Circle Internet (CRCL) Operating Expenses (2024 - 2026)

Circle Internet (CRCL) has reported Operating Expenses for 3 consecutive years, with $242.4 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses rose 75.63% year-over-year to $242.4 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 145.15% YoY), while the FY2025 annual figure was $1.2 billion, up 139.85% from the prior year.
• Operating Expenses fell to $242.4 million in Q1 2026 per CRCL's latest filing, from $253.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $576.7 million in Q2 2025 and bottomed at $124.3 million in Q3 2024.
• Historically, Operating Expenses has averaged $225.9 million across 3 years, with a median of $174.6 million in 2025.
• On a YoY basis, Operating Expenses climbed as much as 338.88% in 2025 and fell as far as 69.91% in 2025.
• Circle Internet's Operating Expenses stood at $130.0 million in 2024, then soared by 95.03% to $253.6 million in 2025, then slipped by 4.43% to $242.4 million in 2026.
• Business Quant data shows CRCL's Operating Expenses at $242.4 million in Q1 2026, $253.6 million in Q4 2025, and $211.1 million in Q3 2025.