Grab reported its first full year of net profit in 2025, marking a significant turning point after years of investing for growth.

In Q1 2026, revenue grew 24% year over year to US$955 million, while adjusted EBITDA increased 46% to US$154 million, showing improving operating leverage. Also, Grab continues to generate positive free cash flow and has substantial cash reserves, giving it flexibility for acquisitions, share buybacks, and future investments. The company also announced a US$500 million share repurchase program.If management continues to execute well, Grab has the potential to compound earnings meaningfully over the long term. However, investors should also expect periods of volatility, as sentiment toward growth stocks can shift quickly with changes in interest rates, competition, or regulatory developments.