Circle Internet Group, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Circle Internet Group, Inc. reported revenue of $2.7B and net income of ($102.9M).
| Line item | Dec 31, 2025 · FY |
|---|---|
| Reserve income | $2.6B |
| Other revenue | $109.8M |
| Total revenue and reserve income | $2.7B |
| Distribution and transaction costs | $1.7B |
| Other costs | $2.1M |
| Total distribution, transaction and other costs | $1.7B |
| Compensation expenses | $844.9M |
| General and administrative expenses | $190.3M |
| Depreciation and amortization expenses | $76.6M |
| IT infrastructure costs | $36.6M |
| Marketing expenses | $25.7M |
| Gain on sale of intangible assets | $0 |
| Digital assets losses (gains) | $5.3M |
| Total operating expenses | $1.2B |
| Operating income (loss) from continuing operations | ($96.4M) |
| Other income (expense), net | ($6.5M) |
| Net income (loss) from continuing operations before income taxes | ($102.9M) |
| Income tax expense (benefit) | ($33.4M) |
| Net income (loss) from continuing operations | ($69.5M) |
| Loss from operations of discontinued businesses | $0 |
| Net income (loss) attributable to common stockholders | ($69.5M) |
| Less: Net loss attributable to noncontrolling interests | ($10.0K) |
| Net income | ($69.5M) |
| Basic earnings (loss) per common share (in dollars per share) | -$0.44 |
| Continuing operations (in dollars per share) | -$0.44 |
| Discontinued operations (in dollars per share) | $0.00 |
| Diluted earnings (loss) per common share (in dollars per share) | -$0.44 |
| Basic (in shares) | 158.7M |
| Diluted (in shares) | 158.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Reserve income | $667.7M | $652.5M | $711.2M | $634.3M |
| Other revenue | $33.6M | $41.6M | $28.5M | $23.8M |
| Total revenue and reserve income | $701.3M | $694.1M | $739.8M | $658.1M |
| Distribution and transaction costs | $410.4M | $405.4M | $447.2M | $406.5M |
| Other costs | $2.1M | $1.4M | $413.0K | $470.0K |
| Total distribution, transaction and other costs | $412.5M | $406.8M | $447.6M | $406.9M |
| Compensation expenses | $134.0M | $138.1M | $129.3M | $503.4M |
| General and administrative expenses | $66.3M | $57.3M | $45.5M | $43.1M |
| Depreciation and amortization expenses | $29.9M | $26.8M | $23.0M | $14.2M |
| IT infrastructure costs | $16.4M | $12.7M | $9.4M | $8.8M |
| Marketing expenses | $8.7M | $6.6M | $5.6M | $7.9M |
| Digital assets losses (gains) | ($698.0K) | $856.0K | ($1.7M) | ($693.0K) |
| Total operating expenses | $254.5M | $242.3M | $211.1M | $576.7M |
| Operating income (loss) from continuing operations | $34.4M | $45.0M | $81.0M | ($325.6M) |
| Other income (expense), net | $17.9M | $11.7M | $72.1M | ($160.4M) |
| Net income (loss) from continuing operations before income taxes | $52.3M | $56.7M | $153.1M | ($486.0M) |
| Income tax expense (benefit) | $4.1M | $1.4M | ($61.3M) | ($3.9M) |
| Net income (loss) from continuing operations | $48.2M | $55.2M | — | — |
| Less: Net loss attributable to noncontrolling interests | ($7.0K) | ($7.0K) | — | — |
| Net income (loss) attributable to common stockholders | $48.2M | $55.3M | $214.4M | ($482.1M) |
| Basic (in dollars per share) | $0.19 | $0.23 | $0.93 | -$4.48 |
| Diluted (in dollars per share) | $0.18 | $0.21 | $0.64 | -$4.48 |
| Basic (in shares) | 248.2M | 244.0M | 229.9M | 107.5M |
| Diluted (in shares) | 268.6M | 266.7M | 266.7M | 107.5M |
| Line item | Dec 31, 2025 · FY |
|---|---|
| Cash and cash equivalents | $1.5B |
| Cash and cash equivalents segregated for corporate-held stablecoins | $823.0M |
| Cash and cash equivalents segregated for the benefit of stablecoin holders | $75.1B |
| Accounts receivable, net | $62.9M |
