What is CRCL's EV / sales?

CRCL (CRCL) reported EV / sales of -19.4× in Q1 2026.

What does EV / sales mean?

What the whole business costs relative to its annual sales.

How do you interpret EV / sales?

A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.

How does EV / sales compare across companies?

Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.

CRCL CRCL EV / sales

EV / sales at other companies

JPMorgan ChaseJPM

5.4×+1.3×

PayPal Holdings, Inc.PYPL

0.9×-1.3×

Coinbase Global, Inc.COIN

6.5×+1.5×

Robinhood Markets, Inc.HOOD

11×+2.4×

Other financials

Income statement

See full

Revenue$694.1M+20.0%

Operating income$45.0M-51.6%

Net income$55.3M-14.7%

EPS (diluted)$0.21—

Balance sheet

See full

Cash & equivalents$79.2B+29.3%

Total debt$14.8M—

Total equity$3.4B+360%

Total assets$80.5B—

Cash flow

See full

Operating cash flow$21.1M-62.8%

CapEx$9.4M+59.6%

Free cash flow$11.7M-76.9%

Valuation

See full

Market cap$19.94B—

Enterprise value-$59.25B—

P/S7×—

Profitability

See full

Operating margin-6.3%-20.8pp

Net margin-8.3%-22.0pp

Returns & leverage

See full

Return on equity-11.2%—

Debt / equity0×—

Current ratio1×—

Where this comes from

Calculated from CRCL’s reported figures.

enterprise value/total revenue=-19.4×

Based on the most recent quarter.

The official record: CRCL’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

Ask your AI about CRCL's ev / sales.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is CRCL's EV / sales?: CRCL (CRCL) reported EV / sales of -19.4× in Q1 2026.
What does EV / sales mean?: What the whole business costs relative to its annual sales.
How do you interpret EV / sales?: A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?: Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.