CURR

MKT CAP:$247M

Currenc Group, Inc.

Market Cap

$247M

Financial Services·Financial - Credit Services·🇸🇬 Singapore·NASDAQ

Financials·Financial·🇸🇬·NASDAQ

Stock Price

$3.17+$1.27 (+66.84%)

Apr 22, 2026

Company Details

Currenc Group, Inc. engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.

CEO

King Ong Kong

IPO Date

Sep 3, 2024

Website

investors.currencgroup.com/overview/default.aspx

Key Metrics TTM

Revenue

$24M

+308.4% YoY

Net Income

-$38M

EPS (Diluted)

-$0.86

Free Cash Flow

-$573.7K

Revenue / Share

$0.43

Gross Margin

44.9%

Operating Margin

-52.9%

Net Margin

-155.8%

FCF Margin

-2.4%

P/S

10.1x

P/E

—

Earnings Reports

Q3 2025

Sep 29, 2025

$10MEPS $0.05

FY 2024

Dec 31, 2024

$46MEPS -$1.03

Q4 2024

Dec 31, 2024

$11MEPS -$0.72

Q3 2022

Nov 21, 2022

$2MEPS -$0.05

Q2 2022

Sep 2, 2022

$1M-46.8%EPS -$0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 18	$234.2K	$125.3K	-$1M
Q1 19	$74.5K	$71.9K	-$3M
Q2 19	$107.9K	$107.0K	-$12M
Q3 19	$102.0K	$87.0K	$2M
Q4 19	$339.0K	$126.0K	-$952.0K
Q1 20	$280.0K	$179.0K	$2M
Q2 20	$269.0K	$169.0K	-$13M
Q3 20	$192.0K	$47.0K	-$3M
Q4 20	$1M	$580.0K	-$5M
Q1 21	$1M	$1M	-$4M
Q2 21	$2M	$1M	-$3M
Q1 22	$1M	$750.0K	-$5M
Q2 22	$1M	$973.0K	-$7M
Q3 22	$2M	$1M	-$2M
Q4 24	$11M	$3M	-$9M
Q3 25	$10M	$5M	$5M

Valuation

Quarter	P/S	P/E
Q4 18	73.5x	—
Q1 19	238.5x	—
Q2 19	360.2x	—
Q3 19	265.8x	—
Q4 19	160.7x	—
Q1 20	99.5x	—
Q2 20	73.7x	—
Q3 20	51.3x	—
Q4 20	28.4x	—
Q1 21	14.5x	—
Q2 21	6.7x	—
Q1 22	2.1x	—
Q2 22	3.6x	—
Q3 22	2.7x	—
Q4 24	4.0x	—
Q3 25	3.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 18	-$966.5K	-$981.7K
Q1 19	-$1M	-$1M
Q2 19	-$4M	-$4M
Q3 19	-$2M	-$1M
Q4 19	-$2M	-$2M
Q1 20	-$2M	-$2M
Q2 20	-$2M	-$2M
Q3 20	-$1M	-$1M
Q4 20	-$5M	-$5M
Q1 21	-$2M	-$2M
Q2 21	$1M	$1M
Q1 22	-$2M	-$2M
Q2 22	-$2M	-$2M
Q3 22	-$5M	-$5M
Q4 24	$15M	$15M
Q3 25	-$9M	-$8M

Capital Expenditures

Quarter	CapEx
Q4 18	$15.2K
Q1 19	$44.3K
Q2 19	$774.9K
Q3 19	$413.0K
Q4 19	$34.0K
Q1 20	$233.0K
Q2 20	$361.0K
Q3 20	$59.0K
Q4 20	$35.0K
Q1 21	$61.0K
Q2 21	$38.0K
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 24	$576.7K
Q3 25	$300.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 18	+564.9%	+65.2%
Q1 19	-29.1%	+81.4%
Q2 19	-31.2%	+394.5%
Q3 19	+16.1%	-170.9%
Q4 19	+44.8%	-6.4%
Q1 20	+275.8%	-162.3%
Q2 20	+149.2%	+12.0%
Q3 20	+88.2%	+250.5%
Q4 20	+286.4%	+365.5%
Q1 21	+416.1%	+449.6%
Q2 21	+684.0%	-60.9%
Q1 22	+474.5%	+97.8%
Q2 22	-14.3%	+31.5%
Q3 22	+23.5%	-33.2%
Q4 24	+424.7%	+267.3%
Q3 25	+842.4%	-3.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 18	$735.8K	314.2%
Q1 19	$790.3K	1060.8%
Q2 19	$1M	1117.8%
Q3 19	$1M	1063.1%
Q4 19	$1M	312.1%
Q1 20	$802.0K	286.4%
Q2 20	$987.0K	366.9%
Q3 20	$696.0K	362.5%
Q4 20	$939.0K	71.7%
Q1 21	$2M	126.3%
Q2 21	$747.0K	35.4%
Q1 22	$472.0K	42.8%
Q2 22	$408.0K	36.3%
Q3 22	$532.0K	29.8%
Q4 24	$8M	69.9%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q4 18	$313.6K	$956.6K	—
Q1 19	$360.9K	$2M	—
Q2 19	$733.2K	$3M	—
Q3 19	$453.0K	$2M	—
Q4 19	$761.0K	$3M	—
Q1 20	$805.0K	$2M	—
Q2 20	$735.0K	$3M	—
Q3 20	$744.0K	$2M	—
Q4 20	$505.0K	$5M	—
Q1 21	$644.0K	$6M	—
Q2 21	$699.0K	$5M	—
Q1 22	$264.0K	$3M	—
Q2 22	—	$3M	—
Q3 22	—	$4M	—
Q4 24	—	$12M	—
Q3 25	—	—	$519.6K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$63M	$2M	$65M
Q1 22	$531.0K	$0	$531.0K
Q2 22	$59M	$2M	$61M
Q3 22	$4M	$0	$4M
Q4 22	$63M	$2M	$65M
Q1 23	$1M	$0	$1M
Q2 23	$175.0K	$0	$175.0K
Q3 23	$51M	$2M	$53M
Q4 23	$49M	$300.0K	$49M
Q1 24	$47M	$299.4K	$47M
Q2 24	$19.0K	$0	$19.0K
Q3 24	$49M	$0	$49M
Q4 24	$64M	$0	$64M
Q1 25	$62M	$3M	$65M
Q2 25	$60M	$2M	$61M
Q3 25	$51M	$0	$51M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 18	25M	+2.4%	+5.7%
Q1 19	29M	+14.4%	+19.5%
Q2 19	35M	+23.6%	+45.9%
Q3 19	43M	+22.7%	+77.7%
Q4 19	35M	-20.4%	+38.2%
Q1 20	38M	+10.4%	+33.3%
Q2 20	42M	+9.4%	+18.0%
Q3 20	41M	-0.9%	-4.7%
Q4 20	47M	+14.4%	+37.0%
Q1 21	48M	+0.8%	+25.1%
Q2 21	60M	+25.5%	+43.5%
Q1 22	51M	-15.1%	+22.9%
Q2 22	70M	+37.5%	+47.7%
Q3 22	71M	+1.2%	+48.2%
Q4 24	47M	-34.2%	-22.2%
Q3 25	56M	+21.3%	+11.0%

Shares Outstanding