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Circle Internet Group, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Circle Internet Group, Inc. holds $80.5B in total assets. Shareholders' equity is $3.4B against $14.8M in total debt. Cash and equivalents total $79.2B. The current ratio is 1.03 and debt-to-equity is 0.004. Based on the Q1 2026 filing.

Total Assets$80.5BTotal Stockholders Equity$3.4BCash And Equivalents$79.2BTotal Current Assets$79.6BTotal Current Liabilities$77.1B
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$30.8B
ROE-7.08%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$287.0M—$411.6M$269.0M$360.6M$262.2M
Accounts Payable and Accrued Liabilities, Current$287.0M—$411.6M$269.0M$360.6M$262.2M
Accrued expenses$70.3M—$66.8M$87.9M$114.3M$71.6M
Accrued liabilities and other current$9.1M—$10.4M$16.9M$20.3M$20.5M
Other Commercial Liabilities$70.3M—$66.8M$87.9M$114.3M$71.6M
Contract liabilities$13.4M$13.0M$8.5M$6.0M$11.5M$6.0M
Convertible Debt - Current$1.1B$1.1B$0.0$0.0$36.8M$0.0
Accounts payable and other current liabilities (Note 11)$287.0M—$411.6M$269.0M$360.6M$262.2M
Accrued Income Taxes, Current$678.0K—$3.9M$1.1M$1.6M$2.5M
Accrued Liabilities, Current$70.3M—$66.8M$87.9M$114.3M$71.6M
Convertible Notes Payable Current$0.0—$206.1M$149.1M$36.8M$0.0
Restricted security deposits held for customers$43.7B—$61.1B$73.3B$74.9B$76.8B
Other accrued liabilities$16.6M—$11.2M$16.6M$18.4M$14.6M
Device Payment Plan Trade-in Liability$13.4M$13.0M$8.5M$6.0M$11.5M$6.0M
Income taxes payable$678.0K—$3.9M$1.1M$1.6M$2.5M
Lease Liability Payments - 2020 (Remaining Three Months)——$1.7M$827.0K—$2.5M
Operating Lease Liability Payments - 2024 (Lessee)——$3.2M$3.2M—$2.8M
Operating Lease Liability Payments - 2025 (Lessee)——$3.1M$3.1M—$3.1M
Lease Liability Payments - Due Year Two——$3.2M$3.2M—$2.8M
Lease Liability Payments - Due Year Three——$2.8M$2.8M—$3.1M
Lease Liability Payments - Due Year Four——$3.1M$3.1M—$3.1M
Lease Liability Payments - Remainder of Fiscal Year——$3.1M$3.1M—$3.2M
Note payable to DIRECTV$16.6M—$11.2M$16.6M$18.4M$14.6M
Operating lease liabilities, current$2.6M—$2.7M$2.7M$2.7M$2.9M
Operating Lease Liability Payments Due——$25.8M$24.9M—$23.4M
Operating Lease Liability - Undiscounted Excess Amount——$10.4M$9.9M—$8.7M
Total current liabilities$44.0B—$61.7B$73.7B$75.3B$77.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$6.4M$5.4M$13.2M$22.2M$62.9M$72.2M
Cash and cash equivalents$45.0B$61.3B$63.1B$75.6B$77.4B$79.2B
Cash and cash equivalents segregated for the benefit of stablecoin holders$43.9B$60.1B$61.4B$73.4B$75.1B$76.9B
Cash and cash equivalents segregated for corporate-held stablecoins$294.5M$274.5M$588.3M$837.1M$823.0M$792.7M
Other current assets$6.0M—$7.6M$9.9M$12.6M$10.8M
Customer Collateral Assets$43.7B—$61.1B$73.3B$74.9B$76.8B
Digital Assets$31.3M—$35.1M$51.6M$86.5M$84.2M
Digital Assets, Net$19.8M—$30.7M$42.1M$55.9M$63.4M
