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

Circle Internet (CRCL) has reported Cost of Revenue for 3 consecutive years, with $1.4 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 64.27% year-over-year to $1.4 million; the TTM figure through Mar 2026 stood at $15.8 million (down 2.53% YoY), while the FY2025 annual figure was $2.1 million, down 87.87% from the prior year.
• Cost of Revenue rose to $1.4 million in Q1 2026 per CRCL's latest filing, from $884000.0 in the prior quarter.
• Across five years, Cost of Revenue topped out at $7.9 million in Q2 2025 and bottomed at $884000.0 in Q4 2025.
• Historically, Cost of Revenue has averaged $4.0 million across 3 years, with a median of $4.1 million in 2024.
• On a YoY basis, Cost of Revenue climbed as much as 435.91% in 2025 and fell as far as 86.37% in 2025.
• Circle Internet's Cost of Revenue stood at $6.5 million in 2024, then plunged by 86.37% to $884000.0 in 2025, then surged by 56.0% to $1.4 million in 2026.
• Business Quant data shows CRCL's Cost of Revenue at $1.4 million in Q1 2026, $884000.0 in Q4 2025, and $5.6 million in Q3 2025.