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. Circle Internet Group, Inc. has a strategic alliance with Volante Technologies, LLC. The company was founded in 2013 and is based in New York, New York.

Ticker
CRCL
Exchange
NYSE
Sector
Financial Services
Industry
Capital Markets
Market cap
$17.41B
52-week range
$49.90 - $140.00

Valuation

Share price
$67.88 (close of Nov 6, 2026)
P/E (TTM)
15.36x
Price to book
4.51x
Price to free cash flow
23.51x
Enterprise value
$15.73B
Book value per share
$15.06

Price performance

PeriodChange
1 day-2.30%
5 days-6.42%
1 month-19.32%
3 months+7.27%
6 months-44.27%
Year to date-14.40%
1 year-32.13%
All time-18.44%

Short interest

As of
Oct 15, 2026
Short % of float
12.16%
Shares short
27.72M
Days to cover
2.67
Change since prior report
+0.71%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-2.09%
Return on assets
-0.09%
Net margin
-2.53%
Revenue growth
63.86%
Net income growth
-144.65%
Free cash flow growth
62.26%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.25%
Current ratio
1.04x
Net debt to EBITDA
-2.83x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.75B
Net income
-$69.51M
Earnings per share
$-0.44
Interest expense
$1.23M
Shares outstanding
158.70M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$2.75B-$69.51M-$0.44
2024-12-31$1.68B$155.67M$0.33
2023-12-31$1.45B$267.56M$0.95
2022-12-31$772.05M-$768.85M-
2021-12-31$84.88M-$508.21M-
2020-12-31$15.44M$3.79M-

Margins and returns by year

Period endNet marginReturn on equity
2025-12-31-2.53%-2.09%
2024-12-319.29%27.28%
2023-12-3118.45%18.19%
2022-12-31-99.58%-87.45%
2021-12-31-598.76%-
2020-12-3124.55%-

Cash and debt by year

Period endCashDebt
2025-12-31$1.53B-
2024-12-31$750.98M$40.72M
2023-12-31-$58.62M
2022-12-31-$79.96M
2021-12-31-$904.12M
2020-12-31-$44.67M

Free cash flow by year

Period endFree cash flowStock-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

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026$0.42
2026-08-05Jun 2026$0.16
2026-05-11Mar 2026$0.15
2026-02-25Dec 2025$0.15
2025-11-12Sep 2025$0.20
2025-08-12Jun 2025-$1.29

Filings and sources

Company website
circle.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Short interest · 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

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