olivLaw · US equity research
Circle8 Group Inc. CIRC
Services-Help Supply Services · SIC 7363 · Vertical: Services-Help Supply Services (SIC 7363)
Circle8 Group Inc. is a staffing and recruitment platform operating in the United States and Europe, formed after the January 2026 acquisition of Circle8, which added specialised IT talent to the company's industrial staffing base. The renaming and move to Nasdaq under CIRC in July 2026 marked a new stage, with quarterly revenue rising sharply after the acquisition but with large net losses and going-concern questions that merit monitoring.
At the close of 04 Nov 2026, Circle8 Group Inc. (CIRC) stock was 0.23 USD (−4.90% on the day), with market capitalisation 26.7 m USD, beta -0.08, 52-week range 0.22–4.50 USD. Latest reported quarter (Q2 2026): revenue of 319.8 m USD (+210.8% YoY), net income of -86.4 m USD, diluted EPS -0.98 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 37.5
- weak (30–45)
- Bollinger (20, 2)
- 0.16 – 0.47
- in the lower half of the band · %B 0.24 · band width 99.9%
- SMA 50 / 200
- 0.44 / 1.58
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / -0.06
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −56.7% | −1.1% | −55.6 pp | — |
| 3 months | −65.6% | −0.5% | −65.2 pp | — |
| 6 months | −84.5% | +4.4% | −88.9 pp | — |
| Year to date | −82.5% | +12.3% | −94.8 pp | — |
| 1 year | −91.1% | +13.5% | −104.6 pp | +54.7% |
| 3 years | −97.8% | +76.4% | −174.2 pp | −36.8% |
| 5 years | −99.8% | +63.7% | −163.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107.8 m | 129.5 m | 102.8 m | 102.9 m | 110.1 m | 120.0 m | 249.9 m | 319.8 m |
| Cost of revenue | 95.9 m | 116.2 m | 91.6 m | 91.5 m | 97.7 m | 109.1 m | 228.5 m | 296.0 m |
| Gross profit | 11.9 m | 13.3 m | 11.2 m | 11.4 m | 12.4 m | 11.0 m | 21.4 m | 23.8 m |
| SG&A | 17.2 m | 18.0 m | 19.4 m | 18.9 m | 19.9 m | 33.1 m | 32.0 m | 34.8 m |
| Operating income | -6.5 m | -5.9 m | -9.4 m | -8.7 m | -8.7 m | -23.4 m | -14.9 m | -15.4 m |
| Depreciation & amortisation | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 4.3 m | 4.4 m |
| Interest expense | 1.5 m | 1.5 m | 1.3 m | 2.0 m | 2.1 m | 3.8 m | 3.6 m | 4.3 m |
| Pre-tax income | -8.3 m | -43.5 m | -10.7 m | -10.7 m | -10.8 m | -27.1 m | -30.8 m | -87.8 m |
| Income tax | -1.2 m | 25.1 m | 9.6 k | 9.6 k | 9.1 k | 5.6 k | -73.2 k | -1.4 m |
| Net income | -7.0 m | -68.7 m | -10.7 m | -10.7 m | -10.8 m | -27.1 m | -30.7 m | -86.4 m |
| Diluted EPS | -0.16 | -1.41 ≈ | -0.20 | -0.20 | -0.20 | -0.49 ≈ | -0.44 | -0.98 |
| Operating cash flow | -1.3 m ≈ | -426.3 k | 14.6 m | -9.5 m ≈ | -1.3 m ≈ | -8.2 m | -9.9 m | -3.8 m ≈ |
| Capex | 15.1 k ≈ | 23.1 k | 12.1 k | 18.0 k ≈ | 14.4 k ≈ | 22.3 k | 40.6 k | 40.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 329.5 k | 210.0 k | 78.7 k | 401.4 m | 442.6 m | 435.9 m |
| Revenue YoY | unavailable | −36.3% | −62.5% | — | +10.3% | −1.5% |
| Net income | -1.0 m | -3.7 m | -4.1 m | -15.3 m | -135.5 m | -59.4 m |
| Net income YoY | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| Diluted EPS | unavailable | -0.51 | -12.38 | -0.60 | -3.68 | -1.08 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| net % | -317.3% | -1,763.6% | -5,205.8% | -3.8% | -30.6% | -13.6% |
| Free cash flow | unavailable | -2.0 m | -3.7 m | -9.2 m | -6.1 m | -4.5 m |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 81.1 k USD
- Financial debt
- 84.7 m USD
- Net debt
- 84.6 m USD
- Equity
- -32.1 m USD
- Total assets
- 113.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.71x
- ROE
- unavailable
- ROA
- -51.0%
- FCF margin
- -1.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 329.5 k | 210.0 k | 78.7 k | 401.4 m | 442.6 m | 435.9 m | SEC (XBRL)· 15 Apr 2026verified |
| Cost of revenue | 170.8 k | 57.7 k | 1.2 k | 0 | 395.4 m | 389.9 m | SEC (XBRL)· 15 Apr 2026verified |
| Gross profit | 158.7 k | 152.3 k | 78.0 k | 46.9 m | 47.2 m | 46.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Research & development | 331.0 k | 530.1 k | 1.6 m | 2.3 m | — | — | SEC (XBRL)· 10 Apr 2024verified |
| SG&A | — | — | — | 45.4 m | 64.0 m | 91.3 m | SEC (XBRL)· 15 Apr 2026verified |
| Operating income | -949.7 k | -2.5 m | -4.0 m | -3.5 m | -21.8 m | -50.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Depreciation & amortisation | — | — | — | 5.0 m | 5.0 m | 4.9 m | SEC (XBRL)· 15 Apr 2026verified |
| EBITDA | — | — | — | 1.6 m ≈ | -16.8 m ≈ | -45.3 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Interest expense | 287.2 k | 208.3 k | 90.7 k | 17.5 m | 12.0 m | 9.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Pre-tax income | — | — | — | -21.2 m | -130.1 m | -59.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Income tax | — | — | — | -5.9 m | 5.4 m | 34.0 k | SEC (XBRL)· 15 Apr 2026verified |
