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Updated 1m ago
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Circle Internet Group, Inc.DB:ET9 Stock Report

Market Cap €19.8b
Updated 1m ago
Share Price
n/a
1Y-30.0%
7D-10.6%
1D-1.6%
Portfolio Value
​
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Circle Internet Group, Inc.

DB:ET9 Stock Report

Market Cap: €19.8b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Circle Internet Group (ET9) Stock Overview

Operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. More details

ET9 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 6.6% below our estimate of its fair value

Earnings are forecast to grow 15.68% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Volatile share price over the past 3 months compared to the German market

Significant insider selling over the past 3 months


ET9 Community Fair Values

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€
Current Price
€77.6511.3% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-1b6b2016201920222025202620282031Revenue US$6.4bEarnings US$991.6m
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Circle Internet Group, Inc. Competitors

Nemetschek

Symbol: XTRA:NEM
Market cap: €6.7b

SAP

Symbol: XTRA:SAP
Market cap: €204.6b

ATOSS Software

Symbol: XTRA:AOF
Market cap: €1.4b

TeamViewer

Symbol: XTRA:TMV
Market cap: €1.0b

Price History & Performance

Summary of share price highs, lows and changes for Circle Internet Group
Historical stock prices
Current Share PriceUS$77.65
52 Week HighUS$135.00
52 Week LowUS$42.70
Beta0
1 Month Change27.92%
3 Month Change14.19%
1 Year Change-30.05%
3 Year Changen/a
5 Year Changen/a
Change since IPO-18.26%

Recent News & Updates

Recent updates

Shareholder Returns

ET9DE SoftwareDE Market
7D-10.6%-4.4%-2.1%
1Y-30.0%-19.9%3.6%

Return vs Industry: ET9 underperformed the German Software industry which returned -19.9% over the past year.

Return vs Market: ET9 underperformed the German Market which returned 3.6% over the past year.

Price Volatility

Is ET9's price volatile compared to industry and market?
ET9 volatility
ET9 Average Weekly Movement12.0%
Software Industry Average Movement6.2%
Market Average Movement5.1%
10% most volatile stocks in DE Market12.6%
10% least volatile stocks in DE Market2.6%

Stable Share Price: ET9's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: ET9's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
20131,100Jeremy Allairewww.circle.com

Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platform including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity onchain; Circle Digital Assets and Services, which includes circle digital assets, USDC, EURC, and USYC, as well as circle mint and xreserve, related liquidity, custody, and trust infrastructure; and Circle Applications, which includes circle payments network and stablefx, applications that use circle digital assets to deliver real-world utility on the arc network and across the broader multichain ecosystem. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments network, and developer services, as well as integration services.

Circle Internet Group, Inc. Fundamentals Summary

How do Circle Internet Group's earnings and revenue compare to its market cap?
ET9 fundamental statistics
Market cap€19.77b
Earnings (TTM)€389.18m
Revenue (TTM)€2.51b
51.0x
P/E Ratio
7.9x
P/S Ratio

Is ET9 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ET9 income statement (TTM)
RevenueUS$2.91b
Cost of RevenueUS$2.27b
Gross ProfitUS$639.13m
Other ExpensesUS$187.86m
EarningsUS$451.28m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.78
Gross Margin22.00%
Net Profit Margin15.53%
Debt/Equity Ratio0%

How did ET9 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 23:29
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Circle Internet Group, Inc. is covered by 34 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brooksley KangAletheia Analyst Network Limited
Robert BambergerBaird
David KoningBaird

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