Saturday 17 October 2026
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Circle Internet Group, Inc.
CRCL Financial Capital Markets
Circle Internet Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 63.9% from fiscal 2024. In the quarter to June 2026, revenue grew 6.57%, EPS grew 104.2% and free cash flow grew 113.5%, each against the same quarter a year earlier.
82.22
4.75
−5.46%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 31.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | — | 298.99 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 900 | 1,100 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 1.86 | 2.50 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 1,450 | 1,676 | 2,747 | ||||
| Gross margin, % | — | — | — | — | — | — | — | 49.83 | 39.31 | 39.43 | |||||
| EBT | — | — | — | — | — | — | — | 319 | 222 | (103) | |||||
| EBT margin, % | — | — | — | — | — | — | — | 21.99 | 13.22 | (3.75) | |||||
| Net income | — | — | — | — | — | — | — | 268 | 156 | (70) | |||||
| Depreciation | — | — | — | — | — | — | — | 27 | 49 | 77 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 30.69 | 30.81 | 17.31 | ||||
| Earnings | — | — | — | — | — | — | — | 5.66 | 2.86 | (0.44) | |||||
| Cash flow | — | — | — | — | — | — | — | 2.95 | 6.33 | 3.42 | |||||
| Capex | — | — | — | — | — | — | — | (0.13) | (0.96) | (0.43) | |||||
| Free cash flow | — | — | — | — | — | — | — | 2.82 | 5.37 | 2.98 | |||||
| Book value | — | — | — | — | — | — | — | 0.00 | 10.49 | 20.99 | |||||
| Shares, m | — | — | — | — | — | — | — | 47 | 54 | 159 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 4.58 | |||||
| P/B | — | — | — | — | — | — | — | 3.15 | 3.15 | 3.78 | |||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | (23.59) | |||||
| EV/FCF | — | — | — | — | — | — | — | (132.25) | (132.25) | (136.79) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 140 | 345 | 542 | ||||
| Capex | — | — | — | — | — | — | — | (6) | (52) | (68) | |||||
| Free cash flow | — | — | — | — | — | — | — | 133 | 292 | 474 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | 1,134 | 2,473 | ||||
| Total debt | — | — | — | — | — | — | — | — | 41 | 37 | |||||
| Net debt | — | — | — | — | — | — | — | — | (44,923) | (77,380) | |||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 571 | 3,331 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 0.68 | (0.11) | ||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | — | — | — | 0.00 | 0.00 | (3.56) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Circle Internet Group, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IBKR Interactive Brokers Group, Inc. | $39.0B | 32.7× | 34.0× | +28.11% (above 0%: growing) | +37.25% (above 0%: growing) | −13.01% (below 0%: shrinking) | 92.51% | 77.32% | Compare |
| NMR Nomura Holdings Inc ADR | $27.1B | 9.4× | 10.7× | +10.87% (above 0%: growing) | +106.67% (above 0%: growing) | +688.81% (above 0%: growing) | 94.58% | 70.80% | Compare |
| TW Tradeweb Markets Inc. | $26.2B | 27.0× | 29.3× | +8.96% (above 0%: growing) | +18.06% (above 0%: growing) | −5.23% (below 0%: shrinking) | 100.00% | 43.88% | Compare |
| LPLA LPL Financial Holdings Inc. | $25.8B | 25.5× | 15.2× | +35.24% (above 0%: growing) | +38.89% (above 0%: growing) | +259.62% (above 0%: growing) | 31.38% | 11.90% | Compare |
| CRCL Circle Internet Group, Inc. | $22.2B | 43.0× | 97.9× | +6.57% (above 0%: growing) | n/m | +113.54% (above 0%: growing) | 41.19% | 4.90% | |
| XP XP Inc. | $15.5B | 15.1× | 7.5× | +22.04% (above 0%: growing) | +23.26% (above 0%: growing) | −127.08% (below 0%: shrinking) | 100.00% | 34.50% | Compare |
| BMNR BitMine Immersion Technologies, Inc. | $14.1B | — (loss-making) | — (loss-making) | +2,167.79% (above 0%: growing) | n/m | −126,594.81% (below 0%: shrinking) | 87.70% | (25.50%) | Compare |
| IREN IREN Limited | $12.3B | — (loss-making) | 1,228× | −26.73% (below 0%: shrinking) | n/m | +705.74% (above 0%: growing) | 75.71% | (585.97%) | Compare |
| FUTU Futu Holdings Limited Sponsored ADR | $10.5B | 10.3× | 10.9× | +35.71% (above 0%: growing) | +42.98% (above 0%: growing) | +443.45% (above 0%: growing) | 86.31% | 61.99% | Compare |
| Median of peers | $20.7B | 20.3× | 15.2× | +25.08% | +38.07% | +127.20% | 90.11% | 39.19% |
Circle Internet Group, Inc. (CRCL) key facts
- Strength: Circle Internet Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 63.9% from fiscal 2024.
- Circle Internet Group, Inc. (CRCL) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, CRCL traded at $82.22, a market capitalization of $22.2 billion.
- Return on equity was −3.56% and debt-to-equity 0.00.