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AI Earnings Analysis
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $2.75B | $1.68B | +63.86% |
Operating Income | $-96.44M | $167.16M | -157.69% |
Net Income | $-69.51M | $155.67M | -144.65% |
EPS (Basic) | $-0.44 | $0.33 | -233.33% |
EPS (Diluted) | $-0.44 | $0.30 | -246.67% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $78.71B | $45.83B | +71.73% |
Current Assets | $77.8B | $45.16B | +72.26% |
Total Liabilities | $75.38B | $44.12B | +70.84% |
Current Liabilities | $75.33B | $44.03B | +71.08% |
Stockholders' Equity | $3.33B | $570.53M | +483.55% |
Cash & Equivalents | $1.53B | $750.98M | +103.21% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $542.13M | $344.58M | +57.33% |
Investing Cash Flow | $-84.03M | $186.3M | -145.11% |
Financing Cash Flow | $31.94B | $19.45B | +64.20% |
Share Buybacks | $0 | $0 | — |
D&A | $76.63M | $50.85M | +50.68% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | -3.5% | 10.0% | -13.48% |
Net Margin | -2.5% | — | — |
ROE | -2.1% | — | — |
ROA | -0.1% | — | — |
Current Ratio | $1.033 | — | — |
Debt to Equity | $22.642 | — | — |
CRCL reported a 63.9% revenue surge to $2.75B in FY2025, but swung to a net loss of $69.5M from a prior-year profit of $155.7M, as operating costs outpaced growth and operating margin collapsed from +10.0% to -3.5%.
Revenue grew 63.9% year-over-year from $1.68B to $2.75B, suggesting substantial business expansion, likely through increased transaction volumes or new customer acquisition. This top-line growth is notable but has not translated into profitability.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Operating income swung from a gain of $167.2M to a loss of $96.4M, a deterioration of $263.6M or -157.7% YoY. Net income similarly reversed from $155.7M to a loss of $69.5M, indicating that cost growth significantly outpaced revenue growth during the period.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Total assets nearly doubled to $78.7B from $45.8B, driven primarily by a 72.3% increase in current assets to $77.8B. However, total liabilities also rose to $75.4B, resulting in a debt-to-equity ratio of approximately 22.6x, reflecting an extremely leveraged balance sheet.
Source: Source: 10-K Balance Sheet (XBRL Financial Data)
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Upgrade to unlockWith a debt-to-equity ratio of approximately 22.6x and total liabilities of $75.4B against equity of only $3.33B, the company carries extraordinary financial leverage. A deterioration in asset quality or liquidity conditions could rapidly erode the equity cushion and threaten solvency. This level of leverage leaves minimal margin for error in operations or market conditions.
Source: Source: 10-K Balance Sheet (XBRL Financial Data)
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