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Side-by-side financial comparison of Currenc Group Inc. (CURR) and Paranovus Entertainment Technology Ltd. (PAVS). Click either name above to swap in a different company.

Paranovus Entertainment Technology Ltd. is the larger business by last-quarter revenue ($12.4M vs $10.1M, roughly 1.2× Currenc Group Inc.). Paranovus Entertainment Technology Ltd. runs the higher net margin — -5.5% vs -46.5%, a 41.0% gap on every dollar of revenue. On growth, Paranovus Entertainment Technology Ltd. posted the faster year-over-year revenue change (18033.4% vs -23.3%).

CURR vs PAVS — Head-to-Head

Bigger by revenue
PAVS
PAVS
1.2× larger
PAVS
$12.4M
$10.1M
CURR
Growing faster (revenue YoY)
PAVS
PAVS
+18056.7% gap
PAVS
18033.4%
-23.3%
CURR
Higher net margin
PAVS
PAVS
41.0% more per $
PAVS
-5.5%
-46.5%
CURR

Income Statement — Q1 FY2025 vs Q2 FY2026

Metric
CURR
CURR
PAVS
PAVS
Revenue
$10.1M
$12.4M
Net Profit
$-4.7M
$-681.0K
Gross Margin
31.8%
20.0%
Operating Margin
-43.0%
-5.1%
Net Margin
-46.5%
-5.5%
Revenue YoY
-23.3%
18033.4%
Net Profit YoY
-54.0%
61.4%
EPS (diluted)
$-0.13

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
PAVS
PAVS
Q3 25
$12.4M
Q1 25
$10.1M
Q3 24
$11.3M
Q1 24
$13.1M
Q3 23
$12.7M
$0
Net Profit
CURR
CURR
PAVS
PAVS
Q3 25
$-681.0K
Q1 25
$-4.7M
Q3 24
$-5.0M
Q1 24
$-3.0M
Q3 23
$-3.8M
$8.2M
Gross Margin
CURR
CURR
PAVS
PAVS
Q3 25
20.0%
Q1 25
31.8%
Q3 24
27.8%
Q1 24
33.6%
Q3 23
32.5%
Operating Margin
CURR
CURR
PAVS
PAVS
Q3 25
-5.1%
Q1 25
-43.0%
Q3 24
-141.5%
Q1 24
-10.8%
Q3 23
-18.2%
Net Margin
CURR
CURR
PAVS
PAVS
Q3 25
-5.5%
Q1 25
-46.5%
Q3 24
-44.1%
Q1 24
-23.2%
Q3 23
-30.1%
EPS (diluted)
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
$-0.13
Q3 24
$-0.13
Q1 24
$-0.09
Q3 23
$-0.11

Balance Sheet & Financial Strength

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

Metric
CURR
CURR
PAVS
PAVS
Cash + ST InvestmentsLiquidity on hand
$62.3M
$5.2M
Total DebtLower is stronger
$3.7M
Stockholders' EquityBook value
$-68.4M
$23.6M
Total Assets
$110.8M
$37.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURR
CURR
PAVS
PAVS
Q3 25
$5.2M
Q1 25
$62.3M
Q3 24
$49.1M
Q1 24
Q3 23
$1.0M
Total Debt
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
$3.7M
Q3 24
$20.1M
Q1 24
Q3 23
Stockholders' Equity
CURR
CURR
PAVS
PAVS
Q3 25
$23.6M
Q1 25
$-68.4M
Q3 24
$-47.0M
Q1 24
$-10.9M
Q3 23
$-10.2M
$10.7M
Total Assets
CURR
CURR
PAVS
PAVS
Q3 25
$37.3M
Q1 25
$110.8M
Q3 24
$115.0M
Q1 24
$54.5M
Q3 23
$82.0M
$11.2M

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
PAVS
PAVS
Operating Cash FlowLast quarter
$-1.5M
$-159.3K
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
PAVS
PAVS
Q3 25
$-159.3K
Q1 25
$-1.5M
Q3 24
$-11.3M
Q1 24
$-221.0K
Q3 23
$-10.5M
$-13.1M
Free Cash Flow
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
$-1.7M
Q3 24
Q1 24
$-233.0K
Q3 23
FCF Margin
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
-16.5%
Q3 24
Q1 24
-1.8%
Q3 23
Capex Intensity
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
1.7%
Q3 24
Q1 24
0.1%
Q3 23
Cash Conversion
CURR
CURR
PAVS
PAVS
Q3 25
Q1 25
Q3 24
Q1 24
Q3 23
-1.60×

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%

PAVS
PAVS

Segment breakdown not available.

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