| Stablecoins receivable, net | $0 |
| Prepaid expenses and other current assets | $321.7M |
| Total current assets | $77.8B |
| Restricted cash | $2.8M |
| Investments | $84.3M |
| Fixed assets, net | $22.8M |
| Digital assets | $86.5M |
| Goodwill | $265.7M |
| Intangible assets, net | $411.1M |
| Deferred tax assets, net | $11.1M |
| Other non-current assets | $27.4M |
| Total assets | $78.7B |
| Deposits from stablecoin holders | $74.9B |
| Accounts payable and accrued expenses | $360.6M |
| Convertible debt, net of debt discount | $36.8M |
| Other current liabilities | $18.4M |
| Total current liabilities | $75.3B |
| Convertible debt, net of debt discount | $0 |
| Deferred tax liabilities, net | $28.7M |
| Warrant liability | $0 |
| Other non-current liabilities | $25.3M |
| Total non-current liabilities | $54.0M |
| Total liabilities | $75.4B |
| Redeemable convertible preferred stock ($0.0001 par value, nil and 139.8 million shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively; aggregate liquidation preference of nil and $1.1 billion as of December 31, 2025 and December 31, 2024, respectively) | 0 |
| Common stock, value, issued | $26.0K |
| Treasury stock at cost (4.7 million and 5.0 million shares held as of December 31, 2025 and December 31, 2024, respectively) | -2.7M |
| Additional paid-in capital | $4.6B |
| Accumulated deficit | ($1.3B) |
| Accumulated other comprehensive income | $14.5M |
| Total stockholders' equity attributable to common stockholders | $3.3B |
| Noncontrolling interests | $1.4M |
| Total stockholders’ equity | $3.3B |
| Total liabilities, redeemable convertible preferred stock and stockholders’ equity | $78.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7B | $1.5B | $1.3B | $1.1B |
| Cash and cash equivalents segregated for corporate-held stablecoins | $889.3M | $792.7M | $837.1M | $588.3M |
| Cash and cash equivalents segregated for the benefit of stablecoin holders | $73.2B | $76.9B | $73.4B | $61.4B |
| Accounts receivable, net | $105.4M | $72.2M | $22.2M | $13.2M |
| Prepaid expenses and other current assets | $283.6M | $326.8M | $321.3M | $216.6M |
| Total current assets | $76.2B | $79.6B | $75.9B | $63.3B |
| Restricted cash | $12.8M | $2.8M | $3.2M | $3.2M |
| Investments | $103.8M | $100.1M | $81.8M | $83.8M |
| Fixed assets, net | $22.2M | $22.5M | $23.5M | $23.8M |
| Digital assets | $106.5M | $84.2M | $51.5M | $35.1M |
| Goodwill | $265.7M | $265.7M | $266.4M | $266.4M |
| Intangible assets, net | $446.6M | $421.0M | $412.0M | $397.0M |
| Deferred tax assets, net | $11.4M | $11.3M | $13.4M | $17.5M |
| Other non-current assets | $26.9M | $26.5M | $25.8M | $24.6M |
| Total assets | $77.2B | $80.5B | $76.8B | $64.2B |
| Deposits from stablecoin holders | $72.9B | $76.8B | $73.3B | $61.1B |
| Accounts payable and accrued expenses | $418.6M | $262.2M | $269.0M | $411.6M |
| Convertible debt, net of debt discount | $0 | $0 | $149.1M | $206.1M |
| Other current liabilities | $256.0M | $14.6M | $16.6M | $11.2M |
| Total current liabilities | $73.6B | $77.1B | $73.7B | $61.7B |
| Deferred tax liabilities, net | $28.5M | $28.1M | $31.3M | $31.8M |
| Other non-current liabilities | $24.8M | $24.7M | $24.6M | $20.4M |
| Total liabilities | $73.7B | $77.1B | $73.8B | $61.8B |
| Common stock, value, issued | $27.0K | $27.0K | $25.0K | $25.0K |
| Treasury stock at cost (4.6 million and 4.7 million shares held as of June 30, 2026 and December 31, 2025, respectively) | -2.6M | -2.7M | -2.9M | -2.9M |
| Additional paid-in capital | $4.7B | $4.7B | $4.4B | $4.0B |
| Accumulated deficit | ($1.2B) | ($1.2B) | ($1.4B) | ($1.6B) |
| Accumulated other comprehensive income | $6.4M | $8.4M | $14.7M | $15.4M |
