Circle Internet Group, Inc. (CRCL) intrinsic value & 10-year financials
Circle Internet Group, Inc. (CRCL) has a Graham intrinsic value of $9.96 per share. At $82.22 on Oct 17, 2026, the stock trades 726% above that value. Over the last 4 fiscal years revenue grew 135.2% a year to $109.8M, with an average return on invested capital of 148.6%.
- Graham intrinsic value
- $9.96
- Share price (Oct 17, 2026)
- $82.22
- Price vs Graham value
- 726% above
- Market cap
- $13.0B
- Revenue (FY2025)
- $109.8M
- Revenue growth (4-yr CAGR)
- 135.2%
- ROIC (10-yr avg)
- 148.6%
- Free cash flow (FY2025)
- $529.7M
CRCL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $109.8M | -$69.5M | -$0.44 | $529.7M | -87.8% | -7.9% |
| FY2024 | $15.2M | $155.7M | $0.30 | $326.4M | 1102.0% | -70.6% |
| FY2023 | $19.9M | $267.6M | $0.78 | $138.9M | 1357.1% | 524.1% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Circle Internet Group, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Circle Internet Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -39.2% ROIC.
Circle Internet Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Circle Internet Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.96 per share.