What is CRCL's operating income?

CRCL (CRCL) reported operating income of $45M in Q1 2026.

How has CRCL's operating income changed year-over-year?

CRCL's operating income decreased by 51.6% year-over-year, from $92.94M to $45M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

CRCL CRCL Operating Income

Operating Income at other companies

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-$21.42M-103%

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Gemini Space Station, Inc. Class A Common StockGEMI

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Other financials

Income statement

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Revenue$694.1M+20.0%

Net income$55.3M-14.7%

EPS (diluted)$0.21—

Balance sheet

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Cash & equivalents$79.2B+29.3%

Total debt$14.8M—

Total equity$3.4B+360%

Total assets$80.5B—

Cash flow

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Operating cash flow$21.1M-62.8%

CapEx$9.4M+59.5%

Free cash flow$11.7M-76.9%

Valuation

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Market cap$18.29B-63.1%

Enterprise value-$60.9B+351%

P/S6.4×-17.0×

Profitability

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Operating margin-6.3%-20.8pp

Net margin-8.3%-22.0pp

FCF margin17.7%—

Returns & leverage

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Return on equity-11.2%—

Debt / equity0×—

Current ratio1×—

Where this comes from

Reported directly by CRCL in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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

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Questions, answered.

What is CRCL's operating income?: CRCL (CRCL) reported operating income of $45M in Q1 2026.
How has CRCL's operating income changed year-over-year?: CRCL's operating income decreased by 51.6% year-over-year, from $92.94M to $45M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.