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Currenc Group (CURR)
NASDAQ:CURR
US Market

Currenc Group (CURR) AI Stock Analysis

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CURR

Currenc Group

(NASDAQ:CURR)

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Underperform 39 (OpenAI - 5.2)
Rating:39Underperform
Price Target:
$1.50
▼(-13.29% Downside)
Currenc Group's overall stock score is heavily impacted by its poor financial performance, which is the most significant factor. The company's financial instability, as reflected in its income statement, balance sheet, and cash flow, is a major concern. Technical analysis also indicates a bearish trend, and valuation metrics highlight the lack of profitability. These factors combine to result in a low overall stock score.
Positive Factors
Proceeds from Tranglo divestment
The $400M cash divestment materially improves liquidity and provides a clear source to reduce debt. Strengthening the balance sheet lowers refinancing risk and increases strategic optionality to fund the company’s long-term pivot into AI, Web3 and digital assets without relying on volatile operating cash flow.
Improving operating margins
A sustained gross margin above 50% and a profitable quarter indicate durable operational leverage in remittance and processing lines. Higher margins can fund R&D and strategic initiatives, making the business less reliant on top-line volatility and improving prospects for sustainable profitability over the medium term.
Strategic merger opportunity with Animoca
A successful reverse merger with Animoca could reposition the company at the center of digital-assets and blockchain ecosystems, delivering scale, IP access and cross-selling opportunities. This structural shift would align Currenc with secular growth in Web3 and broaden long-term product and partnership capabilities.
Negative Factors
Precarious balance sheet / negative equity
Negative shareholders' equity and high leverage constrain financial flexibility, increase covenant and default risk, and can deter partners and institutional investors. Over months, this weak capital base limits capacity for capital expenditures, strategic M&A, or absorbing operational shocks without dilutive recapitalization.
Weak cash generation
Severely negative FCF growth and poor operating cash conversion mean the business struggles to convert earnings into spendable cash. This forces dependence on external financing or asset sales for operations and strategic moves, increasing vulnerability to funding stress and limiting sustainable investment in growth initiatives.
Corporate governance / listing risk
A Nasdaq deficiency notice signals governance and compliance weaknesses that carry delisting risk if unresolved. Loss of listing or prolonged remediation would impair access to public capital, reduce liquidity for shareholders, and reflect execution challenges at the board or management level, affecting long-term credibility.

Currenc Group (CURR) vs. SPDR S&P 500 ETF (SPY)

Currenc Group Business Overview & Revenue Model

Company DescriptionCurrenc 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 MoneyCurrenc 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
35
Negative
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
40
Negative
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
30
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue40.23M46.44M53.26M55.50M57.50M61.56M
Gross Profit14.97M14.59M17.36M15.62M17.90M15.99M
EBITDA-28.76M-26.53M-1.90M-3.01M5.39M6.90M
Net Income-34.08M-39.48M-15.31M-16.68M-14.85M-6.72M
Balance Sheet
Total Assets86.85M108.47M141.49M160.59M136.78M135.33M
Cash, Cash Equivalents and Short-Term Investments50.73M63.82M48.82M64.80M64.82M63.12M
Total Debt14.36M22.49M31.94M32.39M24.52M34.05M
Total Liabilities62.18M150.23M177.68M182.37M144.88M137.93M
Stockholders Equity286.38K-65.99M-62.76M-47.48M-30.81M-22.65M
Cash Flow
Free Cash Flow2.14M2.87M-15.58M-10.07M11.67M-10.41M
Operating Cash Flow2.72M3.45M-15.29M-10.07M12.08M-9.72M
Investing Cash Flow-563.14K-565.03K1.44M13.84M-406.34K-131.00K
Financing Cash Flow-523.22K2.02M-1.20M-837.00K-10.12M7.48M

Currenc Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.73
Price Trends
50DMA
2.26
Negative
100DMA
2.03
Negative
200DMA
1.65
Negative
Market Momentum
MACD
-0.16
Positive
RSI
33.30
Neutral
STOCH
14.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURR, the sentiment is Negative. The current price of 1.73 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 2.26, and above the 200-day MA of 1.65, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 33.30 is Neutral, neither overbought nor oversold. The STOCH value of 14.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CURR.

