Income StatementBalance SheetCash FlowSegments
CRCL logo

Circle Internet Group, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Circle Internet Group, Inc. generated $517.3M in operating cash flow over the trailing twelve months. After $15.9M in capital expenditures, free cash flow was $505.4M. Free cash flow increased 0.7% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$517.3MNet Cash From Investing (TTM)-$94.0MNet Cash From Financing (TTM)$17.5BCapital Expenditures (TTM)$15.9MDepreciation And Amortization Cf (TTM)$89.5MNet Change In Cash (TTM)$17.9B
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$25.9B
ROE-7.08%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from non-marketable securities$203.0K$13.0K$181.0K$691.0K$541.0K$556.0K
Acquired in-process research and development$0.0$0.0$0.0$0.0$0.0—
Acquisitions, net of cash acquired$0.0$7.4M$294.0K——$0.0
Capital expenditures$9.2M$5.9M$1.6M$4.1M$951.0K$9.4M
Cash acquired from acquisition of equity method affiliate$0.0$0.0$0.0$0.0$0.0—
Payments to Acquire Other Investments$3.0M$338.0K$6.0M$1.3M$1.6M$10.8M
Payments to Develop Software$11.6M$11.7M$13.2M$15.6M$15.7M$15.6M
Proceeds from sale of digital assets$176.0K$79.0K——$117.0K$0.0
Proceeds from other investments$203.0K$13.0K$181.0K$691.0K$541.0K$556.0K
Net cash from investing activities$74.5M-$25.2M-$20.9M-$20.3M-$17.6M-$35.2M
Purchases of investments$9.0M$338.0K-$338.0K$0.0$0.0$10.8M
Proceeds from Sale of Intangible Assets$0.0$0.0$0.0$0.0$0.0—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$18.3K-$12.0K———$0.0
Change in accounts payable$104.6M$6.4M$117.6M-$136.9M$94.2M-$101.4M
Change in accounts receivable$5.1M$5.4M$3.3M$10.6M$20.2M$12.6M
Change in other assets$21.4M$47.8M$0.0$103.1M$1.3M$4.6M
Change in other liabilities$5.3M-$2.3M-$2.0M-$5.1M—-$5.6M
Other working capital changes—$1.1M$1.2M$1.2M$1.4M$2.6M
Other Non-cash Expense—$1.1M$1.2M$1.2M$1.4M$2.6M
Depreciation and amortization$13.5M$13.9M$14.2M$23.0M$25.5M$26.8M
Gain (loss) on sale of assets-$18.3K-$12.0K———$0.0
Realized Foreign Currency Transaction Gain (Loss)$1.6M-$900.0K-$7.9M——$5.4M
Net cash from operating activities$106.4M$56.6M$247.1M$0.0$249.1M$21.1M
Net income$3.1M$64.8M-$482.1M$214.4M—$55.2M
Noncash income associated with liability-classified warrants$0.0$1.1M$4.5M$8.2M$9.8M$4.7M
Change In Fair Value Of Convertible Debt, Warrant Liability, And Embedded Derivatives And Digital Assets—-$2.4M-$167.7M——-$4.1M
Crypto Asset, Realized and Unrealized Gain (Loss), Operating Activities$9.6M-$14.4M——$20.2M-$9.8M
Deferred taxes-$701.5K-$1.3M———$651.0K
Digital assets received for services—-$4.5M-$4.9M-$4.3M-$14.9M-$7.2M
Equity Securities Received for Services$0.0$0.0$3.8M—$15.0K$29.0K
Current liabilities$5.3M-$2.3M-$2.0M-$5.1M—-$5.6M
Increase (Decrease) in Prepaid Expense and Other Assets$21.4M$47.8M$0.0$103.1M$1.3M$4.6M
Non-Cash Contributions To Foundation$0.0$0.0———-$7.7M
