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.
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Circle Internet Group, Inc. (CRCL) Piotroski F-score
Circle Internet Group, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: total assets not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.11%) | — | Fail | 0 |
| Positive operating cash flow | 542.13m | 344.58m | Pass | 1 |
| Rising return on assets | (0.11%) | — | n/a | — |
| Cash flow above net income | 611.65m | 188.91m | Pass | 1 |
| Falling long-term leverage | 0.00 | — | n/a | — |
| Rising current ratio | 1.03 | 1.03 | Pass | 1 |
| No new shares issued | 158,699,000 | 54,413,000 | Fail | 0 |
| Rising gross margin | 39.43% | 39.31% | Pass | 1 |
| Rising asset turnover | 0.04 | — | n/a | — |
| Piotroski F-score | n/a — total assets not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FUTU Futu Holdings Limited Sponsored ADR compare | 7 |
| TW Tradeweb Markets Inc. compare | 7 |
| IBKR Interactive Brokers Group, Inc. compare | 6 |
| XP XP Inc. compare | 6 |
| BMNR BitMine Immersion Technologies, Inc. compare | 5 |
| LPLA LPL Financial Holdings Inc. compare | 4 |
| NMR Nomura Holdings Inc ADR compare | 3 |
| IREN IREN Limited compare | 3 |
| CRCL Circle Internet Group, Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover