SINGAPORE, July 21, 2026, 05:08 SGT
- Shares ended Monday at $3.62, up 1.5%, recovering from a 9.2% loss in the previous week.
- On Monday, net cash liquidity for March represented around 35% of the company’s total market capitalisation.
- Grab will announce its second-quarter earnings after U.S. markets close on August 3.
Shares of Grab Holdings Limited NASDAQ:GRAB rose 1.5% to $3.62 on Monday. U.S. markets had shut beforehand. In the previous week, the share price declined by 9.2%.
Grab ended March with net cash liquidity totaling $5.0 billion. As of Monday, the company was valued at $14.3 billion in market capitalisation, putting its liquidity at approximately 35% of its total market value.
Initial calculations show that excluding the company’s specified cash metric results in approximately $9.3 billion overall, reflecting 13.1 times the midpoint of estimated adjusted EBITDA for 2026.
The model adopts a conservative stance. Grab’s evaluation of liquidity factors in restricted cash and marketable securities, but does not account for the Stash deal closure projected for July or the contingent repurchase agreement also due that month.
The change during the week was notable.
| Trading checkpoint | Price or change |
|---|---|
| Close on July 10 | $3.93 |
| Close on July 17 | $3.57 |
| Weekly change | -9.2% |
| Close on July 20 | $3.62 |
| Monday’s range | $3.56-$3.68 |
Historical closing figures are provided by S&P Global Market Intelligence.
Monday saw 34.2 million shares traded, marking a 17% decline from Friday’s trading volume. The recovery recovered just 14% of last week’s 36-cent loss.
Operational performance outpaced the latest movement in the company’s shares. Revenue for the first quarter rose 24% to $955 million, with adjusted EBITDA increasing 46% to $154 million.
In May, CFO Peter Oey stated, “This strong start keeps us firmly on track.” Grab maintained its revenue outlook at $4.04 billion to $4.10 billion and reiterated its adjusted EBITDA forecast of $700 million to $720 million.
In February, analyst consensus was roughly 1.5% higher than both guidance midpoints, resulting in minimal buffer for a slowdown in platform growth.
The present guide details the expected rate moving forward.
| Metric | Q1 2026 reported | FY2026 outlook | Needed in Q2-Q4 | Growth needed compared to Q2-Q4 2025 |
|---|---|---|---|---|
| Revenue | $955m | $4.04bn-$4.10bn | $3.085bn-$3.145bn | 18.8%-21.1% |
| Adjusted EBITDA | $154m | $700m-$720m | $546m-$566m | 38.6%-43.7% |
The figures are based on an estimated 2025 revenue of $3.37 billion and an adjusted EBITDA of $500 million, each excluding first-quarter results.
The revenue threshold allows for a deceleration from the 24% increase recorded in Q1. Meeting the profit goal will be tougher, with future quarters each needing to deliver an average profit ranging from $182 million to $189 million.
Financial services play a growing role in the trial. Grab’s gross loan portfolio rose to $1.438 billion, an increase of 130%. This accounted for about 29% of net cash liquidity as of the end of March.
Financial services revenue increased 43%, as the adjusted EBITDA loss narrowed to $17 million. Impairment losses for the group climbed 45% to $48 million.
A forthcoming change in accounting will impact earnings. Grab started including Superbank IDX:SUPA in its consolidated financial statements from May. The company stated it will provide revised group guidance in August.
No more Grab developments are anticipated for the remainder of the week. The next significant event will take place on August 3, after U.S. market hours. Investors remain focused on tracking EBITDA run rate and monitoring credit costs.
Risks: Accelerated lending may drive up credit expenses. Greater fuel aid and enhanced incentives could impact margins. Cash deployment after March might lessen the valuation buffer.
Related articles: NASDAQ:GRAB
