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Circle Internet Group(CRCL)Earnings, Financials & Key Ratios
CRCL•NYSE•Banking & Credit
$121.80
$8.9B mkt cap·57.2× P/E·Price updated May 6, 2026
AboutCircle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides a suite of stablecoins and related products that include a network utility and application platform for organizations to benefit from stablecoins and the internet financial system; and issues a U.S. dollar-denominated stablecoin. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments, and developer services, as well as integration services. The company was founded in 2013 and is based in New York, New York.Show more
- Net Interest Income$33M+19.9%
- Total Revenue$1.68B+15.6%
- Net Income$156M-41.8%
- Return on Equity15.25%-33.0%
- Net Interest Margin0.07%-32.0%
- Efficiency Ratio13.62%+25.7%
- ROA0.43%-41.1%
- Equity / Assets1.24%-78.0%
- Book Value per Share7.81-64.1%
- Tangible BV/Share0.95-93.4%
- Debt/Equity0.07+74.2%
CRCL Key Insights
Circle Internet Group (CRCL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Efficient operations: 13.6% efficiency ratio
- ✓Diversified revenue: 97.9% from non-interest income
✗Weaknesses
- ✗Weak NIM of 0.1%
- ✗Thin capital base
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 15.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CRCL Price & Volume
Circle Internet Group (CRCL) stock price & volume — 10-year historical chart
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CRCL Growth Metrics
Circle Internet Group (CRCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years170.3%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-14.12%
5 Years-14.12%
3 Years8.34%
Last Year9.94%
CRCL Recent Earnings
Circle Internet Group (CRCL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/5 qtrs (100%)●Beat Revenue 3/5 qtrs (100%)
Q1 2026Latest
Feb 25, 2026EPS
$0.43
Est $0.16
+161.6%
Revenue
$770M
Est $749M
+2.8%
Q4 2025
Nov 12, 2025EPS
$0.64
Est $0.19
+234.7%
Revenue
$740M
Est $708M
+4.5%
Q3 2025
Aug 12, 2025EPS
$1.02
Est $1.10
+192.7%
Revenue
$658M
Est $646M
+1.9%
Q3 2025
Jun 5, 2025EPS
$0.29
Revenue
$579M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.43vs $0.16+161.6% | $770Mvs $749M+2.8% |
| Q4 2025 | Nov 12, 2025 | $0.64vs $0.19+234.7% | $740Mvs $708M+4.5% |
| Q3 2025 | Aug 12, 2025 | $1.02vs $1.10+192.7% | $658Mvs $646M+1.9% |
| Q3 2025 | Jun 5, 2025 | $0.29 | $579M |
Based on last 5 quarters of dataView full earnings history →
CRCL Peer Comparison
Circle Internet Group (CRCL) competitors in Digital Asset Trading and Infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COIN | 56.86B | 197.96 | 44.49 | 1.03% | 20.08% | 0.52 | ||
 MSTR | 51.87B | 186.82 | -12.27 | 2.97% | -25.66% | -25.66% | 0.16 | |
 HOOD | 71.21B | 79.05 | 38.56 | 51.58% | 21.38% | 1.68 | ||
 SOFI | 20.79B | 16.30 | 41.79 | 28.78% | 5.87% | 0.17 | ||
 PYPL | 42.56B | 46.26 | 8.55 | 4.32% | 25.08% | 0.49 | ||
 V | 611.6B | 318.80 | 31.25 | 11.34% | 58.9% | 0.66 | ||
