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Side-by-side financial comparison of Currenc Group Inc. (CURR) and 908 Devices Inc. (MASS). Click either name above to swap in a different company.

908 Devices Inc. is the larger business by last-quarter revenue ($17.4M vs $10.1M, roughly 1.7× Currenc Group Inc.). 908 Devices Inc. runs the higher net margin — 24.0% vs -46.5%, a 70.5% gap on every dollar of revenue. On growth, 908 Devices Inc. posted the faster year-over-year revenue change (21.2% vs -23.3%). 908 Devices Inc. produced more free cash flow last quarter ($1.3M vs $-1.7M).

908 Devices Inc. develops and manufactures portable, high-performance mass spectrometry devices and analytical solutions. Its products serve use cases across life science research, biopharmaceutical manufacturing, public safety, forensics, and industrial process monitoring, catering to global customers including research institutions, pharmaceutical firms and government agencies.

CURR vs MASS — Head-to-Head

Bigger by revenue
MASS
MASS
1.7× larger
MASS
$17.4M
$10.1M
CURR
Growing faster (revenue YoY)
MASS
MASS
+44.4% gap
MASS
21.2%
-23.3%
CURR
Higher net margin
MASS
MASS
70.5% more per $
MASS
24.0%
-46.5%
CURR
More free cash flow
MASS
MASS
$3.0M more FCF
MASS
$1.3M
$-1.7M
CURR

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
CURR
CURR
MASS
MASS
Revenue
$10.1M
$17.4M
Net Profit
$-4.7M
$4.2M
Gross Margin
31.8%
52.7%
Operating Margin
-43.0%
17.8%
Net Margin
-46.5%
24.0%
Revenue YoY
-23.3%
21.2%
Net Profit YoY
-54.0%
121.5%
EPS (diluted)
$-0.13
$0.09

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
MASS
MASS
Q4 25
$17.4M
Q3 25
$14.0M
Q2 25
$13.0M
Q1 25
$10.1M
$11.8M
Q4 24
$14.3M
Q3 24
$11.3M
$14.5M
Q2 24
$11.5M
Q1 24
$13.1M
$7.4M
Net Profit
CURR
CURR
MASS
MASS
Q4 25
$4.2M
Q3 25
$-15.0M
Q2 25
$-13.3M
Q1 25
$-4.7M
$43.6M
Q4 24
$-19.4M
Q3 24
$-5.0M
$-29.3M
Q2 24
$-12.5M
Q1 24
$-3.0M
$-10.9M
Gross Margin
CURR
CURR
MASS
MASS
Q4 25
52.7%
Q3 25
52.5%
Q2 25
48.9%
Q1 25
31.8%
47.0%
Q4 24
46.5%
Q3 24
27.8%
53.6%
Q2 24
53.8%
Q1 24
33.6%
52.4%
Operating Margin
CURR
CURR
MASS
MASS
Q4 25
17.8%
Q3 25
-116.6%
Q2 25
-116.3%
Q1 25
-43.0%
-93.6%
Q4 24
-116.8%
Q3 24
-141.5%
-168.7%
Q2 24
-74.5%
Q1 24
-10.8%
-102.5%
Net Margin
CURR
CURR
MASS
MASS
Q4 25
24.0%
Q3 25
-107.0%
Q2 25
-102.1%
Q1 25
-46.5%
370.2%
Q4 24
-135.6%
Q3 24
-44.1%
-201.8%
Q2 24
-109.5%
Q1 24
-23.2%
-147.1%
EPS (diluted)
CURR
CURR
MASS
MASS
Q4 25
$0.09
Q3 25
$-0.41
Q2 25
$-0.37
Q1 25
$-0.13
$1.23
Q4 24
$-0.58
Q3 24
$-0.13
$-0.84
Q2 24
$-0.37
Q1 24
$-0.09
$-0.33

Balance Sheet & Financial Strength

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

Metric
CURR
CURR
MASS
MASS
Cash + ST InvestmentsLiquidity on hand
$62.3M
$113.0M
Total DebtLower is stronger
$3.7M
Stockholders' EquityBook value
$-68.4M
$143.7M
Total Assets
$110.8M
$190.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURR
CURR
MASS
MASS
Q4 25
$113.0M
Q3 25
$112.1M
Q2 25
$118.6M
Q1 25
$62.3M
$124.3M
Q4 24
$69.6M
Q3 24
$49.1M
$71.7M
Q2 24
$77.4M
Q1 24
$134.2M
Total Debt
CURR
CURR
MASS
MASS
Q4 25
Q3 25
Q2 25
Q1 25
$3.7M
Q4 24
Q3 24
$20.1M
Q2 24
Q1 24
Stockholders' Equity
CURR
CURR
MASS
MASS
Q4 25
$143.7M
Q3 25
$136.3M
Q2 25
$148.8M
Q1 25
$-68.4M
$159.4M
Q4 24
$114.6M
Q3 24
$-47.0M
$131.0M
Q2 24
$156.4M
Q1 24
$-10.9M
$156.9M
Total Assets
CURR
CURR
MASS
MASS
Q4 25
$190.1M
Q3 25
$190.9M
Q2 25
$191.7M
Q1 25
$110.8M
$196.0M
Q4 24
$159.5M
Q3 24
$115.0M
$178.3M
Q2 24
$208.8M
Q1 24
$54.5M
$189.8M

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
MASS
MASS
Operating Cash FlowLast quarter
$-1.5M
$1.3M
Free Cash FlowOCF − Capex
$-1.7M
$1.3M
FCF MarginFCF / Revenue
-16.5%
7.6%
Capex IntensityCapex / Revenue
1.7%
0.0%
Cash ConversionOCF / Net Profit
0.32×
TTM Free Cash FlowTrailing 4 quarters
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURR
CURR
MASS
MASS
Q4 25
$1.3M
Q3 25
$-4.2M
Q2 25
$-5.8M
Q1 25
$-1.5M
$-15.0M
Q4 24
$-2.2M
Q3 24
$-11.3M
$-5.6M
Q2 24
$-13.0M
Q1 24
$-221.0K
$-9.4M
Free Cash Flow
CURR
CURR
MASS
MASS
Q4 25
$1.3M
Q3 25
$-4.9M
Q2 25
$-5.9M
Q1 25
$-1.7M
$-15.2M
Q4 24
$-2.4M
Q3 24
$-5.8M
Q2 24
$-13.7M
Q1 24
$-233.0K
$-10.3M
FCF Margin
CURR
CURR
MASS
MASS
Q4 25
7.6%
Q3 25
-34.9%
Q2 25
-45.3%
Q1 25
-16.5%
-128.9%
Q4 24
-17.0%
Q3 24
-39.7%
Q2 24
-119.4%
Q1 24
-1.8%
-138.2%
Capex Intensity
CURR
CURR
MASS
MASS
Q4 25
0.0%
Q3 25
4.9%
Q2 25
0.9%
Q1 25
1.7%
1.4%
Q4 24
1.3%
Q3 24
1.1%
Q2 24
5.6%
Q1 24
0.1%
12.2%
Cash Conversion
CURR
CURR
MASS
MASS
Q4 25
0.32×
Q3 25
Q2 25
Q1 25
-0.34×
Q4 24
Q3 24
Q2 24
Q1 24

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%

MASS
MASS

Products$14.3M82%
Services$3.0M18%

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