The financials
Circle Internet Group by the numbers
Circle Internet Group (CRCL) reported revenue of $694M in Q1 2026 (quarter ended March 31, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of 100% and net income of $55M (8.0% of revenue). For the full year FY2025, revenue was $2.75B (+64% year on year) and net income −$70M. Its largest product in 2026-Q1 was Subscription And Services at $35M, 84% of the disclosed total, just ahead of Transaction at 16%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $694M | $579M | +20% |
| Gross profit | $693M | $578M | +20% |
| Operating income | $45M | $93M | −52% |
| Net income | $55M | $65M | −15% |
| Diluted EPS | $0.21 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Subscription And Services | $35M | 84% |
| Transaction | $6.7M | 16% |
| Other Services | $34K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $41.6M (+46%)
Transaction grew +136% year on yearOther Services -90% year on year
Segment Latestquarter on quarteryear on year
- Subscription And Services$34.9M$34.9MQoQ -year on year +99%-+99%
- Transaction$6.7M$6.7MQoQ -year on year +136%-+136%
- Other Services$34.0K$34.0KQoQ -87%year on year -90%-87%-90%
- Subscription And Services--QoQ -year on year ---
- Transaction Services--QoQ -year on year ---
Capital Markets
Ranks #40 of 40 by Smart Score