Currenc Group Risk Analysis

Currenc Group disclosed 93 risk factors in its most recent earnings report. Currenc Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Currenc Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$234.19M5.8910.79%4.44%15.52%2.05%
71
Outperform
$201.73M10.816.58%16.94%-10.46%
64
Neutral
$226.38M7.648.59%-5.29%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
49
Neutral
$260.02M-1.67-102.53%-82.33%-3365.80%
42
Neutral
$6.59M-0.19-17.58%-35.26%53.23%
39
Underperform
$121.79M-1.98257.27%-9682.89%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CURR
Currenc Group
1.47
-0.66
-30.99%
CPSS
Consumer Portfolio Services
8.70
-2.66
-23.42%
MFIN
Medallion Financial
10.04
1.07
11.93%
LPRO
Open Lending
2.11
-3.08
-59.34%
LMFA
LM Funding America
0.44
-1.63
-78.60%
OPRT
Oportun Financial
5.03
1.32
35.58%

Currenc Group Corporate Events

Currenc Group Calls February EGM to Approve Major Debt-to-Equity Swap and New Incentive Plan
Jan 16, 2026

On January 16, 2026, Currenc Group Inc. filed a Form 6-K announcing that it will hold an extraordinary general meeting of shareholders on February 25, 2026, in Hong Kong and via a virtual platform, with January 15, 2026 set as the record date for voting eligibility. At this meeting, shareholders will vote on the re-election of director Eric Weinstein until the 2028 annual general meeting, the approval of a major debt-to-equity conversion involving the issuance of 35,653,995 new ordinary shares at US$1.53 per share to satisfy approximately US$54.6 million of indebtedness owed to key creditor stakeholders, the adoption of a 2025 Equity Incentive Plan authorizing up to 10 million additional shares for incentive awards, the ratification of MRI Moores Rowland LLP as the auditor for the 2025 fiscal year, and a proposal to adjourn the meeting if necessary to secure sufficient votes, signaling a significant recapitalization effort and governance reset that could materially reshape Currenc’s balance sheet, ownership structure and long-term incentive framework.

The most recent analyst rating on (CURR) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Warned by Nasdaq Over Delay in Annual Shareholder Meeting
Jan 13, 2026

On January 12, 2026, Currenc Group Inc. received a notice from Nasdaq’s Listing Qualifications Staff stating that the company is not in compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), as well as IM-5620, because it failed to hold an annual meeting of shareholders within 12 months of the end of its fiscal year. The deficiency letter has no immediate impact on Currenc’s Nasdaq listing, and the company has 45 calendar days to submit a plan to regain compliance, with a possible extension to June 29, 2026, if the plan is accepted; however, there is no assurance that compliance will be restored, and if Nasdaq rejects the plan, Currenc would need to appeal to a Hearing Panel, underscoring a potential risk to its continued listing status and signalling governance and timing pressures for its shareholders and other stakeholders.

The most recent analyst rating on (CURR) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group to Sell 60% Stake in Tranglo to New Margin for US$400 Million
Jan 2, 2026

On January 2, 2026, Currenc Group announced that its wholly owned subsidiary Seamless Group has agreed to sell its 60% controlling stake in Tranglo, a leading cross-border payment hub with extensive global bank, e-wallet and cash pickup connectivity, to New Margin Holding Limited for US$400 million in cash. The transaction, which values Currenc’s 100,465 Tranglo shares at a significant premium and will be paid in two tranches of US$200 million at closing and within 90 days thereafter, is subject to regulatory approvals and customary closing conditions, and represents the first completed step in Currenc’s broader restructuring strategy to monetize and spin off operating assets, reduce debt and pivot further into AI, Web3 and digital asset initiatives, while positioning Tranglo for its next growth phase under an experienced private equity owner.

The most recent analyst rating on (CURR) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Enhances Executive Severance Packages Amid Potential Changes
Dec 12, 2025

Currenc Group Inc., a company incorporated in the Cayman Islands, announced amendments to the employment agreements of its CEO, Alexander King Ong Kong, and CFO, Wan Lung Eng, on December 9, 2025. These amendments provide enhanced severance benefits in the event of termination due to a change in control, including continued salary, medical benefits, and immediate vesting of equity awards for both executives. Additionally, Mr. Eng’s agreement includes a ‘gross-up’ payment to offset excise taxes on severance payments, ensuring he retains the full amount of his compensation.

The most recent analyst rating on (CURR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Reports First Half 2025 Financial Results Amid Strategic Shift
Dec 1, 2025

On December 1, 2025, Currenc Group Inc. announced its financial results for the first half of 2025, revealing a decrease in total processing value and revenues. The company reported a total processing value of US$2.8 billion, a 5.8% decline year-over-year, and total revenues of US$18.8 million, a 10.8% decrease. The decline in revenue was attributed to a significant drop in global and Indonesian airtime revenues. Currenc plans to shift its focus from airtime transfers to expanding its AI product offerings, responding to the growing availability of free Wi-Fi in Southeast Asia. Despite a net loss of US$9.5 million, the company aims to realign its resources to bolster its AI initiatives.

The most recent analyst rating on (CURR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Reports Q3 2025 Financial Results with Strategic Shift
Nov 10, 2025

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.

The most recent analyst rating on (CURR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Proposes Reverse Merger with Animoca Brands
Nov 3, 2025

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.

The most recent analyst rating on (CURR) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Currenc Group Adjusts CFO Compensation Structure
Nov 3, 2025

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.

The most recent analyst rating on (CURR) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 19, 2025