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Circle Internet Group(CRCL)Earnings, Financials & Key Ratios
CRCL•NYSE
$65.15
Price updated Jul 7, 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
- EBITDA-$15M-106.7%
- Net Income-$70M-144.7%
- EPS (Diluted)-0.29-113.6%
- Gross Margin8.67%-63.3%
- EBITDA Margin-0.53%-104.1%
- Operating Margin-3.32%-133.3%
- Net Margin-2.53%-127.3%
- ROE-3.56%-123.4%
CRCL Price & Volume
Circle Internet Group (CRCL) stock price & volume — 10-year historical chart
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Reserve-Driven Revenue Growth Masks Operational Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Interest rate sensitivity
Key Thesis Takeaways
- Circle Internet Group exhibits a unique growth profile tied to stablecoin circulation, with total assets surging to $80.5B by 2026Q1 as the firm leverages interest-bearing reserves.
- However, the investment case is complicated by significant earnings volatility, highlighted by a $435.0M stock-based compensation charge in 2025Q2 that drove a $482.1M net loss.
- Investors should monitor the sustainability of float-based income and the potential for margin compression as the company navigates a complex regulatory and interest rate environment.
Verdict Logic
while the company has successfully scaled assets to $80.5B, the extreme volatility in quarterly net income and the reliance on non-cash compensation expenses warrant a cautious, wait-and-see approach.
CRCL Growth Metrics
Circle Internet Group (CRCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years181.85%
3 Years52.66%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-12.36%
5 Years-3.04%
3 Years8.8%
Last Year-3.51%
CRCL Recent Earnings
Circle Internet Group (CRCL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/6 qtrs (75%)●Beat Revenue 3/6 qtrs (75%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.21+8.1%
$0.19
Rev
$694M-2.9%
$715M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.43+161.6%
$0.16
Rev
$770M+2.8%
$749M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.64+234.7%
$0.19
Rev
$740M+4.5%
$708M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$4.48-307.3%
$1.10
Rev
$658M+1.9%
$646M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.21vs $0.19+8.1% | $694Mvs $715M-2.9% |
| Q1 2026 | 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 | $4.48vs $1.10-307.3% | $658Mvs $646M+1.9% |
Based on last 6 quarters of dataView full earnings history →
Latest CRCL News
Recent stock market news and headlines for Circle Internet Group (CRCL)
The Motley Fool·1 day ago
Circle Internet Group Has a Brand-New Stablecoin Rival. What Does That Mean For Circle Stock?More than 140 companies are backing a new stablecoin called OUSD. OUSD is challenging Circle's USDC with shared yields, zero-cost minting, no volume limits, and decentralized management.
MarketBeat·2 days ago
Visa's Open USD Push Puts Circle's Stablecoin Moat Under PressureThe financial plumbing of the global economy is undergoing a rewrite. For the better part of a decade, the issuance of stablecoins, digital dollars living on blockchain networks, was largely monopolized by crypto-native firms.
The Motley Fool·3 days ago
A New Stablecoin Is Taking Aim at Circle's USDC. Here's What Investors Need to Know.Open USD's revenue-sharing model is exciting, and it might be able to take market share from Circle's USDC. Don't underestimate Circle's first-mover advantage -- its regulatory progress and payment network will be hard to shake.
The Motley Fool·5 days ago
Why Circle Internet Group Stock Is Rising TodaySeveral Ark Invest funds bought Circle stock yesterday. A Goldman Sachs analyst cut his price target on Circle stock.
Peers Comparison
Key metrics vs top competitors for Circle Internet Group (CRCL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $65.15 | $17.41B | -224.66 | 63.86% | -2.53% | -3.56% | — | |
| $163.51 | $43.08B | 36.74 | 9.4% | 13.78% | 5.68% | — | |
| $97.36 | $32.51B | -6.39 | 2.97% | -2519.39% | -24.09% | — | |
| $112.90 | $101.7B | 55.07 | 51.58% | 41.12% | 21.38% | — | |
| $17.75 | $22.77B | 45.51 | 28.78% | 11.22% | 6.25% | — | |
| $45.65 | $40.27B | 8.44 | 4.32% | 15% | 25.08% | — |
Compare CRCL vs Peers
Circle Internet Group (CRCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CRCL SEC Filings & Documents
Circle Internet Group (CRCL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 18, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Mar 17, 2026·SEC
10-K Annual Reports
1FY 2026
Mar 9, 2026·SEC
10-Q Quarterly Reports
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CRCL Frequently Asked Questions
Circle Internet Group (CRCL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Circle Internet Group's revenue?
Circle Internet Group (CRCL) reported $2.86B in revenue for fiscal year 2025.
How fast is Circle Internet Group growing?
Circle Internet Group (CRCL) grew revenue by 63.9% over the past year. This is strong growth.
Is CRCL profitable?
Circle Internet Group (CRCL) reported a net loss of $79.0M for fiscal year 2025.
Dividend & Returns
What is CRCL's return on equity?
Circle Internet Group (CRCL) has a return on equity (ROE) of -3.6%. Negative ROE indicates the company is unprofitable.
What is Circle Internet Group's free cash flow?
Circle Internet Group (CRCL) generated $508.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.