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CIRCLE INTERNET GROUP, INC.

EDGAR
CRCL Current report (8-K) · filed 2026-11-04

Annual consolidated revenue for 2025: about USD 2.747B, using the latest reported figures. The previous period, 2024, was about USD 1.676B.

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Watchlist

Latest quarter

Revenue

865 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

24.09%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 208334000 USD Source
  • Revenue: 864888000 USD Source

Operating cash flow

-15.5 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 522978000 USD Source
  • Operating Cash Flow: 538505000 USD Source

Free cash flow

-35.6 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 522978000 USD Source
  • Operating Cash Flow: 538505000 USD Source
  • Capital Expenditure: 30435000 USD Source
  • Capital Expenditure: 10389000 USD Source
Cash and cash equivalents
1.7 billion USD Source
Exact value

1699951000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Net income

463 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: -69508000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -202924000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 55253000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 48221000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 226024000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

772 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 542129000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 293034000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 21076000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 538505000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 21076000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 522978000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 538505000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

31.4 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 12432000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 11481000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 9356000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 10389000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 9356000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 30435000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 10389000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

741 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 542129000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 293034000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 21076000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 538505000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 21076000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 522978000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 538505000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 12432000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 11481000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 9356000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 10389000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 9356000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 30435000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 10389000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-11-04.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +63.9%

    Prior period

    USD 1.68 billion

    –

    Current period

    USD 2.75 billion

    –

    Exact inputs and evidence

    2746642000 − 1676253000 = 1070389000 USD

    1676253000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2746642000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -144.7%

    Prior period

    USD 155.67 million

    –

    Current period

    −USD 69.51 million

    –

    Exact inputs and evidence

    -69508000 − 155667000 = -225175000 USD

    155667000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -69508000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +57.3%

    Prior period

    USD 344.58 million

    –

    Current period

    USD 542.13 million

    –

    Exact inputs and evidence

    542129000 − 344576000 = 197553000 USD

    344576000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    542129000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -31.4%

    Prior period

    USD 18.13 million

    –

    Current period

    USD 12.43 million

    –

    Exact inputs and evidence

    12432000 − 18128000 = -5696000 USD

    18128000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    12432000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.75 billion 100% of revenue
  • Operating costs Derived USD 2.84 billion 104% of revenue
  • Operating income −USD 96.44 million −3.5% of revenue
  • Tax, interest and other Derived −USD 26.93 million −1% of revenue
  • Net income −USD 69.51 million −2.5% of revenue

Cash

  • Operating cash flow USD 542.13 million 20% of revenue
  • Capital expenditure USD 12.43 million 0.5% of revenue
  • Free cash flow Derived USD 529.7 million 19% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 18%81%
  • 2024 9.3%90%
  • 2025 Operating loss: operating costs were 104% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-311450466000 1180938000 Derived 269528000 1966000 Derived 267562000 138914000 Derived
Source
2024 2024-01-01 – 2024-12-311676253000 1509095000 Derived 167158000 11491000 Derived 155667000 326448000 Derived
Source
2025 2025-01-01 – 2025-12-312746642000 2843077000 Derived -96435000 -26927000 Derived -69508000 529697000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B2.2B1.5B741.6M0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Revenue1450466000
2024Revenue1676253000
2025Revenue2746642000

Revenue growth

Change in revenue from the same financial period one year earlier.

63.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.69%52%34%17%0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year15.6%
2025Year over year63.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -3.5% 2025
Net margin -2.5% 2025
Free cash flow margin 19.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.3%14.6%8.0%1.3%-5.3%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin18.6%
2024Operating margin10%
2025Operating margin-3.5%
2023Net margin18.4%
2024Net margin9.3%
2025Net margin-2.5%
2023Free cash flow margin9.6%
2024Free cash flow margin19.5%
2025Free cash flow margin19.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 542.1M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.585.5M439.1M292.7M146.4M0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Operating cash flow139568000
2024Operating cash flow344576000
2025Operating cash flow542129000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 529.7M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.572.1M429.1M286.0M143.0M0.0202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Free cash flow138914000
2024Free cash flow326448000
2025Free cash flow529697000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

95.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.104%78%52%26%0%2023-12-3120242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets96.3%
2025Liabilities / assets95.8%

Current assets to current liabilities

Current assets divided by current liabilities.

1.03× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.12×0.84×0.56×0.28×0.00×2023-12-3120242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities1.03×
2025Current assets / current liabilities1.03×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
USD 267.56 million
Exact value

Exact value: 267562000 USD

2023-01-01 – 2023-12-31: 267562000 USD Inspect Net Income Open source
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USD 139.57 million
Exact value

Exact value: 139568000 USD

2023-01-01 – 2023-12-31: 139568000 USD Inspect Operating Cash Flow Open source
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USD 654,000
Exact value

Exact value: 654000 USD

2023-01-01 – 2023-12-31: 654000 USD Inspect Capital Expenditure Open source
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USD 138.91 million
Calculation and evidence

139568000 − 654000 USD

Exact free cash flow: 138914000 USD

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2024 2024-01-01 – 2024-12-31
USD 155.67 million
Exact value

Exact value: 155667000 USD

2024-01-01 – 2024-12-31: 155667000 USD Inspect Net Income Open source
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USD 344.58 million
Exact value

Exact value: 344576000 USD

2024-01-01 – 2024-12-31: 344576000 USD Inspect Operating Cash Flow Open source
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USD 18.13 million
Exact value

Exact value: 18128000 USD

2024-01-01 – 2024-12-31: 18128000 USD Inspect Capital Expenditure Open source
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USD 326.45 million
Calculation and evidence

344576000 − 18128000 USD

Exact free cash flow: 326448000 USD

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2025 2025-01-01 – 2025-12-31
−USD 69.51 million
Exact value

Exact value: -69508000 USD

2025-01-01 – 2025-12-31: -69508000 USD Inspect Net Income Open source
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USD 542.13 million
Exact value

Exact value: 542129000 USD

2025-01-01 – 2025-12-31: 542129000 USD Inspect Operating Cash Flow Open source
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USD 12.43 million
Exact value

Exact value: 12432000 USD

2025-01-01 – 2025-12-31: 12432000 USD Inspect Capital Expenditure Open source
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USD 529.7 million
Calculation and evidence

542129000 − 12432000 USD

Exact free cash flow: 529697000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

12 filings · 763 latest values · 763 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001876042, 1876042, CRCL, edgar:1876042

Also known as CIRCLE INTERNET GROUP, INC., CIrcle Acquisition Public Ltd Co, Circle Internet Finance Public Ltd Co, Circle Internet Financial Ltd, Circle Internet Group, Inc.