Currenc (CURR) Cost of Revenue (2022 - 2025)
Currenc (CURR) reported Cost of Revenue of $4.95 million for Q4 2025, down 36.6% from $7.81 million a year earlier and down 3.2% from the prior quarter.
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Analysis
Currenc (CURR) Cost of Revenue (2022 - 2025) Analysis & Trends
For FY2025, Currenc posted Cost of Revenue of $22.4 million, down 29.7% from FY2024.
- Cost of Revenue has a four-year compound annual growth rate of 232.3% (FY2021 to FY2025).
- By year, Cost of Revenue came in at $31.84 million in FY2024 (-11.3%), $35.9 million in FY2023 (+855.6%), $3.76 million in FY2022 and $183,619 in FY2021.
- The Q4 2025 figure ranks as the lowest quarterly Cost of Revenue since Q2 2023.
- Year over year, Cost of Revenue has now declined in each of the last six quarters, with an average decline of 23.3% over the last six quarters.
- The high point for year-over-year Cost of Revenue in five years was Q4 2023 (growth of 925.8%); the low point was Q2 2023 (a decline of 62.7%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $5.12 million (Q3 2025), $5.47 million (Q2 2025) and $6.85 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 727.50 Bn | 670.82 Bn | - | - |
| 2 | Mastercard | 542.86 Bn | 502.77 Bn | - | - |
| 3 | Wise | 13.67 Bn | 13.67 Bn | - | - |
| 4 | Remitly Global | 5.25 Bn | 2.91 Bn | 307.34 Mn | 187.81 Mn |
| 5 | Western Union | 1.98 Bn | -2.03 Bn | 336.50 Mn | 676.70 Mn |
| 6 | International Money Express | 280.89 Mn | -339.26 Mn | - | - |
| 7 | Currenc | 169.31 Mn | -57.65 Mn | 3.70 Mn | 4.95 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 801,604.53 | - | - |
| 9 | American Express | 210.06 Bn | 9.55 Bn | - | - |
| 10 | Capital One Financial | 123.51 Bn | 123.51 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.95 Mn |
| Sep 30, 2025 | 5.12 Mn |
| Jun 30, 2025 | 5.47 Mn |
| Mar 31, 2025 | 6.85 Mn |
| Dec 31, 2024 | 7.81 Mn |
| Sep 30, 2024 | 8.12 Mn |
| Jun 30, 2024 | 501,075.00 |
| Mar 31, 2024 | 8.70 Mn |
| Dec 31, 2023 | 9.21 Mn |
| Sep 30, 2023 | 8.60 Mn |
| Jun 30, 2023 | 436,801.00 |
| Mar 31, 2023 | 577,950.00 |
| Dec 31, 2022 | 897,480.00 |
| Sep 30, 2022 | 1.12 Mn |
| Jun 30, 2022 | 1.17 Mn |
| Mar 31, 2022 | 431,549.00 |
API Access
Currenc Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CURR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CURR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CURR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();