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Circle Internet Group logo

Circle Internet Group

CRCL

NYSEFinancial ServicesFinancial - Capital Markets

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Previous close

$87.98

+$4.32 · +5.16%

Aug 21, 4:00 PM ET

CRCL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

23

Expensive

Momentum

33

Weakening

Sentiment

60

Mixed

Risk resilience

45

Elevated Risk

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Company profile

Company website

Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem. Notably, it is a prominent issuer of a stablecoin pegged to the U.S. dollar. Its robust digital asset network encompasses proprietary Circle stablecoins, tokenized investment funds, liquidity provision, payment processing solutions, and comprehensive support for both developers and system integration. Founded in 2013, the firm maintains its headquarters in New York, New York.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Jeremy D. Allaire
Listed since
Jun 4, 2025
Employees
1,100

Market position

Day range

Current $87.98

52-week range

Current $87.98

Open
$87.98
Previous close
$83.66
Volume
24.55M
1.72× average
Average volume
14.27M
Average daily volume
Market cap
23.52B USD
Beta
0.23
Market reference 1
50-day average
$69.4768
+26.63% above average
200-day average
$85.2395
+3.22% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
46.55×
P/B (TTM)
6.22×
P/S (TTM)
8.09×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
20.05%
Operating margin
8.21%
Net margin
15.53%

Financial health

Debt / equity
0×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%-157%-409%-662%Gross margin, FY2021: -30.53%Gross margin, FY2022: 32.35%Gross margin, FY2023: 29.42%Gross margin, FY2024: 23.59%Gross margin, FY2025: 8.67%Operating margin, FY2021: -101.44%Operating margin, FY2022: -4.94%Operating margin, FY2023: 18.58%Operating margin, FY2024: 9.97%Operating margin, FY2025: -3.32%Net margin, FY2021: -598.76%Net margin, FY2022: -99.58%Net margin, FY2023: 18.45%Net margin, FY2024: 9.29%Net margin, FY2025: -2.53%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -30.53%. Gross margin FY2022 32.35%. Gross margin FY2023 29.42%. Gross margin FY2024 23.59%. Gross margin FY2025 8.67%. Operating margin FY2021 -101.44%. Operating margin FY2022 -4.94%. Operating margin FY2023 18.58%. Operating margin FY2024 9.97%. Operating margin FY2025 -3.32%. Net margin FY2021 -598.76%. Net margin FY2022 -99.58%. Net margin FY2023 18.45%. Net margin FY2024 9.29%. Net margin FY2025 -2.53%.

