# CIRCLE INTERNET GROUP, INC. (CRCL) · Edgar & Edgarette company card

> Circle Internet Group (CRCL) grew revenue 63.9% in FY2025 to $2.7 billion, operating margin -3.5% against a -6.4% median for finance services, equity 4.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1876042 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/CRCL) · [JSON](https://www.pops4.com/boards/company/CRCL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $2.7B |
| Revenue growth, 1 year | 63.9% |
| Revenue growth per year | 37.6% |
| Operating margin | -3.5% (prior year 10.0%) |
| Net margin | -2.5% |
| Operating cash flow | $542M |
| Capital spending | $12M |
| Free cash flow | $530M |
| Cash | $1.5B |
| Long-term debt | — |
| Total assets | $78.7B |
| Total equity | $3.3B |
| Equity ÷ assets | 4.2% |
| Return on equity | -2.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · operating loss: a margin of -3.5% in FY2025
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $2.7B (FY2025). Experience: revenue up 63.9% on the year, up 37.6% a year over 2 years; operating margin -3.5%, down from 10.0%. Soundness: equity 4.2% of assets, return on equity -2.1%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $3.3B and $4.9B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin -3.5% against a -6.4% median; growth 63.9% against 16.8%.

Range logged 2026-09-20, receipt 1f9f0382dc836ae2, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-09-25 ([filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000279/0001876042-26-000279-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000311/0001876042-26-000311-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000309/0001876042-26-000309-index.htm)
- 8-K · filed 2026-09-25 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000279/0001876042-26-000279-index.htm)
- 8-K · filed 2026-09-22 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000276/0001876042-26-000276-index.htm)
- 8-K · filed 2026-09-08 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000267/0001876042-26-000267-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1876042/000187604226000248/0001876042-26-000248-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001876042.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1876042

## Cite

POPS4, Edgar & Edgarette: CIRCLE INTERNET GROUP, INC. (CRCL) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/CRCL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.