Currenc Group Inc.CURREarnings & Financial Report
Revenue
$11.3M
Gross Profit
$3.1M
Operating Profit
$-15.9M
Net Profit
$-5.0M
Gross Margin
27.8%
Operating Margin
-141.5%
Net Margin
-44.1%
YoY Growth
-11.6%
EPS
$-0.13
Currenc Group Inc. Q3 FY2024 Financial Summary
Currenc Group Inc. reported revenue of $11.3M (down 11.6% YoY) for Q3 FY2024, with a net profit of $-5.0M (down 29.5% YoY) (-44.1% margin). Cost of goods sold was $8.1M, operating expenses totaled $19.1M.
Key Financial Metrics
| Total Revenue | $11.3M |
|---|---|
| Net Profit | $-5.0M |
| Gross Margin | 27.8% |
| Operating Margin | -141.5% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Currenc Group Inc. Q3 FY2024 revenue of $11.3M breaks down across 2 segments, led by Sales Of Airtime at $6.3M (55.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sales Of Airtime | $6.3M | 55.9% |
| Fiat Remittance Service | $4.8M | 42.2% |
Currenc Group Inc. Revenue by Segment — Quarterly Trend
Currenc Group Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sales Of Airtime and Fiat Remittance Service) has evolved quarter over quarter.
| Segment | Q1 FY2025 | Q3 FY2024 | Q1 FY2024 | Q3 FY2023 |
|---|---|---|---|---|
| Sales Of Airtime | $5.5M | $6.3M | — | — |
| Fiat Remittance Service | $4.4M | $4.8M | — | — |
Currenc Group Inc. Quarterly Revenue & Net Profit History
Currenc Group Inc. results over the last 4 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2025 | $10.1M | -23.3% | $-4.7M | -46.5% |
| Q3 FY2024 | $11.3M | -11.6% | $-5.0M | -44.1% |
| Q1 FY2024 | $13.1M | — | $-3.0M | -23.2% |
| Q3 FY2023 | $12.7M | — | $-3.8M | -30.1% |
Income Statement
| Q3 2023 | Q1 2024 | Q3 2024 | Q1 2025 | |
|---|---|---|---|---|
| Revenue | $12.7M | $13.1M | $11.3M | $10.1M |
| YoY Growth | N/A | N/A | -11.6% | -23.3% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q3 2024 | Q1 2025 | |
|---|---|---|---|---|
| Assets | $82.0M | $54.5M | $115.0M | $110.8M |
| Liabilities | $10.3M | $10.9M | $137.7M | $154.7M |
| Equity | $-10.2M | $-10.9M | $-47.0M | $-68.4M |
Cash Flow
| Q3 2023 | Q1 2024 | Q3 2024 | Q1 2025 | |
|---|---|---|---|---|
| Operating CF | $-10.5M | $-220972 | $-11.3M | $-1.5M |