Currency Exchange International Corp
OTC:CURN
Currency Exchange International Corp
Currency Exchange International Corp. engages in the provision of foreign currency exchange and related products and services. The company is headquartered in Orlando, Florida and currently employs 267 full-time employees. The company went IPO on 2012-03-09. CXI operates as a money service and payments business that provides currency exchange, wire transfer, and cheque cashing. CXI geographic segment include United States and Canada. The company provides its products to financial institutions, money service businesses, travel companies, and other commercial clients. The firm's software application includes CEIFX, which is a web-based software which enables clients to process international payments, foreign banknotes, and foreign checks. CEIFX is also an on-line compliance and risk management tool companies. Its solution includes financial institution solutions, international wire payment, foreign check clearing, foreign bank note exchange and foreign draft issuance. The firm has five vaults and 35 branch locations.
Currency Exchange International Corp. engages in the provision of foreign currency exchange and related products and services. The company is headquartered in Orlando, Florida and currently employs 267 full-time employees. The company went IPO on 2012-03-09. CXI operates as a money service and payments business that provides currency exchange, wire transfer, and cheque cashing. CXI geographic segment include United States and Canada. The company provides its products to financial institutions, money service businesses, travel companies, and other commercial clients. The firm's software application includes CEIFX, which is a web-based software which enables clients to process international payments, foreign banknotes, and foreign checks. CEIFX is also an on-line compliance and risk management tool companies. Its solution includes financial institution solutions, international wire payment, foreign check clearing, foreign bank note exchange and foreign draft issuance. The firm has five vaults and 35 branch locations.
Strong Net Income: Net income for fiscal 2025 was $10.3 million, up 317% year-over-year, boosted by the discontinuance of the Canadian operation and higher U.S. profitability.
Revenue Growth: Full-year revenue grew 5% to $72.5 million; Q4 revenue rose 8% to $19.8 million, driven by payments and direct-to-consumer banknotes.
Payments Expansion: Payments revenue increased 31% in Q4 and now makes up 17% of total revenue, with strong trading volume growth and new clients.
Discontinued Operations: Exit from Exchange Bank of Canada completed, with regulatory approval and asset liquidation expected by Q2 2026.
Cost Control: Operating expenses grew 3% for the year, slower than revenue, and the expense-to-revenue ratio improved to 67%.
Healthy Cash Position: Ended the year with over $100 million in cash, including $25 million in AAA-rated money market funds, and an unused $40 million credit line.
Share Buybacks: Continued share repurchases, buying back 312,300 shares for $4.75 million, with a new program approved to purchase up to 360,000 more.
