Company research
Circle Internet Group, Inc.
CIK 1876042Updated Nov 10, 2026
SecurityCRCL · NYSE · equity
Name history
Circle Internet Financial Ltd · through Apr 12, 2024Circle Internet Finance Public Ltd Co · through Dec 5, 2022CIrcle Acquisition Public Ltd Co · through Oct 21, 2021
CRCL price & chart
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NYSE:CRCL on TradingView ↗In the news
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Seeking Alpha
Circle cuts workforce by ~5%, impacting Q3 charges ↗
Circle Internet Group, Inc. (CRCL) Q3 2026 Earnings Call Transcript ↗
Circle Internet Group, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
SEC disclosures
Circle Internet Group, Inc. files 8-K: Material Event ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| AssetsUSD | 76,781,008,000Source | — | 77,165,460,000Source | 64,153,508,000Source | — | 80,536,778,000Source | — | 78,713,207,000Source | 45,834,409,000Source |
| Property, Plant and Equipment, NetUSD | 23,486,000Source | — | 22,177,000Source | 23,804,000Source | — | 22,520,000Source | — | 22,791,000Source | 18,682,000Source |
| GoodwillUSD | 266,384,000Source | — | 265,742,000Source | 266,384,000Source | — | 265,742,000Source | — | 265,742,000Source | 169,544,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 411,990,000Source | — | 446,577,000Source | 396,969,000Source | — | 421,017,000Source | — | 411,146,000Source | 331,394,000Source |
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,348,901,000Source | 577,277,000Source | 1,730,126,000Source | 1,118,119,000Source | 457,457,000Source | 1,517,264,000Source | 848,606,000Source | 1,526,046,000Source | 750,981,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 22,154,000Source | — | 105,431,000Source | 13,215,000Source | — | 72,168,000Source | — | 62,866,000Source | 6,418,000Source |
| Assets, CurrentUSD | 75,903,384,000Source | — | 76,169,618,000Source | 63,302,129,000Source | — | 79,602,575,000Source | — | 77,801,467,000Source | 45,164,949,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 321,343,000Source | — | 283,578,000Source | 216,604,000Source | — | 326,800,000Source | — | 321,660,000Source | 187,528,000Source |
| Operating Lease, Right-of-Use AssetUSD | 14,523,000Source | — | 15,162,000Source | 14,933,000Source | — | 13,980,000Source | — | 14,127,000Source | 15,493,000Source |
| Other Assets, NoncurrentUSD | 25,797,000Source | — | 26,890,000Source | 24,633,000Source | — | 26,549,000Source | — | 27,379,000Source | 20,615,000Source |
| LIABILITIES AND EQUITY | |||||||||
| LiabilitiesUSD | 73,757,652,000Source | — | 73,655,485,000Source | 61,782,677,000Source | — | 77,108,147,000Source | — | 75,382,434,000Source | 44,124,115,000Source |
| Stockholders’ equity: | |||||||||
| Additional Paid in CapitalUSD | 4,437,594,000Source | — | 4,693,986,000Source | 3,998,827,000Source | — | 4,658,949,000Source | — | 4,610,216,000Source | 1,792,969,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,426,125,000Source | — | -1,189,235,000Source | -1,640,510,000Source | — | -1,237,456,000Source | — | -1,292,709,000Source | -1,223,213,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 14,739,000Source | — | 6,449,000Source | 15,366,000Source | — | 8,367,000Source | — | 14,515,000Source | 3,644,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,023,356,000Source | 557,728,000Source | 3,508,582,000Source | 2,370,831,000Source | 460,859,000Source | 3,427,204,000Source | — | 3,329,327,000Source | 570,529,000Source |
| Liabilities and EquityUSD | 76,781,008,000Source | — | 77,165,460,000Source | 64,153,508,000Source | — | 80,536,778,000Source | — | 78,713,207,000Source | 45,834,409,000Source |
| Current liabilities: | |||||||||
| Liabilities, CurrentUSD | 73,701,756,000Source | — | 73,602,153,000Source | 61,730,434,000Source | — | 77,055,382,000Source | — | 75,328,395,000Source | 44,030,967,000Source |
| Operating Lease, Liability, CurrentUSD | 2,693,000Source | — | 3,722,000Source | 2,704,000Source | — | 2,947,000Source | — | 2,686,000Source | 2,637,000Source |
