Circle Internet (CRCL) Cost of Revenue (2024 - 2026)

Circle Internet (CRCL) has reported Cost of Revenue for 3 consecutive years, with $412.5 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 1.36% year-over-year to $412.5 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 31.25% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 63.53% from the prior year.
• Cost of Revenue was $412.5 million for Q2 2026 at Circle Internet, up from $406.8 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $461.4 million in Q4 2025 and troughed at $248.4 million in Q2 2024.
• A 3-year average of $365.9 million and a median of $406.8 million in 2026 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 73.69% in 2025 and climbed 1.36% in 2026, its largest moves.
• Over 3 years, Cost of Revenue stood at $304.5 million in 2024, then surged by 51.52% to $461.4 million in 2025, then dropped by 10.61% to $412.5 million in 2026.
• The last three Cost of Revenue figures came in at $412.5 million (Q2 2026), $406.8 million (Q1 2026), and $461.4 million (Q4 2025), per Business Quant data.