Circle Internet Group, Inc.(CRCL)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Circle Internet Group, Inc. (CRCL) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CRCL at 67.5/100 on a 32-signal composite quality model, placing it at rank #357 of 2,961 stocks — the top 25% of the AI-ranked universe. CRCL scores in the top quartile across institutional flow (86.3), free cash flow (80.0), profitability (79.8). Areas of concern include balance sheet strength (38.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Circle Internet Group, Inc. reports quarterly revenue of $701.3M, net income of $48.2M, free cash flow of $516.4M. Top institutional holders of CRCL by reported 13-F value include IDG China Capital Fund III Associates L.P., BlackRock, MORGAN STANLEY, based on the most recent SEC filings. CRCL trades on the NYSE exchange and files with the SEC under CIK 1876042. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CRCL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Circle Internet Group, Inc. directly from SEC EDGAR.
AI Quality Score
67.5/100
AI Rank
#357
Revenue
$701.3M
Net Income
$48.2M
Free Cash Flow
$516.4M
CRCL key financials by period
Circle Internet Group, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$2.7B
$-69.5M
-3.5%
FY 2024
10-K
$1.7B
$155.7M
10.0%
FY 2023
10-K
$1.5B
$267.6M
18.6%
Institutions holding CRCL
Institutional investors reporting a position in Circle Internet Group, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Circle's Q2 2026 revenue and reserve income rose 7% YoY to $701M as reserve income growth from higher USDC circulation offset a 66bp decline in yields, while net income swung to $48M from a $482M loss a year ago.
Biggest Revenue Drivers
Reserve income$667.7M+5.3% YoY
25.2% increase in average daily USDC in circulation, partly offset by a 66bp decline in average yields from Fed rate actions
Other revenue$33.6M+41.1% YoY
Driven by additional integration services performed and higher fund management and redemption fees
Biggest Revenue Drivers
Total revenue: $701.3M+7% YoY
Reserve income$667.7M+5.3% YoY
25.2% increase in average daily USDC in circulation, partly offset by a 66bp decline in average yields from Fed rate actions
Other revenue$33.6M+41.1% YoY
Driven by additional integration services performed and higher fund management and redemption fees
Within Other revenue
Subscription and services$28.2M
Transaction revenue$5.3M
Largest Expense Items
Distribution and transaction costs$410.4M+1.0% YoY
Increased activity with new and existing strategic distribution partnerships, partly offset by a lower Coinbase share of on-platform USDC
Compensation expenses$134.0M-73.4% YoY
Prior-year quarter included $423.8M of IPO-triggered RSU vesting expense; excluding that, comp rose on higher headcount and stock-based compensation
General and administrative expenses$66.3M+53.6% YoY
Higher legal, professional and consulting fees, travel/event costs, and contributions and donations
Depreciation and amortization$29.9M+110.4% YoY
Higher amortization of internally developed software and acquired intangible assets
Margins: RLDC margin (revenue less distribution costs) improved to 41% from 38% a year ago; Adjusted EBITDA grew 14% YoY to $143M, though Adjusted EBITDA margin held flat at 50% as the drag from a one-time prior-year IPO-related comp charge lapped out but new costs (G&A, D&A) rose.
Watch Items from the Filing
Reserve income remains 95.2% of total revenue, leaving Circle highly exposed to Fed rate cuts; a modeled -200bps rate move would cut reserve income by $1.475B annually.
Distribution costs paid to Coinbase were $324.6M for the quarter (about 46% of total distribution costs) under the Collaboration Agreement, a significant single-partner cost concentration.
USDC in circulation fell to $73.3B at quarter-end from $75.1B (YTD reserve balance), a $2.0B sequential decline, even as average USDC in circulation grew YoY.
Company launched an ARC Token presale in Q2 2026, raising ~$242.2M (deferred revenue) including $25.0M from IDG Capital, a >5% beneficial stockholder — a related-party transaction to monitor.
Ongoing litigation with a financial advisor demanding fees on IPO and follow-on offering proceeds; Circle disputes the claim and says the potential loss is not reasonably estimable.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
