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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and Circle Internet Group, Inc. (CRCL). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($28.5M vs $5.1M, roughly 5.6× AtlasClear Holdings, Inc.). Circle Internet Group, Inc. runs the higher net margin — 751.8% vs 134.2%, a 617.6% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 84.1%).
Atlas Comics was the 1950s comic-book publishing label that evolved into Marvel Comics. Magazine and paperback novel publisher Martin Goodman, whose business strategy involved having a multitude of corporate entities, used Atlas as the umbrella name for his comic-book division during this time. Atlas evolved out of Goodman's 1940s comic-book division, Timely Comics, and was located on the 14th floor of the Empire State Building. This company is distinct from the 1970s comic-book company, also...
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
ATCH vs CRCL — Head-to-Head
Income Statement — Q2 2026 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $28.5M |
| Net Profit | $6.8M | $214.4M |
| Gross Margin | — | — |
| Operating Margin | -48.6% | — |
| Net Margin | 134.2% | 751.8% |
| Revenue YoY | 84.1% | 5113.5% |
| Net Profit YoY | 1716.5% | 202.0% |
| EPS (diluted) | $0.05 | $0.64 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.1M | — | ||
| Q3 25 | $4.3M | $28.5M | ||
| Q2 25 | $2.8M | $23.8M | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.8M | $547.0K | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | $1.3M | — |
| Q4 25 | $6.8M | — | ||
| Q3 25 | $-440.3K | $214.4M | ||
| Q2 25 | $-1.7M | $-482.1M | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $-419.7K | — | ||
| Q3 24 | $10.7M | $71.0M | ||
| Q2 24 | — | $32.9M | ||
| Q1 24 | $-88.6M | — |
| Q4 25 | -48.6% | — | ||
| Q3 25 | -20.6% | — | ||
| Q2 25 | -63.5% | -1367.8% | ||
| Q1 25 | -42.2% | — | ||
| Q4 24 | -41.8% | — | ||
| Q3 24 | -33.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -1091.5% | — |
| Q4 25 | 134.2% | — | ||
| Q3 25 | -10.4% | 751.8% | ||
| Q2 25 | -60.6% | -2025.3% | ||
| Q1 25 | -114.1% | — | ||
| Q4 24 | -15.3% | — | ||
| Q3 24 | 383.3% | 12979.2% | ||
| Q2 24 | — | 486.5% | ||
| Q1 24 | -6970.8% | — |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $-0.01 | $0.64 | ||
| Q2 25 | — | $-4.48 | ||
| Q1 25 | — | — | ||
| Q4 24 | $-1.11 | — | ||
| Q3 24 | $-1.90 | $0.00 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.1M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.7M | $3.0B |
| Total Assets | $77.6M | $76.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.1M | — | ||
| Q3 25 | $2.7M | $1.3B | ||
| Q2 25 | $7.5M | $1.1B | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $6.8M | $577.3M | ||
| Q2 24 | — | $457.5M | ||
| Q1 24 | $7.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.7M | — | ||
| Q3 25 | $6.9M | $3.0B | ||
| Q2 25 | $-6.8M | $2.4B | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $-23.2M | — | ||
| Q3 24 | $-23.2M | $557.7M | ||
| Q2 24 | — | $460.9M | ||
| Q1 24 | $-6.8M | — |
| Q4 25 | $77.6M | — | ||
| Q3 25 | $73.6M | $76.8B | ||
| Q2 25 | $60.9M | $64.2B | ||
| Q1 25 | $55.0M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $56.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $76.4M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $-10.7M |
| Free Cash FlowOCF − Capex | — | $-14.7M |
| FCF MarginFCF / Revenue | — | -51.7% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | 0.22× | -0.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | — | ||
| Q3 25 | $-2.5M | $-10.7M | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $175.6K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-13.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -51.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATCH
Segment breakdown not available.
CRCL
| Subscription And Services Revenue | $23.6M | 83% |
| Transaction Services | $4.7M | 16% |
