Circle Internet Group, Inc. (CRCL)财务
NYSE · Financial Services · Financial - Capital Markets · 员工1,100人 · CEO Jeremy D. Allaire
- 股价
- $72.54 -9.31%
- 市值
- $184亿
- 企业价值
- $167亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-04 EPS预期 $0.37
营收(TTM)$29.1亿+37.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)8.2%+16.1 百分点 对比去年同期营业利润 $2.39亿
净利润(TTM)$4.51亿+231.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.77亿+53.5% 对比去年同期资本支出 $0
稀释EPS(TTM)$1.88+172.1% 对比去年同期最近4个季度之和
净现金$17.3亿+89.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $184亿 EV $167亿
- 营收
- $29.1亿 过去12个月
- 营收增速
- +10% FY2026年一致预期
- 净利润率
- 15.5% 净利润 / 营收,TTM
- P/E
- 38.4× 预期 64.8×(FY2026)
- P/S
- 6.3× 股价 / 营收,TTM
- EV / EBITDA
- 33.4× TTM
- 自由现金流
- $7.77亿 过去12个月
- 净利润
- $4.51亿 过去12个月
- 营收预期
- $30.3亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $7.88亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收低于预期1.7%,EPS 超预期10.6%营收$7.01亿,预期$7.13亿(-1.7%);EPS $0.18,预期$0.16(+10.6%)。
- 营收增长放缓:同比6.6%Q2 '26营收$7.01亿,此前四个季度的平均值为54.0%。
- 营业利润率8.2%(TTM),较去年同期+16.1 百分点营收增长37.2%,营业利润增长241.9%。
- 税前利润的40.7%来自营业外收益税前利润$4.02亿,营业利润$2.39亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.0%(去年为0.8%)最近4个季度投入$0(同比-100.0%)。自由现金流$7.77亿,相当于净利润的172.2%。
- 稀释股数一年内增加149.9%Q2 '26稀释股数2.69亿,一年前为1.08亿。
- 净现金 $17.3亿现金 + 短期投资 $17.3亿,含租赁债务 $0;一年前净现金 $9.13亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $7.01亿 | $6.58亿 | +6.6% |
| 毛利率 | 17.8% | -38.3% | +56.1 百分点 |
| 营业利润 | $4590万 | -$3.26亿 | +114.1% |
| 营业利润率 | 6.5% | -49.5% | +56.0 百分点 |
| 净利润 | $4820万 | -$4.82亿 | +110.0% |
| 稀释EPS | $0.18 | -$4.48 | +104.0% |
| 经营现金流 | $5.17亿 | $2.47亿 | +109.4% |
| 资本支出 | -$1560万 | -$1170万 | -33.6% |
| 自由现金流 | $5.33亿 | $2.59亿 | +106.0% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5360万 | $4.35亿 | -87.7% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $7.01亿 | $7.13亿 | -1.7% |
| EPS(一致预期口径) | $0.18 | $0.16 | +10.6% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Reserve income | $6.68亿 | – | 95.2% | – | – | |
| Subscription and services | $2820万 | – | 4.0% | – | – | |
| Subscription and Services Revenue | – | – | – | – | – | |
| Transaction revenue | $533万 | – | 0.8% | – | – | |
| Transaction Services | – | – | – | – | – | |
| Other Services | – | – | – | – | – | |
| Other | $9.6万 | – | 0.0% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $7.77亿
- 资本支出
- $0
- 股票回购
- $0
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $2.24亿
- 自由现金流
- $7.77亿
- 股东回报 / FCF
- -0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.4× | 8.2× 5年中的2年 | 5.5× – 10.8× |
| EV / EBITDA | 33.4× | 18.0× 5年中的3年 | 3.2× – 47.3× |
| EV / 营收 | 5.7× | 8.3× 5年中的4年 | 0.6× – 25.2× |
| 股价 / FCF | 23.7× | 18.5× 5年中的3年 | 5.5× – 36.3× |
| 股价 / 净资产 | 5.1× | 3.7× 5年中的4年 | 1.6× – 5.8× |
| FCF收益率 | 4.2% | 2.9% | -7.3% – 18.1% |
| 投入资本回报率 | 6.7% | -0.7% | -19.5% – 14.7% |
| 净资产收益率 | 13.6% | 16.5% | -87.5% – 78.8% |
分析师
一致目标价 $94.29 (+30.0%)
区间 $37.00 – $150.00 · 评级 Buy
强烈买入0
买入8
持有5
