Currenc Group
CURR on Nasdaq. Business services, nec. Market value $348m.
Figures from the annual report for the year ended 31 December 2025.
We can't pin down how many shares it has, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
What to watch out for
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $3.43 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$2.81 a share, 114% above its 1-year low
Over the past year the price has ranged from $1.31 to $5.08.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | n/a | $53m | $46m | $38m |
| Operating margin | ||||
| Operating margin | n/a | -12.5% | -59.0% | -21.0% |
| Debt to equity | ||||
| Debt to equity | n/a | n/a | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | n/a | 0.05bn | 0.05bn | 0.08bn |
Health checks
- Free cash flow positive2 of 3 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsUnknown
The quarter to December 2025
How the business did, compared with the same quarter a year earlier.
| Quarter to | Amount |
|---|---|
| September 2023 | $13m |
| December 2023 | $13m |
| March 2024 | $13m |
| June 2024 | Not reported |
| September 2024 | $11m |
| December 2024 | $11m |
| March 2025 | $10m |
| December 2025 | Not reported |
| Quarter to | Amount |
|---|---|
| September 2023 | -$4m |
| December 2023 | -$4m |
| March 2024 | -$3m |
| June 2024 | $174,050 |
| September 2024 | -$5m |
| December 2024 | -$28m |
| March 2025 | -$5m |
| December 2025 | Not reported |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 30 April 2026
- Next quarterly (estimated, 10-Q)
- 19 August 2025
Who owns it
None of the long-term investors we follow own it. 11 funds in all.
Largest holders overall
- Morgan Stanley$2m
- Jane Street Group$242,446New
- Geode Capital Management$130,299Added
- Engineers Gate Manager LP$98,069New
- Kestra Advisory Services$93,911Cut
- XTX Topco$91,638Cut
- Citadel Advisors$68,027Cut
- TWO Sigma Investments, LP$61,746Cut
- UBS Group AG$1,877Cut
- SBI Securities$203
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Wong Man SanPassive investor5.0%+4.9 ptsSince 3 October 2025
- Wong Nga ManPassive investorSold down below 5%Since 27 June 2025
- Huang YafangzhouPassive investorSold down below 5%Since 21 July 2025
| Holder | Stake | Since | |
|---|---|---|---|
Wong Man San Passive investor | 5.0%+4.9 pts | 3 October 2025 | |
Wong Nga Man Passive investor | Sold down below 5% | 27 June 2025 | |
Huang Yafangzhou Passive investor | Sold down below 5% | 21 July 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Currenc Group doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.