Circle Internet (CRCL) Invested Capital (2023 - 2026)

Circle Internet (CRCL) posted quarterly Invested Capital of $3.4 billion for Q1 2026, up 360.23% YoY from $745.0 million in Q1 2025, and up 2.98% sequentially from $3.3 billion in Q4 2025.

Circle Internet (CRCL) Invested Capital (2023 - 2026) Analysis & Trends

Circle Internet has disclosed Invested Capital across 4 years of filings, most recently posting $3.4 billion for Q1 2026.

  • In Q1 2026, Invested Capital rose 360.23% year-over-year to $3.4 billion; the TTM figure through Mar 2026 stood at $3.4 billion (up 360.23% YoY), while the FY2025 annual figure was $3.3 billion, up 483.55% from the prior year.
  • Invested Capital rose to $3.4 billion in Q1 2026, from $3.3 billion in the prior quarter.
  • Over the last five years, Invested Capital for CRCL reached as high as $3.4 billion in Q1 2026 and fell as low as $339.5 million in Q4 2023.
  • The 4-year median for Invested Capital is $745.0 million (2025), against an average of $1.6 billion.
  • Annual changes were most pronounced in 2024 — Invested Capital jumped 68.06% — and 2025, when it jumped 483.55%.
  • A 4-year view of Invested Capital shows it stood at $339.5 million in 2023, then soared by 68.06% to $570.5 million in 2024, then jumped by 483.55% to $3.3 billion in 2025, then gained by 2.98% to $3.4 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $3.4 billion, $3.3 billion, and $3.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 486.95 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 122.78 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 49.23 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 6.75 Bn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 9.69 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 12.87 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 7.31 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 3.43 Bn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.94 Bn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 1.78 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.43 Bn
Dec 31, 2025 3.33 Bn
Sep 30, 2025 3.02 Bn
Jun 30, 2025 2.37 Bn
Mar 31, 2025 744.98 Mn
Dec 31, 2024 570.53 Mn
Sep 30, 2024 557.73 Mn
Jun 30, 2024 460.86 Mn
Dec 31, 2023 339.47 Mn