Circle Internet (CRCL) EBITDA (2024 - 2026)

Circle Internet (CRCL) posted quarterly EBITDA of $46.0 million for Q1 2026, down 50.72% YoY from $93.3 million in Q1 2025, and down 18.13% sequentially from $56.2 million in Q4 2025.

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

Circle Internet has disclosed EBITDA across 3 years of filings, most recently posting $46.0 million for Q1 2026.

  • In Q1 2026, EBITDA fell 50.72% year-over-year to $46.0 million; the TTM figure through Mar 2026 stood at -$140.8 million (down 167.14% YoY), while the FY2025 annual figure was -$93.4 million, down 155.27% from the prior year.
  • EBITDA declined to $46.0 million in Q1 2026, from $56.2 million in the prior quarter.
  • Over the last five years, EBITDA for CRCL reached as high as $93.3 million in Q1 2025 and fell as low as -$325.0 million in Q2 2025.
  • The 3-year median for EBITDA is $53.5 million (2024), against an average of $8.6 million.
  • The widest YoY moves for EBITDA: up 4242.12% in 2025, down 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.
  • According to Business Quant data, EBITDA over the past three periods registered $46.0 million, $56.2 million, and $82.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 23.57 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 4.01 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 441.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 304.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 584.88 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 294.45 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 46.00 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.94 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 323.97 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