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $30.3亿 | +10.3% | $1.12 | +486.2% | 64.8× | 17 |
| FY2027 | $38.3亿 | +26.4% | $1.45 | +29.5% | 50.0× | 16 |
| FY2028 | $47.4亿 | +23.9% | $2.11 | +45.6% | 34.4× | 16 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Circle Internet Group在近期10-Q / 10-K文件中标记的全部289项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $370万 | $574万 | -35.5% | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $4.19亿 | $4.12亿 | +1.7% | $3.61亿 | $2.87亿 | +25.6% |
| Accounts Payable, Other, Current | $2070万 | $1040万 | +98.5% | $2030万 | $912万 | +123.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.05亿 | $1320万 | +697.8% | $6290万 | $642万 | +879.5% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $02025-12-31 | $8.5万 | -100.0% | $0 | $227万 | -100.0% |
| Accrued Income Taxes, Current | $350万 | $385万 | -9.1% | $163万 | $67.8万 | +140.7% |
| Accrued Liabilities, Current | $1.16亿 | $6680万 | +73.9% | $1.14亿 | $7030万 | +62.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $922万 | $544万 | +69.6% | $724万 | $478万 | +51.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $645万 | $1540万 | -58.0% | $1450万 | $364万 | +298.3% |
| Additional Paid in Capital | $46.9亿 | $40亿 | +17.4% | $46.1亿 | $17.9亿 | +157.1% |
| Adjustment of Warrants Granted for Services | $450万 | $450万 | 0.0% | $2360万 | $0 | – |
| Adjustments to Additional Paid in Capital, Warrant Issued | $823万2025-09-30 | – | – | $2360万 | – | – |
| Amortization of Intangible Assets | $2890万 | $1360万 | +112.0% | $7370万 | $4900万 | +50.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 76.6万 | 4070万 | -98.1% | 3180万 | 1.4亿 | -77.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $6740万 | $1450万 | +365.4% | $1.66亿 | $6360万 | +161.5% |
| Assets | $772亿 | $642亿 | +20.3% | $787亿 | $458亿 | +71.7% |
| Assets, Current | $762亿 | $633亿 | +20.3% | $778亿 | $452亿 | +72.3% |
| Capital Expenditures Incurred but Not yet Paid | $0 | $0 | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $17.3亿 | $11.2亿 | +54.7% | $15.3亿 | $7.51亿 | +103.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $758亿 | $631亿 | +20.2% | $774亿 | $450亿 | +72.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$34.1亿 | $18.1亿 | -288.9% | $325亿 | $200亿 | +62.5% |
| Common Stock, Capital Shares Reserved for Future Issuance | 6380万2025-12-31 | 1.93亿 | -66.9% | 6380万 | 1.93亿 | -66.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4630万 | -$4.72亿 | +109.8% | -$5860万 | $1.54亿 | -138.0% |
| Contract with Customer, Liability | $2.46亿 | $851万 | +2,794.1% | $1150万 | $1340万 | -14.0% |
| Contract with Customer, Liability, Revenue Recognized | $761万2026-03-31 | $985万 | -22.7% | $1340万 | $250万 | +435.8% |
| Conversion of Stock, Amount Converted | $0 | $0 | – | $8900万 | $1500万 | +494.7% |
| Convertible Debt, Noncurrent | $02025-12-31 | $4070万 | -100.0% | $0 | $4070万 | -100.0% |
| Convertible Notes Payable, Current | $0 | $2.06亿 | -100.0% | $3680万 | $0 | – |
| CryptoAssetAddition | – | – | – | $3760万 | $1230万 | +204.5% |