| Total stockholders' equity attributable to common stockholders | $3.5B | $3.4B | $3.0B | $2.4B |
| Noncontrolling interests | $1.4M | $1.4M | — | — |
| Total stockholders’ equity | $3.5B | $3.4B | — | — |
| Total liabilities and stockholders’ equity | $77.2B | $80.5B | $76.8B | $64.2B |
| Common stock, shares authorized (in shares) | 3.5B | — | — | — |
| Common stock, shares, outstanding (in shares) | 252.2M | — | — | — |
| Line item | Dec 31, 2025 · FY |
|---|---|
| Net income (loss) | ($69.5M) |
| Depreciation and amortization expense | $76.6M |
| Accretion of premium on available-for-sale debt securities | $0 |
| Realized and unrealized losses (gains) on digital assets | ($18.2M) |
| Change in fair value of convertible debt, warrant liability, and embedded derivatives | $71.4M |
| Digital assets received for services | ($28.6M) |
| Equity securities received for services | ($3.3M) |
| Deferred taxes | ($2.2M) |
| Realized and unrealized losses (gains) on available-for-sale debt securities and strategic investments | ($294.0K) |
| (Gains) losses on sale of long-lived assets | $22.0K |
| Foreign currency remeasurement losses (gains) | $7.8M |
| Stock-based compensation | $566.2M |
| Provision for warrants in common stock | $23.6M |
| Charitable contributions to Circle Foundation | $23.1M |
| Other non-cash items | $4.9M |
| Accounts receivable | ($39.4M) |
| Prepaid expenses and other current assets | ($146.5M) |
| Accounts payable and accrued expenses | $81.2M |
| Other current liabilities | ($4.9M) |
| Net cash provided by operating activities | $542.1M |
| Purchase of available-for-sale debt securities | $0 |
| Sale and maturities of available-for-sale securities | $0 |
| Cash acquired from acquisition of equity method affiliate | $0 |
| Sale and return of investments | $1.4M |
| Purchase of investments | ($9.3M) |
| Business combinations, net of cash acquired | ($7.7M) |
| Proceeds from sale of digital assets | $196.0K |
| Capitalization of software development costs | ($56.2M) |
| Purchase of long-lived assets | ($12.4M) |
| Net cash (used in) provided by investing activities | ($84.0M) |
| Net changes in deposits held for stablecoin holders | $31.1B |
| Purchase of treasury stock | $0 |
| Proceeds from issuance of common stock in connection with initial public offering and follow-on public offering, net of underwriting discounts and commissions and offering costs | $1.0B |
| Payment of withholding taxes on settlement of restricted stock units | ($269.7M) |
| Capital contribution from noncontrolling interest | $1.5M |
| Capitalized transaction costs | $0 |
| Proceeds from exercise of stock options | $51.8M |
| Net cash provided by (used in) financing activities | $31.9B |
| Effect of exchange rate changes on cash and cash equivalents, restricted and segregated cash | $57.7M |
| Unrealized gains (losses) on available-for-sale debt securities classified as cash equivalents, net of tax | $0 |
| Net increase (decrease) in cash and cash equivalents, restricted and segregated cash | $32.5B |
| Cash and cash equivalents, restricted and segregated cash at the beginning of the period | $45.0B |
| Cash and cash equivalents, restricted and segregated cash at the end of the period | $77.4B |
| Cash and cash equivalents | $1.5B |
| Restricted cash | $2.8M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) from continuing operations | $103.5M | $55.2M | — | — |
| Depreciation and amortization expense | $56.7M | $26.8M | $51.1M | $28.1M |
| Realized and unrealized losses (gains) on digital assets | $6.4M | $9.8M | $2.0M | $7.2M |
