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Circle Internet vs Nu: revenue, profit, margins and growth compared

Circle Internet brought in $2.7B of revenue in fiscal 2025, Nu $11.5B in fiscal 2024. Revenue changed by +63.9% at Circle Internet and +43.4% at Nu on the year before, so Circle Internet grew faster. Circle Internet kept -2.5% of its revenue as net profit, Nu 17.1%.

Side by side, latest fiscal year

CRCLNU
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$2.7B$11.5B
Revenue growth+63.9%+43.4%
Net income-$69.5M$2B
Net margin-2.5%17.1%
Free cash flow$529.7Mn/a
Free cash flow margin19.3%n/a
Earnings per share (diluted)-$0.44$0.40
Cash$1.5B$9.2B
Debtn/a$1.7B
Price to earningsn/an/a
Market value$22.6B$66B
Dividend yieldn/an/a
Rank by revenue in sector#129 of 444 · Finance#59 of 444 · Finance

Over the years

Revenue
CRCL FY2023: $1.5BCRCL FY2025: $1.7BCRCL FY2025: $2.7BNU FY2019: $612.1MNU FY2021: $737.1MNU FY2021: $1.7BNU FY2022: $4.8BNU FY2023: $8BNU FY2024: $11.5BFY19FY21FY22FY23FY24FY25
CRCL $2.7BNU $11.5B
Net income
CRCL FY2023: $267.6MCRCL FY2025: $155.7MCRCL FY2025: -$69.5MNU FY2019: -$92.5MNU FY2021: -$171.5MNU FY2021: -$165MNU FY2022: -$364.6MNU FY2023: $1BNU FY2024: $2BFY19FY21FY22FY23FY24FY25
CRCL -$69.5MNU $2B
Net margin
CRCL FY2023: 18.4%CRCL FY2025: 9.3%CRCL FY2025: -2.5%NU FY2019: -15.1%NU FY2021: -23.3%NU FY2021: -9.7%NU FY2022: -7.6%NU FY2023: 12.8%NU FY2024: 17.1%FY19FY21FY22FY23FY24FY25
CRCL -2.5%NU 17.1%
Revenue growth
CRCL FY2025: +15.6%CRCL FY2025: +63.9%NU FY2021: +20.4%NU FY2021: +130.4%NU FY2022: +182.2%NU FY2023: +67.5%NU FY2024: +43.4%FY21FY22FY23FY24FY25
CRCL +63.9%NU +43.4%
Free cash flow
CRCL FY2023: $138.9MCRCL FY2025: $326.4MCRCL FY2025: $529.7MFY23FY25
CRCL $529.7MNU

Fiscal years as each company reports them; the two may end in different months.

Questions about Circle Internet and Nu

Which is bigger by revenue, Circle Internet or Nu?

Nu is bigger by revenue: $11.5B in fiscal 2024, against $2.7B for Circle Internet in fiscal 2025.

Which keeps more of its revenue as profit, Circle Internet or Nu?

Circle Internet had a net margin of -2.5% in fiscal 2025; Nu had 17.1% in fiscal 2024.

Which grew revenue faster, Circle Internet or Nu?

In their latest fiscal years revenue changed by +63.9% at Circle Internet and +43.4% at Nu.

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.

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