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 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
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.
Currenc Group Inc has an operating margin of -21.0%, meaning the company retains $-21 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 up from -59.0% the prior year.
Currenc Group Inc's revenue declined 18.6% year-over-year, from $46.4M to $37.8M. This contraction results in a growth score of 7/100.
Currenc Group Inc's current ratio of 1.12 is below the typical benchmark, resulting in a score of 17/100. However, the company holds substantial cash reserves (83% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Currenc Group Inc has a free cash flow margin of 19.5%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
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.
For every $1 of reported earnings, Currenc Group Inc generates $-0.43 in operating cash flow ($7.9M OCF vs -$18.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Currenc Group Inc earns $-3.2 in operating income for every $1 of interest expense (-$7.9M vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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.
Currenc Group Inc earned $-0.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 70.9% 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.
Currenc Group Inc had 77M shares outstanding in fiscal year 2025. This represents an increase of 64.7% from the prior year.
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.
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.
CURR Income Statement
| Metric | Q4'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $10.1M | N/A | $11.3M | N/A | $13.1M | N/A | $12.7M |
| Cost of Revenue | N/A | $6.9M | N/A | $8.1M | N/A | $8.7M | N/A | $8.6M |
| Gross Profit | N/A | $3.2M | N/A | $3.1M | N/A | $4.4M | N/A | $4.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $7.5M | N/A | $19.1M | N/A | $5.8M | N/A | $6.5M |
| Operating Income | N/A | -$4.3M | N/A | -$15.9M-2866.1% | -$537K+62.2% | -$1.4M | N/A | -$2.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $48K | N/A | $86K | N/A | $71K | N/A | $226K |
| Net Income | N/A | -$4.7M | N/A | -$5.0M-2950.3% | $174K+105.7% | -$3.0M | N/A | -$3.8M |
| EPS (Diluted) | N/A | $-0.13 | N/A | $-0.13 | N/A | $-0.09 | N/A | $-0.11 |
CURR Balance Sheet
| Metric | Q4'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $114.1M+3.0% | $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 |
| Current Assets | $101.0M+7.5% | $93.9M+7.4% | $87.5M+6.0% | $82.5M+939904.7% | $9K-7.2% | $9K-100.0% | $103.4M+128342.7% | $80K |
| Cash & Equivalents | $75.2M+20.8% | $62.3M-2.4% | $63.8M+30.1% | $49.1M+558674.7% | $9K-7.2% | $9K-100.0% | $48.5M+60189.5% | $80K |
| Inventory | $31K | N/A | $89K | N/A | N/A | N/A | $126K | N/A |
| Accounts Receivable | $1.2M-40.8% | $2.1M-0.6% | $2.1M-19.9% | $2.6M | N/A | N/A | $2.5M | N/A |
| Goodwill | $9.7M-19.3% | $12.1M0.0% | $12.1M-55.3% | $27.0M | N/A | N/A | $27.0M | N/A |
| Total Liabilities | $119.7M-33.2% | $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 |
| Current Liabilities | $90.3M-41.3% | $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 |
| Long-Term Debt | $1.2M-68.7% | $3.7M-0.2% | $3.7M-81.7% | $20.1M | N/A | N/A | $2.5M | N/A |
| Total Equity | -$5.7M+91.7% | -$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 |
| Retained Earnings | -$150.0M-10.1% | -$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 |
CURR Cash Flow Statement
| Metric | Q4'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$1.5M-109.8% | $15.1M+233.6% | -$11.3M-8604.4% | -$130K+41.1% | -$221K+95.0% | -$4.4M+57.7% | -$10.5M |
| Capital Expenditures | N/A | $175K | N/A | N/A | N/A | $12K | N/A | N/A |
| Free Cash Flow | N/A | -$1.7M | N/A | N/A | N/A | -$233K | N/A | N/A |
| Investing Cash Flow | N/A | -$175K+12.6% | -$200K+99.3% | -$30.1M-201.2% | $29.7M+259972.9% | -$11K-100.7% | $1.6M+101.5% | -$108.0M |
| Financing Cash Flow | N/A | $142K+187.1% | -$163K-100.5% | $31.6M+205.7% | -$29.9M-6451.3% | $470K+144.8% | -$1.0M-101.0% | $107.6M |
| 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 | N/A | $0-100.0% | $30.3M | $0-100.0% | $23.8M |
CURR Financial Ratios
| Metric | Q4'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 31.8% | N/A | 27.8% | N/A | 33.6% | N/A | 32.5% |
| Operating Margin | N/A | -43.0% | N/A | -141.5% | N/A | -10.8% | N/A | -18.2% |
| Net Margin | N/A | -46.5% | N/A | -44.1% | N/A | -23.2% | N/A | -30.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -4.2% | N/A | -4.3%-4.6pp | 0.3%+5.9pp | -5.6% | N/A | -4.7% |
| Current Ratio | 1.12+0.5 | 0.610.0 | 0.600.0 | 0.60+0.6 | 0.000.0 | 0.00-0.6 | 0.59+0.6 | 0.02 |
| Debt-to-Equity | -0.20-0.1 | -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 |
| FCF Margin | N/A | -16.5% | N/A | N/A | N/A | -1.8% | N/A | N/A |
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.
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 debt-to-equity ratio?
Currenc Group Inc (CURR) had a debt-to-equity ratio of -0.20 as of fiscal year 2025, 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 -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 unusual?
Currenc Group Inc (CURR) has negative shareholder equity of -$5.7M as of fiscal year 2025, 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 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) has an earnings quality ratio of -0.43x, 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.
Can Currenc Group Inc cover its interest payments?
Currenc Group Inc (CURR) has an interest coverage ratio of -3.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Currenc Group Inc?
Currenc Group Inc (CURR) scores 11 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.