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Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platform including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity onchain; Circle Digital Assets and Services, which includes circle digital assets, USDC, EURC, and USYC, as well as circle mint and xreserve, related liquidity, custody, and trust infrastructure; and Circle Applications, which includes circle payments network and stablefx, applications that use circle digital assets to deliver real-world utility on the arc network and across the broader multichain ecosystem. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments network, and developer services, as well as integration services. The company was founded in 2013 and is based in New York, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Circle Internet Group provides digital payments and crypto infrastructure and is the issuer of the USDC stablecoin for businesses, developers and financial institutions. Long-term growth may be supported by wider stablecoin adoption, tokenized payments and corporate crypto treasury use, and investors may find it attractive due to its established market position, developer-facing products and potential for recurring revenue.
Key risks are regulatory uncertainty over stablecoin issuance and reserves, crypto-market volatility and liquidity risk, and competition from banks and other issuers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -102.89M | 221.57M | 318.95M | -758.51M | -503.86M |
| Minority interest | 0.01M | 0.00M | 0.00M | - | - |
| Net income | -69.51M | 155.67M | 267.56M | -768.85M | -508.21M |
| Selling general administrative | 215.99M | 137.28M | 100.13M | 82.27M | 31.12M |
| Selling and marketing expenses | - | 17.33M | 36.54M | 78.84M | 13.70M |
| Gross profit | 161.49M | 395.48M | 426.69M | 249.74M | -25.91M |
| Reconciled depreciation | 76.63M | 50.85M | 34.89M | 13.28M | 3.94M |
| Ebit | -91.14M | 223.48M | 320.86M | -755.83M | -499.09M |
| Ebitda | -14.52M | 274.33M | 355.75M | -742.55M | -495.14M |
| Depreciation and amortization | 76.63M | 50.85M | 34.89M | 13.28M | 3.94M |
| Operating income | -91.14M | 167.16M | 269.53M | -38.12M | -86.10M |
| Other operating expenses | 2837.78M | 1509.10M | 1180.94M | 810.17M | 170.97M |
| Interest expense | 1.23M | 1.91M | 1.91M | 2.68M | 4.77M |
| Tax provision | -33.38M | 64.58M | 47.40M | 3.26M | 4.85M |
| Interest income | 47.67M | 34.71M | 29.26M | 8.64M | - |
| Net interest income | 46.45M | 32.81M | 27.35M | 5.96M | -4.77M |
| Income tax expense | -33.38M | 64.58M | 47.40M | 3.26M | 4.85M |
| Total revenue | 2746.64M | 1676.25M | 1450.47M | 772.05M | 84.88M |
| Total operating expenses | 252.63M | 228.32M | 157.16M | 287.85M | 60.18M |
| Cost of revenue | 2585.16M | 1280.77M | 1023.78M | 522.32M | 110.79M |
| Total other income expense net | -11.75M | 54.42M | 49.42M | -720.39M | -417.76M |
| Net income from continuing ops | -69.52M | 156.99M | 271.55M | -761.77M | -508.71M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 78713.21M | 45834.41M | 25996.58M | 46733.79M | 43896.35M |
| Intangible assets | 411.15M | 331.39M | 327.38M | 47.90M | 248.69M |
| Other current assets | 321.66M | 44238.87M | 24640.99M | 735.65M | 43228.65M |
| Total liab | 75382.43M | 45263.88M | 24525.85M | 45854.63M | 44664.75M |
| Total stockholder equity | 3329.33M | 570.53M | 1470.73M | 879.16M | -768.41M |
| Other current liab | 74930.96M | 43912.21M | 24418.50M | 45581.14M | 43445.64M |
| Common stock | 0.03M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.03M | 0.01M | 0.01M | - | 0.01M |
| Retained earnings | -1292.71M | -1223.21M | -1385.61M | -1652.20M | -883.35M |
| Good will | 265.74M | 169.54M | 169.54M | 169.54M | 24.01M |
| Cash | 77416.94M | 750.98M | 368.62M | 36657.93M | 161.56M |
| Total current liabilities | 75328.40M | 44030.97M | 24437.54M | 45594.05M | 43479.75M |
| Current deferred revenue | - | - | - | - | 0.41M |
| Net debt | -77380.12M | -710.26M | -308.36M | -36576.03M | 766.60M |
| Short term debt | 36.82M | - | 1.65M | 1.93M | 24.04M |
| Short long term debt | 36.82M | - | - | - | 24.04M |
| Short long term debt total | 36.82M | 40.72M | 60.27M | 81.89M | 928.16M |
| Other stockholder equity | 4607.49M | 1790.09M | 1720.14M | 1396.73M | 110.23M |