| Net income | -1.0 m | -3.7 m | -4.1 m | -15.3 m | -135.5 m | -59.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Diluted EPS | — | -0.51 | -12.38 | -0.60 | -3.68 | -1.08 | SEC (XBRL)· 15 Apr 2026verified |
| Weighted average diluted shares | — | 7.2 m | 330.6 k | 25.4 m | 36.8 m | 54.8 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | — | 4.0 m | 2.2 m | 1.4 m | 678.7 k | 81.1 k | SEC (XBRL)· 15 Apr 2026verified |
| Receivables | — | — | 21.2 k | 58.8 m | 64.1 m | 65.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Inventories | 203.0 k | 224.2 k | 165.9 k | — | — | — | SEC (XBRL)· 16 Mar 2023verified |
| Current assets | 342.5 k | 10.4 m | 6.6 m | 78.8 m | 85.0 m | 81.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Property, plant & equipment, net | 337.2 k | 265.3 k | 530.1 k | 432.7 k | 307.6 k | 239.2 k | SEC (XBRL)· 15 Apr 2026verified |
| Goodwill | — | — | — | — | — | 0 | SEC (XBRL)· 22 Jun 2026verified |
| Intangibles (excl. goodwill) | — | — | — | 36.2 m | 31.4 m | 26.6 m | SEC (XBRL)· 15 Apr 2026verified |
| Total assets | 694.0 k | 10.7 m | 8.4 m | 126.7 m | 119.8 m | 113.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Accounts payable | 861.8 k | 871.4 k | 622.4 k | 799.6 k | 2.0 m | 5.1 m | SEC (XBRL)· 15 Apr 2026verified |
| Short-term debt | — | — | — | 138.9 m | 43.9 m | 55.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Long-term debt | — | — | — | 0 | 36.7 m | 28.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Current liabilities | 1.0 m | 2.6 m | 1.2 m | 161.6 m | 94.2 m | 115.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Total liabilities | 4.5 m | 2.6 m | 4.0 m | 166.0 m | 131.8 m | 145.3 m | SEC (XBRL)· 15 Apr 2026verified |
| Equity | -3.9 m † | 8.2 m † | -27.3 m † | -39.4 m † | -12.0 m † | -32.1 m † | SEC (XBRL)· 15 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -757.9 k | -2.0 m | -3.7 m | -9.1 m | -6.0 m | -4.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Capex | — | 14.5 k | 40.0 k | 73.7 k | 73.5 k | 66.8 k | SEC (XBRL)· 15 Apr 2026verified |
| Free cash flow | — | -2.0 m ≈ | -3.7 m ≈ | -9.2 m ≈ | -6.1 m ≈ | -4.5 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Investing cash flow | — | -6.0 m | 1.8 m | -73.7 k | -73.5 k | -66.8 k | SEC (XBRL)· 15 Apr 2026verified |
| Financing cash flow | 752.0 k | 12.0 m | — | 8.8 m | 5.4 m | 3.9 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 26.7 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -19.4% | 0 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 1,669.6% | 100 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -4.6x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 0.4x | 0 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -87.3% | 0 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CIRCLE8 GROUP INC. (CIRC). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 435.9 m USD in 2025; YoY growth -1.5%; net margin -19.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 1,669.6%
What contradicts it
- Net margin: -19.4%
- Interest coverage: -4.6x
- Current ratio: 0.4x
- FCF yield: -87.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Services-Help Supply Services (SIC 7363) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| RHIRobert Half Inc. | 4.6 bn | 37.2 | 9.8% | 2.3% | −7.2% | +66% / −45% |
| MANManpowergroup Inc. | 2.2 bn | 18.5 | 5.8% | 0.6% | +0.6% | +63% / −37% |
| NSPInsperity, Inc. | 2.0 bn | 564.4 | 4.6% | 0.0% | +3.5% | +46% / −55% |
| AMNAmn Healthcare Services, Inc. | 1.8 bn | 17.8 | 15.6% | 3.1% | −8.5% | +187% / −30% |
| EFOREverforth, Inc. | 1.5 bn | 22.7 | 3.7% | 1.7% | −2.9% | −18% / −59% |
| KFRCKforce Inc | 1.0 bn | 24.4 | 30.5% | 3.0% | −5.4% | +98% / −16% |
| BBSIBarrett Business Services, Inc. | 802.2 m | 24.4 | 16.3% | 2.8% | +8.4% | −6% / +20% |
| TBITrueBlue, Inc. | 300.0 m | — | -15.9% | -2.6% | +3.1% | +101% / −29% |
| RCMTRcm Technologies, Inc. | 248.1 m | 15.1 | 39.5% | 5.1% | unavailable | +78% / +29% |
| HQIHireQuest, Inc. | 246.4 m | 30.9 | 12.1% | 27.1% | −11.4% | +104% / +20% |
| TTECTTEC Holdings, Inc. | 75.4 m | — | -108.2% | -10.2% | −3.2% | −54% / −92% |
| DLHCDlh Holdings Corp. | 53.5 m | — | -20.8% | -8.5% | −13.0% | −41% / −73% |
| BGSFBgsf, Inc | 41.8 m | — | -4.4% | -2.3% | −10.6% | −15% / −60% |
| STRRStar Equity Holdings, Inc. | 35.5 m | — | -18.2% | -4.3% | +22.9% | −5% / −39% |
| CIRCCircle8 Group Inc. | 26.7 m | — | — | -19.4% | −1.5% | −91% / −98% |
