Circle Internet (CRCL) Free Cash Flow (2024 - 2026)

Circle Internet (CRCL) posted quarterly Free Cash Flow of $11.7 million for Q1 2026, down 79.29% YoY from $56.6 million in Q1 2025, and down 94.27% sequentially from $204.4 million in Q4 2025.

Circle Internet (CRCL) Free Cash Flow (2024 - 2026) Analysis & Trends

Circle Internet has disclosed Free Cash Flow across 3 years of filings, most recently posting $11.7 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 79.29% year-over-year to $11.7 million; the TTM figure through Mar 2026 stood at $441.1 million (up 86.01% YoY), while the FY2025 annual figure was $485.9 million, up 59.07% from the prior year.
  • Free Cash Flow retreated to $11.7 million in Q1 2026, from $204.4 million in the prior quarter.
  • Over the last five years, Free Cash Flow for CRCL reached as high as $239.7 million in Q2 2025 and fell as low as -$14.7 million in Q3 2025.
  • The 3-year median for Free Cash Flow is $85.8 million (2024), against an average of $96.9 million.
  • The widest YoY moves for Free Cash Flow: up 115.75% in 2025, down 117.19% in 2025.
  • A 3-year view of Free Cash Flow shows it stood at $94.7 million in 2024, then jumped by 115.75% to $204.4 million in 2025, then sank by 94.27% to $11.7 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $11.7 million, $204.4 million, and -$14.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -7.85 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -32.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.20 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 2.03 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 124.64 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 103.58 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.72 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -1.15 Bn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn -228.97 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.72 Mn
Mar 31, 2026 11.72 Mn
Dec 31, 2025 204.38 Mn
Dec 31, 2025 204.38 Mn
Sep 30, 2025 -14.74 Mn
Sep 30, 2025 -14.74 Mn
Jun 30, 2025 239.70 Mn
Jun 30, 2025 239.70 Mn
Mar 31, 2025 56.59 Mn
Mar 31, 2025 56.59 Mn
Dec 31, 2024 94.73 Mn
Dec 31, 2024 94.73 Mn
Sep 30, 2024 85.79 Mn
Sep 30, 2024 85.79 Mn