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| Date | Value |
|---|---|
| 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 |