Circle Internet Group (CRCL)

CRCL Cash Flow Statement

Operating, investing, and financing cash flow analysis

CRCL Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	506.612M	21.076M	249.095M	-10.682M	247.123M	56.593M	106.379M	113.242M	47.788M
Net Income	-79.046M	55.253M	133.416M	214.385M	-482.100M	64.791M	3.109M	70.996M	32.923M
Depreciation & Amortization	89.514M	26.767M	25.536M	23.002M	14.209M	13.880M	13.507M	13.122M	12.632M
Stock-Based Compensation	605.268M	51.807M	58.875M	59.620M	434.966M	12.716M	11.142M	12.763M	16.749M
Change in Accounts Receivable	170.403M	72.168M	62.866M	22.154M	13.215M	10.950M	145.307M	-826K	192K
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-184.769M	-124.303M	77.297M	-255.728M	117.965M	-49.063M	83.404M	30.515M	-21.641M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	2.319M	-9.356M	15.646M	-15.646M	11.675M	-11.675M	-11.649M	-5.582M	-9.023M
Acquisitions	-294K	0.00	0.00	0.00	-294K	-7.440M	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	508.931M	11.720M	264.741M	-26.328M	258.798M	44.918M	94.730M	107.660M	38.765M
Net Change in Cash	12.924B	-8.782M	177.145M	12.487B	269.513M	16.301B	8.659B	-32.801B	-104.837M

CRCL Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Cash from Operations (CFO)	542.129M	344.576M	139.568M	-72.693M	-92.325M	-14.923M
Net Income	-69.508M	155.667M	267.562M	-768.847M	-508.206M	3.790M
Depreciation & Amortization	76.627M	50.854M	34.887M	13.277M	3.945M	4.500M
Stock-Based Compensation	566.177M	50.134M	107.999M	69.266M	18.383M	3.162M
Change in Accounts Receivable	62.866M	145.307M	1.940M	3.642M	22.703M	1.590M
Change in Inventory	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—
Change in Working Capital	-109.529M	117.436M	-172.459M	170.895M	-6.223M	14.130M
Cash from Investing	—	—	—	—	—	—
Capital Expenditures (CapEx)	-12.432M	-39.098M	-32.862M	-18.315M	-7.872M	-7.083M
Acquisitions	-6.262M	0.00	1.629M	-42.456M	-9.305M	-11.746M
Cash from Financing	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	-8.745M	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	529.697M	305.478M	106.706M	-91.008M	-100.197M	-22.006M
Net Change in Cash	775.065M	19.973B	-11.680B	-5.979B	38.601B	3.494B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Circle Internet Group

Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem. Notably, it is a prominent issuer of a stablecoin pegged to the U.S. dollar. Its robust digital asset network encompasses proprietary Circle stablecoins, tokenized investment funds, liquidity provision, payment processing solutions, and comprehensive support for both developers and system integration. Founded in 2013, the firm maintains its headquarters in New York, New York.

New York, NY

900 employees

www.circle.com

Financial Services / Financial - Capital Markets

Sector: Financial Services
Industry: Financial - Capital Markets
CEO: Jeremy D. Allaire

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