Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale
Price-discovery chart
Solid line = the referenced cash market is in session / dotted line = outside the session (overnight and weekends); both show the same perpetual-futures reference value (line styles are not distinguished at narrow display widths). About the data
Saved open interest, contract count
Saved funding rate, per-hour decimal
A U.S. company that issues USDC.
Source: Hyperliquid · Last updated · Perpetual-futures reference value
Cash New York: 09:30–16:00. When closed: perpetual-futures reference. Hyperliquid xyz perpetual-futures reference.
How to read the chart
Reference chart of Hyperliquid perpetual-futures candles for Circle, not the official cash-market chart.
Reference value and method
How the numbers and formulas on this page work: Symbol page guide.
Circle is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.
Observed value at 2026-09-27 22:04 UTC
- Asset class
- Listed-company stock reference
- Source
- Hyperliquid / xyz:CRCL
- Price unit
- USDC reference
- Reference value
- USDC 89.226
- 24h
- +0.92%
- Method
- Use the mid price; use the mark price only when no mid price can be obtained
- Referenced contracts
- xyz:CRCL
- Observed time
- Saved observation
Ratio = 89.226 / 88.415 − 1 = +0.92% (shown as a percentage, rounded to two decimal places).
Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.
Fundamental figures are the values filed by the issuer in its annual report (10-K) and retrieved through the SEC EDGAR companyfacts API. No estimate or interpolation is used. Reference P/E is the only derived value that divides a Hyperliquid reference by SEC EDGAR EPS; its complete formula is printed beside the result on the symbol page.
This site does not provide investment advice.
Range position
2025-12-15 – 2026-10-08 · 298 daily candles (settled only). Daily candles are 24-hour perpetual-futures values, not official exchange closes.
- Low for this period
- USDC 47.779 (2026-02-06)
- High for this period
- USDC 140 (2026-05-12)
- Position
- 44.9%
- Reference used for position
- USDC 89.226
- Observed at
Highs and lows after the collection period are not included.
About this symbol
The company reports as one operating segment and is assessed as a whole. The assets issued are USDC, denominated in US dollars, and EURC, denominated in euro. USDC is redeemable one for one and runs on 30 public blockchains.
About 88% of the reserves behind USDC sit in the Circle Reserve Fund. That is the share as of 31 December 2025. The fund is a government money market fund managed by BlackRock. Its assets are held in custody by BNY. The remainder is held as cash, mostly in customer-name accounts at large international banks. All of the above is from the 10-K filed 9 March 2026.
Sourced explanations (10)
Explanations may include summaries and translations. Follow the source links for the original text.
Business and products
10-K filed:
-
The company reports as one operating segment and is assessed as a whole. The assets issued are USDC, denominated in US dollars, and EURC, denominated in euro. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
USDC is redeemable one for one and runs on 30 public blockchains. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
About 88% of the reserves behind USDC sit in the Circle Reserve Fund as of 31 December 2025. It is a government money market fund managed by BlackRock. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
The assets of the Circle Reserve Fund are held in custody by BNY. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
The filing states that the reserves are not lent, pledged, or used as collateral. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
USDC in circulation stood at $75.266 billion at the end of 2025. A year earlier it was $43.857 billion. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
Income from the reserves made up 96.0% of 2025 revenue. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
-
The company holds a virtual currency business licence from the New York State Department of Financial Services. In December 2025 it received preliminary conditional approval from the Office of the Comptroller of the Currency to form a national trust bank. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
Customers and regions
10-K filed:
-
The remainder of the reserves is held as cash, mostly in customer-name accounts at large international banks. The reserves behind EURC are held entirely as cash. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
People and history
10-K filed:
-
Approximately 1,100 people were employed as of 31 December 2025. An initial public offering was carried out in June 2025 at $31.00 a share. From the 10-K filed 9 March 2026.
Source: SEC EDGAR
Basic information
10-K filed:
Of the three classes of stock, only Class A is listed.
Source: SEC EDGAR
Fundamentals SEC EDGAR retrieved 2026-08-21
Source = SEC EDGAR companyfacts API, CIK 0001876042 (CIRCLE INTERNET GROUP, INC.). Extraction = us-gaap tags; form 10-K; fp FY; duration 340–400 days, excluding quarters. When more than one 10-K reports the same fiscal period end, the value from the last-filed 10-K is used. Years that could not be retrieved are not drawn.
