Quote data as of 6:07 AM ET
Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers. The company was incorporated in 2017 and is headquartered in Dubai, the United Arab Emirates.
Swvl reported Q1 2026 revenue of $8.2 million, up 68% year-over-year, driven primarily by a 111% surge in GCC revenue to $3.6 million.
The company demonstrated strong operating leverage, narrowing its operating loss by 71% to $0.17 million while keeping operating expenses flat at $1.9 million.
Revenue quality improved with net dollar retention at 114% and recurring revenue representing 88% of the total, while dollar-pegged revenue grew 111% to mitigate FX exposure.