Currenc Group (CURR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Currenc Group

NasdaqGM•Technology•Software - Application

$3.38-0.20(-0.06%)Market closed

Market Cap

$117.62M

P/S

2.1x

CURRENC Group Inc., an investment holding company, engages in the provision of money transfer and airtime trading services in Malaysia and Indonesia. It operates in two segments, Remittance Services and Sales of Airtime. The company offers cross-border remittance solutions for financial institutions and payment providers, cross-border payments for non-financial businesses, airtime transfer, and retail telecom credit recharge services. It is also involved in business center operations; development of AI call center solutions and system integration; provision of international airtime reloads; technical and maintenance services; money remittance; providing and sourcing airtime and other related services; and the research, development, and commercialization of the Treatsup application, as well as the provision of implementation, technical, and maintenance services related to the application. In addition, the company provides a single unified application programming interface for licensed banks and money service operators, and acts as a settlement agent for cross-border money transfers, as well as cross-border airtime wholesale and transfer services. Further, it operates WalletKu, an independent electronic platform that allows customers to purchase airtime, conduct internet data top-ups, cash top-ups, transfers, and utility bill payments. The company is headquartered in Singapore.

How this company scores

WeakMetricSide Score: 29.5/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (8.5/25); weakest: Profitability (6/25).

Profitability6/25

Growth8.5/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality8/25

Strengths

Net cash position

Grade capped at D

Negative equity — the balance sheet is insolvent.
Interest coverage below 1× (-7.2x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 2.1x5y range 1.3x – 8.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $117.62M

Metrics at a Glance

as of March 2025

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $56.49M
Q. Revenue: $10.06M
TTM EBITDA: $-25.14M
TTM Op. Income: $-31.34M
Q. Op. Income: $-4.32M
TTM Net Income: $-44.74M
Q. Net Income: $-4.67M
EPS: $-0.13
Shares Out.: $35.37M

$56.49M in TTM revenue grew from zero YoY, reaching $10.06M last quarter. TTM EBITDA of $-25.14M and TTM operating income of $-31.34M show growth is flowing through to the bottom line. However, net income is negative at $44.74M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.8%
EBITDA Margin: -37.4%
Op. Margin: -43.0%
Net Margin: -46.5%

Op. margin of -43.0% is up 35899657.0% YoY — cost efficiency is improving. Net margin at -46.5% and gross margin of 31.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 100% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.1x
P/B Ratio: N/A

P/S of 2.1x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $110.76M
Cash: $62.30M
Long-Term Debt: $3.68M
Book Value: $-68.39M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-1.49M
TTM Free Cash Flow: $1.49M
FCF Margin: 2.6%
FCF / Net Income: -0.0

TTM FCF of $1.49M on $-1.49M in operating cash flow. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 313% — a weakening trend.