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Side-by-side financial comparison of Currenc Group Inc. (CURR) and FRP HOLDINGS, INC. (FRPH). Click either name above to swap in a different company.

FRP HOLDINGS, INC. is the larger business by last-quarter revenue ($10.9M vs $10.1M, roughly 1.1× Currenc Group Inc.). FRP HOLDINGS, INC. runs the higher net margin — 1.3% vs -46.5%, a 47.8% gap on every dollar of revenue. On growth, FRP HOLDINGS, INC. posted the faster year-over-year revenue change (3.6% vs -23.3%). Currenc Group Inc. produced more free cash flow last quarter ($-1.7M vs $-21.5M).

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

CURR vs FRPH — Head-to-Head

Bigger by revenue
FRPH
FRPH
1.1× larger
FRPH
$10.9M
$10.1M
CURR
Growing faster (revenue YoY)
FRPH
FRPH
+26.9% gap
FRPH
3.6%
-23.3%
CURR
Higher net margin
FRPH
FRPH
47.8% more per $
FRPH
1.3%
-46.5%
CURR
More free cash flow
CURR
CURR
$19.8M more FCF
CURR
$-1.7M
$-21.5M
FRPH

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
CURR
CURR
FRPH
FRPH
Revenue
$10.1M
$10.9M
Net Profit
$-4.7M
$139.0K
Gross Margin
31.8%
Operating Margin
-43.0%
15.4%
Net Margin
-46.5%
1.3%
Revenue YoY
-23.3%
3.6%
Net Profit YoY
-54.0%
-91.8%
EPS (diluted)
$-0.13
$0.03

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
FRPH
FRPH
Q4 25
$10.9M
Q3 25
$10.8M
Q2 25
$10.8M
Q1 25
$10.1M
$10.3M
Q4 24
$10.5M
Q3 24
$11.3M
$10.6M
Q2 24
$10.5M
Q1 24
$13.1M
$10.1M
Net Profit
CURR
CURR
FRPH
FRPH
Q4 25
$139.0K
Q3 25
$662.0K
Q2 25
$578.0K
Q1 25
$-4.7M
$1.7M
Q4 24
$1.7M
Q3 24
$-5.0M
$1.4M
Q2 24
$2.0M
Q1 24
$-3.0M
$1.3M
Gross Margin
CURR
CURR
FRPH
FRPH
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
FRPH
FRPH
Q4 25
15.4%
Q3 25
12.6%
Q2 25
15.3%
Q1 25
-43.0%
22.6%
Q4 24
27.7%
Q3 24
-141.5%
29.0%
Q2 24
26.9%
Q1 24
-10.8%
28.4%
Net Margin
CURR
CURR
FRPH
FRPH
Q4 25
1.3%
Q3 25
6.1%
Q2 25
5.3%
Q1 25
-46.5%
16.6%
Q4 24
16.0%
Q3 24
-44.1%
12.8%
Q2 24
19.5%
Q1 24
-23.2%
12.8%
EPS (diluted)
CURR
CURR
FRPH
FRPH
Q4 25
$0.03
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$-0.13
$0.09
Q4 24
$0.09
Q3 24
$-0.13
$0.07
Q2 24
$0.11
Q1 24
$-0.09
$0.07

Balance Sheet & Financial Strength

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

Metric
CURR
CURR
FRPH
FRPH
Cash + ST InvestmentsLiquidity on hand
$62.3M
Total DebtLower is stronger
$3.7M
$192.6M
Stockholders' EquityBook value
$-68.4M
$428.5M
Total Assets
$110.8M
$735.1M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURR
CURR
FRPH
FRPH
Q4 25
Q3 25
$134.9M
Q2 25
$153.2M
Q1 25
$62.3M
$142.9M
Q4 24
$148.6M
Q3 24
$49.1M
$144.7M
Q2 24
$156.9M
Q1 24
$152.5M
Total Debt
CURR
CURR
FRPH
FRPH
Q4 25
$192.6M
Q3 25
$185.3M
Q2 25
$180.4M
Q1 25
$3.7M
$178.3M
Q4 24
$178.9M
Q3 24
$20.1M
$178.8M
Q2 24
$178.8M
Q1 24
$178.7M
Stockholders' Equity
CURR
CURR
FRPH
FRPH
Q4 25
$428.5M
Q3 25
$427.7M
Q2 25
$426.7M
Q1 25
$-68.4M
$425.2M
Q4 24
$423.1M
Q3 24
$-47.0M
$420.9M
Q2 24
$419.1M
Q1 24
$-10.9M
$416.1M
Total Assets
CURR
CURR
FRPH
FRPH
Q4 25
$735.1M
Q3 25
$731.3M
Q2 25
$722.8M
Q1 25
$110.8M
$717.1M
Q4 24
$728.5M
Q3 24
$115.0M
$726.9M
Q2 24
$711.9M
Q1 24
$54.5M
$705.7M
Debt / Equity
CURR
CURR
FRPH
FRPH
Q4 25
0.45×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.43×
Q1 24
0.43×

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
FRPH
FRPH
Operating Cash FlowLast quarter
$-1.5M
$29.7M
Free Cash FlowOCF − Capex
$-1.7M
$-21.5M
FCF MarginFCF / Revenue
-16.5%
-196.6%
Capex IntensityCapex / Revenue
1.7%
468.5%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURR
CURR
FRPH
FRPH
Q4 25
$29.7M
Q3 25
$8.1M
Q2 25
$8.7M
Q1 25
$-1.5M
$4.5M
Q4 24
$29.0M
Q3 24
$-11.3M
$6.3M
Q2 24
$12.2M
Q1 24
$-221.0K
$2.9M
Free Cash Flow
CURR
CURR
FRPH
FRPH
Q4 25
$-21.5M
Q3 25
$-16.9M
Q2 25
$2.6M
Q1 25
$-1.7M
$1.4M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$5.9M
Q1 24
$-233.0K
$-3.3M
FCF Margin
CURR
CURR
FRPH
FRPH
Q4 25
-196.6%
Q3 25
-157.0%
Q2 25
24.0%
Q1 25
-16.5%
13.6%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
56.0%
Q1 24
-1.8%
-32.6%
Capex Intensity
CURR
CURR
FRPH
FRPH
Q4 25
468.5%
Q3 25
232.0%
Q2 25
55.9%
Q1 25
1.7%
30.1%
Q4 24
486.1%
Q3 24
325.1%
Q2 24
60.3%
Q1 24
0.1%
61.2%
Cash Conversion
CURR
CURR
FRPH
FRPH
Q4 25
213.50×
Q3 25
12.21×
Q2 25
15.00×
Q1 25
2.63×
Q4 24
17.18×
Q3 24
4.65×
Q2 24
5.96×
Q1 24
2.23×

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%

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

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