CRCL - Circle Internet Group
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$124.63
DETAILS
HIGH:
$190.00
LOW:
$77.00
MEDIAN:
$120.50
CONSENSUS:
$124.63
UPSIDE:
10.18%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 2,746.6 | 1,676.3 | 1,450.5 | 772.1 | 84.9 | 15.4 |
| Cost of Revenue | 2,508.5 | 1,280.8 | 1,023.8 | 522.3 | 110.8 | 22.5 |
| Gross Profit | 238.1 | 395.5 | 426.7 | 249.7 | (25.9) | (7.1) |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 216.0 | 154.6 | 136.7 | 161.1 | 44.8 | 14.3 |
| Other Expenses | 113.3 | 73.7 | 20.5 | 126.7 | 15.4 | 9.5 |
| Operating Expenses | 329.3 | 228.3 | 157.2 | 287.9 | 60.2 | 23.8 |
| Operating Income | ||||||
| Operating Income | (91.1) | 167.2 | 269.5 | (38.1) | (86.1) | (30.9) |
| Interest Expense | 1.2 | 1.9 | 1.9 | 2.7 | 4.8 | 3.4 |
| Interest Income | 47.7 | 34.7 | 29.3 | 8.6 | 0 | 0 |
| Profitability | ||||||
| EBITDA | (25.0) | 274.3 | 355.7 | (742.5) | (495.1) | (9.3) |
| EBIT | (101.7) | 223.5 | 320.9 | (755.8) | (499.1) | (13.8) |
| Income Before Tax | (102.9) | 221.6 | 318.9 | (758.5) | (503.9) | (17.2) |
| Income Tax Expense | (33.4) | 64.6 | 47.4 | 3.3 | 4.9 | 0.1 |
| Net Income | (69.5) | 155.7 | 267.6 | (768.8) | (508.2) | 3.8 |
| Per Share Data | ||||||
| EPS (Basic) | -0.29 | 2.86 | 5.66 | -16.48 | -11.47 | 0.09 |
| EPS (Diluted) | -0.29 | 2.13 | 3.96 | -16.48 | -11.46 | 0.09 |
| Shares Outstanding | 242.3 | 54.4 | 47.3 | 46.7 | 44.3 | 44.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 77,416.9 | 751.0 | 368.6 | 36,657.9 | 161.6 | 26.4 |
| Short-Term Investments | 0 | 14.3 | 152.2 | 8,749.1 | 0 | 13.6 |
| Net Receivables | 62.9 | 160.8 | 151.3 | 104.2 | 182.0 | 8.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 321.7 | 44,223.3 | 24,626.6 | 725.6 | 43,212.0 | 4,092.4 |
| Total Current Assets | 77,801.5 | 45,164.9 | 25,313.1 | 46,246.9 | 43,572.2 | 4,142.9 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 22.8 | 18.7 | 4.2 | 7.2 | 1.2 | 0.4 |
| Goodwill | 265.7 | 169.5 | 169.5 | 169.5 | 24.0 | 24.0 |
| Intangible Assets | 411.1 | 331.4 | 327.4 | 47.9 | 248.7 | 8.1 |
| Long-Term Investments | 173.6 | 115.4 | 178.7 | 86.6 | 28.2 | 2.3 |
| Other Non-Current Assets | 27.4 | 24.2 | 3.6 | 1.6 | 22.0 | 3.0 |
| Total Non-Current Assets | 911.7 | 669.5 | 683.5 | 486.9 | 324.1 | 37.9 |
| Total Assets | 78,713.2 | 45,834.4 | 25,996.6 | 46,733.8 | 43,896.3 | 4,180.7 |
| Current Liabilities | ||||||
| Account Payables | 360.6 | 118.1 | 17.4 | 11.0 | 0 | 0 |
| Short-Term Debt | 36.8 | 0 | 1.6 | 1.9 | 24.0 | 12.5 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0.4 | 0.9 |
| Other Current Liabilities | 74,931.0 | 43,744.0 | 24,391.3 | 45,575.3 | 43,402.0 | 4,088.9 |
| Total Current Liabilities | 75,328.4 | 44,031.0 | 24,437.5 | 45,594.1 | 43,479.8 | 4,128.3 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0 | 40.7 | 58.5 | 78.3 | 904.1 | 44.7 |
| Deferred Tax Liabilities | 28.7 | 29.6 | 19.6 | 177.9 | 0 | 4.7 |
| Other Non-Current Liabilities | 25.3 | 1,162.6 | 10.1 | 2.7 | 280.6 | 289.1 |
| Total Non-Current Liabilities | 54.0 | 1,232.9 | 88.3 | 260.6 | 1,185.0 | 338.9 |
