Circle Internet (CRCL) Net Cash Flow (2024 - 2026)
Circle Internet (CRCL) posted quarterly Net Cash Flow of $1.8 billion for Q1 2026, down 89.09% YoY from $16.3 billion in Q1 2025, and down 4.1% sequentially from $1.9 billion in Q4 2025.
Circle Internet (CRCL) Net Cash Flow (2024 - 2026) Analysis & Trends
Circle Internet has disclosed Net Cash Flow across 3 years of filings, most recently posting $1.8 billion for Q1 2026.
- In Q1 2026, Net Cash Flow fell 89.09% year-over-year to $1.8 billion; the TTM figure through Mar 2026 stood at $17.9 billion (down 37.2% YoY), while the FY2025 annual figure was $32.4 billion, up 62.13% from the prior year.
- Net Cash Flow eased to $1.8 billion in Q1 2026, from $1.9 billion in the prior quarter.
- Over the last five years, Net Cash Flow for CRCL reached as high as $16.3 billion in Q1 2025 and fell as low as $1.8 billion in Q2 2025.
- The 3-year median for Net Cash Flow is $3.5 billion (2024), against an average of $6.6 billion.
- Annual changes were most pronounced in 2025 — Net Cash Flow soared 256.23% — and 2026, when it plunged 89.09%.
- A 3-year view of Net Cash Flow shows it stood at $8.7 billion in 2024, then plunged by 78.62% to $1.9 billion in 2025, then retreated by 4.1% to $1.8 billion in 2026.
- According to Business Quant data, Net Cash Flow over the past three periods registered $1.8 billion, $1.9 billion, and $12.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 22.76 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 16.12 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.62 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 | 1.93 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -148.79 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | -145.61 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 1.78 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -1.05 Bn |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | -432.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.78 Bn |
| Mar 31, 2026 | 1.78 Bn |
| Dec 31, 2025 | 1.85 Bn |
| Dec 31, 2025 | 1.85 Bn |
| Sep 30, 2025 | 12.49 Bn |
| Sep 30, 2025 | 12.49 Bn |
| Jun 30, 2025 | 1.76 Bn |
| Jun 30, 2025 | 1.76 Bn |
| Mar 31, 2025 | 16.29 Bn |
| Mar 31, 2025 | 16.29 Bn |
| Dec 31, 2024 | 8.67 Bn |
| Dec 31, 2024 | 8.67 Bn |
| Sep 30, 2024 | 3.51 Bn |
| Sep 30, 2024 | 3.51 Bn |