| Operating Lease, Liability, NoncurrentUSD | 12,347,000Source | — | 12,229,000Source | 12,725,000Source | — | 11,815,000Source | — | 11,978,000Source | 13,074,000Source |
| Deferred Income Tax Liabilities, NetUSD | 31,345,000Source | — | 28,495,000Source | 31,812,000Source | — | 28,071,000Source | — | 28,702,000Source | 29,559,000Source |
| Other Liabilities, NoncurrentUSD | 24,551,000Source | — | 24,837,000Source | 20,431,000Source | — | 24,694,000Source | — | 25,337,000Source | 21,281,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | 1,393,000Source | — | — | 1,427,000Source | — | 1,446,000Source | 0Source |
| Additional Financial Items | |||||||||
| Accrued Liabilities, CurrentUSD | 87,895,000Source | — | 116,209,000Source | 66,827,000Source | — | 71,551,000Source | — | 114,272,000Source | 70,314,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | 17,592,000Source | 19,336,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | 48,214,000Source | -482,100,000Source | 55,246,000Source | 64,791,000Source | -69,518,000Source | 155,667,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 26,767,000Source | 13,880,000Source | 76,627,000Source | 50,854,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 59,100,000Source | 12,800,000Source | 53,600,000Source | 435,000,000Source | 51,836,000Source | 12,716,000Source | 566,177,000Source | 50,134,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 12,602,000Source | 5,353,000Source | 39,379,000Source | 4,569,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -2,272,000Source | -3,808,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 21,076,000Source | 56,593,000Source | 542,129,000Source | 344,576,000Source |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 7,440,000Source | 7,734,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -35,188,000Source | -25,225,000Source | -84,035,000Source | 186,301,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 9,356,000Source | 5,864,000Source | 12,432,000Source | 18,128,000Source |
| Cash flows from financing activities: | ||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 80,151,000Source | 0Source | 269,732,000Source | 0Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,791,263,000Source | 16,263,099,000Source | 31,936,360,000Source | 19,449,891,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 1,786,674,000Source | 16,301,049,000Source | 32,452,129,000Source | 19,973,445,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 75,562,109,000Source | 36,308,894,000Source | 75,793,415,000Source | 63,075,520,000Source | 79,206,407,000Source | 61,268,653,000Source | 77,419,733,000Source | 44,967,604,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 216,000Source | 180,000Source | 180,000Source | 258,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 1,282,000Source | 775,000Source | 13,330,000Source | 75,579,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Intangible AssetsUSD | — | — | 22,030,000Source | 12,650,000Source | 28,879,000Source | 13,622,000Source | 25,772,000Source | 13,466,000Source | 73,664,000Source | 48,982,000Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | — | — | 1,767,000Source | 1,341,000Source | — | 5,233,000Source | -3,576,000Source | -8,263,000Source | 23,811,000Source | 8,560,000Source |
| DepreciationUSD | — | — | 1,000,000Source | 500,000Source | 1,000,000Source | 600,000Source | 1,000,000Source | 400,000Source | 3,000,000Source | 1,900,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | — | — | — | 5,394,000Source | -900,000Source | -7,790,000Source | 565,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | — | — | 1,475,000Source | -8,067,000Source | 5,121,000Source | -539,000Source | -7,922,000Source | -368,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 0Source | -12,000Source | -22,000Source | -73,000Source |
| General and Administrative ExpenseUSD | — | — | 45,477,000Source | 33,337,000Source | 66,273,000Source | 43,140,000Source | 57,261,000Source | 30,684,000Source | 190,272,000Source | 137,283,000Source |
