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CRCL

Updated: Mar 20, 2026 12:01 AM

Circle Internet Group, Inc.

Market Cap: $35.27B P/S: 46x Ownership — Insider: 4.2% | Institutional: 57.8% | Retail: 38.0% FINANCIAL SERVICES CAPITAL MARKETS

Circle Internet Group, Inc. is a platform, network, and market infrastructure for stablecoin and blockchain applications. The company is headquartered in New York, New York.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        6/6 dates (100%)
  ✅ grossProfit                         6/6 dates (100%)
  ✅ netIncome                           6/6 dates (100%)

Plot for CRCL (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -2.75B                      -1.37B                       0.00B                       1.37B                       2.75B
               |                           |                           |                           |                           |

  2020-12-31 |                                                        █|  0.02B
  2021-12-31 |                                               ██████████|█  -0.51B
  2022-12-31 |                                         ████████████████|███████████████  0.77B
  2023-12-31 |                                                         |█████████████████████████████  1.45B
  2024-12-31 |                                                         |█████████████████████████████████  1.68B
  2025-12-31 |                                                        █|███████████████████████████████████████████████████████ 2.75B

               |                           |                           |                           |                           |
               -2.75B                      -1.37B                       0.00B                       1.37B                       2.75B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/6 dates (0%)
  ✅ sellingGeneralAndAdministrative     6/6 dates (100%)
  ✅ costofGoodsAndServicesSold          6/6 dates (100%)

Plot for CRCL (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                       0.65B                       1.29B                       1.94B                       2.59B
               |                           |                           |                           |                           |

  2020-12-31 | █ 0.02B ⊗
  2021-12-31 | █████ 0.11B ⊗
  2022-12-31 | ███████████████████████ 0.52B ⊗
  2023-12-31 | ████████████████████████████████████████████ 1.02B ⊗
  2024-12-31 | ███████████████████████████████████████████████████████ 1.28B ⊗
  2025-12-31 | ████████████████████████████████████████████████████████████████████████████████████████████████████████████████ 2.59B ⊗

               |                           |                           |                           |                           |
               0.00B                       0.65B                       1.29B                       1.94B                       2.59B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ operatingCashflow                   6/6 dates (100%)

Plot for CRCL (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -77.42B                     -38.71B                      0.00B                      38.71B                      77.42B
               |                           |                           |                           |                           |

  2020-12-31 |                                                        █|  0.06B
  2021-12-31 |                                                        █|  0.93B
  2022-12-31 |                                                        █|██████████████████████████  36.66B
  2023-12-31 |                                                         |  0.37B
  2024-12-31 |                                                         |  0.75B
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 77.42B

               |                           |                           |                           |                           |
               -77.42B                     -38.71B                      0.00B                      38.71B                      77.42B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   6/6 dates (100%)
  ✅ capitalExpenditures                 6/6 dates (100%)

Plot for CRCL (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -542.13M                    -271.06M                      0.00M                      271.06M                     542.13M
               |                           |                           |                           |                           |

  2020-12-31 |                                                       ██|  -14.92M
  2021-12-31 |                                               ██████████|  -92.33M
  2022-12-31 |                                                 ████████|█  -72.69M
  2023-12-31 |                                                         |█████████████  139.57M
  2024-12-31 |                                                         |███████████████████████████████████  344.58M
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 542.13M

               |                           |                           |                           |                           |
               -542.13M                    -271.06M                      0.00M                      271.06M                     542.13M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         6/6 dates (100%)
  ✅ totalLiabilities                    6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for CRCL (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -78.71B                     -39.36B                      0.00B                      39.36B                      78.71B
               |                           |                           |                           |                           |

  2020-12-31 |                                                        █|██  4.47B
  2021-12-31 |                                                        █|███████████████████████████████  44.66B
  2022-12-31 |                                                         |████████████████████████████████  46.73B
  2023-12-31 |                                                         |█████████████████  26.00B
  2024-12-31 |                                                         |████████████████████████████████  45.83B
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 78.71B

               |                           |                           |                           |                           |
               -78.71B                     -39.36B                      0.00B                      39.36B                      78.71B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for CRCL (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -3.33B                      -1.66B                       0.00B                       1.66B                       3.33B
               |                           |                           |                           |                           |

  2020-12-31 |                                                    █████|  -0.29B
  2021-12-31 |                                            █████████████|███████████████  0.93B
  2022-12-31 |                                            █████████████|██████████████  0.88B
  2023-12-31 |                                                         |████████████████████████  1.47B
  2024-12-31 |                                                         |█████████  0.57B
  2025-12-31 |                                                        █|███████████████████████████████████████████████████████ 3.33B

               |                           |                           |                           |                           |
               -3.33B                      -1.66B                       0.00B                       1.66B                       3.33B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        8/8 dates (100%)
  ✅ grossProfit                         8/8 dates (100%)
  ✅ netIncome                           8/8 dates (100%)

Plot for CRCL (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -770.23M                    -385.12M                      0.00M                      385.12M                     770.23M
               |                           |                           |                           |                           |

