Circle Internet Group, Inc. key statistics and ratios
In fiscal 2025, Circle Internet Group, Inc. had return on equity of -3.6%, an operating margin of -3.5%, debt equal to 1.1% of equity and a current ratio of 1.03. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Operating margin | 18.6% | 10.0% | −3.5% | 7.4% |
| Net margin | 18.4% | 9.3% | −2.5% | 15.5% |
| Free-cash-flow margin | 9.6% | 19.5% | 19.3% | 26.2% |
| Return on equity | 78.8% | 34.2% | −3.6% | 13.2% |
| Return on assets | — | 0.3% | −0.1% | 0.6% |
| Asset turnover | — | 0.04 | 0.04 | 0.04 |
| Current ratio | — | 1.03 | 1.03 | 1.03 |
| Debt to equity | 0.0% | 7.1% | 1.1% | 0.0% |
| Interest cover (operating income ÷ interest) | 141.0x | 87.7x | n/m | — |
| Effective tax rate | 14.9% | 29.1% | — | −12.2% |
| Capital spending as % of revenue | 0.0% | 1.1% | 0.5% | 0.5% |
| Free cash flow ÷ net income | 51.9% | 209.7% | — | 168.7% |
| Dividends and buybacks ÷ free cash flow | 6.3% | 0.0% | 0.0% | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 14.3% | 0.2% | 16.1% | −49.5% | 11.0% | 7.2% | 6.5% | 4.9% |
| Net margin | 15.9% | 0.7% | 11.2% | −73.3% | 29.0% | 17.3% | 8.0% | 6.9% |
| Free-cash-flow margin | 24.2% | 22.3% | 8.8% | 37.3% | −2.0% | 32.2% | 1.7% | 73.6% |
| Current ratio | — | 1.03 | — | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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