Income trends

Revenue

2.75B USD+63.86%

Operating income

−91.14M USD−258.3M USD

Net income

−69.51M USD−225.18M USD
Income trends across reported periods3.1B USD1.69B USD285.8M USD−1.12B USDRevenue, FY2021: 84.88M USDRevenue, FY2022: 772.05M USDRevenue, FY2023: 1.45B USDRevenue, FY2024: 1.68B USDRevenue, FY2025: 2.75B USDOperating income, FY2021: −86.1M USDOperating income, FY2022: −38.12M USDOperating income, FY2023: 269.53M USDOperating income, FY2024: 167.16M USDOperating income, FY2025: −91.14M USDNet income, FY2021: −508.21M USDNet income, FY2022: −768.85M USDNet income, FY2023: 267.56M USDNet income, FY2024: 155.67M USDNet income, FY2025: −69.51M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 84.88M USD. Revenue FY2022 772.05M USD. Revenue FY2023 1.45B USD. Revenue FY2024 1.68B USD. Revenue FY2025 2.75B USD. Operating income FY2021 −86.1M USD. Operating income FY2022 −38.12M USD. Operating income FY2023 269.53M USD. Operating income FY2024 167.16M USD. Operating income FY2025 −91.14M USD. Net income FY2021 −508.21M USD. Net income FY2022 −768.85M USD. Net income FY2023 267.56M USD. Net income FY2024 155.67M USD. Net income FY2025 −69.51M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.75B USD1.68B USD1.45B USD772.05M USD84.88M USD
Cost of goods sold2.51B USD1.28B USD1.02B USD522.32M USD110.79M USD
Gross profit238.11M USD395.48M USD426.69M USD249.74M USD−25.91M USD
Selling, general, and administrative215.99M USD154.61M USD136.67M USD161.11M USD44.82M USD
Operating expenses329.26M USD228.32M USD157.16M USD287.85M USD60.18M USD
Interest income47.67M USD34.71M USD29.26M USD8.65M USD—
Interest expense1.23M USD1.91M USD1.91M USD2.68M USD4.77M USD
Depreciation and amortization76.63M USD50.85M USD34.89M USD13.28M USD3.95M USD
Operating income−91.14M USD167.16M USD269.53M USD−38.12M USD−86.1M USD
Net income−69.51M USD155.67M USD267.56M USD−768.85M USD−508.21M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
80%
4 beats, 1 miss, 0 met estimates
Average EPS surprise
+21.55%
5 comparable reports
Latest EPS result
0.18
Estimate 0.16 · Beat by 10.63%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.05-0.93-2.91-4.89Q2 '25No estimateQ2 '25No estimateQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q2 2025, reported May 16, 2025: actual 0.29, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 0.291, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual -4.48, estimate -1.1, surprise -307.27%, Miss. Q4 2025, reported Nov 12, 2025: actual 0.64, estimate 0.191, surprise +234.73%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.43, estimate 0.164, surprise +161.56%, Beat. Q2 2026, reported May 11, 2026: actual 0.21, estimate 0.194, surprise +8.08%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.18, estimate 0.163, surprise +10.63%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 0.35, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates817.59M727.43M637.28M547.13MQ2 '25No estimateQ2 '25No estimateQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q2 2025, reported May 16, 2025: actual 578.57M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 578.57M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 658.08M USD, estimate 645.7M USD, surprise +1.92%, Beat. Q4 2025, reported Nov 12, 2025: actual 739.76M USD, estimate 708.22M USD, surprise +4.45%, Beat. Q1 2026, reported Feb 25, 2026: actual 770.23M USD, estimate 749.23M USD, surprise +2.80%, Beat. Q2 2026, reported May 11, 2026: actual 694.13M USD, estimate 714.7M USD, surprise -2.88%, Miss. Q3 2026, reported Aug 5, 2026: actual 701.32M USD, estimate 713.09M USD, surprise -1.65%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 786.14M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$93.00

5.71% upside
Past 12 months12-month forecastHigh $150Average $93.00Low $37.00

CRCL peers

Berkshire Hathaway Inc. logo

BRK-B

Berkshire Hathaway Inc.

$495.82

-0.21%

Berkshire Hathaway Inc. logo

BRK-A

Berkshire Hathaway Inc.

$743,500

-0.15%

JPMorgan Chase & Co. logo

JPM

JPMorgan Chase & Co.

$351.58

+0.01%

Visa Inc. logo

V

Visa Inc.

$371.04

+1.45%

Mastercard Incorporated logo

MA

Mastercard Incorporated

$580.63

+1.18%

Bank of America Corporation logo

BAC

Bank of America Corporation

$61.69

-0.27%

ETFs holding CRCL

Funds reporting this stock among their holdings, ordered by reported position size.

ARK Innovation ETF logoARK Innovation ETFARKK
Market value
328.95M
Weight
5.14%
AUM
5.56B USD
Expense ratio
0.75%
Price / 1D
$86.21+3.53%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
252.1M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
181.99M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
105.36M
Weight
0.24%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
ARK Next Generation Internet ETF logoARK Next Generation Internet ETFARKW
Market value
82.34M
Weight
4.63%
AUM
1.61B USD
Expense ratio
0.76%
Price / 1D
$155.49+2.72%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
65.45M
Weight
0.04%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
60.83M
Weight
0.11%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%
ARK Blockchain & Fintech Innovation ETF logoARK Blockchain & Fintech Innovation ETFARKF
Market value
46.71M
Weight
5.98%
AUM
700.8M USD
Expense ratio
0.75%
Price / 1D
$45.72+3.51%

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