Currenc Group (CURR) AI Stock Analysis

• Market Cap: $187.17M
• Dividend Yield: N/A
• Average Volume (3M): 183.01K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.16
• Revenue Growth: 257.27%
• EPS Growth: -10100.00%
• Country: US
• Employees: 2
• Sector: Technology
• Sector Strength: 88
• Industry: Financial - Credit Services
• EPS (TTM): -0.10
• Shares Outstanding: 76,084,680
• 10 Day Avg. Volume: 242,406
• 30 Day Avg. Volume: 183,009
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.04
• Price to Sales (P/S): 1.48
• P/FCF Ratio: 23.91
• Enterprise Value/Market Cap: 0.12
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 1.56
• Enterprise Value/Ebitda: -0.81
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $2.50 ▲(6.84% Upside)

Currenc Group's overall stock score is heavily impacted by its poor financial performance, with significant losses and negative equity posing major risks. While technical indicators show some positive momentum, the valuation remains unattractive due to negative earnings. The lack of earnings call data and corporate events further limits the assessment.

Currenc Group Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Currenc Group generates revenue through multiple channels, primarily by facilitating cryptocurrency transactions and trading services. The company earns commissions on trades executed on its platform, providing a seamless experience for users engaged in buying and selling digital assets. Additionally, Currenc Group offers premium services such as advanced trading analytics and market insights, which are available through subscription models. Partnerships with payment processors and financial institutions further enhance its revenue streams, allowing the company to integrate its services into broader financial ecosystems. The growing adoption of cryptocurrencies and blockchain technology, along with strategic marketing initiatives, plays a significant role in driving user engagement and revenue growth.

Currenc Group Financial Statement Overview

Summary

Currenc Group is facing significant financial difficulties across all verticals. The income statement shows declining revenues and substantial losses, while the balance sheet reflects negative equity and high leverage. Cash flow metrics indicate poor cash generation, exacerbating financial instability. The company needs to address these challenges to improve its financial health and sustainability.

Income Statement

Currenc Group's income statement reveals significant challenges. The company has experienced a decline in revenue growth, with a negative growth rate of -2.11% in the TTM period. Profitability metrics are concerning, with a negative net profit margin of -102.10% and a negative EBIT margin of -84.64%, indicating substantial losses. The gross profit margin is relatively stable at 31.22%, but overall, the company is struggling with profitability and growth.

Balance Sheet

The balance sheet shows a precarious financial position. The debt-to-equity ratio is negative, reflecting negative stockholders' equity, which is a significant risk factor. Return on equity is positive at 70.43%, but this is due to the negative equity base. The equity ratio is not directly calculable due to negative equity, indicating financial instability.

Cash Flow

Cash flow analysis highlights severe issues. Free cash flow growth is negative at -80.40%, and the operating cash flow to net income ratio is low at 0.09, indicating weak cash generation relative to net losses. The free cash flow to net income ratio is relatively better at 0.93, but overall cash flow performance is weak, reflecting operational challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.23M	46.44M	53.26M	55.50M	57.50M	61.56M
Gross Profit	14.97M	14.59M	17.36M	15.62M	17.90M	15.99M
EBITDA	-28.76M	-26.53M	-1.90M	-3.01M	5.39M	6.90M
Net Income	-34.08M	-39.48M	-15.31M	-16.68M	-14.85M	-6.72M
Balance Sheet
Total Assets	86.85M	108.47M	141.49M	160.59M	136.78M	135.33M
Cash, Cash Equivalents and Short-Term Investments	50.73M	63.82M	48.82M	64.80M	64.82M	63.12M
Total Debt	14.36M	22.49M	31.94M	32.39M	24.52M	34.05M
Total Liabilities	62.18M	150.23M	177.68M	182.37M	144.88M	137.93M
Stockholders Equity	286.38K	-65.99M	-62.76M	-47.48M	-30.81M	-22.65M
Cash Flow
Free Cash Flow	2.14M	2.87M	-15.58M	-10.07M	11.67M	-10.41M
Operating Cash Flow	2.72M	3.45M	-15.29M	-10.07M	12.08M	-9.72M
Investing Cash Flow	-563.14K	-565.03K	1.44M	13.84M	-406.34K	-131.00K
Financing Cash Flow	-523.22K	2.02M	-1.20M	-837.00K	-10.12M	7.48M

Currenc Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURR, the sentiment is Neutral. The current price of 2.34 is below the 20-day moving average (MA) of 2.81, above the 50-day MA of 2.14, and above the 200-day MA of 1.63, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 46.29 is Neutral, neither overbought nor oversold. The STOCH value of 16.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CURR.