| Total Liabilities | 75,382.4 | 45,263.9 | 24,525.9 | 45,854.6 | 44,664.8 | 4,467.3 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,292.7) | (1,223.2) | (1,385.6) | (1,652.2) | (883.4) | (374.9) |
| Accumulated Other Comprehensive Income | 14.5 | 3.6 | 4.9 | 3.4 | 4.7 | (0.5) |
| Total Stockholders' Equity | 3,329.3 | 570.5 | 1,470.7 | 879.2 | (768.4) | (286.5) |
| Total Liabilities & Equity | 78,713.2 | 45,834.4 | 25,996.6 | 46,733.8 | 43,896.3 | 4,180.7 |
| Debt Metrics | ||||||
| Total Debt | 36.8 | 40.7 | 60.3 | 81.9 | 928.2 | 57.2 |
| Net Debt | (77,380.1) | (710.3) | (308.4) | (36,576.0) | 766.6 | 30.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (69.5) | 155.7 | 267.6 | (768.8) | (508.2) | 3.8 |
| Depreciation & Amortization | 76.6 | 50.9 | 34.9 | 13.3 | 3.9 | 4.5 |
| Stock-Based Compensation | 566.2 | 50.1 | 108.0 | 69.3 | 18.4 | 3.2 |
| Change in Working Capital | (109.5) | 117.4 | (172.5) | 170.9 | (6.2) | 14.1 |
| Other Non-Cash Items | 80.5 | (26.7) | (65.5) | 443.5 | 404.5 | (44.7) |
| Operating Cash Flow | 542.1 | 344.6 | 139.6 | (72.7) | (92.3) | (14.9) |
| Investing Activities | ||||||
| Capital Expenditure | (12.4) | (39.1) | (32.9) | (18.3) | (7.9) | (7.1) |
| Acquisitions | (7.7) | 0 | 1.6 | (42.5) | (9.3) | (11.7) |
| Purchases of Investments | (9.3) | (103.6) | (314.3) | (102,867.0) | (15,719.3) | 0 |
| Sales/Maturities of Investments | 1.1 | 347.1 | 8,856.0 | 94,442.2 | 15,702.5 | 0.8 |
| Other Investing Activities | (68.1) | (18.1) | (0.7) | (3.0) | (1.7) | 0.1 |
| Investing Cash Flow | (84.0) | 186.3 | 8,509.8 | (8,488.6) | (28.9) | (17.9) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 438.5 | 26.8 |
| Stock Repurchased | 0 | 0 | (8.7) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 30,871.5 | 19,448.3 | (20,321.1) | 2,177.2 | 38,283.0 | 3,499.5 |
| Financing Cash Flow | 31,936.4 | 19,449.9 | (20,329.9) | 2,578.2 | 38,722.0 | 3,526.9 |
| Cash Position | ||||||
| Net Change in Cash | 775.1 | 19,973.4 | (11,679.7) | (5,979.3) | 38,601.0 | 3,494.2 |
| Cash at Beginning | 751.0 | 24,994.2 | 36,673.8 | 42,653.1 | 4,052.1 | 557.9 |
| Cash at End | 1,526.0 | 44,967.6 | 24,994.2 | 36,673.8 | 42,653.1 | 4,052.1 |
| Free Cash Flow | 529.7 | 305.5 | 106.7 | (91.0) | (100.2) | (22.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2,746.6 | 1,676.3 | 1,450.5 | 772.1 | 84.9 | 15.4 |
| Gross Profit | 238.1 | 395.5 | 426.7 | 249.7 | (25.9) | (7.1) |
| Operating Income | (91.1) | 167.2 | 269.5 | (38.1) | (86.1) | (30.9) |
| Net Income | (69.5) | 155.7 | 267.6 | (768.8) | (508.2) | 3.8 |
| EPS (Diluted) | -0.29 | 2.13 | 3.96 | -16.48 | -11.46 | 0.09 |
| Balance Sheet | ||||||
| Cash & Equivalents | 77,416.9 | 751.0 | 368.6 | 36,657.9 | 161.6 | 26.4 |
| Total Assets | 78,713.2 | 45,834.4 | 25,996.6 | 46,733.8 | 43,896.3 | 4,180.7 |
| Total Debt | 36.8 | 40.7 | 60.3 | 81.9 | 928.2 | 57.2 |
| Stockholders' Equity | 3,329.3 | 570.5 | 1,470.7 | 879.2 | (768.4) | (286.5) |
| Cash Flow | ||||||
| Operating Cash Flow | 542.1 | 344.6 | 139.6 | (72.7) | (92.3) | (14.9) |
| Capital Expenditure | (12.4) | (39.1) | (32.9) | (18.3) | (7.9) | (7.1) |
| Free Cash Flow | 529.7 | 305.5 | 106.7 | (91.0) | (100.2) | (22.0) |