| GoodwillUSD | — | — | 266,384,000Source | — | 265,742,000Source | 266,384,000Source | 265,742,000Source | — | 265,742,000Source | 169,544,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | 48,214,000Source | -482,100,000Source | 55,246,000Source | 64,791,000Source | -69,518,000Source | 156,991,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 0Source | -1,324,000Source |
| Income Tax Expense (Benefit)USD | — | — | -61,294,000Source | 15,168,000Source | 4,092,000Source | -3,903,000Source | 1,439,000Source | 25,046,000Source | -33,375,000Source | 64,583,000Source |
| InterestExpenseNonoperatingUSD | — | — | 354,000Source | 548,000Source | 64,000Source | 344,000Source | 38,000Source | 335,000Source | 1,226,000Source | 1,906,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 214,385,000Source | 70,996,000Source | 48,221,000Source | -482,100,000Source | 55,253,000Source | 64,791,000Source | -69,508,000Source | 155,667,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | -7,000Source | 0Source | -7,000Source | 0Source | -10,000Source | 0Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 214,385,000Source | 0Source | 48,221,000Source | -482,100,000Source | 55,253,000Source | 0Source | -69,508,000Source | 18,109,000Source |
| Nonoperating Income (Expense)USD | — | — | 72,071,000Source | 22,365,000Source | 17,947,000Source | -160,421,000Source | 11,683,000Source | -3,103,000Source | -6,458,000Source | 54,416,000Source |
| Operating ExpensesUSD | — | — | 211,127,000Source | 124,260,000Source | 254,486,000Source | 576,718,000Source | 242,350,000Source | 137,986,000Source | 1,179,426,000Source | 491,731,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 993,000Source | -50,000Source | 308,000Source | 530,000Source | 575,000Source | 451,000Source | 2,629,000Source | 1,765,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | — | — | 1,472,000Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 14,412,000Source | 642,000Source | 51,759,000Source | 1,614,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | 0Source | -84,000Source | -49,000Source | 840,000Source |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | —Source | — | — | — | — |
| Derivative, Gain (Loss) on Derivative, Net | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 739,759,000Source | 445,762,000Source | 701,315,000Source | 658,078,000Source | 694,133,000Source | 578,573,000Source | 2,746,642,000Source | 1,676,253,000Source |
| Operating Income (Loss)USD | — | — | 81,020,000Source | 63,799,000Source | 34,359,000Source | -325,582,000Source | 45,002,000Source | 92,940,000Source | -96,435,000Source | 167,158,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 993,000Source | -50,000Source | 308,000Source | 530,000Source | 575,000Source | 451,000Source | 2,629,000Source | 1,765,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 153,091,000Source | 86,164,000Source | 52,306,000Source | -486,003,000Source | 56,685,000Source | 89,837,000Source | -102,893,000Source | 221,574,000Source |
| Income Tax Expense (Benefit)USD | — | — | -61,294,000Source | 15,168,000Source | 4,092,000Source | -3,903,000Source | 1,439,000Source | 25,046,000Source | -33,375,000Source | 64,583,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | -7,000Source | 0Source | -7,000Source | 0Source | -10,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 214,385,000Source | 70,996,000Source | 48,221,000Source | -482,100,000Source | 55,253,000Source | 64,791,000Source | -69,508,000Source | 155,667,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.93Source | 0Source | 0.19Source | -4.48Source | 0.23Source | 0Source | -0.44Source | 0.33Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.64Source | 0Source | 0.18Source | -4.48Source | 0.21Source | 0Source | -0.44Source | 0.3Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 229,895,000Source | 54,553,000Source | 248,183,000Source | 107,514,000Source | 244,038,000Source | 57,966,000Source | 158,699,000Source | 54,413,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 266,682,000Source | 73,125,000Source | 268,637,000Source | 107,514,000Source | 266,687,000Source | 75,650,000Source | 158,699,000Source | 73,042,000Source |
