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Side-by-side financial comparison of Currenc Group Inc. (CURR) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $10.1M, roughly 1.7× Currenc Group Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -46.5%, a 4.3% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -23.3%). Currenc Group Inc. produced more free cash flow last quarter ($-1.7M vs $-4.9M).
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
CURR vs VLN — Head-to-Head
Income Statement — Q1 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.1M | $17.3M |
| Net Profit | $-4.7M | $-7.3M |
| Gross Margin | 31.8% | 63.0% |
| Operating Margin | -43.0% | -46.4% |
| Net Margin | -46.5% | -42.2% |
| Revenue YoY | -23.3% | 8.1% |
| Net Profit YoY | -54.0% | 29.3% |
| EPS (diluted) | $-0.13 | $-0.07 |
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.
| Q3 25 | — | $17.3M | ||
| Q2 25 | — | $17.1M | ||
| Q1 25 | $10.1M | $16.8M | ||
| Q3 24 | $11.3M | $16.0M | ||
| Q2 24 | — | $13.6M | ||
| Q1 24 | $13.1M | — | ||
| Q3 23 | $12.7M | — | ||
| Q2 23 | — | $24.2M |
| Q3 25 | — | $-7.3M | ||
| Q2 25 | — | $-7.2M | ||
| Q1 25 | $-4.7M | $-8.3M | ||
| Q3 24 | $-5.0M | $-10.4M | ||
| Q2 24 | — | $-8.9M | ||
| Q1 24 | $-3.0M | — | ||
| Q3 23 | $-3.8M | — | ||
| Q2 23 | — | $-4.6M |
| Q3 25 | — | 63.0% | ||
| Q2 25 | — | 63.5% | ||
| Q1 25 | 31.8% | 62.9% | ||
| Q3 24 | 27.8% | 56.4% | ||
| Q2 24 | — | 61.4% | ||
| Q1 24 | 33.6% | — | ||
| Q3 23 | 32.5% | — | ||
| Q2 23 | — | 61.8% |
| Q3 25 | — | -46.4% | ||
| Q2 25 | — | -43.3% | ||
| Q1 25 | -43.0% | -56.2% | ||
| Q3 24 | -141.5% | -76.3% | ||
| Q2 24 | — | -69.2% | ||
| Q1 24 | -10.8% | — | ||
| Q3 23 | -18.2% | — | ||
| Q2 23 | — | -21.4% |
| Q3 25 | — | -42.2% | ||
| Q2 25 | — | -42.1% | ||
| Q1 25 | -46.5% | -49.4% | ||
| Q3 24 | -44.1% | -64.6% | ||
| Q2 24 | — | -65.2% | ||
| Q1 24 | -23.2% | — | ||
| Q3 23 | -30.1% | — | ||
| Q2 23 | — | -19.0% |
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | $-0.13 | $-0.08 | ||
| Q3 24 | $-0.13 | $-0.10 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | $-0.09 | — | ||
| Q3 23 | $-0.11 | — | ||
| Q2 23 | — | $-0.05 |
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 | $93.5M |
| Total DebtLower is stronger | $3.7M | — |
| Stockholders' EquityBook value | $-68.4M | $108.8M |
| Total Assets | $110.8M | $136.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $93.5M | ||
| Q2 25 | — | $102.7M | ||
| Q1 25 | $62.3M | $112.5M | ||
| Q3 24 | $49.1M | $133.1M | ||
| Q2 24 | — | $105.9M | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $138.0M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.7M | — | ||
| Q3 24 | $20.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | — | $108.8M | ||
| Q2 25 | — | $116.5M | ||
| Q1 25 | $-68.4M | $128.6M | ||
| Q3 24 | $-47.0M | $147.0M | ||
| Q2 24 | — | $153.5M | ||
| Q1 24 | $-10.9M | — | ||
| Q3 23 | $-10.2M | — | ||
| Q2 23 | — | $166.3M |
| Q3 25 | — | $136.7M | ||
| Q2 25 | — | $144.8M | ||
| Q1 25 | $110.8M | $154.6M | ||
| Q3 24 | $115.0M | $171.9M | ||
| Q2 24 | — | $175.8M | ||
| Q1 24 | $54.5M | — | ||
| Q3 23 | $82.0M | — | ||
| Q2 23 | — | $184.3M |
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 | $-4.7M |
| Free Cash FlowOCF − Capex | $-1.7M | $-4.9M |
| FCF MarginFCF / Revenue | -16.5% | -28.5% |
| Capex IntensityCapex / Revenue | 1.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-4.7M | ||
| Q2 25 | — | $-211.0K | ||
| Q1 25 | $-1.5M | $-7.6M | ||
| Q3 24 | $-11.3M | $3.0M | ||
| Q2 24 | — | $-225.0K | ||
| Q1 24 | $-221.0K | — | ||
| Q3 23 | $-10.5M | — | ||
| Q2 23 | — | $358.0K |
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $-330.0K | ||
| Q1 25 | $-1.7M | $-8.0M | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $-460.0K | ||
| Q1 24 | $-233.0K | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $-419.0K |
| Q3 25 | — | -28.5% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | -16.5% | -47.3% | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | -1.8% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | -1.7% |
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 3.2% |
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% |
VLN
Segment breakdown not available.