 MA | 435.43B | 491.89 | 29.78 | 16.42% | 205.79% | 2.45 | ||
 AFRM | 21.85B | 65.58 | 437.20 | 38.8% | 7.6% | 8.83% | 2.56 |
Compare CRCL vs Peers
Circle Internet Group (CRCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CRCL Income Statement
Circle Internet Group (CRCL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Net Interest Income | -3.36M | -4.77M | 5.96M | 27.35M | 32.81M | 38.19M |
| NII Growth % | - | -41.9% | 224.92% | 358.82% | 19.95% | -2.88% |
| Net Interest Margin % | -0.08% | -0.01% | 0.01% | 0.11% | 0.07% | 0.05% |
| Interest Income | 0 | 0 | 8.64M | 29.26M | 34.71M | 39.72M |
| Interest Expense | 3.36M | 4.77M | 2.68M | 1.91M | 1.91M | 1.53M |
| Loan Loss Provision | 19.18M | 106.02M | 519.63M | 1.02B | 1.28B | 2.18B |
| Non-Interest Income | 15.44M | 84.88M | 763.41M | 1.42B | 1.64B | 2.3B |
| Non-Interest Income % | 100% | 100% | 98.88% | 97.98% | 97.93% | 98.3% |
| Total Revenue | 15.44M▲ 0% | 84.88M▲ 449.7% | 772.05M▲ 809.6% | 1.45B▲ 87.9% | 1.68B▲ 15.6% | 2.34B▲ 0% |
| Revenue Growth % | - | 449.69% | 809.61% | 87.87% | 15.57% | 58.47% |
| Non-Interest Expense | 23.79M | 60.18M | 287.85M | 157.16M | 228.32M | 262.41M |
| Efficiency Ratio | 154.06% | 70.91% | 37.28% | 10.84% | 13.62% | 11.21% |
| Operating Income | -30.89M▲ 0% | -86.1M▼ 178.7% | -38.12M▲ 55.7% | 269.53M▲ 807.1% | 167.16M▼ 38.0% | -99.3M▲ 0% |
| Operating Margin % | -200.05% | -101.44% | -4.94% | 18.58% | 9.97% | -4.24% |
| Operating Income Growth % | - | -178.72% | 55.73% | 807.13% | -37.98% | - |
| Pretax Income | -17.2M▲ 0% | -503.86M▼ 2829.8% | -758.51M▼ 50.5% | 318.95M▲ 142.0% | 221.57M▼ 30.5% | -170.2M▲ 0% |
| Pretax Margin % | -111.38% | -593.63% | -98.25% | 21.99% | 13.22% | -7.27% |
| Income Tax | 115K | 4.85M | 3.26M | 47.4M | 64.58M | -15.91M |
| Effective Tax Rate % | -0.67% | -0.96% | -0.43% | 14.86% | 29.15% | 9.35% |
| Net Income | 3.79M▲ 0% | -508.21M▼ 13509.1% | -768.85M▼ 51.3% | 267.56M▲ 134.8% | 155.67M▼ 41.8% | -154.28M▲ 0% |
| Net Margin % | 24.55% | -598.76% | -99.58% | 18.45% | 9.29% | -6.59% |
| Net Income Growth % | - | -13509.13% | -51.29% | 134.8% | -41.82% | - |
| Net Income (Continuing) | -17.31M | -508.71M | -761.77M | 271.55M | 156.99M | -154.28M |
| EPS (Diluted) | 0.09▲ 0% | -11.46▼ 13503.5% | -16.48▼ 43.8% | 3.96▲ 124.0% | 2.13▼ 46.2% | -0.66▲ 0% |
| EPS Growth % | - | -13503.51% | -43.8% | 124.03% | -46.21% | - |
| EPS (Basic) | 0.09 | -11.47 | -16.48 | 5.66 | 2.86 | - |
| Diluted Shares Outstanding | 44.35M | 44.35M | 46.66M | 67.55M | 73.04M | 234.2M |
CRCL Balance Sheet
Circle Internet Group (CRCL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 40.05M | 161.56M | 45.41B | 520.81M | 765.31M | 3.32B |
| Cash & Due from Banks | 26.42M | 161.56M | 36.66B | 368.62M | 750.98M | 1.35B |
| Short Term Investments | 13.63M | 0 | 8.75B | 152.18M | 14.33M | 0 |
| Total Investments | 15.94M | 28.23M | 8.84B | 330.91M | 129.77M | 136.55M |
| Investments Growth % | - | 77.14% | 31195.54% | -96.25% | -60.78% | 0% |
