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
DateValue
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