CIRCLE INTERNET GROUP, INC. filings on SEC EDGAR (CIK 0001876042)
Annual revenue and net income
Axis = USD (billions) = 1,000,000,000 USD. Available annual periods = 3 (FY2023–FY2025). Revenue tag priority = RevenueFromContractWithCustomerExcludingAssessedTax → Revenues; the next tag is used only for a year missing from the prior tag. Net-income tag priority = NetIncomeLoss, under the same per-year fallback rule.
FY2025 Net income −69,508,000 USD are negative, so no bars are drawn. The exact values remain in the tables.
Latest 3 annual periods (unit USD)
| Fiscal year | Revenue | Net income | Net income / revenue |
|---|---|---|---|
| FY20232023-12-31 | 19,860,000 | 267,562,000 | 1347.24% |
| FY20242024-12-31 | 15,169,000 | 155,667,000 | 1026.22% |
| FY20252025-12-31 | 109,820,000 | −69,508,000 | −63.29% |
Net income / revenue uses only the two numbers in the same row and is rounded to two decimal places.
Annual diluted EPS (source currency per share)
Tag = EarningsPerShareDiluted. Per-share history can be restated after a stock split. From the latest 10-K, this table connects only filings whose values match exactly for every overlapping fiscal year. Displayed years = FY2023, FY2024, FY2025 (3 years); latest filing date = 2026-03-09.
| Fiscal year | Diluted EPS | 10-K filing date |
|---|---|---|
| FY20232023-12-31 | 0.78 | 2026-03-09 |
| FY20242024-12-31 | 0.3 | 2026-03-09 |
| FY20252025-12-31 | −0.44 | 2026-03-09 |
Years whose share basis could not be matched are not placed in this table. No split ratio or backward adjustment is calculated here.
Reference P/E
Reference P/E = 89.226 (reference at 2026-09-27 22:04 UTC) ÷ −0.44 (FY2025 diluted EPS · SEC EDGAR retrieved 2026-08-21) = -202.79 (rounded to two decimal places)
The numerator is the xyz:CRCL perpetual-futures reference, not an official cash-market price. The denominator is diluted EPS reported in the issuer's annual filing. The two bases differ, so this derived value is not directly comparable with a published P/E ratio.
Market observations Retrieved: 2026-09-27 22:04 UTC
24h volume Retrieved: 2026-09-27 22:04 UTC
- Notional (USDC)
- 5,173,623.55
- Contracts
- 57,810.022
- Nominal / quantity
- 89.493541Notional ÷ contracts, using the values before rounding; rounded to six decimal places
Open interest (OI) Retrieved: 2026-09-27 22:04 UTC
- Open interest (contracts)
- 1,215,680.500
- Mark price
- 89.283
- Notional (contracts × mark price)
- 108,539,602.08Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places
Funding rate Retrieved: 2026-09-27 22:04 UTC
Funding: Hourly -0.0001364985 = -0.01364985% (shown as a percentage); ×24 (daily conversion) = -0.3275964%; ×24×365 (365-day conversion) = -119.572686% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is negative).
- Hourly
- -0.0001364985As a percentage: -0.01364985%
- ×24 (daily conversion)
- -0.3275964%
- ×24×365 (365-day conversion)
- -119.572686%
Hyperliquid field names and values before rounding: notional = dayNtlVlm 5173623.5482260035 USDC; contracts = dayBaseVlm 57810.022; open interest = openInterest 1215680.5000000007 contracts; mark price = 89.283; hourly funding rate = funding -0.0001364985.
Daily observation log (67 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC
Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 0/67 · Missing dates: 4
Show 67 saved daily records
Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.