| Long-Term Investments | 2.31M | 28.23M | 86.56M | 178.73M | 115.44M | 361.79M |
| Accounts Receivables | 1.59M | 22.7M | 3.64M | 1.94M | 145.31M | 22.15M |
| Goodwill & Intangibles | 32.16M | 272.71M | 217.44M | 496.93M | 500.94M | 678.37M |
| Goodwill | 24.01M | 24.01M | 169.54M | 169.54M | 169.54M | 266.38M |
| Intangible Assets | 8.14M | 248.69M | 47.9M | 327.38M | 331.39M | 411.99M |
| PP&E (Net) | 428K | 1.21M | 7.22M | 4.24M | 18.68M | 23.49M |
| Other Assets | 2.96M | 21.96M | 1.62M | 3.56M | 24.17M | 25.8M |
| Total Current Assets | 4.14B | 43.57B | 46.25B | 25.31B | 45.16B | 75.9B |
| Total Non-Current Assets | 37.85M | 324.11M | 486.85M | 683.45M | 669.46M | 877.62M |
| Total Assets | 4.18B▲ 0% | 43.9B▲ 950.0% | 46.73B▲ 6.5% | 26B▼ 44.4% | 45.83B▲ 76.3% | 76.78B▲ 0% |
| Asset Growth % | - | 949.96% | 6.46% | -44.37% | 76.31% | 0% |
| Return on Assets (ROA) | 0.09% | -2.11% | -1.7% | 0.74% | 0.43% | -0.2% |
| Accounts Payable | 0 | 0 | 10.99M | 17.39M | 118.07M | 268.95M |
| Total Debt | 57.17M | 928.16M | 81.89M | 60.27M | 40.72M | 149.09M |
| Net Debt | 30.75M | 766.6M | -36.58B | -308.36M | -710.26M | -1.2B |
| Long-Term Debt | 44.67M | 904.12M | 78.26M | 58.49M | 40.72M | 0 |
| Short-Term Debt | 12.5M | 24.04M | 1.93M | 1.65M | 0 | 149.09M |
| Other Liabilities | 289.12M | 280.57M | 2.69M | 10.08M | 1.16B | 24.55M |
| Total Current Liabilities | 4.13B | 43.48B | 45.59B | 24.44B | 44.03B | 73.7B |
| Total Non-Current Liabilities | 338.94M | 1.18B | 260.58M | 88.31M | 1.23B | 55.9M |
| Total Liabilities | 4.47B | 44.66B | 45.85B | 24.53B | 45.26B | 73.76B |
| Total Equity | -286.51M▲ 0% | -768.41M▼ 168.2% | 879.16M▲ 214.4% | 1.47B▲ 67.3% | 570.53M▼ 61.2% | 3.02B▲ 0% |
| Equity Growth % | - | -168.19% | 214.41% | 67.29% | -61.21% | 0% |
| Equity / Assets (Capital Ratio) | -6.85% | -1.75% | 1.88% | 5.66% | 1.24% | 3.94% |
| Return on Equity (ROE) | - | - | -1388.42% | 22.77% | 15.25% | -5.1% |
| Book Value per Share | -6.46 | -17.33 | 18.84 | 21.77 | 7.81 | 12.91 |
| Tangible BV per Share | -7.19 | -23.48 | 14.18 | 14.42 | 0.95 | 10.01 |
| Common Stock | 4K | 5K | 5K | 6K | 6K | 25K |
| Additional Paid-in Capital | 91.8M | 113.1M | 1.4B | 1.72B | 1.79B | 4.44B |
| Retained Earnings | -374.92M | -883.35M | -1.65B | -1.39B | -1.22B | -1.43B |
| Accumulated OCI | -518K | 4.71M | 3.36M | 4.93M | 3.64M | 14.74M |
| Treasury Stock | -2.88M | -2.88M | -2.88M | -2.88M | -2.88M | -2.88M |
| Preferred Stock | 0 | 0 | 1.13B | 1.13B | 0 | 0 |
CRCL Cash Flow Statement
Circle Internet Group (CRCL) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -14.92M | -92.33M | -72.69M | 139.57M | 344.58M | 344.58M |
| Operating CF Growth % | - | -518.68% | 21.26% | 292% | 146.89% | -26.66% |
| Net Income | 3.79M | -508.21M | -768.85M | 267.56M | 155.67M | -154.28M |
| Depreciation & Amortization | 4.5M | 3.94M | 13.28M | 34.89M | 50.85M | 62.68M |
| Deferred Taxes | 4.19M | -4.73M | -786K | -32.89M | -2.81M | -3.85M |
| Other Non-Cash Items | -44.69M | 404.51M | 443.5M | -65.53M | -26.71M | 110.54M |
