CRCL financial statements
The full income statement, balance sheet, and cash-flow statement for Circle Internet Group Inc. (CRCL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 2.75B+63.9% | 1.68B+15.6% | 1.45B | |
| 1.18B+139.9% | 492M+8.5% | 453M | ||
| Selling, general & administrative | 190M+38.6% | 137M+37.1% | 100M | |
| General & administrative | 190M+38.6% | 137M+37.1% | 100M | |
| Selling & marketing | 25.7M+48.4% | 17.3M-52.6% | 36.5M | |
| Amortization of intangibles | 73.7M+50.4% | 49.0M+47.9% | 33.1M | |
| Operating income | -96.4M-157.7% | 167M-38.0% | 270M | |
| Interest expense | 1.23M-35.7% | 1.91M-0.3% | 1.91M | |
| Interest & investment income | 2.64B+58.7% | 1.66B+16.1% | 1.43B | |
| Other non-operating income | 2.63M+49.0% | 1.76M-2.5% | 1.81M | |
| Pre-tax income | -103M-146.4% | 222M-30.5% | 319M | |
| Income tax | -33.4M-151.7% | 64.6M+36.3% | 47.4M | |
| -69.5M-144.7% | 156M-41.8% | 268M | ||
| Discontinued operations | 0.00+100.0% | -1.32M+66.8% | -3.99M | |
| Net income to non-controlling interest | -10.0K | 0.00 | 0.00 | |
| Net income to common | -69.5M-483.8% | 18.1M-59.7% | 44.9M | |
| -$0.44-246.7% | $0.30-61.5% | $0.78 | ||
| EPS (basic) | -$0.44-233.3% | $0.33-65.3% | $0.95 | |
| Weighted-avg shares (basic) | 159M+191.7% | 54.4M+15.1% | 47.3M | |
| Weighted-avg shares (diluted) | 159M+117.3% | 73.0M+8.1% | 67.5M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 77.8B+72.3% | 45.2B | — | ||
| Cash & equivalents | 1.53B+103.2% | 751M+103.7% | 369M | |
| Accounts receivable | 62.9M+879.5% | 6.42M | — | |
| Prepaid expenses | 322M+71.5% | 188M | — | |
| Other current assets | 12.6M+111.1% | 5.97M | — | |
| 78.7B+71.7% | 45.8B | — | ||
| Property, plant & equipment | 22.8M+22.0% | 18.7M | — | |
| Operating lease right-of-use | 14.1M-8.8% | 15.5M | — | |
| Goodwill | 266M+56.7% | 170M+0.0% | 170M | |
| Intangible assets | 411M+24.1% | 331M | — | |
| Long-term investments | 84.3M+0.2% | 84.1M | — | |
| Deferred tax assets | 11.1M+8.7% | 10.2M | — | |
| Other non-current assets | 27.4M+32.8% | 20.6M | — | |
| 75.3B+71.1% | 44.0B | — | ||
| Accrued liabilities | 114M+62.5% | 70.3M | — | |
| Current lease liability | 2.69M+1.9% | 2.64M | — | |
| Other current liabilities | 18.4M+10.9% | 16.6M | — | |
| 75.4B+70.8% | 44.1B | — | ||
| Non-current lease liability | 12.0M-8.4% | 13.1M | — | |
| Operating lease liability (total) | 14.7M-6.7% | 15.7M | — | |
| Deferred tax liabilities | 28.7M-2.9% | 29.6M | — | |
| Other non-current liabilities | 25.3M+19.1% | 21.3M | — | |
| Total non-current liabilities | 54.0M-42.0% | 93.1M | — | |
| 3.33B+483.6% | 571M+68.1% | 339M | ||
| Additional paid-in capital | 4.61B+157.1% | 1.79B | — | |
| Retained earnings | -1.29B-5.7% | -1.22B | — | |
| Treasury stock | 2.72M-5.4% | 2.88M | — | |
| Accumulated other comprehensive income | 14.5M+298.3% | 3.64M | — | |
| Non-controlling interest | 1.45M | 0.00 | — | |
| Total equity incl. non-controlling | 3.33B+483.8% | 571M+68.1% | 339M | |
| Total liabilities & equity | 78.7B+71.7% | 45.8B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 542M+57.3% | 345M+146.9% | 140M | ||
| Depreciation & amortization | 76.6M+50.7% | 50.9M+45.8% | 34.9M | |
| Intangible amortization | 73.7M+50.4% | 49.0M+47.9% | 33.1M | |
| Share-based compensation | 566M+1029.3% | 50.1M-53.6% | 108M | |
| Deferred income taxes | -2.27M+40.3% | -3.81M+88.4% | -32.9M | |
| Change in receivables | 39.4M+761.9% | 4.57M+303.6% | -2.24M | |
| -84.0M-145.1% | 186M-97.8% | 8.51B | ||
| Capital expenditure | 12.4M-31.4% | 18.1M+2671.9% | 654K | |
| Free cash flow | 530M+62.3% | 326M+135.0% | 139M | |
| Acquisitions | 7.73M | 0.00 | 0.00 | |
| 31.9B+64.2% | 19.4B+195.7% | -20.3B | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 8.74M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 32.5B+62.5% | 20.0B+271.0% | -11.7B | |
| Interest paid | 180K-30.2% | 258K+2.0% | 253K | |
| Income taxes paid | 13.3M-82.4% | 75.6M-6.7% | 81.0M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 18.7B | — | — | |
| P/S | 6.8× | — | — | |
| P/B | 5.6× | — | — | |
| P/FCF | 35.3× | — | — | |
| FCF yield | 2.8% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: CRCL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CRCL filings on SEC EDGAR → Not investment advice.