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Side-by-side financial comparison of Currenc Group Inc. (CURR) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $10.1M, roughly 1.4× Currenc Group Inc.). FENNEC PHARMACEUTICALS INC. runs the higher net margin — -34.7% vs -46.5%, a 11.7% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs -23.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

CURR vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.4× larger
FENC
$13.8M
$10.1M
CURR
Growing faster (revenue YoY)
FENC
FENC
+97.1% gap
FENC
73.8%
-23.3%
CURR
Higher net margin
FENC
FENC
11.7% more per $
FENC
-34.7%
-46.5%
CURR

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
CURR
CURR
FENC
FENC
Revenue
$10.1M
$13.8M
Net Profit
$-4.7M
$-4.8M
Gross Margin
31.8%
Operating Margin
-43.0%
-18.5%
Net Margin
-46.5%
-34.7%
Revenue YoY
-23.3%
73.8%
Net Profit YoY
-54.0%
-141.1%
EPS (diluted)
$-0.13
$-0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CURR
CURR
FENC
FENC
Q4 25
$13.8M
Q3 25
$12.5M
Q2 25
$9.7M
Q1 25
$10.1M
$8.8M
Q4 24
$7.9M
Q3 24
$11.3M
$7.0M
Q2 24
$7.3M
Q1 24
$13.1M
$25.4M
Net Profit
CURR
CURR
FENC
FENC
Q4 25
$-4.8M
Q3 25
$-638.0K
Q2 25
$-3.2M
Q1 25
$-4.7M
$-1.2M
Q4 24
$-2.0M
Q3 24
$-5.0M
$-5.7M
Q2 24
$-5.6M
Q1 24
$-3.0M
$12.8M
Gross Margin
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
31.8%
Q4 24
Q3 24
27.8%
Q2 24
Q1 24
33.6%
Operating Margin
CURR
CURR
FENC
FENC
Q4 25
-18.5%
Q3 25
-1.5%
Q2 25
-28.3%
Q1 25
-43.0%
-9.2%
Q4 24
-11.8%
Q3 24
-141.5%
-74.6%
Q2 24
-69.4%
Q1 24
-10.8%
54.2%
Net Margin
CURR
CURR
FENC
FENC
Q4 25
-34.7%
Q3 25
-5.1%
Q2 25
-32.7%
Q1 25
-46.5%
-13.3%
Q4 24
-25.0%
Q3 24
-44.1%
-82.2%
Q2 24
-76.5%
Q1 24
-23.2%
50.6%
EPS (diluted)
CURR
CURR
FENC
FENC
Q4 25
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.13
$-0.04
Q4 24
$-0.02
Q3 24
$-0.13
$-0.21
Q2 24
$-0.20
Q1 24
$-0.09
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CURR
CURR
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$62.3M
$36.8M
Total DebtLower is stronger
$3.7M
Stockholders' EquityBook value
$-68.4M
$35.5M
Total Assets
$110.8M
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURR
CURR
FENC
FENC
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$62.3M
$22.7M
Q4 24
$26.6M
Q3 24
$49.1M
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
CURR
CURR
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$3.7M
$19.4M
Q4 24
$19.3M
Q3 24
$20.1M
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
CURR
CURR
FENC
FENC
Q4 25
$35.5M
Q3 25
$-4.5M
Q2 25
$-7.5M
Q1 25
$-68.4M
$-5.9M
Q4 24
$-5.9M
Q3 24
$-47.0M
$-5.2M
Q2 24
$-1.4M
Q1 24
$-10.9M
$3.0M
Total Assets
CURR
CURR
FENC
FENC
Q4 25
$70.6M
Q3 25
$49.3M
Q2 25
$44.9M
Q1 25
$110.8M
$46.4M
Q4 24
$44.9M
Q3 24
$115.0M
$58.9M
Q2 24
$63.2M
Q1 24
$54.5M
$69.2M
Debt / Equity
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CURR
CURR
FENC
FENC
Operating Cash FlowLast quarter
$-1.5M
$-6.0M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-16.5%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURR
CURR
FENC
FENC
Q4 25
$-6.0M
Q3 25
$1.5M
Q2 25
$-3.7M
Q1 25
$-1.5M
$-4.3M
Q4 24
$-1.5M
Q3 24
$-11.3M
$-2.2M
Q2 24
$-8.4M
Q1 24
$-221.0K
$39.0M
Free Cash Flow
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
$-1.7M
Q4 24
Q3 24
Q2 24
Q1 24
$-233.0K
FCF Margin
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
-16.5%
Q4 24
Q3 24
Q2 24
Q1 24
-1.8%
Capex Intensity
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
1.7%
Q4 24
Q3 24
Q2 24
Q1 24
0.1%
Cash Conversion
CURR
CURR
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CURR
CURR

Sales Of Airtime$5.5M54%
Fiat Remittance Service$4.4M44%

FENC
FENC

Segment breakdown not available.

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