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CURR (Currenc Group) Net Margin % : -44.06% (As of Sep. 2024)


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What is Currenc Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Currenc Group's Net Income for the three months ended in Sep. 2024 was $-4.96 Mil. Currenc Group's Revenue for the three months ended in Sep. 2024 was $11.26 Mil. Therefore, Currenc Group's net margin for the quarter that ended in Sep. 2024 was -44.06%.

The historical rank and industry rank for Currenc Group's Net Margin % or its related term are showing as below:

CURR' s Net Margin % Range Over the Past 10 Years
Min: -32.85   Med: -27.28   Max: -10.92
Current: -32.85


CURR's Net Margin % is ranked worse than
81.33% of 2759 companies
in the Software industry
Industry Median: 2.56 vs CURR: -32.85

Currenc Group Net Margin % Historical Data

The historical data trend for Currenc Group's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Currenc Group Net Margin % Chart

Currenc Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Margin %
-10.92 -25.82 -30.05 -28.74

Currenc Group Quarterly Data
Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Sep23 Dec23 Mar24 Sep24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.54 -30.07 -32.91 -23.16 -44.06

Competitive Comparison of Currenc Group's Net Margin %

For the Software - Application subindustry, Currenc Group's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Currenc Group's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Currenc Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Currenc Group's Net Margin % falls into.


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Currenc Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Currenc Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-15.307/53.255
=-28.74 %

Currenc Group's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-4.961/11.26
=-44.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Currenc Group  (NAS:CURR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Currenc Group Net Margin % Related Terms

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Currenc Group Business Description

Traded in Other Exchanges
N/A
Address
410 North Bridge Road, SPACES City Hall, Singapore, SGP, 188726
Currenc Group Inc is a fintech banking platform for e-wallets, financial institutions and merchants world-wide, delivering frictionless interoperable real-time fund transfers and instant messaging.