Circle Internet Group, Inc. (CRCL)
Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platform including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity onchain; Circle Digital Assets and Services, which includes circle digital assets, USDC, EURC, and USYC, as well as circle mint and xreserve, related liquidity, custody, and trust infrastructure; and Circle Applications, which includes circle payments network and stablefx, applications that use circle digital assets to deliver real-world utility on the arc network and across the broader multichain ecosystem. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments network, and developer services, as well as integration services. The company was founded in 2013 and is based in New York, New York.
- Symbol
- CRCL
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Capital Markets
- Market cap
- $23.06B
- 52 week range
- 49.9 - 159.47
Valuation
- Share price
- $91.72 (close of 2026-09-23)
- P/E (TTM)
- 20.84x
- Price to book
- 6.57x
- Price to free cash flow
- 30.29x
- Enterprise value
- $21.35B
- Book value per share
- $14.14
Price performance
| Period | Change |
|---|
| 1 day | -3.03% |
| 5 days | +14.01% |
| 1 month | +4.25% |
| 3 months | +21.19% |
| 6 months | -27.57% |
| Year to date | +15.66% |
| 1 year | -29.97% |
| All time | +10.20% |
Profitability and growth
- Return on equity
- -2.09%
- Return on invested capital
- -3.42%
- Return on assets
- -0.09%
- Return on capital employed
- -2.85%
- Net margin
- -63.29%
- EBITDA margin
- -18.04%
- Revenue growth
- 623.98%
- Net income growth
- -144.65%
- Free cash flow growth
- 62.26%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.30%
- Current ratio
- 1.03x
- Net debt to EBITDA
- -3.37x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $109.82M
- EBITDA
- $-19.81M
- Net income
- $-69.51M
- Earnings per share
- $-0.44
- Shares outstanding
- 158.70M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $109.82M | $-69.51M | $-0.44 |
| 2024-12-31 | $15.17M | $155.67M | $0.33 |
| 2023-12-31 | $19.86M | $267.56M | $0.95 |
Margins and returns by year
| Period end | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | -63.29% | -2.09% | -3.42% |
| 2024-12-31 | 1026.22% | 27.28% | - |
| 2023-12-31 | 1347.24% | 78.82% | 757.21% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $1.53B |
| 2024-12-31 | $750.98M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $529.70M | $566.18M |
| 2024-12-31 | $326.45M | $50.13M |
| 2023-12-31 | $138.91M | $108.00M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-11
- Consensus EPS estimate
- $0.38
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.16 |
| 2026-05-11 | - | - |
| 2026-02-25 | - | - |
| 2025-11-12 | - | - |
| 2025-08-12 | - | - |
Filings and sources
- Company website
- circle.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Morgan Stanley (MS) · Goldman Sachs Group Inc (GS) · Charles Schwab Corp (SCHW) · MarketAxess Holdings Inc (MKTX) · BlackRock, Inc. (BLK) · Blackstone Inc. (BX) · KKR & Co. Inc. (KKR) · Ameriprise Financial Inc (AMP)
All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades