Circle Internet (CRCL) EBITDA (2024 - 2026)

Circle Internet (CRCL) reported EBITDA of $46.0 million for Q1 2026, down 50.72% year-over-year from $93.3 million in Q1 2025, and down 18.13% quarter-over-quarter from $56.2 million in Q4 2025.

Circle Internet (CRCL) EBITDA (2024 - 2026) Analysis & Trends

Circle Internet (CRCL) has 3 years of EBITDA data on file, last reported at $46.0 million in Q1 2026.

  • EBITDA for Q1 2026 came in at $46.0 million, down 50.72% year-over-year; the trailing twelve-month figure through Mar 2026 was -$140.8 million (down 167.14% YoY), and the FY2025 annual result was -$93.4 million, down 155.27% from the prior year.
  • EBITDA slipped to $46.0 million in Q1 2026 per CRCL's latest filing, from $56.2 million in the prior quarter.
  • Over five years, EBITDA peaked at $93.3 million in Q1 2025 and troughed at -$325.0 million in Q2 2025.
  • A 3-year average of $8.6 million and a median of $53.5 million in 2024 frame the typical range for EBITDA.
  • On a YoY basis, EBITDA climbed as much as 4242.12% in 2025 and fell as far as 740.41% in 2025.
  • A 3-year view of EBITDA shows it stood at $1.3 million in 2024, then jumped by 4242.12% to $56.2 million in 2025, then declined by 18.13% to $46.0 million in 2026.
  • Business Quant data shows CRCL's EBITDA at $46.0 million in Q1 2026, $56.2 million in Q4 2025, and $82.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -35.15 Mn
2 Morgan Stanley 349.82 Bn 216.29 Bn - 19.58 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 23.57 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 4.01 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 304.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 246.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 584.88 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 294.45 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -254.94 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 46.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 46.00 Mn
Dec 31, 2025 56.19 Mn
Sep 30, 2025 82.02 Mn
Jun 30, 2025 -324.98 Mn
Mar 31, 2025 93.34 Mn
Dec 31, 2024 1.29 Mn
Sep 30, 2024 64.30 Mn
Jun 30, 2024 50.75 Mn