Circle Internet (CRCL) Enterprise Value (2025 - 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.
Analysis
Circle Internet (CRCL) Enterprise Value (2025 - 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 329.44 Bn | 169.31 Bn | - |
| 2 | Goldman Sachs | 300.90 Bn | -675.44 Bn | - |
| 3 | Schwab Charles | 188.46 Bn | 114.86 Bn | - |
| 4 | Robinhood Markets | 95.87 Bn | 78.49 Bn | 1.20 Bn |
| 5 | Interactive Brokers | 39.89 Bn | -24.41 Bn | - |
| 6 | LPL Financial Holdings | 28.30 Bn | 25.60 Bn | - |
| 7 | Circle Internet | 22.04 Bn | 20.31 Bn | 288.85 Mn |
| 8 | Tradeweb Markets | 22.00 Bn | 19.94 Bn | - |
| 9 | Futu Holdings | 16.48 Bn | -19,683,684.71 Bn | 792.50 Mn |
| 10 | UP Fintech Holding | 12.74 Bn | 12.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.90 Bn |
| Mar 31, 2026 | 20.32 Bn |
| Dec 31, 2025 | 18.05 Bn |
| Sep 30, 2025 | 27.18 Bn |
| Jun 30, 2025 | 40.48 Bn |