Realized And Unrealized (Gains) Losses On Available-for-sale Debt Securities And Strategic Investments$108.5K-$156.0K-$1.3M-$1.8M$3.5M$5.4M
Gain (loss) on mark-to-market of Escrowed Shares—-$84.0K$155.0K-$127.0K—$0.0
Other Non-Cash Adjustments—$1.1M$1.2M$1.2M$1.4M$2.6M
Other Non-cash Expense—$1.1M$1.2M$1.2M$1.4M$2.6M
Stock-based compensation$11.1M$12.7M$435.0M$59.1M$59.4M$51.8M
Unrealized Gain (Loss) on Derivatives—-$84.0K$155.0K-$127.0K—$0.0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid—$0.0$1.3M——$200.0K
Stock issued to settle debt$3.7M$0.0———$39.4M
Income taxes paid$17.0M$775.0K$12.8M$318.0K$0.0$1.3M
Interest paid$64.5K$180.0K———$216.0K
Non-cash Acquisition, Assets Acquired$0.0$89.9M———$1.2M
Capital expenditures incurred but not yet paid—$0.0$1.3M——$200.0K
Capital Expenditures Incurred but Not Yet Paid—$0.0$1.3M——$200.0K
Foreign income taxes, net of refunds$251.8K$418.3K$418.3K$418.3K$418.3K—
Income Taxes Paid, Net$17.0M$775.0K$12.8M$318.0K$0.0$1.3M
Common stock issued for acquisition of NEX$667.0K$150.0K$229.0K$4.6M$251.0K$700.0K
Stock Issued During Period, Value, Treasury Stock Reissued$0.0$0.0———$7.7M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from minority shareholders$0.0$368.0K$368.0K$368.0K$368.0K—
Contributions from noncontrolling interests$0.0$368.0K$368.0K$368.0K$368.0K—
Increase (Decrease) in Deposits$8.5B$16.3B$1.1B$12.2B$1.6B$1.9B
Payments Of Debt Issuance Costs$727.0K$952.0K-$952.0K$0.0$0.0$0.0
Payments Of Stock Issuance Costs—$0.0———$365.0K
Proceeds from issuance of common stock relating to employee stock plans—$0.0———$1.0M
Net proceeds from sales of subsidiary shares$0.0$368.0K$368.0K$368.0K$368.0K—
Proceeds from Minority Shareholders$0.0$368.0K$368.0K$368.0K$368.0K—
Proceeds from Sale of Noncontrolling Interests$0.0$368.0K$368.0K$368.0K$368.0K—
Net cash from financing activities$8.5B$16.3B$1.5B$12.5B$1.6B$1.8B
Net change in deposits$8.5B$16.3B$1.1B$12.2B$1.6B$1.9B
Payment of debt issuance costs$727.0K$952.0K-$952.0K$0.0$0.0$0.0
Proceeds from Minority Shareholders$0.0$368.0K$368.0K$368.0K$368.0K—
Proceeds from issuance of common stock$920.0K$642.0K$6.2M$9.5M$35.4M$14.4M
Repurchases of common stock$0.0$0.0$0.0$0.0$0.0—
Proceeds from Minority Shareholders$0.0$368.0K$368.0K$368.0K$368.0K—
Taxes paid for net share settlement$0.0$0.0$121.8M$92.1M$55.9M$80.2M
Payments of Stock Issuance Costs—$0.0———$365.0K

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$97.2M$50.7M$245.6M$0.0$248.1M$11.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$7.5M$6.6M$46.7M$0.0$4.5M$9.5M
Net increase (decrease) in cash$8.7B$16.3B$1.8B$12.5B$1.9B$1.8B
Accrued payables for capital expenditures—$0.0$1.3M——$200.0K
Capital Expenditures Incurred but Not yet Paid, Current—$0.0———$365.0K
Capitalized stock-based compensation expense related to internally developed software$3.5M$2.7M$65.6M$9.2M$9.3M$9.4M
U.S. federal$15.4M$2.9M$2.9M$2.9M$2.9M—
Unrealized gain (loss) on available-for-sale debt securities-$56.0K$0.0$0.0$0.0$0.0—