Circle Internet Group, Inc. CRCL

Financials SIC 6199 - Finance Services NYSE

Our mission is to raise global economic prosperity through the frictionless exchange of value.

We were founded in 2013 on the belief that we could connect the world more deeply by building a new global economic system on the foundation of the internet, and facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.

Financial services are undergoing a transition analogous to the internet's evolution from closed networks to open, standardized infrastructure that enabled new applications, business models, and network effects. While the incumbent financial system has enabled substantial global economic activity and societal advancement, it remains constrained by legacy infrastructure and fragmented, intermediated networks that pass on excessive cost, slow settlement, limit interoperability, and create barriers to access. At the same time, these constraints create a significant opportunity to modernize how value moves — unlocking faster settlement, lower costs, greater interoperability, and broader access at internet scale. We believe digital assets, public blockchain networks, and related applications and services can address these constraints and seize the opportunity available by enabling the secure, efficient storage and transfer of value on the internet that is scalable and accessible.

Last close 102.05 2026-09-04
Market cap $25.33B estimated share count
52-week range 49.90 - 159.47

Valuation FY2025 figures against the last close

P/S230.6x
P/E
P/FCF47.8x
EV/EBITDA
Dividend yield
Diluted EPS-0.44

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $109.8M$15.2M$19.9M
SG&A $190.3M$137.3M$100.1M
Total operating expenses $1.18B$491.7M$453.2M
Operating income -$96.4M$167.2M$269.5M
Interest expense $1.2M$1.9M$1.9M
Pre-tax income -$102.9M$221.6M$318.9M
Income tax $33.4M$64.6M$47.4M
Net income -$69.5M$155.7M$267.6M
EPS, basic -0.440.330.95
EPS, diluted -0.440.300.78
Shares, diluted (wtd. avg.) $158.7M$73.0M$67.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $1.53B$751.0M$368.6M$36.67B
Receivables $62.9M$6.4M
Total current assets $77.80B$45.16B
Property, plant and equipment $22.8M$18.7M
Goodwill $265.7M$169.5M$169.5M
Other intangibles $411.1M$331.4M
Total assets $78.71B$45.83B
Accounts payable $360.6M$287.0M
Total current liabilities $75.33B$44.03B
Total liabilities $75.38B$44.12B
Retained earnings -$1.29B-$1.22B
Total equity $3.33B$570.5M$339.5M-$252.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow $542.1M$344.6M$139.6M
Depreciation and amortisation $76.6M$50.9M$34.9M
Stock-based compensation $566.2M$50.1M$108.0M
Capital expenditure $12.4M$18.1M$654.0K
Investing cash flow -$84.0M$186.3M$8.51B
Financing cash flow $31.94B$19.45B-$20.33B
Buybacks $0$0$8.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001876042-26-000228.

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