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Side-by-side financial comparison of Currenc Group Inc. (CURR) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $10.1M, roughly 1.9× Currenc Group Inc.). Currenc Group Inc. runs the higher net margin — -46.5% vs -82.3%, a 35.8% gap on every dollar of revenue. On growth, Currenc Group Inc. posted the faster year-over-year revenue change (-23.3% vs -28.0%). Currenc Group Inc. produced more free cash flow last quarter ($-1.7M vs $-41.3M).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CURR vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.9× larger
USAS
$19.1M
$10.1M
CURR
Growing faster (revenue YoY)
CURR
CURR
+4.8% gap
CURR
-23.3%
-28.0%
USAS
Higher net margin
CURR
CURR
35.8% more per $
CURR
-46.5%
-82.3%
USAS
More free cash flow
CURR
CURR
$39.6M more FCF
CURR
$-1.7M
$-41.3M
USAS

Income Statement — Q1 FY2025 vs Q3 FY2025

Metric
CURR
CURR
USAS
USAS
Revenue
$10.1M
$19.1M
Net Profit
$-4.7M
$-15.7M
Gross Margin
31.8%
34.2%
Operating Margin
-43.0%
Net Margin
-46.5%
-82.3%
Revenue YoY
-23.3%
-28.0%
Net Profit YoY
-54.0%
2.8%
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
USAS
USAS
Q3 25
$19.1M
Q1 25
$10.1M
Q3 24
$11.3M
$26.5M
Q1 24
$13.1M
Q3 23
$12.7M
Net Profit
CURR
CURR
USAS
USAS
Q3 25
$-15.7M
Q1 25
$-4.7M
Q3 24
$-5.0M
$-16.2M
Q1 24
$-3.0M
Q3 23
$-3.8M
Gross Margin
CURR
CURR
USAS
USAS
Q3 25
34.2%
Q1 25
31.8%
Q3 24
27.8%
23.6%
Q1 24
33.6%
Q3 23
32.5%
Operating Margin
CURR
CURR
USAS
USAS
Q3 25
Q1 25
-43.0%
Q3 24
-141.5%
Q1 24
-10.8%
Q3 23
-18.2%
Net Margin
CURR
CURR
USAS
USAS
Q3 25
-82.3%
Q1 25
-46.5%
Q3 24
-44.1%
-60.9%
Q1 24
-23.2%
Q3 23
-30.1%
EPS (diluted)
CURR
CURR
USAS
USAS
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
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$62.3M
$39.1M
Total DebtLower is stronger
$3.7M
Stockholders' EquityBook value
$-68.4M
$50.2M
Total Assets
$110.8M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURR
CURR
USAS
USAS
Q3 25
$39.1M
Q1 25
$62.3M
Q3 24
$49.1M
Q1 24
Q3 23
Total Debt
CURR
CURR
USAS
USAS
Q3 25
Q1 25
$3.7M
Q3 24
$20.1M
Q1 24
Q3 23
Stockholders' Equity
CURR
CURR
USAS
USAS
Q3 25
$50.2M
Q1 25
$-68.4M
Q3 24
$-47.0M
$53.1M
Q1 24
$-10.9M
Q3 23
$-10.2M
Total Assets
CURR
CURR
USAS
USAS
Q3 25
$234.7M
Q1 25
$110.8M
Q3 24
$115.0M
Q1 24
$54.5M
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
CURR
CURR
USAS
USAS
Operating Cash FlowLast quarter
$-1.5M
$-12.5M
Free Cash FlowOCF − Capex
$-1.7M
$-41.3M
FCF MarginFCF / Revenue
-16.5%
-216.5%
Capex IntensityCapex / Revenue
1.7%
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURR
CURR
USAS
USAS
Q3 25
$-12.5M
Q1 25
$-1.5M
Q3 24
$-11.3M
$2.4M
Q1 24
$-221.0K
Q3 23
$-10.5M
Free Cash Flow
CURR
CURR
USAS
USAS
Q3 25
$-41.3M
Q1 25
$-1.7M
Q3 24
$-11.2M
Q1 24
$-233.0K
Q3 23
FCF Margin
CURR
CURR
USAS
USAS
Q3 25
-216.5%
Q1 25
-16.5%
Q3 24
-42.2%
Q1 24
-1.8%
Q3 23
Capex Intensity
CURR
CURR
USAS
USAS
Q3 25
150.8%
Q1 25
1.7%
Q3 24
51.2%
Q1 24
0.1%
Q3 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%

USAS
USAS

Segment breakdown not available.

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