Circle Internet Group
CRCLClear Street cuts Circle Internet Group (CRCL) price target to $128 from $157 while reiterating a Buy rating ahead of the company’s Q2 earnings.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue | $1.68B | $1.45B | $772.05M | $84.88M | $15.44M |
| Cost of Revenue | $1.28B | $1.02B | $522.32M | $110.79M | $22.54M |
| Gross Profit | $395.48M | $426.69M | $249.74M | $-25.91M | $-7.10M |
| Gross Margin | 23.59% | 29.42% | 32.35% | -30.53% | -45.99% |
| Operating Expenses | $228.32M | $157.16M | $287.85M | $60.18M | $23.79M |
| Operating Income | $167.16M | $269.53M | $-38.12M | $-86.10M | $-30.89M |
| Operating Margin | 9.97% | 18.58% | -4.94% | -101.44% | -200.05% |
| Net Income | $155.67M | $267.56M | $-768.85M | $-508.21M | $3.79M |
| Net Margin | 9.29% | 18.45% | -99.58% | -598.76% | 24.55% |
| EPS (Basic) | $2.86 | $5.66 | $-16.48 | $-11.47 | $0.09 |
| EBITDA | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A |
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About the company
Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem. Notably, it is a prominent issuer of a stablecoin pegged to the U.S. dollar. Its robust digital asset network encompasses proprietary Circle stablecoins, tokenized investment funds, liquidity provision, payment processing solutions, and comprehensive support for both developers and system integration. Founded in 2013, the firm maintains its headquarters in New York, New York.