Ryde 1H 2026 adjusted EBITDA loss narrows 37% to S$1.9 million; revenue rises 17% to S$6.7 million
RYDE•Ryde reported 1H 2026 revenue of S$6.7 million, up 17% year on year, while its adjusted EBITDA loss narrowed 37% to S$1.9 million. It also completed a US$14.9 million private offering in April 2026.
1. Results and financing
Ryde said revenue rose 17% year on year to S$6.7 million in the first half of 2026, while its adjusted EBITDA loss narrowed 37% to S$1.9 million. Management cited a refreshed brand and app experience and expanded mobility offerings, including RydePET XL. The company completed a US$14.9 million private offering in April 2026 to strengthen its financial position and support future growth.
2. Legal proceedings
Ryde flagged ongoing legal proceedings, including a Cayman Islands shareholder petition and a putative U.S. class action in New York.
