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
DateValue
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