| CryptoAssetCost | $8470万 | $3070万 | +175.6% | $5590万 | $1980万 | +182.8% |
| CryptoAssetFairValue | $1.07亿 | $3510万 | +203.4% | $8650万 | $3130万 | +176.1% |
| CryptoAssetFairValueRestricted | $160万 | $240万 | -33.3% | $150万 | – | – |
| CryptoAssetPaymentForService | – | – | – | $60.5万 | $1010万 | -94.0% |
| CryptoAssetRealizedAndUnrealizedGainLossOperating | $69.8万 | $69.3万 | +0.7% | -$529万 | $425万 | -224.5% |
| CryptoAssetRealizedAndUnrealizedGainOperating | – | – | – | $4420万 | $1350万 | +228.1% |
| CryptoAssetRealizedAndUnrealizedLossOperating | – | – | – | $2600万 | $259万 | +903.6% |
| CryptoAssetRealizedGainLossNonoperating | -$358万2026-03-31 | -$826万 | +56.7% | $2380万 | $856万 | +178.2% |
| CryptoAssetRealizedGainLossOperating | -$7.9万 | $7000 | -1,228.6% | $5.5万 | $338万 | -98.4% |
| CryptoAssetUnrealizedGainLossOperating | $77.7万 | $68.6万 | +13.3% | -$535万 | $251万 | -313.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$3280万 | $5760万 | -156.9% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $240万 | $54.2万 | +342.8% |
| Current Income Tax Expense (Benefit) | – | – | – | -$3110万 | $6840万 | -145.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$69.8万 | $1020万 | -106.8% |
| Debt Securities, Available-for-sale, Unrealized Gain (Loss) | $02025-12-31 | $13.4万 | -100.0% | $0 | $22.4万 | -100.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $230万 | $763万 | -69.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$288万 | -$1080万 | +73.3% |
| Deferred Income Tax Assets, Net | $1140万 | $1750万 | -35.0% | $1110万 | $1020万 | +8.7% |
| Deferred Income Tax Expense (Benefit) | $20.2万2025-12-31 | -$38.8万 | +152.1% | -$227万 | -$381万 | +40.3% |
| Deferred Income Tax Liabilities, Net | $2850万 | $3180万 | -10.4% | $2870万 | $2960万 | -2.9% |
| Deferred Offering Costs | $02025-12-31 | $424万 | -100.0% | $0 | $424万 | -100.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$169万 | -$65.2万 | -159.4% |
| Deferred Tax Assets, Capital Loss Carryforwards | $783万2025-12-31 | $576万 | +35.9% | $783万 | $576万 | +35.9% |
| Deferred Tax Assets, Charitable Contribution Carryforwards | $480万2025-12-31 | $0 | – | $480万 | $0 | – |
| Deferred Tax Assets, Gross | $2.25亿2025-12-31 | $8110万 | +177.2% | $2.25亿 | $8110万 | +177.2% |
| Deferred Tax Assets, Net of Valuation Allowance | $6660万2025-12-31 | $5000万 | +33.1% | $6660万 | $5000万 | +33.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.17亿2025-12-31 | $1300万 | +803.5% | $1.17亿 | $1300万 | +803.5% |
| Deferred Tax Assets, Other | $208万2025-12-31 | $39.5万 | +426.1% | $208万 | $39.5万 | +426.1% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1170万2025-12-31 | $142万 | +722.4% | $1170万 | $142万 | +722.4% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $842万2025-12-31 | $1830万 | -53.9% | $842万 | $1830万 | -53.9% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $5980万2025-12-31 | $2570万 | +132.4% | $5980万 | $2570万 | +132.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30
数据截至 2026-11-02