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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and SOLAI Ltd (SLAI). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($739.8M vs $11.0M, roughly 67.2× SOLAI Ltd). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs -126.2%, a 155.2% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs -43.1%). Circle Internet Group, Inc. produced more free cash flow last quarter ($-14.7M vs $-17.0M).
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.
CRCL vs SLAI — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $11.0M |
| Net Profit | $214.4M | $-13.9M |
| Gross Margin | — | 0.1% |
| Operating Margin | 11.0% | -126.2% |
| Net Margin | 29.0% | -126.2% |
| Revenue YoY | 5113.5% | -43.1% |
| Net Profit YoY | 202.0% | -173.4% |
| EPS (diluted) | $0.64 | $-0.01 |
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.
| Q3 25 | $739.8M | — | ||
| Q2 25 | $658.1M | $11.0M | ||
| Q2 24 | $6.8M | $19.4M |
| Q3 25 | $214.4M | — | ||
| Q2 25 | $-482.1M | $-13.9M | ||
| Q2 24 | $32.9M | $18.9M |
| Q3 25 | — | — | ||
| Q2 25 | — | 0.1% | ||
| Q2 24 | — | 52.4% |
| Q3 25 | 11.0% | — | ||
| Q2 25 | -49.5% | -126.2% | ||
| Q2 24 | — | -2.6% |
| Q3 25 | 29.0% | — | ||
| Q2 25 | -73.3% | -126.2% | ||
| Q2 24 | 486.5% | 97.9% |
| Q3 25 | $0.64 | — | ||
| Q2 25 | $-4.48 | $-0.01 | ||
| Q2 24 | $0.00 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $1.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $43.8M |
| Total Assets | $76.8B | $69.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.1B | $1.2M | ||
| Q2 24 | $457.5M | $2.3M |
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.4B | $43.8M | ||
| Q2 24 | $460.9M | $45.9M |
| Q3 25 | $76.8B | — | ||
| Q2 25 | $64.2B | $69.1M | ||
| Q2 24 | — | $63.3M |
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 | $-10.7M | $-17.0M |
| Free Cash FlowOCF − Capex | $-14.7M | $-17.0M |
| FCF MarginFCF / Revenue | -2.0% | -154.2% |
| Capex IntensityCapex / Revenue | 0.5% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-10.7M | — | ||
| Q2 25 | $303.7M | $-17.0M | ||
| Q2 24 | — | $-12.1M |
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $296.3M | $-17.0M | ||
| Q2 24 | — | — |
| Q3 25 | -2.0% | — | ||
| Q2 25 | 45.0% | -154.2% | ||
| Q2 24 | — | — |
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q2 24 | — | — |
| Q3 25 | -0.05× | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | -0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
SLAI
| Data center | $6.5M | 59% |
| Cryptocurrency mining | $4.6M | 41% |
