Stocks Comparison
Coinbase Global vs Circle Internet: revenue, profit, margins and growth compared
Coinbase Global brought in $7.2B of revenue in fiscal 2025, Circle Internet $2.7B in fiscal 2025. Revenue changed by +9.4% at Coinbase Global and +63.9% at Circle Internet on the year before, so Circle Internet grew faster. Coinbase Global kept 17.6% of its revenue as net profit, Circle Internet -2.5%.
Side by side, latest fiscal year
| COIN | CRCL | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $7.2B | $2.7B |
| Revenue growth | +9.4% | +63.9% |
| Net income | $1.3B | -$69.5M |
| Net margin | 17.6% | -2.5% |
| Free cash flow | n/a | $529.7M |
| Free cash flow margin | n/a | 19.3% |
| Earnings per share (diluted) | $4.45 | -$0.44 |
| Cash | $11.3B | $1.5B |
| Debt | $7.2B | n/a |
| Price to earnings | 43.8 | n/a |
| Market value | $51.5B | $22.6B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #76 of 444 · Finance | #129 of 444 · Finance |
Over the years
Questions about Coinbase Global and Circle Internet
Which is bigger by revenue, Coinbase Global or Circle Internet?
Coinbase Global is bigger by revenue: $7.2B in fiscal 2025, against $2.7B for Circle Internet in fiscal 2025.
Which keeps more of its revenue as profit, Coinbase Global or Circle Internet?
Coinbase Global had a net margin of 17.6% in fiscal 2025; Circle Internet had -2.5% in fiscal 2025.
Which grew revenue faster, Coinbase Global or Circle Internet?
In their latest fiscal years revenue changed by +9.4% at Coinbase Global and +63.9% at Circle Internet.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.