Circle Internet CRCL
NYSE CRCL
$90.63 +0.26 (+0.29%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Circle Internet's (CRCL) quarterly Operating Expenses came in at $254.5 million in Q2 2026, down 55.87% year-over-year from $576.7 million in Q2 2025, and up 5.01% quarter-over-quarter from $242.4 million in Q1 2026.

Analysis

Circle Internet (CRCL) Operating Expenses (2024 - 2026) Analysis & Trends

Circle Internet (CRCL) has reported Operating Expenses for 3 consecutive years, with $254.5 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 55.87% year-over-year to $254.5 million in Q2 2026; TTM through Jun 2026 was $961.6 million, a 0.77% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 139.85% from the prior year.
  • Operating Expenses was $254.5 million for Q2 2026 at Circle Internet, up from $242.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $576.7 million in Q2 2025 and troughed at $124.3 million in Q3 2024.
  • A 3-year average of $229.1 million and a median of $211.1 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 338.88% in 2025 and sank 55.87% in 2026, its largest moves.
  • Over 3 years, Operating Expenses stood at $130.0 million in 2024, then jumped by 95.03% to $253.6 million in 2025, then rose by 0.35% to $254.5 million in 2026.
  • The last three Operating Expenses figures came in at $254.5 million (Q2 2026), $242.4 million (Q1 2026), and $253.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 254.49 Mn
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn 8.84 Bn
3 Gemini Space Station 573.86 Mn 385.24 Mn - 122.42 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn 35.12 Mn
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 42.00 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn 13.86 Mn
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn -10.03 Mn
9 Fabric.AI 10.06 Mn -11.61 Mn - 3.33 Mn
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn 23.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 254.49 Mn
Mar 31, 2026 242.35 Mn
Dec 31, 2025 253.60 Mn
Sep 30, 2025 211.13 Mn
Jun 30, 2025 576.72 Mn
Mar 31, 2025 137.99 Mn
Dec 31, 2024 130.03 Mn
Sep 30, 2024 124.26 Mn
Jun 30, 2024 131.41 Mn