Currenc Group Inc Financials
This page shows Currenc Group Inc (CURR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Currenc Group Inc has an operating margin of -59.0%, meaning the company retains $-59 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -12.5% the prior year.
Currenc Group Inc's revenue declined 12.8% year-over-year, from $53.3M to $46.4M. This contraction results in a growth score of 12/100.
Currenc Group Inc's current ratio of 0.60 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 6/100, which could limit financial flexibility.
Currenc Group Inc has a free cash flow margin of 6.2%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Currenc Group Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Currenc Group Inc generates $-0.09 in operating cash flow ($3.5M OCF vs -$39.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Currenc Group Inc generated $46.4M in revenue in fiscal year 2024. This represents a decrease of 12.8% from the prior year.
Currenc Group Inc's EBITDA was -$24.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 769.1% from the prior year.
Currenc Group Inc reported -$39.5M in net income in fiscal year 2024. This represents a decrease of 157.9% from the prior year.
Currenc Group Inc earned $-1.03 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 128.9% from the prior year.
Cash & Balance Sheet
Currenc Group Inc generated $2.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 118.4% from the prior year.
Currenc Group Inc held $63.8M in cash against $3.7M in long-term debt as of fiscal year 2024.
Currenc Group Inc had 47M shares outstanding in fiscal year 2024. This represents an increase of 36.9% from the prior year.
Margins & Returns
Currenc Group Inc's gross margin was 31.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.
Currenc Group Inc's operating margin was -59.0% in fiscal year 2024, reflecting core business profitability. This is down 46.5 percentage points from the prior year.
Currenc Group Inc's net profit margin was -85.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 56.3 percentage points from the prior year.
Capital Allocation
Currenc Group Inc invested $577K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 97.6% from the prior year.
CURR Income Statement
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1M | N/A | $11.3M | N/A | $13.1M | N/A | $12.7M | N/A |
| Cost of Revenue | $6.9M | N/A | $8.1M | N/A | $8.7M | N/A | $8.6M | N/A |
| Gross Profit | $3.2M | N/A | $3.1M | N/A | $4.4M | N/A | $4.1M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.5M | N/A | $19.1M | N/A | $5.8M | N/A | $6.5M | N/A |
| Operating Income | -$4.3M | N/A | -$15.9M-2866.1% | -$537K+62.2% | -$1.4M | N/A | -$2.3M-365.9% | -$497K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $48K | N/A | $86K | N/A | $71K | N/A | $226K | N/A |
| Net Income | -$4.7M | N/A | -$5.0M-2950.3% | $174K+105.7% | -$3.0M | N/A | -$3.8M-630.6% | $722K |
| EPS (Diluted) | $-0.13 | N/A | $-0.13 | N/A | $-0.09 | N/A | $-0.11 | N/A |
CURR Balance Sheet
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $110.8M+5.8% | $104.7M-8.9% | $115.0M+107.3% | $55.5M+1.7% | $54.5M-61.5% | $141.5M+72.5% | $82.0M-21.1% | $103.9M |
| Current Assets | $93.9M+7.4% | $87.5M+6.0% | $82.5M+939904.7% | $9K-7.2% | $9K-100.0% | $103.4M+128342.7% | $80K+581.1% | $12K |
| Cash & Equivalents | $62.3M-2.4% | $63.8M+30.1% | $49.1M+558674.7% | $9K-7.2% | $9K-100.0% | $48.5M+60189.5% | $80K+581.1% | $12K |
| Inventory | N/A | $89K | N/A | N/A | N/A | $126K | N/A | N/A |
| Accounts Receivable | $2.1M-0.6% | $2.1M-19.9% | $2.6M | N/A | N/A | $2.5M | N/A | N/A |
| Goodwill | $12.1M0.0% | $12.1M-55.3% | $27.0M | N/A | N/A | $27.0M | N/A | N/A |
| Total Liabilities | $179.1M+5.0% | $170.7M+5.4% | $161.9M+142.1% | $66.9M+2.3% | $65.4M-63.2% | $177.7M+92.7% | $92.2M-18.8% | $113.6M |
| Current Liabilities | $153.7M+5.8% | $145.4M+6.4% | $136.7M+2421.1% | $5.4M+11.0% | $4.9M-97.2% | $173.9M+3989.3% | $4.3M+17.1% | $3.6M |
| Long-Term Debt | $3.7M-0.2% | $3.7M-81.7% | $20.1M | N/A | N/A | $2.5M | N/A | N/A |
| Total Equity | -$68.4M-3.6% | -$66.0M-40.5% | -$47.0M-311.4% | -$11.4M-4.9% | -$10.9M+82.7% | -$62.8M-517.0% | -$10.2M-5.7% | -$9.6M |
| Retained Earnings | -$136.2M-3.6% | -$131.5M-26.6% | -$103.9M-810.0% | -$11.4M-4.9% | -$10.9M+88.2% | -$92.1M-805.2% | -$10.2M-5.7% | -$9.6M |
