Financials in USD. Standardized financial statements.
A compact view of how Circle Internet Group turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue? | $2.75B | $1.68B | $1.45B | $772.05M | $84.88M | $15.44M |
| Revenue Growth? | +63.9% | +15.6% | +87.9% | +809.6% | +449.7% | 0.0% |
| Cost of Revenue? | $2.51B | $1.28B | $1.02B | $522.32M | $110.79M | $22.54M |
| Gross Profit? | $238.11M | $395.48M | $426.69M | $249.74M | -$25.91M | -$7.10M |
| Gross Margin? | +8.7% | +23.6% | +29.4% | +32.3% | -30.5% | -46.0% |
| Operating Expenses? | $329.25M | $228.32M | $157.16M | $287.85M | $60.18M | $23.79M |
| Operating Income? | -$91.14M | $167.16M | $269.53M | -$38.12M | -$86.10M | -$30.89M |
| EBITDA? | -$25.04M | $274.33M | $355.75M | -$742.55M | -$495.14M | -$9.34M |
| Income Before Tax | -$102.89M | $221.57M | $318.95M | -$758.51M | -$503.86M | -$17.20M |
| Income Tax Expense | -$33.38M | $64.58M | $47.40M | $3.26M | $4.85M | $115,000 |
| Net Income? | -$69.51M | $155.67M | $267.56M | -$768.85M | -$508.21M | $3.79M |
| EPS? | $-0.29 | $2.86 | $5.66 | $-16.48 | $-11.47 | $0.09 |
| Diluted EPS? | $-0.29 | $2.13 | $3.96 | $-16.48 | $-11.46 | $0.09 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality