vs
Circle Internet Group, Inc.（CRCL）与Soluna Holdings, Inc（SLNH）财务数据对比。点击上方公司名可切换其他公司
Circle Internet Group, Inc.的季度营收约是Soluna Holdings, Inc的87.9倍（$739.8M vs $8.4M），Circle Internet Group, Inc.净利率更高（29.0% vs -284.7%，领先313.7%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 11.8%），Soluna Holdings, Inc自由现金流更多（$-6.8M vs $-14.7M）
Circle是2013年由杰里米·阿莱尔与肖恩·内维尔联合创立的支付科技企业，目前总部位于美国纽约，核心业务覆盖稳定币发行，推出了锚定美元的USDC、锚定欧元的EURC两款稳定币，同时还发行有代币化货币市场基金产品USYC。
CRCL vs SLNH — 直观对比
营收规模更大
CRCL
是对方的87.9倍
$8.4M
营收增速更快
CRCL
高出5101.7%
11.8%
净利率更高
CRCL
高出313.7%
-284.7%
自由现金流更多
SLNH
多$7.9M
$-14.7M
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $8.4M |
| 净利润 | $214.4M | $-24.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | 11.0% | -92.5% |
| 净利率 | 29.0% | -284.7% |
| 营收同比 | 5113.5% | 11.8% |
| 净利润同比 | 202.0% | -233.2% |
| 每股收益（稀释后） | $0.64 | $-1.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CRCLSLNH
| Q3 25 | $739.8M | $8.4M | ||
| Q2 25 | $658.1M | $6.2M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $7.5M | ||
| Q2 24 | $6.8M | $9.7M | ||
| Q1 24 | — | $12.5M | ||
| Q4 23 | — | $10.1M |
净利润CRCLSLNH
| Q3 25 | $214.4M | $-24.0M | ||
| Q2 25 | $-482.1M | $-7.4M | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $-40.0M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | $32.9M | $-10.9M | ||
| Q1 24 | — | $-5.3M | ||
| Q4 23 | — | $-6.7M |
毛利率CRCLSLNH
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | — | -39.1% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 45.4% | ||
| Q4 23 | — | 42.4% |
营业利润率CRCLSLNH
| Q3 25 | 11.0% | -92.5% | ||
| Q2 25 | -49.5% | -107.6% | ||
| Q1 25 | — | -120.9% | ||
| Q4 24 | — | -426.0% | ||
| Q3 24 | — | -119.8% | ||
| Q2 24 | — | -38.0% | ||
| Q1 24 | — | 3.2% | ||
| Q4 23 | — | -23.9% |
净利率CRCLSLNH
| Q3 25 | 29.0% | -284.7% | ||
| Q2 25 | -73.3% | -119.9% | ||
| Q1 25 | — | -127.3% | ||
| Q4 24 | — | -483.8% | ||
| Q3 24 | — | -95.5% | ||
| Q2 24 | 486.5% | -112.4% | ||
| Q1 24 | — | -41.9% | ||
| Q4 23 | — | -66.2% |
每股收益（稀释后）CRCLSLNH
| Q3 25 | $0.64 | $-1.14 | ||
| Q2 25 | $-4.48 | $-0.93 | ||
| Q1 25 | — | $-1.21 | ||
| Q4 24 | — | $-7.14 | ||
| Q3 24 | — | $-1.56 | ||
| Q2 24 | $0.00 | $-3.62 | ||
| Q1 24 | — | $-2.62 | ||
| Q4 23 | — | $-1.99 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.3B | — |
| 总债务越低越好 | — | $13.3M |
| 股东权益账面价值 | $3.0B | $14.5M |
| 总资产 | $76.8B | $152.0M |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资CRCLSLNH
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $457.5M | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
总债务CRCLSLNH
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益CRCLSLNH
| Q3 25 | $3.0B | $14.5M | ||
| Q2 25 | $2.4B | $-19.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | $460.9M | $24.4M | ||
| Q1 24 | — | $21.5M | ||
| Q4 23 | — | $26.5M |
总资产CRCLSLNH
| Q3 25 | $76.8B | $152.0M | ||
| Q2 25 | $64.2B | $92.0M | ||
| Q1 25 | — | $90.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | — | $97.3M | ||
| Q2 24 | — | $98.7M | ||
| Q1 24 | — | $90.6M | ||
| Q4 23 | — | $91.3M |
负债/权益比CRCLSLNH
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-10.7M | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $-6.8M |
| 自由现金流率自由现金流/营收 | -2.0% | -81.4% |
| 资本支出强度资本支出/营收 | 0.5% | 55.2% |
| 现金转化率经营现金流/净利润 | -0.05× | — |
| 过去12个月自由现金流最近4个季度 | — | $-34.4M |
8季度趋势，按日历期对齐
经营现金流CRCLSLNH
| Q3 25 | $-10.7M | $-2.2M | ||
| Q2 25 | $303.7M | $-1.1M | ||
| Q1 25 | — | $-177.0K | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $61.0K | ||
| Q2 24 | — | $-7.3M | ||
| Q1 24 | — | $3.9M | ||
| Q4 23 | — | $1.4M |
自由现金流CRCLSLNH
| Q3 25 | $-14.7M | $-6.8M | ||
| Q2 25 | $296.3M | $-9.7M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-7.6M | ||
| Q1 24 | — | $3.3M | ||
| Q4 23 | — | $1.2M |
自由现金流率CRCLSLNH
| Q3 25 | -2.0% | -81.4% | ||
| Q2 25 | 45.0% | -156.8% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | — | -168.3% | ||
| Q3 24 | — | -44.8% | ||
| Q2 24 | — | -78.2% | ||
| Q1 24 | — | 26.5% | ||
| Q4 23 | — | 12.3% |
资本支出强度CRCLSLNH
| Q3 25 | 0.5% | 55.2% | ||
| Q2 25 | 1.1% | 139.0% | ||
| Q1 25 | — | 64.2% | ||
| Q4 24 | — | 107.0% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 4.2% | ||
| Q4 23 | — | 1.7% |
现金转化率CRCLSLNH
| Q3 25 | -0.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CRCL
暂无分部数据
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
