Circle Internet (CRCL) Free Cash Flow (2024 - 2026)
Circle Internet (CRCL) posted quarterly Free Cash Flow of $20.9 million for Q1 2026, down 53.52% year-over-year from $44.9 million in Q1 2025, and down 89.79% quarter-over-quarter from $204.4 million in Q4 2025.
Circle Internet (CRCL) Free Cash Flow (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported Free Cash Flow for 3 consecutive years, with $20.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 53.52% year-over-year to $20.9 million; the TTM figure through Mar 2026 stood at $461.9 million (up 89.81% YoY), while the FY2025 annual figure was $485.9 million, up 59.07% from the prior year.
- Free Cash Flow declined to $20.9 million in Q1 2026 per CRCL's latest filing, from $204.4 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $257.5 million in Q2 2025 and bottomed at -$20.9 million in Q3 2025.
- Historically, Free Cash Flow has averaged $100.7 million across 3 years, with a median of $94.7 million in 2024.
- On a YoY basis, Free Cash Flow climbed as much as 115.75% in 2025 and fell as far as 120.15% in 2025.
- Circle Internet's Free Cash Flow stood at $94.7 million in 2024, then surged by 115.75% to $204.4 million in 2025, then slumped by 89.79% to $20.9 million in 2026.
- Business Quant data shows CRCL's Free Cash Flow at $20.9 million in Q1 2026, $204.4 million in Q4 2025, and -$20.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 7.20 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 708.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -873.83 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 3.59 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 202.51 Mn |
| 10 | Circle Internet | 14.80 Bn | 13.28 Bn | 40.25 Mn | 20.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.88 Mn |
| Mar 31, 2026 | 20.88 Mn |
| Dec 31, 2025 | 204.38 Mn |
| Dec 31, 2025 | 204.38 Mn |
| Sep 30, 2025 | -20.89 Mn |
| Sep 30, 2025 | -20.89 Mn |
| Jun 30, 2025 | 257.53 Mn |
| Jun 30, 2025 | 257.53 Mn |
| Mar 31, 2025 | 44.92 Mn |
| Mar 31, 2025 | 44.92 Mn |
| Dec 31, 2024 | 94.73 Mn |
| Dec 31, 2024 | 94.73 Mn |
| Sep 30, 2024 | 103.70 Mn |
| Sep 30, 2024 | 103.70 Mn |