CURRENC Group Inc., trading on Nasdaq under the symbol CURR, is a fintech company specializing in AI solutions for financial institutions. On March 18, 2025, CURR reported an earnings per share (EPS) of -$0.05, which matched the estimated EPS. The company's revenue for this period was $9.8 million, aligning perfectly with the estimated revenue.
CURRENC has announced a collaboration with ARC Group to launch the CURR-ARC AI Fund 1, aiming to raise up to $100 million. This fund focuses on AI data centers, green energy, and computing power development. CURR-ARC GP Limited, the fund's general partner, is owned 80% by CURRENC and 20% by ARC Group.
The fund plans to invest 80% of its resources in global AI computing power and green energy infrastructure projects. This initiative is part of CURRENC's strategy to empower financial institutions with advanced AI solutions. The company is also developing a 500MW hyperscale Artificial Intelligence Data Center in Johor, Malaysia, expected to be operational by the end of 2026.
Despite these strategic moves, CURR faces financial challenges. The company has a negative price-to-earnings (P/E) ratio of -130.78, indicating negative earnings. The price-to-sales ratio is 3.81, and the enterprise value to sales ratio is 2.57, reflecting its valuation relative to revenue. The enterprise value to operating cash flow ratio is high at 161.78, suggesting cash flow generation challenges.
The company's financial health is further highlighted by a negative earnings yield of -0.76% and a debt-to-equity ratio of -1.80, indicating more liabilities than equity. Additionally, the current ratio is extremely low at 0.0017, pointing to potential liquidity issues. Despite these hurdles, CURRENC continues to focus on AI innovation and digital transformation.
