New York, Feb 12, 2026, 05:33 EST — Premarket
- Grab shares fall in premarket after 2026 revenue forecast comes in light
- Company reported first full-year net profit for 2025 and authorized a $500 million buyback
- Grab agreed to buy U.S. investing app Stash in a deal initially valued at $425 million
Grab Holdings’ U.S.-listed shares edged lower in premarket trade on Thursday after the Southeast Asia ride-hailing and delivery firm forecast 2026 revenue below market expectations.
The update lands at an awkward moment for the stock. Investors have been leaning on a profitability story, but the company’s near-term outlook points to a slower grind in its core on-demand businesses.
It also puts focus back on consumer demand in Southeast Asia — and the cost of keeping users loyal. Promotions and discounts can protect volumes, but they can also squeeze margins if rivals don’t blink.
Grab shares were down about 1.9% at $4.23 in premarket trading, after closing at $4.31 on Wednesday.
The company forecast 2026 revenue of $4.04 billion to $4.10 billion, compared with analysts’ average estimate of $4.13 billion, according to LSEG data. It also guided to adjusted EBITDA — a profit measure that strips out interest, tax and depreciation and other items — of $700 million to $720 million, versus expectations of $721.7 million. Grab said fourth-quarter revenue was $906 million, missing estimates, and the stock fell about 4% in extended trading after the results. “We’re going to continue to make our rides affordable,” CFO Peter Oey told Reuters. (Reuters)
Grab said it posted its first full-year net profit in 2025 and ended the year with more than 50 million monthly transacting users. It also authorized a new $500 million share repurchase program, which it said could be executed through open-market purchases or other methods depending on conditions. (Grab)
Alongside the results, Grab disclosed a push to broaden its financial services footprint with an agreement to buy U.S. digital investing platform Stash Financial at an enterprise value of $425 million, paying for 50.1% at closing and the rest over three years at fair market value. The deal is expected to close in the third quarter of 2026, subject to approvals. Grab said Stash has more than $5 billion in assets under management — money managed on behalf of clients — and over one million paying subscribers. “This is a milestone in Grab’s evolution,” CEO Anthony Tan said in the filing. Stash co-CEO Brandon Krieg called the tie-up “a validation of that mission.” (Stock Titan)
The operational question now is whether Grab can keep growing rides and deliveries without leaning harder on incentives. Competition remains tight across Southeast Asia’s on-demand market, where price and delivery fees can swing user behavior quickly.
But there is plenty that can go wrong. A softer consumer backdrop could push Grab into heavier discounting, while the Stash acquisition brings regulatory and execution risk in a market where Grab has limited operating history.
Traders will watch how the stock trades after the U.S. open, and whether management gives more detail on timing for buybacks. Beyond that, the next hard milestone is the Stash closing window in the third quarter of 2026.
