Currenc Group Inc. (CURR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CURR SEC filings page.
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).
CURRENC remains loss-making, but FY2025 shows cost reduction and better cash conversion despite a smaller revenue base.
Revenue fell in FY2025 while gross margin expanded to40.8% from31.4% , pointing to a more profitable mix or lower direct costs rather than growth-driven leverage. Operating cash flow reached$7.9M while SG&A fell sharply, linking cash improvement to overhead reduction even though net income remained negative.
The business is not yet profitable: FY2025 net loss was
Total liabilities fell to
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.
Currenc Group Inc. held $75.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $7.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Currenc Group Inc. scores 86/100 among other emerging companies.
Currenc Group Inc. had 77M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Currenc Group Inc. scores 20/100 among other emerging companies.
Not available for Currenc Group Inc., and counted as zero in the overall score.
Currenc Group Inc. reported revenue of $37.8M in fiscal year 2025, against $46.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Currenc Group Inc. scores 24/100 among other emerging companies.
Currenc Group Inc.'s operations generated $7.9M of cash in fiscal year 2025, against $3.5M generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Currenc Group Inc. scores 92/100 among other emerging companies.
Currenc Group Inc.'s cash, cash equivalents and investments came to $75.2M at the end of fiscal year 2025, against $119.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Currenc Group Inc. scores 48/100 among other emerging companies.
Currenc Group Inc. scores -0.09, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($305.4M) 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Currenc Group Inc. held $75.2M in cash against $1.2M in long-term debt as of Q4 2025, with $90.3M of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q1'2510-Q | Q4'2420-F | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $10.1M-23.3% | N/A | $11.3M-11.6% | N/A | $13.1M | N/A | $12.7M |
| Cost of Revenue | N/A | $6.9M-21.2% | N/A | $8.1M-5.5% | N/A | $8.7M | N/A | $8.6M |
| Gross Profit | N/A | $3.2M-27.4% | N/A | $3.1M-24.3% | N/A | $4.4M | N/A | $4.1M |
| SG&A Expenses | N/A | $7.5M+29.2% | N/A | $19.1M+195.5% | N/A | $5.8M | N/A | $6.5M |
| Operating Income | N/A | -$4.3M-204.1% | N/A | -$15.9M-588.1% | -$537K-8.1% | -$1.4M-124.5% | N/A | -$2.3M-107.0% |
| EBITDA | N/A | -$3.8M-753.3% | N/A | N/A | N/A | -$447K | N/A | N/A |
| Income Tax | N/A | $48K-31.3% | N/A | $86K-62.0% | N/A | $71K | N/A | $226K |
| Net Income | N/A | -$4.7M-54.0% | N/A | -$5.0M-29.5% | $174K-75.9% | -$3.0M-404.0% | N/A | -$3.8M-1794.7% |
| EPS (Basic) | N/A | -$0.13-44.4% | -$0.70-438.5% | -$0.13-18.2% | N/A | -$0.09 | -$0.13 | -$0.11-1000.0% |
| EPS (Diluted) | N/A | -$0.13-44.4% | -$0.70-438.5% | -$0.13-18.2% | N/A | -$0.09 | -$0.13 | -$0.11 |
| Diluted Shares (Avg) | N/A | 35M+4.1% | N/A | 38M+12.3% | N/A | 34M | N/A | 34M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q1'2510-Q | Q4'2420-F | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $114.1M+9.0% | $110.8M+103.2% | $104.7M-26.0% | $115.0M+40.1% | $55.5M-46.6% | $54.5M-46.5% | $141.5M-32.4% | $82.0M-60.0% |
| Current Assets | $101.0M+15.5% | $93.9M+993127.0% | $87.5M-15.4% | $82.5M+102459.1% | $9K-25.7% | $9K-93.3% | $103.4M+28139.4% | $80K-87.8% |