Scroll horizontally to see all columns.
| Observed at (UTC) | Mid price | Previous-day reference | vs previous-day reference | Open interest | 24h notional volume (USDC) |
|---|---|---|---|---|---|
| 68.04 | 66.921 | +1.67% | 642938.084 | 2973182.3839749997 | |
| 67.974 | 68.056 | -0.12% | 630693.6040000001 | 2761274.559194 | |
| 67.021 | 68.097 | -1.58% | 642020.102 | 17790004.0649849959 | |
| 71.313 | 66.974 | +6.48% | 598986.274 | 23709105.9330590032 | |
| 71.048 | 71.373 | -0.46% | 641501.058 | 15706224.2692389991 | |
| 75.114 | 71.037 | +5.74% | 610780.716 | 17471180.6477600001 | |
| 71.174 | 75.011 | -5.12% | 672928.268 | 19924439.8193339892 | |
| 71.215 | 71.154 | +0.09% | 674031.13 | 1811944.0330850002 | |
| 74.771 | 71.592 | +4.44% | 619967.2659999999 | 22009526.3329389989 | |
| 71.485 | 74.733 | -4.35% | 643254.578 | 22772255.3999550007 | |
| 80.457 | 71.515 | +12.50% | 577274.92 | 54307858.258163996 | |
| 83.312 | 80.475 | +3.53% | 538666.464 | 94488499.1522479951 | |
| 89.129 | 83.357 | +6.92% | 645194.996 | 79941813.522328034 | |
| 87.138 | 89.214 | -2.33% | 584368.48 | 16954586.8335289881 | |
| 88.424 | 87.308 | +1.28% | 574576.4199999999 | 11278614.0515380017 | |
| 87.777 | 88.352 | -0.65% | 632696.944 | 53415497.6644070148 | |
| 91.606 | 87.729 | +4.42% | 725467.218 | 92035905.8760550022 | |
| 90.208 | 91.861 | -1.80% | 455007.852 | 86710171.5518720299 | |
| 94.943 | 90.195 | +5.26% | 466015.208 | 26999886.0067300014 | |
| 86.743 | 95.018 | -8.71% | 952643.968 | 59685428.349947989 | |
| 88.015 | 86.711 | +1.50% | 950599.486 | 4098333.3189229993 | |
| 89.34 | 87.889 | +1.65% | 955295.58 | 4452352.3177480018 | |
| 94.997 | 89.115 | +6.60% | 473921.26 | 66878482.2720390111 | |
| 89.102 | 94.96 | -6.17% | 591130.406 | 31365354.6302239969 | |
| 88.683 | 88.9 | -0.24% | 684872.064 | 25260150.3382990062 | |
| 102.375 | 88.654 | +15.48% | 630801.03 | 67242976.4195609987 | |
| 101.765 | 102.23 | -0.45% | 570705.7879999999 | 65753435.1046339869 | |
| 101.875 | 101.94 | -0.06% | 568935.558 | 3272690.4843899994 | |
| 104.67 | 101.99 | +2.63% | 588300.232 | 13742095.1843099967 | |
| 91.966 | 96.084 | -4.29% | 728906.3379999999 | 37003569.7347079813 | |
| 90.149 | 91.944 | -1.95% | 1008339.1980000002 | 41381794.385947004 | |
| 90.907 | 90.128 | +0.86% | 1268944.3659999992 | 38767913.4566530138 | |
| 91.071 | 90.922 | +0.16% | 1273147.4640000002 | 2475578.9953050008 | |
| 95.858 | 90.471 | +5.95% | 757640.4839999999 | 104596516.0055040866 | |
| 84.928 | 95.904 | -11.44% | 786975.9559999999 | 61920648.0862087905 | |
| 80.321 | 84.668 | -5.13% | 845252.5080000001 | 69135384.0939760655 | |
| 84.522 | 80.906 | +4.47% | 832014.289999997 | 32283842.5535450205 | |
| 91.666 | 84.614 | +8.33% | 743015.0619999998 | 28892403.2142790221 | |
| 91.664 | 91.623 | +0.04% | 731910.65 | 17004612.7898990177 | |
| 91.228 | 91.819 | -0.64% | 747140.4279999995 | 9980509.9888089988 | |
| 94.468 | 91.139 | +3.65% | 749892.98 | 42942743.0774539858 | |
| 94.15 | 94.74 | -0.62% | 767336.718 | 47132153.5850540102 | |
| 91.749 | 94.117 | -2.52% | 944350.4820000001 | 47694191.2349749878 | |
| 92.58 | 91.783 | +0.87% | 910852.312 | 85768820.2118310034 | |
| 86.876 | 92.527 | -6.11% | 1230310.8540000003 | 55991548.9321580231 | |
| 88.436 | 86.855 | +1.82% | 1223181.9920000001 | 8014655.5978619959 | |
