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Circle Internet Group, Inc.

Company price
89.0 USD -4.00 ( 4.30%)
Last update at 2026-09-25T20:29:00Z
VOLUME
10766033
Market Cap
23524.87M
P/E
19.52

Momentum Score

…

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.

Source: TradingView
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Day Price Range
87.59
Low
92.21
High
52 Week Price Range
49.90
Low
159.47
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
93.00
Dividend Yield
-
Revenue TTM
2905.44M
Revenue Per Share
12.04
Gross Profit TTM
639.13M
Debt / Equity
0.01
ROE
15.35%
Net Debt
-77380.12M
ROCE
-2.69%
Diluted EPS TTM
4.42

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Circle Internet Group, Inc.

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.

One World Trade Center, New York, NY, United States, 10007

332 334 0660

1100

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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