| Total current assets | 77801.47M | 45164.95M | 25313.13M | 46246.93M | 43572.24M |
| Long term investments | 170.78M | 115.44M | 175.15M | - | 28.23M |
| Short term investments | 0.54M | 14.33M | 152.18M | 8749.11M | 0.00M |
| Net receivables | 62.87M | 160.77M | 151.34M | 104.25M | 182.02M |
| Long term debt | - | 40.72M | 58.49M | - | 904.12M |
| Accounts payable | 360.61M | 118.07M | 17.39M | 10.99M | - |
| Accumulated other comprehensive income | 14.52M | 3.64M | 4.93M | 3.36M | 4.71M |
| Non currrent assets other | 27.38M | 24.17M | 3.56M | 1.62M | 21.96M |
| Non current assets total | 911.74M | 669.46M | 683.45M | 486.85M | 324.11M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -7.67M | 186.30M | 8509.77M | -8488.59M | -28.85M |
| Total cashflows from investing activities | -84.03M | 186.30M | 8509.77M | -8488.59M | -28.85M |
| Net borrowings | - | - | - | - | 438.54M |
| Total cash from financing activities | 31936.36M | 19449.89M | -20329.86M | 2578.24M | 38722.05M |
| Net income | -69.52M | 155.67M | 267.56M | -768.85M | -508.21M |
| Change in cash | 775.07M | 19973.44M | -11679.68M | -5979.29M | 38601.01M |
| Begin period cash flow | 750.98M | 24994.16M | 36673.84M | 42653.13M | 4052.12M |
| End period cash flow | 1526.05M | 44967.60M | 24994.16M | 36673.84M | 42653.13M |
| Total cash from operating activities | 542.13M | 344.58M | 139.57M | -72.69M | -92.33M |
| Issuance of capital stock | 1013.10M | 0.00M | 0.00M | 401.00M | 0.48M |
| Depreciation | 76.63M | 50.85M | 34.89M | 13.28M | 3.94M |
| Other cashflows from investing activities | -68.14M | -18.13M | -0.65M | -3.05M | -1.73M |
| Change to account receivables | -39.38M | -4.57M | 2.24M | 18.73M | -21.11M |
| Sale purchase of stock | 0.00M | 0.00M | -8.74M | 0.00M | - |
| Other cashflows from financing activities | 30871.50M | 19448.28M | -20321.12M | 2578.24M | 38283.03M |
| Capital expenditures | 12.43M | 39.10M | 32.86M | 18.32M | 7.87M |
| Change in working capital | -109.53M | 117.44M | -172.46M | 170.90M | -6.22M |
| Stock based compensation | 566.18M | 50.13M | 108.00M | 69.27M | 18.38M |
| Other non cash items | 80.53M | -26.71M | -65.53M | 443.50M | 404.51M |
| Free cash flow | 529.70M | 305.48M | 106.71M | -91.01M | -100.20M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CRCL Circle Internet Group, Inc. |
-4.00 4.30% |
89.00 | 19.52 | 79.37 | 8.10 | 7.05 | 8.00 | 45.74 |
| GS Goldman Sachs Group Inc |
12.16 1.32% |
935.45 | 17.21 | 16.00 | 4.47 | 2.26 | 11.15 | - |
| SCHW Charles Schwab Corp |
-0.46 0.46% |
99.03 | 19.53 | 13.89 | 7.16 | 4.22 | 8.80 | - |
| MS Morgan Stanley |
-0.01 0.01% |
196.31 | 16.50 | 13.76 | 2.80 | 1.65 | - | - |
| IBKR Interactive Brokers Group Inc |
-0.58 0.65% |
89.24 | 35.95 | 27.93 | 22.14 | 6.96 | 3.01 | 3.37 |
Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platform including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity onchain; Circle Digital Assets and Services, which includes circle digital assets, USDC, EURC, and USYC, as well as circle mint and xreserve, related liquidity, custody, and trust infrastructure; and Circle Applications, which includes circle payments network and stablefx, applications that use circle digital assets to deliver real-world utility on the arc network and across the broader multichain ecosystem. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments network, and developer services, as well as integration services. The company was founded in 2013 and is based in New York, New York.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jeremy D. Allaire | Co-Founder, Chairman & CEO | 1972 |
| Mr. Heath P. Tarbert | President & Chief Legal Officer | 1977 |
| Mr. Jeremy Fox-Geen | Chief Financial Officer | 1974 |
| Mr. Nikhil Chandhok | Chief Product & Technology Officer | 1978 |
| Mr. Hossein Razzaghi | Chief Commercial Officer | 1974 |
| Mr. Dante A. Disparte | Chief Strategy Officer and Head of Global Policy & Operations | NA |
| Tamara Schulz | Chief Accounting Officer | NA |
| Mr. Mandeep Walia | Chief Compliance & Risk Officer | NA |
| Mr. Tim Queenan | Senior Vice President of Marketing | NA |
| Mr. Brian Christman | Chief People Officer | NA |
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