Income taxes receivable$8.5M—$1.6M$68.4M$65.1M$66.8M
Prepaid expenses and other current assets$187.5M$47.8M$216.6M$321.3M$321.7M$326.8M
Restricted cash$3.6M$3.6M$3.2M$3.2M$2.8M$2.8M
Total current assets$45.2B—$63.3B$75.9B$77.8B$79.6B
Trading Securities in Marketable Securities$68.2M$70.0M$76.0M$74.9M$78.5M$96.4M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.8B—$4.0B$4.4B$4.6B$4.7B
Accumulated other comprehensive income (loss)$3.6M—$15.4M$14.7M$14.5M$8.4M
Common Stock Shares Outstanding$522.9M$462.9M$3.6B$2.4B$919.1M$906.0M
Convertible Preferred Stock Authorized Shares——500M———
Noncontrolling interests$0.0———$1.4M$1.4M
Number of Exercisable Options—20.1M19.6M18.8M—10.3M
Retained earnings-$1.2B—-$1.6B-$1.4B-$1.3B-$1.2B
Share-Based Payment Award Options Outstanding - Number22.8M21.6M20.7M19.8M13.5M10.9M
Temporary Equity Attributable to Parent$1.1B$1.1B$0.0$0.0$0.0$0.0
Total liabilities and stockholders' equity$45.8B—$64.2B$76.8B$78.7B$80.5B
Total stockholders' equity$570.5M$745.0M$2.4B$3.0B$3.3B$3.4B
Treasury stock$2.9M—$2.9M$2.9M$2.7M$2.7M
Weighted Average Exercise Price of Outstanding Options$8.48$8.79$8.90$9.51$11.36$12.68

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$23.5M—$29.2M$29.8M$30.0M$30.7M
Accrued payables$9.1M—$10.4M$16.9M$20.3M$20.5M
Accrued distribution costs$83.3M—$107.9M$127.1M$119.0M$117.6M
Accounts payable$5.5M—$28.5M$1.1M$24.7M$18.6M
Cumulative expired warrants (shares)——$3.4M$3.4M—$3.4M
Contract with Customer, Liability$13.4M$13.0M$8.5M$6.0M$11.5M$6.0M
Deferred income taxes$29.6M—$31.8M$31.3M$28.7M$28.1M
Digital financial assets$14.3M—$532.0K$537.0K$542.0K$1.2M
Trading securities, cost$68.2M$70.0M$76.0M$74.9M$78.5M$96.4M
Thereafter——$1.7M$1.7M—$1.3M
Finite-Lived Intangible Assets, Accumulated Amortization$113.0M—$140.2M$151.0M$173.3M$198.8M
2028——$22.5M$35.3M—$7.9M
2030——$384.0K$384.0K—$125.0K
Remainder of 2026——$40.8M$24.3M—$79.0M
2027——$63.4M$81.6M—$65.7M
2029——$1.8M$1.8M—$125.0K
Gross Carrying Amount$178.0M—$270.8M$296.2M$317.6M$353.0M
Tax receivable within other current assets$8.5M—$1.6M$68.4M$65.1M$66.8M
Indefinite- lived intangible impairment$444.4M—$537.2M$563.0M$584.4M$619.9M
Lessee Operating Lease Liability Payments Due——$25.8M$24.9M—$23.4M
Thereafter—————$8.8M
Lessee Operating Lease Liability Undiscounted Excess Amount——$10.4M$9.9M—$8.7M
Noncontrolling interests in subsidiaries$0.0———$1.4M$1.4M
Net asset value$1.00—$1.00$1.00$1.00$1.00
Net Changes In The Purchase And Redemption Of Digital Financial Assets—$12.2M$13.8M$13.8M—-$706.0K
Operating Lease Weighted Average Discount Rate Percent$0.1—$0.1$0.1$0.1$0.1
Preferred Stock, Shares Authorized——$500.0M———
Prepaid expenses$15.6M—$19.0M$21.0M$24.2M$37.2M
Reserve income receivable$138.9M—$187.9M$221.5M$219.2M$210.8M
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—$20.1M$19.6M$18.8M—$10.3M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$22.8M$21.6M$20.7M$19.8M$13.5M$10.9M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$8.5$8.8$8.9$9.5$11.4$12.7
