash**: $4.50B
- **P/E**: 21.8
- **Revenue growth (YoY)**: 20.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 45 |
| Growth | 45 |
| Profitability | 42 |
| Health | 46 |
| Quality | 30 |
| Moat | 18 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +20.5% YoY
- [x] Profitable — $268M FY2025
- [x] Profit growing — +355.2% YoY
- [ ] Generates cash — -$160M FY2025
- [x] Debt under control — more cash than debt
- [x] Established company — $13.1B market cap
- [x] Not printing shares — +5.6% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [ ] Financially stable — Altman Z -0.0 — distress
- [x] Valuation not extreme — P/E 21.8

## Experience (career milestones)

- **Q3 2026** — 2 open-market insider purchases: ~10.6M shares bought by insiders
- **FY2025** — Turned profitable: $268M net income after a loss year
- **FY2025** — Best year on record: $268M net income
- **FY2022** — Revenue crossed $1B: $1.43B for the year

## Strengths

- High gross margin (43.6%)
- Revenue growing 20.5% year over year
- Net cash position after subtracting debt from cash

## Watch-outs

- Negative free cash flow (-$160.0M)
- Altman Z-Score -0.02 — elevated financial-distress risk
- Thin interest coverage (-3.8×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $675M | -$3.45B | -$856M |
| FY2022 | $1.43B | -$1.68B | $15.0M |
| FY2023 | $2.36B | -$434M | $775M |
| FY2024 | $2.80B | -$105M | -$18.0M |
| FY2025 | $3.37B | $268M | -$160M |

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Source: https://stockcv.com/GRAB — derived from company filings; may be delayed or incomplete. Information, not investment advice.