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Signal Ledger LabCircle Internet Group
CRCLSIGNAL LEDGER VALUATIONWhat the shares are worth today if management delivers the targets it has set for each business: every business valued at FY2030 and discounted back, every input cited.
Research updated 2026-10-23 00:32:21 UTCBUY below $27.39WATCHSELL above $51.35
Price viewSELL
Buy below · 80% of FV$27.39
Sell above · 150% of FV$51.35
BUY below 80% of FV · WATCH from 80% to 150% · SELL above 150%. Thresholds use unrounded fair values.
REPORTED FIGURES / LATEST SEC FILING
What CRCL reported, business by business.
SEC 10-Q ↗ · quarter ended 2026-06-30 · filed 2026-08-05 · checked 2026-10-29 01:23 UTC; an earnings release published before the 10-Q or 10-K is not included.
- Reported revenue
- $0.034B
- Reported net income
- $0.048B
- Reported diluted EPS
- $0.18
RECONCILED Business rows reconcile to SEC revenue from the same filing and reporting period. Unverified segment profits remain blank.
Non-overlapping reported revenue lines, 2026-04-01 to 2026-06-30. Reported results; the valuation above uses the dated research assumptions.
| Business | Revenue | Share of revenue | Operating profit | Margin |
|---|---|---|---|---|
| Subscription And Services | $0.028B | 83.8% | — | — |
| Transaction Revenue | $0.005B | 15.9% | — | — |
| Other Services | $0B | 0.3% | — | — |
| Consolidated revenue | $0.034B | 100% | — |
View reported source cells
Accession 0001876042-26-000248
Subscription And Services
crcl:SubscriptionAndServicesMember · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax · 28,156 × 10^3 USD · 2026-04-01 to 2026-06-30
Transaction Revenue
crcl:TransactionRevenueMember · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax · 5,330 × 10^3 USD · 2026-04-01 to 2026-06-30
Other Services
crcl:OtherServicesMember · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax · 96 × 10^3 USD · 2026-04-01 to 2026-06-30
THE COMPANY
What does Circle Internet Group do?
Stablecoin network, reserve income and payments infrastructure
Businesses: Reserve income · Distribution costs · Other revenue · Network optionality
EVIDENCE
Follow every input to its source
Read the full valuation for each business, the assumptions behind it and the cited evidence.