| Cash & Equivalents | $75.2M+17.9% | $62.3M+658604.8% | $63.8M+31.5% | $49.1M+60865.1% | $9K-25.7% | $9K-93.3% | $48.5M+17772.1% | $80K-85.4% |
| Short-Term Investments | $0 | $0 | $0-100.0% | $0 | $0 | $0 | $300K | $0 |
| Inventory | $31K-65.8% | N/A | $89K-29.1% | N/A | N/A | N/A | $126K | N/A |
| Accounts Receivable | $1.2M-41.1% | $2.1M | $2.1M-13.7% | $2.6M | N/A | N/A | $2.5M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $9.7M-19.3% | $12.1M | $12.1M-55.3% | $27.0M | N/A | N/A | $27.0M | N/A |
| Total Liabilities | $119.7M-29.8% | $179.1M+174.0% | $170.7M-3.9% | $161.9M+75.6% | $66.9M-41.1% | $65.4M-41.1% | $177.7M-18.4% | $92.2M-56.5% |
| Current Liabilities | $90.3M-37.9% | $153.7M+3047.7% | $145.4M-16.4% | $136.7M+3114.4% | $5.4M+49.3% | $4.9M+49.7% | $173.9M+5991.1% | $4.3M+116.7% |
| Non-Current Liabilities | $5.2M+377.6% | $936K-98.5% | $1.1M-71.7% | $1.0M-98.8% | $61.5M-44.1% | $60.5M-43.9% | $3.8M-98.2% | $87.9M-58.2% |
| Long-Term Debt | $1.2M-68.8% | $3.7M | $3.7M+47.0% | $20.1M | N/A | N/A | $2.5M | N/A |
| Total Equity | -$5.7M+91.4% | -$68.4M-528.8% | -$66.0M-5.1% | -$47.0M-361.6% | -$11.4M-18.7% | -$10.9M-19.2% | -$62.8M-639.3% | -$10.2M-39.3% |
| Retained Earnings | -$150.0M-14.0% | -$136.2M-1152.3% | -$131.5M-42.8% | -$103.9M-921.0% | -$11.4M-18.7% | -$10.9M-19.2% | -$92.1M-984.7% | -$10.2M-39.3% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q1'2510-Q | Q4'2420-F | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$1.5M-573.3% | $15.1M+440.4% | -$11.3M-7.7% | -$130K+36.5% | -$221K-70.1% | -$4.4M-1802.0% | -$10.5M-3771.2% |
| Depreciation & Amortization | N/A | $509K-47.7% | $106K-89.9% | N/A | N/A | $974K | $1.0M | N/A |
| Stock-Based Compensation | N/A | $2.2M | N/A | $13.1M | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | $175K+1352.6% | N/A | N/A | N/A | $12K | N/A | N/A |
| Free Cash Flow | N/A | -$1.7M-613.7% | N/A | N/A | N/A | -$233K | N/A | N/A |
| Investing Cash Flow | N/A | -$175K-1425.5% | -$200K-112.3% | -$30.1M+72.1% | $29.7M+3518.1% | -$11K-100.0% | $1.6M | -$108.0M |
| Financing Cash Flow | N/A | $142K-69.9% | -$163K+84.5% | $31.6M-70.7% | -$29.9M-3261.9% | $470K+100.4% | -$1.0M-135.5% | $107.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $30.3M-72.3% | $0 | $23.8M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q1'2510-Q | Q4'2420-F | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 31.8%-1.8pp | N/A | 27.8%-4.7pp | N/A | 33.6% | N/A | 32.5% |
| Operating Margin | N/A | -43.0%-32.1pp | N/A | -141.5% | N/A | -10.8% | N/A | -18.2% |
| Net Margin | N/A | -46.5%-23.3pp | N/A | -44.1%-14.0pp | N/A | -23.2% | N/A | -30.1% |
| Return on Assets | N/A | -4.2%+1.3pp | N/A | -4.3%+0.3pp | 0.3%-0.4pp | -5.6%-6.6pp | N/A | -4.7%-4.6pp |
| Current Ratio | 1.12+0.5x | 0.61+0.6x | 0.600.0x | 0.60+0.6x | 0.000.0x | 0.000.0x | 0.59+0.5x | 0.02-0.3x |
| Asset Turnover | N/A | 0.09-0.1x | N/A | 0.10-0.1x | N/A | 0.24 | N/A | 0.16 |
| FCF Margin | N/A | -16.5%-14.8pp | N/A | N/A | N/A | -1.8% | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.
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.
What is Currenc Group Inc.'s P/E ratio?
Currenc Group Inc. (CURR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $305.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Currenc Group Inc.'s price-to-sales ratio?
Currenc Group Inc. (CURR) trades at 8.1x sales, its market capitalization divided by revenue of $37.8M revenue, FY2025. The market capitalization is $305.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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 -0.09, 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 45 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.