Currenc Group Inc. (CURR) vs Expensify, Inc. (EXFY)

Currenc Group Inc. and Expensify, Inc. are both Software Application companies. Currenc Group Inc. and Expensify, Inc. are of similar size ($208.8M and $203.3M). Expensify, Inc. grew revenue faster over the last twelve months: −5.46% against −18.6%. Expensify, Inc. has the higher net margin (−12.2% vs −48.7%) and the lower return on invested capital (−9.76% vs 0.00%). Across the 18 metrics below, Expensify, Inc. leads on 12 and Currenc Group Inc. on 6.

Valuation

Metric CURR EXFY Software Application median
P/E n/m n/m 26.44
P/S 3.07 1.37 2.90
P/B 6.23 1.36 2.60
Price to free cash flow 15.73 21.89 17.04
EV/EBITDA n/m n/m 15.48
EV/Sales 1.52 1.33 3.00
Earnings yield (15.87%) (8.82%) 0.20%
Free cash flow yield 6.36% 4.57% 1.96%

Profitability

Metric CURR EXFY Software Application median
Gross margin 40.77% 47.59% 67.34%
Operating margin (20.99%) (8.46%) 0.00%
Net margin (48.74%) (12.23%) 0.00%
Free cash flow margin 19.53% (2.99%) 5.77%
Return on equity 159.54% (12.19%) 0.00%
Return on assets (16.85%) (8.82%) 0.00%
Return on invested capital 0.00% (9.76%) 0.00%

Growth

Metric CURR EXFY Software Application median
Revenue growth (TTM) (18.57%) (5.46%) 12.12%
EPS growth (last fiscal year) 70.87% (91.67%) 32.44%
Revenue growth, 5-year CAGR — 10.04% 14.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CURR EXFY Software Application median
Debt to equity 0.88 0.00 0.04
Current ratio 1.12 3.51 1.53
Net debt to EBITDA 17.44 7.13 0.09

Dividend

Metric CURR EXFY Software Application median
Dividend yield — — 1.07%
Payout ratio — — 0.28

Size

Metric CURR EXFY Software Application median
Market cap 208.84m 203.34m 383.88m

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