| Change in fair value of convertible debt, warrant liability, and embedded derivatives | $6.7M | $4.1M | $113.9M | $170.1M |
| Digital assets received for services | ($16.0M) | ($7.2M) | ($13.7M) | ($9.4M) |
| Equity securities received for services | ($10.0K) | ($29.0K) | ($3.3M) | ($3.8M) |
| Deferred taxes | $705.0K | $651.0K | ($2.5M) | ($5.8M) |
| Realized and unrealized losses (gains) on strategic investments | ($6.2M) | ($5.4M) | $3.2M | $1.4M |
| Losses on sale of long-lived assets | $0 | $0 | — | — |
| Stock-based compensation | $105.4M | $51.8M | $506.8M | $447.7M |
| Charitable contributions to Circle Foundation | $13.1M | $7.7M | — | — |
| Foreign currency remeasurement (gains) losses | ($7.1M) | ($5.4M) | $8.0M | $8.8M |
| Provision for warrants in common stock | $9.2M | $4.7M | $13.8M | $5.6M |
| Other non-cash items | $3.6M | $2.6M | $3.5M | $2.3M |
| Accounts receivable, net | ($24.5M) | ($12.6M) | ($19.2M) | ($8.6M) |
| Prepaid expenses and other current assets | $39.0M | ($4.6M) | ($145.2M) | ($42.1M) |
| Accounts payable and accrued expenses | $31.9M | ($101.4M) | ($12.9M) | $124.0M |
| Other current liabilities | $216.1M | ($5.6M) | ($9.5M) | ($4.3M) |
| Net cash provided by operating activities | $538.5M | $21.1M | $293.0M | $303.7M |
| Sale and return of investments | $679.0K | $556.0K | $885.0K | $194.0K |
| Purchase of investments | ($11.7M) | ($10.8M) | ($7.7M) | ($6.4M) |
| Business combinations, net of cash acquired | $0 | $0 | ($7.7M) | ($7.7M) |
| Proceeds from sale of digital assets | $0 | $0 | $79.0K | $79.0K |
| Capitalization of software development costs | ($35.8M) | ($15.6M) | ($40.5M) | ($24.9M) |
| Purchase of long-lived assets | ($10.4M) | ($9.4M) | ($11.5M) | ($7.4M) |
| Net cash used in investing activities | ($57.2M) | ($35.2M) | ($66.5M) | ($46.1M) |
| Net changes in deposits held for stablecoin holders | ($2.0B) | $1.9B | $29.5B | $17.3B |
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs | $0 | — | $1.0B | $572.6M |
| Payment of withholding taxes on settlement of restricted stock units | ($149.5M) | ($80.2M) | ($213.9M) | ($121.8M) |
| Proceeds received from Employee Stock Purchase Plan | $4.5M | $1.0M | — | — |
| Payment of deferred offering costs | ($365.0K) | ($365.0K) | — | — |
| Proceeds from exercise of stock options | $41.6M | $14.4M | $16.3M | $6.8M |
| Net cash (used in) provided by financing activities | ($2.1B) | $1.8B | $30.3B | $17.8B |
| Effect of exchange rate changes on cash and cash equivalents, restricted and segregated cash | $7.6M | $9.5M | $53.1M | $53.2M |
| Net (decrease) increase in cash and cash equivalents, restricted and segregated cash | ($1.6B) | $1.8B | $30.6B | $18.1B |
| Cash and cash equivalents, restricted and segregated cash at the beginning of the period | $77.4B | $77.4B | $45.0B | $45.0B |
| Cash and cash equivalents, restricted and segregated cash at the end of the period | $75.8B | $79.2B | $75.6B | $63.1B |
| Cash and cash equivalents | $1.7B | $1.5B | $1.3B | $1.1B |
| Restricted cash | $12.8M | $2.8M | $3.2M | $3.2M |
| Cash and cash equivalents segregated for corporate-held stablecoins | $889.3M | $792.7M | $837.1M | $588.3M |
| Cash and cash equivalents segregated for the benefit of stablecoin holders | $73.2B | $76.9B | $73.4B | $61.4B |
| Total cash and cash equivalents, restricted and segregated cash | $75.8B | $79.2B | $75.6B | $63.1B |
| Cash paid for income taxes, net of refunds | ($10.8M) | $1.3M | $13.8M | $13.5M |
| Cash paid for interest | $216.0K | $216.0K | $180.0K | $180.0K |
| Capitalized stock-based compensation expense related to internally developed software | $23.2M | $9.4M | $77.6M | $68.3M |
Circle Internet Group, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.