The financials
Circle Internet Group by the numbers
Circle Internet Group (CRCL) reported revenue of $694M in Q1 2026 (quarter ended Mar 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 Jun 2026 was Subscription And Services at $28M, 84% of the disclosed total, well 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 | $28M | 84% |
| Transaction | $5.3M | 16% |
| Other Services | $96K | 0.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $33.6M (-19%)
Subscription And Services grew +58% year on yearOther Services -51% year on year
Segment Latestquarter on quarteryear on year
- Subscription And Services$28.2M$28.2MQoQ -19%year on year +58%-19%+58%
- Transaction$5.3M$5.3MQoQ -21%year on year -8.5%-21%-8.5%
- Other Services$96.0K$96.0KQoQ +182%year on year -51%+182%-51%
Capital Markets
Ranks #17 of 33 by Smart Score