ANI Technologies (Ola Consumer / Ola Cabs)
Financial Performance
Ola Revenue & Financials
Revenue
~$135.8M (FY2025)
What is Ola's revenue?
Ola had ~$135.8M in revenue for fiscal year 2025, down 41.8% from 2024. It reported a net loss of ~$76.8M.
- Latest revenue
- ~$135.8M (FY2025)
- Year-over-year
- -41.8%
- Growth rate (CAGR)
- -31.3% over 2 years
- Peak revenue
- ~$287.8M (FY2023)
- Years of data
- 3
- How much profit does Ola make?
- Ola reported a net loss of ~$76.8M for fiscal year 2025. livemint.com
Financial Analysis
ANI Technologies' consolidated revenue from operations fell from ~$233 million (₹2,011.9 crore) in FY24 to ~$136 million (₹1,170.9 crore) in FY25, and the net loss widened from ~$38.1 million (₹328.7 crore) to ~$76.8 million (₹662.4 crore). Including a ~$152 million (₹1,312 crore) drop in the value of its Ola Electric shares, the consolidated loss was ~$229 million (₹1,974.7 crore). Standalone revenue fell 44% to ~$123 million (₹1,060 crore). The company has written off goodwill from shut businesses (used cars, cloud kitchens, grocery) and the Avail Finance-linked Goddard Technical Solution unit. People familiar with the matter told the Economic Times it turned free-cash-flow positive in H2 FY26 after headcount cuts and the subscription shift. ANI Technologies, operating as Ola (or Ola Cabs), is India's dominant ridesharing company, sustaining a massive private market valuation generally exceeding $5 billion.
Revenue Trend Analysis
YoY Change
-41.8%
2-Year CAGR
-31.3%
Peak Year
2023
Trend
Not enough comparable years
ANI Technologies (Ola Consumer / Ola Cabs) has 3 full fiscal year figures on this page, compounding at -31.3% annually over 2 years. The most recent year saw a 41.8% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$287.8M. Of 2 comparable year-over-year steps, 0 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$135.8M | -~$76.8M | -41.8% | ANI Technologies FY25 consolidated financial statements (via Mint, Entrackr) Consolidated revenue from operations, fiscal year ended 31 March 2025. Including the ~$152 million (₹1,312 crore) fall in Ola Electric share value, the consolidated loss was ~$229 million (₹1,974.7 crore). |
| FY2024 | ~$233.4M | -~$38.1M | -18.9% | ANI Technologies FY25 consolidated financial statements (via Entrackr) Consolidated revenue from operations, fiscal year ended 31 March 2024. Net loss excludes Ola Electric share revaluation. |
| FY2023 | ~$287.8M | -~$89.6M | — | ANI Technologies FY23 consolidated financial statements (via Business Standard) Consolidated revenue from operations and net loss for the fiscal year ended 31 March 2023, reported from the company's regulatory filings. |
Click any row to see year details.
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Keep researching Ola
Ola Revenue and Financial FAQ
What was Ola's FY25 revenue?
~$136 million (₹1,170.9 crore) in revenue from operations, down 42% from ~$233 million (₹2,011.9 crore) in FY24.
How much did Ola lose in FY25?
The net loss was ~$76.8 million (₹662.4 crore) versus ~$38.1 million (₹328.7 crore) in FY24. Including a ~$152 million (₹1,312 crore) fall in the value of its Ola Electric shares, the consolidated loss was ~$229 million (₹1,974.7 crore).
Is Ola profitable?
No, Ola reported losses in FY24 and FY25. Sources told the Economic Times it turned free-cash-flow positive in the second half of FY26; audited FY26 figures had not been publicly reported.
What is Ola's valuation in 2026?
Vanguard marked ANI Technologies at about $70 million as of February 28, 2026, versus a 2021 peak of $7.3 billion.
How much cash does Ola have?
At March 2025, cash and cash equivalents were ~$20.9 million (₹180.3 crore) and bank balances ~$54.8 million (₹472.5 crore), down from ~$43.4 million (₹374.1 crore) and ~$118 million (₹1,020.7 crore) a year earlier.
How did Ola achieve standalone operating profitability in its core mobility business?
By cutting unprofitable driver and passenger subsidies, shutting down international operations in the UK and Australia, automating customer support, and replacing third-party software licenses (such as Google Maps) with in-house Ola Maps, ANI Technologies achieved positive standalone mobility EBITDA.
What is SoftBank's ownership stake in ANI Technologies?
SoftBank Vision Fund is the largest single shareholder in ANI Technologies, holding an approximate 40% equity stake after investing hundreds of millions during the peak ride-hailing wars between 2014 and 2019.
How have institutional mutual funds marked ANI Technologies' corporate valuation over time?
After peaking at an approximate $7.3 billion private valuation in 2021, institutional investors (including Vanguard and Fidelity) marked down Ola's implied valuation to between $1.5 billion and $2.0 billion due to tech sector revaluations and slower ride-hailing growth.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Ola Revenue & Financials." CorpDigest, https://corpdigest.com/company/ola/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Ola reported ~$135.8M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/ola/financials" target="_blank" rel="noopener">CorpDigest — Ola financials</a></div>Related Financial Audits
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