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)

2025-06 107.5M2025-09 266.7M2025-12 237.5M2026-03 266.7M2026-06 253.9M+136.1% over 4 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Revenue	2.75B YoY+63.9%	1.68B YoY+15.6%	1.45B
	1.18B YoY+139.9%	492M YoY+8.5%	453M
Selling, general & administrative	190M YoY+38.6%	137M YoY+37.1%	100M
General & administrative	190M YoY+38.6%	137M YoY+37.1%	100M
Selling & marketing	25.7M YoY+48.4%	17.3M YoY-52.6%	36.5M
Amortization of intangibles	73.7M YoY+50.4%	49.0M YoY+47.9%	33.1M
Operating income	-96.4M YoY-157.7%	167M YoY-38.0%	270M
Interest expense	1.23M YoY-35.7%	1.91M YoY-0.3%	1.91M
Interest & investment income	2.64B YoY+58.7%	1.66B YoY+16.1%	1.43B
Other non-operating income	2.63M YoY+49.0%	1.76M YoY-2.5%	1.81M
Pre-tax income	-103M YoY-146.4%	222M YoY-30.5%	319M
Income tax	-33.4M YoY-151.7%	64.6M YoY+36.3%	47.4M
	-69.5M YoY-144.7%	156M YoY-41.8%	268M
Discontinued operations	0.00 YoY+100.0%	-1.32M YoY+66.8%	-3.99M
Net income to non-controlling interest	-10.0K	0.00	0.00
Net income to common	-69.5M YoY-483.8%	18.1M YoY-59.7%	44.9M
	-$0.44 YoY-246.7%	$0.30 YoY-61.5%	$0.78
EPS (basic)	-$0.44 YoY-233.3%	$0.33 YoY-65.3%	$0.95
	159M YoY+191.7%	54.4M YoY+15.1%	47.3M
	159M YoY+117.3%	73.0M YoY+8.1%	67.5M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	77.8B YoY+72.3%	45.2B	—
Cash & equivalents	1.53B YoY+103.2%	751M YoY+103.7%	369M
Accounts receivable	62.9M YoY+879.5%	6.42M	—
Prepaid expenses	322M YoY+71.5%	188M	—
Other current assets	12.6M YoY+111.1%	5.97M	—
	78.7B YoY+71.7%	45.8B	—
Property, plant & equipment	22.8M YoY+22.0%	18.7M	—
Operating lease right-of-use	14.1M YoY-8.8%	15.5M	—
Goodwill	266M YoY+56.7%	170M YoY+0.0%	170M
Intangible assets	411M YoY+24.1%	331M	—
Long-term investments	84.3M YoY+0.2%	84.1M	—
Deferred tax assets	11.1M YoY+8.7%	10.2M	—
Other non-current assets	27.4M YoY+32.8%	20.6M	—
	75.3B YoY+71.1%	44.0B	—
Accrued liabilities	114M YoY+62.5%	70.3M	—
Current lease liability	2.69M YoY+1.9%	2.64M	—
Other current liabilities	18.4M YoY+10.9%	16.6M	—
	75.4B YoY+70.8%	44.1B	—
Non-current lease liability	12.0M YoY-8.4%	13.1M	—
Operating lease liability (total)	14.7M YoY-6.7%	15.7M	—
Deferred tax liabilities	28.7M YoY-2.9%	29.6M	—
Other non-current liabilities	25.3M YoY+19.1%	21.3M	—
Total non-current liabilities	54.0M YoY-42.0%	93.1M	—
	3.33B YoY+483.6%	571M YoY+68.1%	339M
Additional paid-in capital	4.61B YoY+157.1%	1.79B	—
Retained earnings	-1.29B YoY-5.7%	-1.22B	—
Treasury stock	2.72M YoY-5.4%	2.88M	—
Accumulated other comprehensive income	14.5M YoY+298.3%	3.64M	—
Non-controlling interest	1.45M	0.00	—
Total equity incl. non-controlling	3.33B YoY+483.8%	571M YoY+68.1%	339M
Total liabilities & equity	78.7B YoY+71.7%	45.8B	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	542M YoY+57.3%	345M YoY+146.9%	140M
Depreciation & amortization	76.6M YoY+50.7%	50.9M YoY+45.8%	34.9M
Intangible amortization	73.7M YoY+50.4%	49.0M YoY+47.9%	33.1M
Share-based compensation	566M YoY+1029.3%	50.1M YoY-53.6%	108M
Deferred income taxes	-2.27M YoY+40.3%	-3.81M YoY+88.4%	-32.9M
Change in receivables	39.4M YoY+761.9%	4.57M YoY+303.6%	-2.24M
	-84.0M YoY-145.1%	186M YoY-97.8%	8.51B
Capital expenditure	12.4M YoY-31.4%	18.1M YoY+2671.9%	654K
Free cash flow	530M YoY+62.3%	326M YoY+135.0%	139M
Acquisitions	7.73M	0.00	0.00
	31.9B YoY+64.2%	19.4B YoY+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 YoY-100.0%	8.74M
Dividends paid	0.00	0.00	0.00
Net change in cash	32.5B YoY+62.5%	20.0B YoY+271.0%	-11.7B
Interest paid	180K YoY-30.2%	258K YoY+2.0%	253K
Income taxes paid	13.3M YoY-82.4%	75.6M YoY-6.7%	81.0M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Market cap	18.8B	—	—
P/S	6.9×	—	—
P/B	5.7×	—	—
P/FCF	35.6×	—	—
	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.