CRCL · Circle Internet Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|
| Revenue | $694.13M | - | $739.76M | $430.03M | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - |
| SG&A | $30.68M | - | $33.34M | $35.73M | - | - | - |
| Total Operating Expenses | $137.99M | - | $124.26M | $131.41M | - | - | - |
| D&A | $13.88M | - | $23.00M | $12.63M | - | - | - |
| Operating Income | $45.00M | - | $81.02M | $50.25M | - | - | - |
| Interest Expense | $38.0K | - | $548.0K | $344.0K | - | - | - |
| Income Tax | $1.44M | - | ($61.29M) | $19.24M | - | - | - |
| Net Income | $55.25M | - | $214.38M | ($482.10M) | - | - | - |
| EPS - Basic | $0.23 | - | $0.93 | $0.00 | - | - | - |
| EPS - Diluted | $0.00 | - | $0.64 | ($4.48) | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $848.61M | $1.53B | $577.28M | $457.46M | - | $368.62M | $36.67B |
| Accounts Receivable | $72.17M | $62.87M | $22.15M | $6.42M | - | - | - |
| Inventory | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - |
| Current Assets | $79.60B | $77.80B | $75.90B | $45.16B | - | - | - |
| Total Assets | $80.54B | $78.71B | $76.78B | $45.83B | - | - | - |
| Current Liabilities | $77.06B | $75.33B | $73.70B | $44.03B | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - |
| Total Liabilities | $77.11B | $75.38B | $73.76B | $44.12B | - | - | - |
| Stockholders' Equity | $3.43B | $3.33B | $3.02B | $408.16M | $570.53M | $339.47M | ($252.10M) |
| Retained Earnings | ($1.24B) | ($1.29B) | ($1.43B) | ($1.22B) | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.08M | - | - | - | - | - | - |
| Investing Cash Flow | ($25.23M) | - | - | - | - | - | - |
| Financing Cash Flow | $16.26B | - | - | - | - | - | - |
| CapEx | $5.86M | - | - | - | - | - | - |
| Free Cash Flow | $15.21M | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|
| Profitability | |||||||
| Gross margin | - | - | - | - | - | - | - |
| Operating margin | 6.5% | - | 11.0% | 11.7% | - | - | - |
| EBITDA margin | 8.5% | - | 14.1% | 14.6% | - | - | - |
| Net margin | 8.0% | - | 29.0% | -112.1% | - | - | - |
| Free cash flow margin | 2.2% | - | - | - | - | - | - |
| FCF / Net income | 0.28 | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.4% | - | 4.5% | 8.3% | - | - | - |
| Effective tax rate | 2.5% | - | -40.0% | - | - | - | - |
| Return on assets | 0.1% | - | 0.3% | -1.1% | - | - | - |
| Return on equity | 1.6% | - | 7.1% | -118.1% | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - |
| Liquidity | |||||||
| Current ratio | 1.03 | 1.03 | 1.03 | 1.03 | - | - | - |
| Quick ratio | 1.03 | 1.03 | 1.03 | 1.03 | - | - | - |
| Cash ratio | 0.01 | 0.02 | 0.01 | 0.01 | - | - | - |
| Leverage | |||||||
| Debt / Equity | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Interest coverage | 1184.3x | - | 147.8x | 146.1x | - | - | - |
| Equity multiplier | 23.50 | 23.64 | 25.40 | 112.29 | - | - | - |
| Liabilities / Assets | 0.96 | 0.96 | 0.96 | 0.96 | - | - | - |
| Efficiency | |||||||
| Asset turnover | 0.01 | - | 0.01 | 0.01 | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - |
| Days sales outstanding | 38d | - | 11d | 5d | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - |
| Valuation | |||||||
| P / E | - | - | 207.2x | - | - | - | - |
| P / B | 7.4x | - | 11.7x | 31.3x | - | - | - |
| P / S | 36.7x | - | 47.8x | 29.7x | - | - | - |
| EV / EBITDA | 417.7x | - | 334.3x | 195.7x | - | - | - |
| Growth | |||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 483.6% | - | - | 68.1% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$109.82M totalSubscription And Services$84.78M · 77.2%
Transaction Revenue$24.34M · 22.2%
Other Services$702.0K · 0.6%
Peer comparison
Same SIC group: Finance Services
Comparing Circle Internet Group against the 5 most active filers in the same SIC group.