Circle Internet (CRCL) Enterprise Value (2023 - 2026)
Circle Internet (CRCL) posted quarterly Enterprise Value of -$1.5 billion for Q1 2026, down 78.63% year-over-year from -$7.1 billion in Q1 2025, and up 0.57% quarter-over-quarter from -$1.5 billion in Q4 2025.
Circle Internet (CRCL) Enterprise Value (2023 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported Enterprise Value for 4 consecutive years, with -$1.5 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Enterprise Value fell 78.63% year-over-year to -$1.5 billion; the TTM figure through Mar 2026 stood at -$1.5 billion (down 78.63% YoY), while the FY2025 annual figure was -$1.5 billion, down 103.01% from the prior year.
- Enterprise Value rose to -$1.5 billion in Q1 2026 per CRCL's latest filing, from -$1.5 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$368.6 million in Q4 2023 and bottomed at -$1.5 billion in Q4 2025.
- Historically, Enterprise Value has averaged -$945.6 million across 4 years, with a median of -$848.6 million in 2025.
- Annual changes were most pronounced in 2025 — Enterprise Value slumped 144.42% — and 2026, when it sank 78.63%.
- Circle Internet's Enterprise Value stood at -$368.6 million in 2023, then slumped by 103.73% to -$751.0 million in 2024, then slumped by 103.01% to -$1.5 billion in 2025, then gained by 0.57% to -$1.5 billion in 2026.
- Business Quant data shows CRCL's Enterprise Value at -$1.5 billion in Q1 2026, -$1.5 billion in Q4 2025, and -$1.3 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -160.14 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | -976.35 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | -84.75 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -15.88 Bn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | -17.32 Bn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -2.21 Bn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | -1.52 Mn |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | -42.82 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | -2.70 Bn |
| 10 | Circle Internet | 14.80 Bn | 13.28 Bn | 40.25 Mn | -1.52 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.52 Bn |
| Dec 31, 2025 | -1.52 Bn |
| Sep 30, 2025 | -1.35 Bn |
| Jun 30, 2025 | -1.12 Bn |
| Mar 31, 2025 | -848.61 Mn |
| Dec 31, 2024 | -750.98 Mn |
| Sep 30, 2024 | -577.28 Mn |
| Jun 30, 2024 | -457.46 Mn |
| Dec 31, 2023 | -368.62 Mn |