| 89.226 | 88.415 | +0.92% | 1215680.5000000007 | 5173623.5482260035 | |
| 85.461 | 89.512 | -4.53% | 1335230.3859999997 | 43075018.0008400232 | |
| 83.986 | 85.486 | -1.75% | 1731667.6419999998 | 51399416.2066210136 | |
| 81.785 | 83.905 | -2.53% | 1711346.0119999992 | 39565791.564328894 | |
| 83.007 | 82.02 | +1.20% | 1445764.922 | 49176146.2174809948 | |
| 81.579 | 82.979 | -1.69% | 1436096.2040000001 | 31419161.3463880271 | |
| 82.105 | 81.675 | +0.53% | 1427960.5260000001 | 3211502.2932620002 | |
| 83.627 | 82.136 | +1.82% | 1434078.2819999994 | 3203967.8953460041 | |
| 83.887 | 83.301 | +0.70% | 1379572.802000002 | 30347139.2169339731 | |
| 84.702 | 83.776 | +1.11% | 1333596.7379999999 | 22532902.9160310104 | |
| 80.689 | 84.641 | -4.67% | 1378467.8879999996 | 20676270.0304008983 | |
| 81.192 | 80.675 | +0.64% | 1421051.6899999999 | 32756661.561642006 | |
| 84.641 | 81.182 | +4.26% | 1447936.8959999999 | 51811332.6985679939 | |
| 86.068 | 84.693 | +1.62% | 1472035.9539999994 | 4832032.2324919999 | |
| 86.436 | 86.006 | +0.50% | 1533195.6859999998 | 9101104.8078780081 | |
| 83.554 | 86.3 | -3.18% | 1722543.7239999999 | 37808239.3273899928 | |
| 84.489 | 83.484 | +1.20% | 1486649.3060000001 | 60359273.9684019983 | |
| 78.956 | 84.378 | -6.43% | 2109348.5040000002 | 74722048.7794910371 | |
| 86.294 | 78.965 | +9.28% | 979276.9260000001 | 175990974.2858600318 | |
| 82.183 | 86.115 | -4.57% | 920880.48 | 62515998.7400040329 | |
| 81.317 | 82.2 | -1.07% | 927369.3340000005 | 4915958.5329749985 |
Dates without a saved record in the displayed period: 2026-08-16, 2026-09-07, 2026-09-08, 2026-09-13.
Period range (67 records with a mid price)
Period range over 67 daily log rows: first mid price 68.04; last mid price 81.317; highest mid price in the period 104.67; lowest mid price in the period 67.021.
- First mid price2026-08-08 22:05:00.098 UTC
- 68.04
- Last mid price2026-10-17 22:04:59.595 UTC
- 81.317
- Highest mid price in the period2026-09-06 22:04:51.569 UTC
- 104.67
- Lowest mid price in the period2026-08-10 22:05:04.501 UTC
- 67.021
Market hours
| Trading hours | New York time 09:30-16:00 |
|---|---|
| Days | Weekdays. Check the related venue calendar for holidays. |
Other symbols in this group
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Frequently asked questions
What are Circle's annual revenue and net income?
The latest available annual filing (10-K) reports FY2025 ending 2025-12-31: revenue 109,820,000 USD and net income −69,508,000 USD. The figures were retrieved from SEC EDGAR on 2026-08-21. A missing figure is omitted rather than estimated.
How is the reference P/E for Circle calculated?
The live xyz:CRCL perpetual-futures reference is divided by FY2025 diluted EPS of USD −0.44 per share, then rounded to two decimal places. The exact numerator, denominator, retrieval time, and result are printed in the Reference P/E formula. The reference is not an official cash-market price, so its basis differs from a published P/E ratio.
Are the Circle chart and the figures below the same data?
No. The chart and Market observations use the live Hyperliquid perpetual-futures response. Fundamentals use annual figures filed with the SEC and retrieved on 2026-08-21. Only the Reference P/E combines the two, and its formula is printed beside the value.