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Circle Internet Group, Inc.

CRCL

$66.86 ▲ +3.55 (+5.61%) at close

3 Visible periods

26 Metrics

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Health

Poor

Bearish

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Analytical Summary

Circle Internet Group, Inc. faces fundamental challenges with weakness in Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $10.6B

Dividend Yield —

Revenue Growth 63.9% ↗

Op. Margin -3.5% ↘

ROIC -2.0% ↘

FCF / Share $3.34 ↘

Trailing P/E —

Price / Book 3.2x

FCF Yield 5.0%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

3-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.75B

↑ +63.9% —

Net Income Profit after all expenses

$-69.51M

↓ -144.7% —

Operating Margin Operating profit as % of sales

-3.5%

↓ -135.2% 22th

FCF / Share Free cash flow per share

$3.34

↓ -44.4% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Financial Health

Cash Quality

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Revenue Growth YoY (%)	63.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+964%)	15.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+159%)	—
EPS Growth YoY (%)	N/M	-65.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	N/M	-41.8% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	-44.4% Weak Weak Year-over-year change in free cash flow	104.1% Excellent Excellent Year-over-year change in free cash flow	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Operating Margin (%) (%)	-3.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-114%)	10.0% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	18.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)
Effective Tax Rate (%) (%)	32.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.1% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-2.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-112%)	9.3% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	18.4% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)
FCF Margin (%) (%)	19.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.5% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	9.6% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	-7.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.10x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.52x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Return on Invested Capital (%)	-2.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	20.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-0.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	0.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-2.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-117%)	27.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+127%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Interest Coverage (x)	-535.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	647.90x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	1065.33x Excellent Excellent Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-1.53B	$-750.98M	$-368.62M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Revenue per Share (USD)	$17.31	$30.81	$30.69
Basic EPS, GAAP (USD)	$-0.44	$0.33	$0.95
Free Cash Flow per Share (USD)	$3.34	$6.00	$2.94
Book Value per Share (USD)	$20.98	$10.49	—
Tangible Book Value per Share (USD)	$16.71	$1.28	—
Basic Weighted Avg Shares (shares)	158.70M	54.41M	47.27M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Working Capital (USD)	$2.47B	$1.13B	—
Total Equity (USD)	$3.33B	$570.53M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Sales/Revenue/Turnover (USD)	$2.75B	$1.68B	$1.45B
Depreciation Expense (USD)	$76.63M	$50.85M	$34.89M
Net Income, GAAP (USD)	$-69.51M	$155.67M	$267.56M
Operating Cash Flow (USD)	$542.13M	$344.58M	$139.57M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 3 years · 10 quarters

Circle Internet Group, Inc.

Analytical Summary

3-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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