NASDAQ$CURR
Currenc Group Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
CURRENC reported a larger-than-expected net loss in Q4 2024 while revenues beat expectations, driven by Tranglo's remittance growth and the company’s aggressive pivot toward AI.
CURRENC posted a Q4 net loss of $38.8M and EPS of -$0.70. Despite the loss, revenue reached $11.06M, surpassing expectations. Strategic investments in AI were the key focus this quarter.
- Q4 revenue of $11.06M exceeded analyst expectations by $1.26M.
- EPS came in at -$0.70, missing estimates by $0.65.
- The net loss was largely due to non-cash expenses related to the SPAC merger and goodwill impairments.
- CURRENC launched major AI initiatives including a 500MW data center and SEAMLESS AI platform to drive future growth.
Headline financials
Revenue & EPS history
InFinT · Revenue · Quarterly
$11.1M
Revenue by segment
InFinT · $37.8M total across 3 segments · Q4 2026
- Remittance (Tranglo)$22.2M—58.7%
- Global Airtime$7.94M—21.0%
- Local Airtime$7.68M—20.3%
Forward guidance
CURRENC expects AI initiatives to drive new revenue growth in 2025 while legacy airtime business is deprioritized. Remittance business remains a core contributor.
Tailwinds
- AI Staff for Hire and SEAMLESS AI expected to bring in new clients and revenue streams.
- Planned 500MW hyperscale AI data center in Malaysia to position CURRENC as AI infrastructure leader.
- Establishment of $100M CURR-ARC AI Fund to support fintech and infrastructure expansion.
- Remittance TPV continues to grow, showing business resilience.
- Divestiture of underperforming assets (TNG Asia, GEA) to streamline operations.
Headwinds
- Significant Q4 net loss driven by one-time SPAC-related non-cash expenses.
- Global airtime revenue fell sharply due to market decline in Southeast Asia.
- Gross margins remain under pressure in non-remittance segments.
- Still reliant on competitive remittance market with declining take rate.
- High operating costs from AI ramp-up may pressure margins in near term.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q4 2024
-1.2%
Avg return
Earnings day
+5.6%
Avg return
5 days after
-9.4%
Avg return
30 days after
18%
2 / 11 earnings
Positive
+2.5%
Q1 2027
Best reaction
-9.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +2.5% | -0.3% | — | |
| Q4 2026 | -2.5% | +31.1% | -8.8% | |
| Q1 2025 | -2.5% | +14.5% | +19.7% | |
| Q4 2024 | -0.6% | -3.1% | -37.1% | |
| Q3 2024 | -9.1% | -14.2% | -11.4% | |
| Q2 2024 | +0.0% | — | — | |
| Q1 2024 | -0.3% | — | — | |
| Q4 2023 | -0.3% | — | — | |
| Q3 2023 | +0.1% | — | — | |
| Q3 2021 | +0.0% | — | — | |
| Q3 2022 | +0.0% | — | — |
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