  2024-03-31 |                                                         |██████████████████████████  365.09M
  2024-06-30 |                                                         |██████████████████████████████  430.03M
  2024-09-30 |                                                         |███████████████████████████████  445.76M
  2024-12-31 |                                                         |███████████████████████████████  435.37M
  2025-03-31 |                                                         |█████████████████████████████████████████  578.57M
  2025-06-30 |                      ███████████████████████████████████|███████████████████████████████████████████████  658.08M
  2025-09-30 |                                                         |█████████████████████████████████████████████████████  739.76M
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 770.23M

               |                           |                           |                           |                           |
               -770.23M                    -385.12M                      0.00M                      385.12M                     770.23M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/8 dates (0%)
  ✅ sellingGeneralAndAdministrative     8/8 dates (100%)
  ✅ costofGoodsAndServicesSold          8/8 dates (100%)

Plot for CRCL (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                      227.58M                     455.17M                     682.75M                     910.33M
               |                           |                           |                           |                           |

  2024-03-31 | █████████████████████████████████ 267.89M ⊗
  2024-06-30 | ███████████████████████████████████████ 315.98M ⊗
  2024-09-30 | ████████████████████████████████████████ 322.97M ⊗
  2024-12-31 | ██████████████████████████████████████████████ 373.94M ⊗
  2025-03-31 | ████████████████████████████████████████████████████ 423.27M ⊗
  2025-06-30 | ████████████████████████████████████████████████████████████████████████████████████████████████████████████████ 910.33M ⊗
  2025-09-30 | ███████████████████████████████████████████████████████████████████████ 576.91M ⊗
  2025-12-31 | █████████████████████████████████████████████████████████████████████████████ 623.56M ⊗

               |                           |                           |                           |                           |
               0.00M                      227.58M                     455.17M                     682.75M                     910.33M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         5/8 dates (62%)
  ⚠️  shortLongTermDebtTotal              4/8 dates (50%)
  ✅ operatingCashflow                   8/8 dates (100%)

Plot for CRCL (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -77.42B                     -38.71B                      0.00B                      38.71B                      77.42B
               |                           |                           |                           |                           |

  2024-03-31 |                                                         |  0.08B ⊗⊗
  2024-06-30 |                                                         |  0.05B ⊗⊗
  2024-09-30 |                                                         |  0.11B ⊗⊗
  2024-12-31 |                                                         |  0.75B ⊗
  2025-03-31 |                                                         |  0.85B
  2025-06-30 |                                                         |  1.12B
  2025-09-30 |                                                        █|  1.35B
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 77.42B

               |                           |                           |                           |                           |
               -77.42B                     -38.71B                      0.00B                      38.71B                      77.42B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   8/8 dates (100%)
  ✅ capitalExpenditures                 8/8 dates (100%)

Plot for CRCL (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -249.09M                    -124.55M                      0.00M                      124.55M                     249.09M
               |                           |                           |                           |                           |

  2024-03-31 |                                                         |████████████████  77.17M
  2024-06-30 |                                                         |██████████  47.79M
  2024-09-30 |                                                         |████████████████████████  113.24M
  2024-12-31 |                                                         |███████████████████████  106.38M
  2025-03-31 |                                                         |████████████  56.59M
  2025-06-30 |                                                         |███████████████████████████████████████████████████████ 247.12M
  2025-09-30 |                                                       ██|███  15.65M
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 249.09M

               |                           |                           |                           |                           |
               -249.09M                    -124.55M                      0.00M                      124.55M                     249.09M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         5/8 dates (62%)
  ⚠️  totalLiabilities                    6/8 dates (75%)
  ⚠️  totalShareholderEquity              6/8 dates (75%)

Plot for CRCL (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -78.71B                     -39.36B                      0.00B                      39.36B                      78.71B
               |                           |                           |                           |                           |

  2024-03-31 |                                                        █|  -1.47B ⊗
  2024-12-31 |                                                         |████████████████████████████████  45.83B
  2025-03-31 |                                                         |███████████████████████████████████████████  62.26B
  2025-06-30 |                                                         |█████████████████████████████████████████████  64.15B
  2025-09-30 |                                                         |██████████████████████████████████████████████████████  76.78B
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 78.71B

               |                           |                           |                           |                           |
               -78.71B                     -39.36B                      0.00B                      39.36B                      78.71B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           8/8 dates (100%)
  ⚠️  shortLongTermDebtTotal              4/8 dates (50%)
  ⚠️  totalShareholderEquity              6/8 dates (75%)

Plot for CRCL (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -3.33B                      -1.66B                       0.00B                       1.66B                       3.33B
               |                           |                           |                           |                           |

  2024-03-31 |                                                         |████████████████████████  1.47B ⊗
  2024-06-30 |                                                         |  0.03B ⊗⊗
  2024-09-30 |                                                         |  0.07B ⊗⊗
  2024-12-31 |                                                         |█████████  0.57B ⊗
  2025-03-31 |                                                         |███████████████████████████████  1.89B
  2025-06-30 |                                                 ████████|███████████████████████████████████████  2.37B
  2025-09-30 |                                                         |██████████████████████████████████████████████████  3.02B
  2025-12-31 |                                                         |███████████████████████████████████████████████████████ 3.33B

               |                           |                           |                           |                           |
               -3.33B                      -1.66B                       0.00B                       1.66B                       3.33B

Price History

Volume

Advanced Chart