| Interest Expense (non-operating)USD | — | — | 354,000Source | 548,000Source | 64,000Source | 344,000Source | 38,000Source | 335,000Source | 1,226,000Source | 1,906,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Intangible AssetsUSD | — | — | 22,030,000Source | 12,650,000Source | 28,879,000Source | 13,622,000Source | 25,772,000Source | 13,466,000Source | 73,664,000Source | 48,982,000Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | — | — | 1,767,000Source | 1,341,000Source | — | 5,233,000Source | -3,576,000Source | -8,263,000Source | 23,811,000Source | 8,560,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -31,103,000Source | 68,391,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 23,002,000Source | 13,122,000Source | 29,896,000Source | 14,209,000Source | 26,767,000Source | 13,880,000Source | 76,627,000Source | 50,854,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | — | — | — | 5,394,000Source | -900,000Source | -7,790,000Source | 565,000Source |
| General and Administrative ExpenseUSD | — | — | 45,477,000Source | 33,337,000Source | 66,273,000Source | 43,140,000Source | 57,261,000Source | 30,684,000Source | 190,272,000Source | 137,283,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -165,134,000Source | 241,476,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | 48,214,000Source | -482,100,000Source | 55,246,000Source | 64,791,000Source | -69,518,000Source | 156,991,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | — | — | — | — | — | — | -0.44Source | 0.33Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | — | — | — | — | — | — | -0.44Source | 0.3Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 0Source | -1,324,000Source |
| Labor and Related ExpenseUSD | — | — | 129,295,000Source | 65,269,000Source | 133,999,000Source | 503,392,000Source | 138,127,000Source | 75,620,000Source | 844,878,000Source | 263,410,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 214,385,000Source | 0Source | 48,221,000Source | -482,100,000Source | 55,253,000Source | 0Source | -69,508,000Source | 18,109,000Source |
| Nonoperating Income (Expense)USD | — | — | 72,071,000Source | 22,365,000Source | 17,947,000Source | -160,421,000Source | 11,683,000Source | -3,103,000Source | -6,458,000Source | 54,416,000Source |
| Operating ExpensesUSD | — | — | 211,127,000Source | 124,260,000Source | 254,486,000Source | 576,718,000Source | 242,350,000Source | 137,986,000Source | 1,179,426,000Source | 491,731,000Source |
| Other Cost of Operating RevenueUSD | — | — | 413,000Source | 281,000Source | 2,056,000Source | 470,000Source | 1,379,000Source | 335,000Source | 2,102,000Source | 6,553,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 0Source | 70,996,000Source | — | 0Source | 0Source | 64,791,000Source | 0Source | 91,044,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | 0Source | 0Source | — | — | — | — | 0Source | 46,514,000Source |
Offerings
Registration 333-298021
Registration 333-289531
- Gross proceeds
- 1300000000.0
- Net proceeds
- 1016600000.0
- Deal price
- 130.0
- Shares
- 10000000
- Offering price
- $130.00
- Ticker
- CRCL
Registration 333-286310
- Gross proceeds
- 1054000000.0
- Net proceeds
- 562464000.0
- Deal price
- 31.0
- Shares
- 34000000
- Offering price
- $31.00
- Ticker
- CRCL
Filing attachments
d149697dex45.htm · S-3ASR · 2026-08-05
Exhibit 4.5 CIRCLE INTERNET GROUP, INC. INDENTURE Dated as of ___________, 20___ The Bank of New York Mellon, as Trustee TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE 2 Section 1.01. Definitions …
Read attachment ↗d737521dex107.htm · S-1 · 2025-04-01
EX-10.7 10 d737521dex107.htm EX-10.7 EX-10.7 Exhibit 10.7 February 1, 2025 Dear Heath, I am pleased to notify you that we are updating your employment with Circle Internet Financial, LLC (“Circle” or the “Company”) to the role of President & Chief Legal Officer reporting to Jeremy Allaire, Co-Founder, Chairman, and Chief Executive Officer, commencing full-time on January 1, 2025 (“Effective Date”). This position is full time and is classified as exempt under the Fair Labor Standards Act.…
Read attachment ↗