XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 10,055,569 $ 13,104,123
Cost of revenue (6,854,172) (8,696,562)
Gross profit 3,201,397 4,407,561
Selling expenses 3,987
General and administrative expenses 7,522,252 5,824,208
Loss from operations (4,320,855) (1,420,634)
Finance costs, net (1,087,313) (1,311,363)
Other income 969,691 189,735
Other expenses (402) (19,137)
Loss before income tax (4,438,879) (2,561,399)
Income tax expense (48,479) (70,529)
Net loss (4,487,358) (2,631,928)
Net income attributable to non-controlling interests (187,000) (403,056)
Net loss attributable to Currenc Group Inc. $ (4,674,358) $ (3,034,984)
Net loss per share, basic [1] $ (0.13) $ (0.09)
Loss per share, diluted [1] $ (0.13) $ (0.09)
Shares used in net loss per share computation, basic [1] 35,374,891 33,980,753
Shares used in net loss per share computation, diluted [1] 35,374,891 33,980,753
Other comprehensive loss:    
Foreign currency translation adjustments $ 171,532 $ 368,135
Total comprehensive loss (4,315,826) (2,263,793)
Total Comprehensive Loss attributable to non-controlling interests (228,069) (407,798)
Total comprehensive loss attributable to Currenc Group Inc. $ (4,543,895) $ (2,671,591)
[1] Retrospectively restated to reflect Reverse Recapitalization – See Note 1 and Note 2.