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Friday 6 November 2026 Export CRCL’s income statement to Excel — free account

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.

Revenue
+16.9%
EPS
−4.30%
Free cash flow
−88.7%

Quarter to September 2026, against a year earlier

66.17 3.31 −4.76%
Market cap
$17.7B
P/E
37.4×
Fwd P/E
65.3×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Circle Internet Group, Inc. (CRCL) valuation and DCF model

What the price implies · reverse DCF

Circle Internet Group, Inc. is not valued here: a bank or insurer is valued on its dividend, and it pays none.

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Capital Markets).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 37.37× 37.37× 37.37× 0% above 14.35× 160% above
P/FCF 26.49× 19.28× 19.28× 37% above 9.28× 186% above
P/B 4.58× 4.13× 4.13× 11% above 1.36× 236% above
EV/EBITDA — 3,271.18× 3,271.18× — 3.38× —
P/FCF P/B
3.22×3.99×4.76×5.53×10Y avg 4.13×2023202420252026

CRCL trades at 4.58× P/B, against a 10-year average of 4.13× (range 3.15×–5.63×). That is dearer than 67% of the last 3 year-end readings; re-rating to the average implies $59.68 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.