| Working Capital Changes | 14.13M | -6.22M | 170.9M | -172.46M | 117.44M | -161.67M |
| Cash from Investing | -17.93M | -28.85M | -8.49B | 8.51B | 186.3M | -60.28M |
| Purchase of Investments | 0 | -15.72B | -102.87B | -314.3M | -103.58M | -91.38M |
| Sale/Maturity of Investments | 758K | 1000K | 1000K | 1000K | 1000K | 2.78M |
| Net Investment Activity | 758K | -15.72B | -102.87B | -313.3M | -102.58M | -88.59M |
| Acquisitions | -11.75M | -9.3M | -42.46M | 1.63M | 0 | -1.29M |
| Other Investing | 137K | -1.73M | -3.05M | -654K | -18.13M | -37.92M |
| Cash from Financing | 3.53B | 38.72B | 2.58B | -20.33B | 19.45B | 38.14B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -8.74M | 0 | 0 |
| Stock Issued | 689K | 482K | 0 | 0 | 1.61M | 1.02B |
| Net Stock Activity | 689K | 482K | 0 | -8.74M | 1.61M | 1.02B |
| Debt Issuance (Net) | 1000K | 1000K | 0 | 0 | 0 | 0 |
| Other Financing | 3.5B | 38.28B | 2.18B | -20.32B | 19.45B | 37.12B |
| Net Change in Cash | 3.49B▲ 0% | 38.6B▲ 1004.7% | -5.98B▼ 115.5% | -11.68B▼ 95.3% | 19.97B▲ 271.0% | 36.97B▲ 0% |
| Exchange Rate Effect | 165K | 137K | 1000K | 1000K | -1000K | -1.12M |
| Cash at Beginning | 557.87M | 4.05B | 42.65B | 36.67B | 24.99B | 63.08B |
| Cash at End | 4.05B | 42.65B | 36.67B | 24.99B | 44.97B | 75.56B |
| Interest Paid | 380K | 0 | 350K | 253K | 258K | 438K |
| Income Taxes Paid | 0 | 30K | 7.42M | 81.04M | 75.58M | 14.11M |
| Free Cash Flow | -22.01M▲ 0% | -100.2M▼ 355.3% | -91.01M▲ 9.2% | 106.71M▲ 217.2% | 305.48M▲ 186.3% | 345.67M▲ 0% |
| FCF Growth % | - | -355.32% | 9.17% | 217.25% | 186.28% | - |
CRCL Banking Ratios
Circle Internet Group (CRCL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -1388.42% | 22.77% | 15.25% | -5.1% |
| Return on Assets (ROA) | -2.11% | -1.7% | 0.74% | 0.43% | -0.2% |
| Net Interest Margin | -0.01% | 0.01% | 0.11% | 0.07% | 0.05% |
| Efficiency Ratio | 70.91% | 37.28% | 10.84% | 13.62% | 11.21% |
| Equity / Assets | -1.75% | 1.88% | 5.66% | 1.24% | 3.94% |
| Book Value / Share | -17.33 | 18.84 | 21.77 | 7.81 | 12.91 |
| NII Growth | -41.9% | 224.92% | 358.82% | 19.95% | - |
| Dividend Payout | - | - | - | - | 0% |
CRCL SEC Filings & Documents
Circle Internet Group (CRCL) SEC filings — annual & quarterly reports (10-K, 10-Q)
CRCL Frequently Asked Questions
Circle Internet Group (CRCL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Circle Internet Group (CRCL) grew revenue by 15.6% over the past year. This is strong growth.
Circle Internet Group (CRCL) reported a net loss of $154.3M for fiscal year 2024.
Dividend & Returns
Circle Internet Group (CRCL) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.
Industry Metrics
Circle Internet Group (CRCL) has a net interest margin (NIM) of 0.1%. NIM has been under pressure due to interest rate environment.
Circle Internet Group (CRCL) has an efficiency ratio of 13.6%. This is excellent, indicating strong cost control.
Explore More CRCL
Circle Internet Group (CRCL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates