Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Currenc Group Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
53.3
46.4
37.8
Cost of revenue
35.9
31.8
22.4
Gross profit
17.4
14.6
15.4
Selling and marketing
0.62
0.96
0.04
General and administrative
24
42
23.4
Operating income
-4.04
-6.65
-27.4
-7.94
Other non-operating income
0.84
-2.19
-6.72
Pre-tax income
-13.9
-38.2
-18.4
Income tax
0.52
0.58
0.15
Net income to minority interests
0.89
0.65
-0.07
Net income
-1.11
-15.3
-39.5
-18.4
EBITDA
-6.04
-26.9
-7.44
EPS, basic
-0.45
-1.03
-0.30
EPS, diluted
-0.45
-1.03
-0.30
Shares, basic (weighted)
34
38.2
61.5
Shares, diluted (weighted)
34
38.2
61.5
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.27
48.5
63.8
75.2
Short-term investments
0.3
Inventory
0.13
0.09
0.03
Other current assets
0.09
34.2
20.9
23.5
Total current assets
0.37
103
87.5
101
Property, plant and equipment
1.02
1.06
1.04
Lease right-of-use assets
0.15
0.35
0.2
Goodwill
27
12.1
9.73
Intangible assets
4.93
3.39
1.85
Total assets
209
141
105
114
Accounts payable
0.01
0.01
0.01
Accrued liabilities
2.79
Short-term debt
9.03
1.75
4.6
Total current liabilities
2.85
174
145
90.3
Long-term debt
2.51
Lease liabilities
0.16
Total liabilities
8.85
178
146
95.4
Total debt
11.5
3.68
1.15
Paid-in capital
29.2
65.6
144
Retained earnings
-8.49
-92.1
-132
-150
Other comprehensive income
0.09
-0.11
0.48
Shareholders' equity
-8.49
-62.8
-66
-5.67
Minority interests
23.6
24.2
24.3
Total equity
-24.7
-39.1
-41.8
18.7
Total liabilities and equity
209
141
105
114
Shares outstanding
34
46.5
76.6
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
-1.11
-14.4
-38.8
-18.5
Depreciation and amortization
0.61
0.53
0.5
Stock-based compensation
20.9
3.96
Deferred income tax
-0.27
0.04
-0.37
Change in receivables
0.61
0.14
0.94
Change in payables
-4.83
14.2
7.43
Cash from operations
-0.76
-15.3
3.45
7.86
Capital expenditures
-0.29
-0.58
-0.48
Purchases of investments
-3
-2.54
Cash from investing
-3
1.44
-0.57
-0.48
Debt issued
1.25
0.64
Debt repaid
-2.21
-0.22
Share buybacks
-133
Cash from financing
3
-1.2
2.02
4.03
Net change in cash
-0.76
-0.23
4.9
11.4
Free cash flow
-15.6
2.87
7.38
Interest paid
1.82
1.07
0.06
Income taxes paid
0.76
-0.45
-0.32
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $3.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
40.8%
Gross profit / revenue.
Operating margin
-21.0%
Operating income / revenue.
EBITDA margin
-19.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-48.5%
Pre-tax income / revenue.
Net margin
-48.7%
Net income / revenue.
FCF margin
19.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
20.8%
Cash from operations / revenue.
Return on assets (ROA)
-16.9%
Net income / average total assets.
Stock-based pay / revenue
10.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.3%
Capital expenditures / revenue.
D&A / revenue
1.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-18.6%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
5.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
127.9%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
157.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
9.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-18.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
61.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.12x
Current assets / current liabilities.
Quick ratio
0.83x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.83x
(Cash + short-term investments) / current liabilities.
Debt / assets
1.0%
Total debt / total assets.
Liabilities / assets
83.6%
Total liabilities / total assets.
Net debt
-$74.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.30
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.30
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.62
Revenue / diluted weighted shares.
FCF per share
$0.12
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.13
Cash from operations / diluted weighted shares.
Book value per share
-$0.07
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
8.91x
Market cap / revenue.
P/FCF
45.6x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
42.8x
Market cap / cash from operations, when positive.
EV/Sales
6.95x
Enterprise value / revenue.
EV/FCF
35.6x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.2%
Free cash flow / market cap.
Earnings yield
-5.5%
Net income / market cap (the inverse of P/E).
What was Currenc Group Inc.'s revenue in fiscal 2025?
Currenc Group Inc. reported revenue of $37.8M for fiscal 2025, 18.6% lower than the year before.
Was Currenc Group Inc. profitable in fiscal 2025?
No. It reported a net loss of $18.4M.
How much free cash flow did Currenc Group Inc. generate in fiscal 2025?
Cash from operations of $7.9M minus capital expenditures of $479.0K left free cash flow of $7.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.