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% on a QoQ basis from $56.2 million in Q4 2025.

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

  • Quarterly EBITDA fell 50.72% year-over-year to $46.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$140.8 million (down 167.14% YoY) and the FY2025 annual result came in at -$93.4 million, down 155.27% from the prior year.
  • EBITDA eased to $46.0 million in Q1 2026 per CRCL's latest filing, from $56.2 million in the prior quarter.
  • Across five years, EBITDA topped out at $93.3 million in Q1 2025 and bottomed at -$325.0 million in Q2 2025.
  • The 3-year median for EBITDA is $53.5 million (2024), against an average of $8.6 million.
  • Peak annual rise in EBITDA reached 4242.12% in 2025, while the deepest fall reached 740.41% in 2025.
  • Tracing CRCL's EBITDA over 3 years: stood at $1.3 million in 2024, then surged by 4242.12% to $56.2 million in 2025, then slipped by 18.13% to $46.0 million in 2026.
  • Per Business Quant, the three latest CRCL EBITDA figures stand at $46.0 million (Q1 2026), $56.2 million (Q4 2025), and $82.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 19.58 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 23.57 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 4.01 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 304.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 246.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 46.00 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 584.88 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -254.94 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 294.45 Mn
10 Hut 8 14.71 Bn 14.86 Bn 45.47 Mn -262.45 Mn

Historic Data

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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