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Side-by-side financial comparison of Currenc Group Inc. (CURR) and Relay Therapeutics, Inc. (RLAY). Click either name above to swap in a different company.
Currenc Group Inc. is the larger business by last-quarter revenue ($10.1M vs $7.0M, roughly 1.4× Relay Therapeutics, Inc.). Currenc Group Inc. produced more free cash flow last quarter ($-1.7M vs $-235.9M).
Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.
CURR vs RLAY — Head-to-Head
Income Statement — Q1 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.1M | $7.0M |
| Net Profit | $-4.7M | — |
| Gross Margin | 31.8% | — |
| Operating Margin | -43.0% | — |
| Net Margin | -46.5% | — |
| Revenue YoY | -23.3% | — |
| Net Profit YoY | -54.0% | — |
| 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.
| Q4 25 | — | $7.0M | ||
| Q3 25 | — | $0 | ||
| Q1 25 | $10.1M | $7.7M | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $11.3M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | $13.1M | $10.0M | ||
| Q3 23 | $12.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-74.1M | ||
| Q1 25 | $-4.7M | $-77.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-5.0M | $-88.1M | ||
| Q2 24 | — | $-92.2M | ||
| Q1 24 | $-3.0M | $-81.4M | ||
| Q3 23 | $-3.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 27.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 33.6% | — | ||
| Q3 23 | 32.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | -43.0% | -1105.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -141.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.8% | -903.0% | ||
| Q3 23 | -18.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | -46.5% | -1003.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | -44.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -23.2% | -813.3% | ||
| Q3 23 | -30.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.43 | ||
| Q1 25 | $-0.13 | $-0.46 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | $-0.63 | ||
| Q2 24 | — | $-0.69 | ||
| Q1 24 | $-0.09 | $-0.62 | ||
| Q3 23 | $-0.11 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $62.3M | $84.0M |
| Total DebtLower is stronger | $3.7M | — |
| Stockholders' EquityBook value | $-68.4M | $567.1M |
| Total Assets | $110.8M | $621.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $91.6M | ||
| Q1 25 | $62.3M | $93.5M | ||
| Q4 24 | — | $124.3M | ||
| Q3 24 | $49.1M | $152.4M | ||
| Q2 24 | — | $134.1M | ||
| Q1 24 | — | $152.9M | ||
| Q3 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $20.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | $567.1M | ||
| Q3 25 | — | $607.7M | ||
| Q1 25 | $-68.4M | $721.1M | ||
| Q4 24 | — | $777.8M | ||
| Q3 24 | $-47.0M | $838.9M | ||
| Q2 24 | — | $681.7M | ||
| Q1 24 | $-10.9M | $745.8M | ||
| Q3 23 | $-10.2M | — |
| Q4 25 | — | $621.3M | ||
| Q3 25 | — | $670.0M | ||
| Q1 25 | $110.8M | $799.4M | ||
| Q4 24 | — | $871.3M | ||
| Q3 24 | $115.0M | $930.1M | ||
| Q2 24 | — | $772.5M | ||
| Q1 24 | $54.5M | $841.4M | ||
| Q3 23 | $82.0M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.5M | $-235.5M |
| Free Cash FlowOCF − Capex | $-1.7M | $-235.9M |
| FCF MarginFCF / Revenue | -16.5% | -3370.0% |
| Capex IntensityCapex / Revenue | 1.7% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-622.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-235.5M | ||
| Q3 25 | — | $-62.1M | ||
| Q1 25 | $-1.5M | $-73.2M | ||
| Q4 24 | — | $-249.1M | ||
| Q3 24 | $-11.3M | $-75.1M | ||
| Q2 24 | — | $-65.8M | ||
| Q1 24 | $-221.0K | $-50.3M | ||
| Q3 23 | $-10.5M | — |
| Q4 25 | — | $-235.9M | ||
| Q3 25 | — | $-62.1M | ||
| Q1 25 | $-1.7M | $-73.6M | ||
| Q4 24 | — | $-251.1M | ||
| Q3 24 | — | $-75.3M | ||
| Q2 24 | — | $-65.8M | ||
| Q1 24 | $-233.0K | $-52.1M | ||
| Q3 23 | — | — |
| Q4 25 | — | -3370.0% | ||
| Q3 25 | — | — | ||
| Q1 25 | -16.5% | -958.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -1.8% | -520.7% | ||
| Q3 23 | — | — |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | — | ||
| Q1 25 | 1.7% | 5.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | 17.8% | ||
| Q3 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CURR
| Sales Of Airtime | $5.5M | 54% |
| Fiat Remittance Service | $4.4M | 44% |
RLAY
Segment breakdown not available.
