Currenc Group Inc Financials
Currenc Group Inc (CURR) reported $37.8M in revenue for fiscal year 2025, down 18.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Cash generation has turned positive even as sales shrink, revealing a leaner, less capital-hungry model and better cash conversion.
Across FY2023-FY2025, gross margin expanded from32.6% to40.8% even as sales shrank, which suggests lower-margin activity is fading from the mix rather than the company simply selling less of the same work. Cash conversion improved faster than earnings: FY2025 produced$7.9M of operating cash flow and$7.4M of free cash flow despite a large net loss, so the current model is far less cash-consuming than the income statement alone implies.
Liquidity has been repaired without much reliance on borrowing: cash reserves reached
The narrowing operating loss looks more like cost discipline than scale benefits, because SG&A fell from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Currenc Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Currenc Group Inc, and counted as zero in the overall score.
Currenc Group Inc scores 0.41, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($405.3M) relative to total liabilities ($119.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Currenc Group Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Currenc Group Inc reported a net loss of $18.4M while generating $7.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Currenc Group Inc generated $37.8M in revenue in fiscal year 2025. This represents a decrease of 18.6% from the prior year.
Currenc Group Inc's EBITDA was -$5.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 76.1% from the prior year.
Currenc Group Inc reported -$18.4M in net income in fiscal year 2025. This represents an increase of 53.3% from the prior year.
Cash & Balance Sheet
Currenc Group Inc generated $7.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 157.0% from the prior year.
Currenc Group Inc held $75.2M in cash against $1.2M in long-term debt as of fiscal year 2025, with $90.3M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Currenc Group Inc's gross margin was 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 9.4 percentage points from the prior year.
Currenc Group Inc's operating margin was -21.0% in fiscal year 2025, reflecting core business profitability. This is up 38.0 percentage points from the prior year.
Currenc Group Inc's net profit margin was -48.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 36.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Currenc Group Inc invested $479K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 16.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CURR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue | $37.8M-18.6% | $46.4M-12.8% | $53.3M | N/A |
| Cost of Revenue | $22.4M-29.7% | $31.8M-11.3% | $35.9M | N/A |
| Gross Profit | $15.4M+5.7% | $14.6M-15.9% | $17.4M | N/A |
| SG&A Expenses | $23.4M-44.3% | $42.0M+75.0% | $24.0M | N/A |
| Operating Income | -$7.9M+71.0% | -$27.4M-311.9% | -$6.6M-64.3% | -$4.0M |
| Income Tax | $149K-74.2% | $578K+10.5% | $523K | N/A |
| Net Income | -$18.4M+53.3% | -$39.5M-157.9% | -$15.3M-1276.5% | -$1.1M |
| EPS (Diluted) | -$0.30 | -$1.03-128.9% | -$0.45 | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
CURR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $114.1M+9.0% | $104.7M-26.0% | $141.5M-32.4% | $209.3M |
| Current Assets | $101.0M+15.5% | $87.5M-15.4% | $103.4M+28139.4% | $366K |
| Cash & Equivalents | $75.2M+17.9% | $63.8M+31.5% | $48.5M+17772.1% | $271K |
| Inventory | $31K-65.8% | $89K-29.1% | $126K | N/A |
| Accounts Receivable | $1.2M-41.1% | $2.1M-13.7% | $2.5M | N/A |
| Goodwill | $9.7M-19.3% | $12.1M-55.3% | $27.0M | N/A |
| Total Liabilities | $119.7M-29.8% | $170.7M-3.9% | $177.7M-18.4% | $217.8M |
| Current Liabilities | $90.3M-37.9% | $145.4M-16.4% | $173.9M+5991.1% | $2.9M |
| Long-Term Debt | $1.2M-68.8% | $3.7M+47.0% | $2.5M | N/A |
| Total Equity | -$5.7M+91.4% | -$66.0M-5.1% | -$62.8M-639.3% | -$8.5M |
| Retained Earnings | -$150.0M-14.0% | -$131.5M-42.8% | -$92.1M-984.7% | -$8.5M |
CURR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Cash Flow | $7.9M+127.9% | $3.5M+122.6% | -$15.3M-1920.1% | -$757K |
| Capital Expenditures | $479K-16.9% | $577K+97.6% | $292K | N/A |
| Free Cash Flow | $7.4M+157.0% | $2.9M+118.4% | -$15.6M | N/A |
| Investing Cash Flow | -$478K+15.3% | -$565K-139.1% | $1.4M+148.2% | -$3.0M |
| Financing Cash Flow | $4.0M+99.9% | $2.0M+268.4% | -$1.2M-139.9% | $3.0M |
| Share Buybacks | N/A | N/A | $133.1M | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
CURR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 40.8%+9.4pp | 31.4%-1.2pp | 32.6% | N/A |
| Operating Margin | -21.0%+38.0pp | -59.0%-46.5pp | -12.5% | N/A |
| Net Margin | -48.7%+36.3pp | -85.0%-56.3pp | -28.7% | N/A |
| Return on Assets | -16.2%+21.6pp | -37.7%-26.9pp | -10.8%-10.3pp | -0.5% |
| Current Ratio | 1.12+0.5x | 0.600.0x | 0.59+0.5x | 0.13 |
| FCF Margin | 19.5%+13.3pp | 6.2%+35.4pp | -29.3% | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$5.7M), 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.
Where Currenc Group Inc Ranks
Frequently Asked Questions
What is Currenc Group Inc's annual revenue?
Currenc Group Inc (CURR) reported $37.8M in total revenue for fiscal year 2025. This represents a -18.6% 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 18.6% year-over-year, from $46.4M to $37.8M in fiscal year 2025.
Is Currenc Group Inc profitable?
No, Currenc Group Inc (CURR) reported a net income of -$18.4M in fiscal year 2025, with a net profit margin of -48.7%.
What is Currenc Group Inc's EBITDA?
Currenc Group Inc (CURR) had EBITDA of -$5.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Currenc Group Inc have?
As of fiscal year 2025, Currenc Group Inc (CURR) had $75.2M in cash and equivalents against $1.2M in long-term debt.
What is Currenc Group Inc's gross margin?
Currenc Group Inc (CURR) had a gross margin of 40.8% in fiscal year 2025, 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 -21.0% in fiscal year 2025, 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 -48.7% in fiscal year 2025, 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 $7.4M in free cash flow during fiscal year 2025. This represents a 157.0% 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 $7.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Currenc Group Inc's total assets?
Currenc Group Inc (CURR) had $114.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Currenc Group Inc's capital expenditures?
Currenc Group Inc (CURR) invested $479K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Currenc Group Inc's current ratio?
Currenc Group Inc (CURR) had a current ratio of 1.12 as of fiscal year 2025, which is considered adequate.
What is Currenc Group Inc's return on assets (ROA)?
Currenc Group Inc (CURR) had a return on assets of -16.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Currenc Group Inc's debt-to-equity ratio negative or not reported?
Currenc Group Inc (CURR) has negative shareholder equity of -$5.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Currenc Group Inc (CURR) has an Altman Z-Score of 0.41, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Currenc Group Inc's Piotroski F-Score?
Currenc Group Inc (CURR) has a Piotroski F-Score of 6 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 to 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) reported a net loss of $18.4M while generating $7.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 46 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.