Circle Internet (CRCL) Enterprise Value (2023 - 2026)
Circle Internet (CRCL) posted quarterly Enterprise Value of -$1.5 billion for Q1 2026, down 78.63% YoY from -$7.1 billion in Q1 2025, and up 0.57% sequentially from -$1.5 billion in Q4 2025.
Circle Internet (CRCL) Enterprise Value (2023 - 2026) Analysis & Trends
Circle Internet has disclosed Enterprise Value across 4 years of filings, most recently posting -$1.5 billion for 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 improved to -$1.5 billion in Q1 2026, from -$1.5 billion in the prior quarter.
- Over the last five years, Enterprise Value for CRCL reached as high as -$368.6 million in Q4 2023 and fell as low as -$1.5 billion in Q4 2025.
- The 4-year median for Enterprise Value is -$848.6 million (2025), against an average of -$945.6 million.
- Annual changes were most pronounced in 2025 — Enterprise Value plunged 144.42% — and 2026, when it tumbled 78.63%.
- A 4-year view of Enterprise Value shows it stood at -$368.6 million in 2023, then tumbled by 103.73% to -$751.0 million in 2024, then tumbled by 103.01% to -$1.5 billion in 2025, then rose by 0.57% to -$1.5 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$1.5 billion, -$1.5 billion, and -$1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -133.53 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -937.55 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -44.98 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -2.16 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | -4.64 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -1.02 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | -1.25 Bn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | -1.52 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -2.21 Bn |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | -1.71 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 |