CURR Cash Flow Statement
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-109.8% | $15.1M+233.6% | -$11.3M-8604.4% | -$130K+41.1% | -$221K+95.0% | -$4.4M+57.7% | -$10.5M-5033.6% | -$205K |
| Capital Expenditures | $175K | N/A | N/A | N/A | $12K | N/A | N/A | N/A |
| Free Cash Flow | -$1.7M | N/A | N/A | N/A | -$233K | N/A | N/A | N/A |
| Investing Cash Flow | -$175K+12.6% | -$200K+99.3% | -$30.1M-201.2% | $29.7M+259972.9% | -$11K-100.7% | $1.6M+101.5% | -$108.0M-12317.7% | -$870K |
| Financing Cash Flow | $142K+187.1% | -$163K-100.5% | $31.6M+205.7% | -$29.9M-6451.3% | $470K+144.8% | -$1.0M-101.0% | $107.6M+11290.1% | $945K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0-100.0% | $30.3M | $0-100.0% | $23.8M | $0 |
CURR Financial Ratios
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.8% | N/A | 27.8% | N/A | 33.6% | N/A | 32.5% | N/A |
| Operating Margin | -43.0% | N/A | -141.5% | N/A | -10.8% | N/A | -18.2% | N/A |
| Net Margin | -46.5% | N/A | -44.1% | N/A | -23.2% | N/A | -30.1% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.2% | N/A | -4.3%-4.6pp | 0.3%+5.9pp | -5.6% | N/A | -4.7%-5.4pp | 0.7% |
| Current Ratio | 0.610.0 | 0.600.0 | 0.60+0.6 | 0.000.0 | 0.00-0.6 | 0.59+0.6 | 0.02+0.0 | 0.00 |
| Debt-to-Equity | -0.050.0 | -0.06+0.4 | -0.43+5.4 | -5.86+0.2 | -6.01-6.0 | -0.04+9.0 | -9.07+2.7 | -11.81 |
| FCF Margin | -16.5% | N/A | N/A | N/A | -1.8% | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$66.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Currenc Group Inc's annual revenue?
Currenc Group Inc (CURR) reported $46.4M in total revenue for fiscal year 2024. This represents a -12.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Currenc Group Inc's revenue growing?
Currenc Group Inc (CURR) revenue declined by 12.8% year-over-year, from $53.3M to $46.4M in fiscal year 2024.
Is Currenc Group Inc profitable?
No, Currenc Group Inc (CURR) reported a net income of -$39.5M in fiscal year 2024, with a net profit margin of -85.0%.
What is Currenc Group Inc's EBITDA?
Currenc Group Inc (CURR) had EBITDA of -$24.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Currenc Group Inc have?
As of fiscal year 2024, Currenc Group Inc (CURR) had $63.8M in cash and equivalents against $3.7M in long-term debt.
What is Currenc Group Inc's gross margin?
Currenc Group Inc (CURR) had a gross margin of 31.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Currenc Group Inc's operating margin?
Currenc Group Inc (CURR) had an operating margin of -59.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Currenc Group Inc's net profit margin?
Currenc Group Inc (CURR) had a net profit margin of -85.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Currenc Group Inc's free cash flow?
Currenc Group Inc (CURR) generated $2.9M in free cash flow during fiscal year 2024. This represents a 118.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Currenc Group Inc's operating cash flow?
Currenc Group Inc (CURR) generated $3.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Currenc Group Inc's total assets?
Currenc Group Inc (CURR) had $104.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Currenc Group Inc's capital expenditures?
Currenc Group Inc (CURR) invested $577K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Currenc Group Inc's current ratio?
Currenc Group Inc (CURR) had a current ratio of 0.60 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Currenc Group Inc's debt-to-equity ratio?
Currenc Group Inc (CURR) had a debt-to-equity ratio of -0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Currenc Group Inc's return on assets (ROA)?
Currenc Group Inc (CURR) had a return on assets of -37.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Currenc Group Inc's debt-to-equity ratio negative or unusual?
Currenc Group Inc (CURR) has negative shareholder equity of -$66.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Currenc Group Inc's Piotroski F-Score?
Currenc Group Inc (CURR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Currenc Group Inc's earnings high quality?
Currenc Group Inc (CURR) has an earnings quality ratio of -0.09x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Currenc Group Inc?
Currenc Group Inc (CURR) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.