Currenc Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFIN	76 Outperform	$218.36M	5.49	10.79%	5.11%	15.52%	2.05%
CPSS	64 Neutral	$181.20M	10.25	6.58%	―	16.94%	-10.46%
OPRT	62 Neutral	$206.08M	7.09	8.59%	―	-5.29%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LMFA	46 Neutral	$9.79M	―	-17.58%	―	-35.26%	53.23%
CURR	42 Neutral	$187.17M	-2.57	―	―	257.27%	-10100.00%
LPRO	42 Neutral	$195.01M	―	-102.53%	―	-82.33%	-3365.80%

Currenc Group Corporate Events

Currenc Group Reports Q3 2025 Financial Results with Strategic Shift

On November 10, 2025, Currenc Group Inc. announced its unaudited financial results for the third quarter ending September 30, 2025. The company reported a 10.1% year-over-year increase in Total Processing Value through Tranglo, reaching US$1.41 billion, and a 54.8% rise in remittance revenues. Despite a 12.3% decline in global airtime transfer revenues due to the growing availability of free Wi-Fi in Southeast Asia, Currenc’s overall gross profit margin improved significantly to 50.8%. The company is shifting focus from airtime transfers to expanding its AI product offerings. Operating expenses saw a substantial decrease, contributing to a net income of US$3.1 million for the quarter.

Currenc Group Proposes Reverse Merger with Animoca Brands

On November 2, 2025, Currenc Group Inc. announced a non-binding term sheet with Animoca Brands Corporation Limited for a proposed reverse merger. This merger, if completed, would result in a Nasdaq-listed entity operating under the Animoca Brands name, focusing on digital asset investments and blockchain applications. The merger is expected to close in 2026, subject to approvals, and would see Animoca Brands’ shareholders owning 95% of the new entity. This strategic move aims to create the world’s first publicly-listed digital assets conglomerate, offering investors access to the growing altcoin digital economy.

Currenc Group Adjusts CFO Compensation Structure

On October 30, 2025, Currenc Group Inc., a company incorporated in the Cayman Islands, announced an amendment to the employment agreement with its Chief Financial Officer, Wan Lung Eng. The amendment maintains Mr. Eng’s total guaranteed compensation at $400,000 but changes the structure by removing guaranteed quarterly bonuses and paying the amount as a base salary. This change reflects a strategic adjustment in the company’s compensation practices, potentially impacting its financial management and aligning executive incentives with broader company goals.

Currenc Group Secures $33 Million Convertible Note Financing

On October 8, 2025, Currenc Group Inc. entered into a Securities Purchase Agreement with New Margin Holding Limited to issue unsecured convertible promissory notes and ordinary share purchase warrants for up to $33 million. The initial closing has been completed with a $4.4 million note issued, and the company plans to use the proceeds for general corporate purposes, including growth initiatives. This financing is expected to strengthen Currenc Group’s balance sheet, support strategic execution, and enhance financial flexibility, reflecting strong investor confidence in the company’s vision and future growth potential.

Currenc Group Appoints New Executive Director Amid Strategic Growth

On September 8, 2025, Currenc Group Inc. appointed Mr. Wan Lung Eng, its Chief Financial Officer, as an executive director. Mr. Eng brings over 20 years of experience in finance, accounting, and investment banking, having previously held significant roles at various financial institutions and firms. His extensive expertise in executing high-value transactions is expected to strengthen the company’s strategic operations and market positioning.

Currenc Group Appoints Kevin Chen to Audit Committee

Currenc Group Inc., a company based in Singapore, announced on September 5, 2025, that its board of directors has appointed Mr. Kevin Chen as an independent director to its audit committee. Mr. Chen, who brings over 20 years of experience in finance, currently serves as Chief Economist and Chief Investment Officer of Horizon Financial. His appointment enhances the audit committee’s expertise, aligning with the company’s commitment to strong corporate governance.