3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $110M | -$70M | 0.0% | -87.8% | $530M | — | $1.5B |
| 2024 | $15M | $156M | 0.0% | 1102.0% | $326M | — | $751M |
| 2023 | $20M | $268M | 0.0% | 1357.1% | $139M | — | $369M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $42M | $55M | 0.0% | 108.1% | $12M | — | $1.5B |
| Dec '25 | $37M | $133M | 0.0% | 149.8% | $248M | — | $1.5B |
| Sep '25 | $29M | $214M | 0.0% | 284.1% | -$15M | — | $1.3B |
| Jun '25 | $24M | -$482M | 0.0% | -1367.8% | — | — | $1.1B |
| Mar '25 | $21M | $65M | 0.0% | 449.8% | $51M | — | $849M |
| Dec '24 | $2M | $3M | 0.0% | 33.1% | $97M | — | $751M |
| Sep '24 | $547000 | $71M | 0.0% | 11663.4% | $108M | — | $577M |
| Jun '24 | $7M | $33M | 0.0% | 742.5% | — | — | $457M |
| Mar '24 | — | $49M | — | — | — | — | — |
How the market has priced CRCL against its own fundamentals since 2025-06 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 2 years, Circle Internet Group, Inc.'s revenue has grown 135.2% per year. These are computed facts, not advice.
As of FY2025, Circle Internet Group, Inc. reported — of total debt against $1.5B of cash; operating income covered interest expense -78.7×.
In FY2025, gross margin was —, operating margin -87.8%, and net margin -63.3%.
As of Jun '26, Circle Internet Group, Inc. traded at a price-to-earnings ratio of about 125.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.