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$522.9M$462.9M$3.6B$2.4B$919.1M$906.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$7.5$7.8$8.0—$11.0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value—$455.3M$3.4B$2.3B—$874.3M
Stablecoin redemptions in transit$118.1M—$194.0M$34.8M$80.6M$31.5M
Temporary Equity Shares Outstanding139.8M139.8M0000
Treasury stock, shares (in shares)$5.0M—$5.0M$5.0M$4.7M$4.6M
Remainder of Fiscal Year 2024——$1.7M$827.0K—$2.5M
Remainder of Fiscal Year 2025——$40.8M$24.3M—$79.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$20.6M—$24.6M$25.8M$27.4M$26.5M
Equity method investments$68.2M$70.0M$76.0M$74.9M$84.3M$96.4M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$68.2M$70.0M$76.0M$74.9M$78.5M$96.4M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)——$384.0K$384.0K—$125.0K
Finite Lived Intangible Assets - Gross$178.0M—$270.8M$296.2M$317.6M$353.0M
Goodwill$169.5M—$266.4M$266.4M$265.7M$265.7M
Intangible Assets Gross (Excluding Goodwill)$444.4M—$537.2M$563.0M$584.4M$619.9M
Intangible assets, net$65.0M—$130.6M$145.2M$411.1M$154.2M
Investments - Amortized Cost Basis$68.2M$70.0M$76.0M$74.9M$78.5M$96.4M
Net Investment in Lease$15.5M—$14.9M$14.5M$14.1M$14.0M
Crypto assets held for investment$19.8M—$30.7M$42.1M$55.9M$63.4M
Crypto Asset, Fair Value$31.3M—$35.1M$51.6M$86.5M$84.2M
Deferred tax assets$10.2M—$17.5M$13.4M$11.1M$11.3M
Intangible assets — net$65.0M—$130.6M$145.2M$144.3M$154.2M
Other intangible assets—net$331.4M—$397.0M$412.0M$411.1M$421.0M
Investments$84.1M—$83.8M$81.8M$84.3M$100.1M
Operating lease right-of-use assets$15.5M—$14.9M$14.5M$14.1M$14.0M
Other non-current assets$20.6M—$24.6M$25.8M$27.4M$26.5M
Strategic investments—$7.6M$7.8M$6.9M—$3.7M
Property, plant and equipment at cost$23.5M—$29.2M$29.8M$30.0M$30.7M
Operating lease right-of-use assets12.8%—13.3%13.4%13.4%13.5%
Operating Lease Right-of-Use Assets in Other Assets$15.5M—$14.9M$14.5M$14.1M$14.0M
Other Investments—$7.6M$7.8M$6.9M—$3.7M
Other non-current assets$20.6M$7.6M$7.8M$6.9M$27.4M$3.7M
Accumulated depreciation$4.8M—$5.4M$6.3M$7.2M$8.2M
Property and equipment, net$18.7M—$23.8M$23.5M$22.8M$22.5M
Software and Technology Licenses, Net$20.6M—$24.6M$25.8M$27.4M$26.5M
Total assets$45.8B—$64.2B$76.8B$78.7B$80.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2026 (Lessee)——$2.8M$2.8M—$3.1M
Operating Lease Liability Payments - 2027 (Lessee)——$2.8M$2.8M—$3.1M
Operating Lease Liability Payments - 2028 (Lessee)——$3.1M$3.1M—$3.1M
Operating lease liabilities, non-current$13.1M—$12.7M$12.3M$12.0M$11.8M
Operating Lease Liabilities (Total)$15.7M—$15.4M$15.0M$14.7M$14.8M
Other non-current liabilities$21.3M—$20.4M$24.6M$25.3M$24.7M
Total liabilities$44.1B—$61.8B$73.8B$75.4B$77.1B
Total noncurrent liabilities$93.1M—$52.2M$55.9M$54.0M$52.8M