Grab's Financial Growth Trajectory Post-IPO

Grab's revenue story since going public tells an interesting tale of rapid scaling. The ride-hailing and delivery giant started with a $800M loss back in 2019, but the tide turned quickly. By 2020, the company had already swung to $500M in revenue—a significant pivot from the red.

From there, the growth accelerated steadily. 2021 saw revenue climb to $700M, followed by a notable jump to $1.4B in 2022. That momentum carried through 2023 when the company hit $2.4B in annual revenue. Last year's figures showed continued expansion at $2.8B, with the last twelve months (LTM) reaching $3.2B.

The arc here is worth noting: moving from heavy losses to consistent profitability and aggressive top-line growth within just five years. For investors tracking Southeast Asian tech companies and their profitability milestones, Grab's path from cash burn to a multi-billion revenue operation represents one of the region's more compelling business transformations.