Circle is now ~$74B enterprise value. Circle is now more valuable than Robinhood ($68B), Nubank ($59B), Block ($38B), and just $4B shy of Coinbase ($78B). Circle now trades at: - 32x revenue - 80x gross profit - 152x EBITDA - 285x earnings In comparison, USDC is $60B of marketcap growing 90% YoY. We'll soon be able to estimate Q2'25 Circle numbers based on onchain stablecoin supply.
Jon Ma
Jon Ma21.6.2025
Circle keeps getting crazier now ~$65B. In comparison - Robinhood ~$69B, $1.3B of net income, 51.5x NI - Coinbase is ~$78B, $2B of net income, 37.3x NI - Circle is ~$65B, $259M of net income, 216x NI Circle now trades for: - 24.2x Q1'25 revenue run rate - 60.7x Q1'25 gross profit run rate - 216x Q1'25 net income run rate. Investors clearly want stablecoin bets.
Hups, nyt 76 miljardia dollaria. $COIN kääntäminen tapahtuu todennäköisesti ennemmin tai myöhemmin. Vau.
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