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![jonbma Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::26697653.png) Jon Ma [@jonbma](/creator/twitter/jonbma) on x 11.2K followers
Created: 2025-06-20 23:18:01 UTC

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.

![](https://pbs.twimg.com/media/Gt7EtmqXoAAHWl4.png)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1936201904888955090/c:line.svg)

**Related Topics**
[$570b](/topic/$570b)
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[coins stablecoin](/topic/coins-stablecoin)
[$259m](/topic/$259m)
[$2b](/topic/$2b)
[$78b](/topic/$78b)
[$13b](/topic/$13b)
[$69b](/topic/$69b)

[Post Link](https://x.com/jonbma/status/1936201904888955090)