Circle Internet Group, Inc. · Finance Services

CRCL

Moderate riskNext report: Around Nov 11 (est.)

View price ↗

The short version

A company still losing money with steady sales. Institutions are adding.

Going well

Sales up 64% last year

Watch out for

Losing money

Money moves

Insiders sold $9.3M in the last 30 days, all through pre-planned sales
Institutions added 11% to their holdings in the quarter ending June 2026 (372 bought, 239 sold)
Held by Cathie Wood (ARK Invest)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$79.78-7.1% that day

Company value: $21.4B; Share price times all shares
Price vs profit (P/E): 37.6x; You pay about $38 for each $1 of yearly profit
Price vs sales: 7.4x; Company value is 7.4 times a year of sales
Cash vs value: 8%; Cash as a share of company value

From CRCL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 10 quarters, from SEC filings

Sales, Jun '26

$701.3M+6.6% vs a year earlier

Mar '24Tap a barJun '26

Last 12 months: $2.9B, up 37% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CRCL. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +37% a yearProfit margin16%Last 12 months: 15.5%P/E at the end38xToday: 37.6x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$10.8B

Profit in 5 years$1.7B

Price these guesses point to$244.16+206% vs $79.78 todayAbout +25% a year, before dividends

What today's price needs: with a 16% margin and a 38x P/E, sales would have to grow about 3.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/3Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-3.6%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-2.5%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$529.7M

Revenue: $2.7B; +63.9% vs prior year
Free cash flow: $529.7M; 19.3% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: debt under half of equity, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $701.3M; +6.6% YoY
EPS: $0.18; vs -$4.48
Op. margin: 4.9%; +54.4 pts
Free cash flow: $516.4M
Share count: +149.9%; vs a year ago

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $9.3M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

28/ 100

This week: 2
Normal week: 5.0
vs normal: 0.4x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+10.5%

Institutions added 10.5% to their holdings. 372 bought, 239 sold. 2 quarters of net buying in a row.

Shares held by institutions132.5M

Sep '24Jun '26

Safety check

From SEC filings

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

269M

Why moderate risk

Losing money
1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 5

Next reportAround Nov 11 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 11
Results filedFeb 25
Results filedNov 12, 2025
Results filedAug 12, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Major agreementSep 8 · View filing ↗Offering 5%+ holder update (passive)Aug 11 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$9.3M5 insiders, 6 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Jeremy Fox-geenChief Financial Officer	Sell	15K	$90.00	$1.4M	303K	Oct 21Filing ↗
-4.7% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Nikhil ChandhokChief Product & Tech. Officer	Sell	27K	$79.59	$2.1M	715K	Oct 8Filing ↗
-3.6% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
Jeremy AllaireChairman and CEO	Sell	62K	$83.59	$5.2M	59K	Oct 5Filing ↗
-51.4% of their holdings $82.75 to $85.24 across 20 trades Held via Spruce Trust Pre-planned sale (10b5-1) Also Director Filed 2 days after
Jeremy Fox-geenChief Financial Officer	Sell	4K	$85.78	$364K	303K	Oct 2Filing ↗
-1.4% of their holdings Pre-planned sale (10b5-1) Filed 3 days after
Hossein RazzaghiChief Commercial Officer	Sell	2K	$85.78	$157K	641K	Oct 2Filing ↗
-0.3% of their holdings Pre-planned sale (10b5-1) Filed 3 days after
Tamara L SchulzChief Accounting Officer	Sell	1K	$85.78	$102K	94K	Oct 2Filing ↗
-1.3% of their holdings Pre-planned sale (10b5-1) Filed 3 days after