| YFORYY Group Holding Ltd. | 4.3 m | — | -94.1% | -11.8% | +29.4% | −100% / unavailable |
| KELYAKelly Services, Inc. | — | — | -24.3% | -6.7% | −1.9% | +96% / −19% |
1- and 3-year price returns: for CIRC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Circle8 Group Inc. is a staffing and recruitment platform operating in the United States and Europe, formed after the January 2026 acquisition of Circle8, which added specialised IT talent to the company's industrial staffing base. The renaming and move to Nasdaq under CIRC in July 2026 marked a new stage, with quarterly revenue rising sharply after the acquisition but with large net losses and going-concern questions that merit monitoring.
SWOT
Strengths
- The company has long-standing corporate client relationships and a national footprint through Lyneer's offices 1.
- The Circle8 acquisition diversified revenue and added a faster-growing IT segment with potentially better margins.
- Management has long experience in staffing and capital markets, which may support integration.
Weaknesses
- The company reported large net losses and heavy administrative costs, including stock compensation 12.
- Debt is significant and the company was in default under major credit facilities, which limits financial flexibility 1.
- Circle8's consolidated financial statements were not yet finalised at the annual report date, which led to going-concern doubts 1.
Opportunities
- Integrating the two platforms could create transatlantic clients, potentially increasing revenue from multinational contracts.
- Demand for AI, cybersecurity and cloud talent, cited by management, could support the IT segment 3.
- Fragmentation in staffing could offer later acquisitions if access to financing improves.
Risks
- Litigation with former lenderhigh
The company and Lyneer subsidiaries are in a dispute with a former lender that could seek to take control of operations. The outcome cannot yet be determined, and an unfavourable ruling could have significant effects 1.
- Going-concern doubtshigh
Auditors included a going-concern qualification, partly because consolidated statements with Circle8 were not complete 1. If these issues are not resolved, financing could become more costly.
- High debt and credit covenantshigh
Lyneer and IDC debts are jointly and severally linked, and failure to meet covenants could lead to early repayment of borrowings 1.
- Concentration on major clientsmedium
Lower revenue from the largest client contributed to the decline in temporary revenue in 2025 1. Losing major clients could quickly affect results.
- Currency and international exposuremedium
Operations in Europe expose the company to currency swings, tax changes and political or natural events 1.
Investment thesis
What would need to be true (bull case)
- If the Circle8 integration succeeds and quarterly revenue holds near recent levels, the company could become a leading transatlantic staffing platform.
- The IT segment, with potentially better margins and growth, could offset pressure in industrial staffing.
- If the dispute with the former lender is resolved favourably, pressure on the capital structure could ease considerably.
What would break the thesis
- Large net losses and going-concern doubts could limit access to financing and could force restructuring.
- Dependence on a few large clients and clauses allowing rapid termination could lead to sudden revenue drops.
- If integration is delayed or synergies do not materialise, acquisition costs could remain a burden on margins.
What to watch
- Outcome of the former lender lawsuit and the request for interim relief2026
- Revenue and gross margin trends in the European IT segmentQ3 2026
- Status of debt refinancing and compliance with credit covenantsQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Circle8 Group Inc., formerly Atlantic International Corp, provides temporary and permanent staffing and workforce management consulting. Its US operations, centred on Lyneer, cover finance, administrative, IT, legal, light industrial and medical verticals. Since January 2026 the group includes Circle8 Group B.V., a European IT talent specialist that manages over 16,000 professionals, according to the annual report 1.
The business model combines temporary placement, direct hire and vendor management services. Large national and multinational clients make up over 60% of Lyneer's revenue base 1 and often work with several firms at once. Circle8 earns revenue mainly from hourly or daily rates for placed professionals.
Segments
Market context
Market structure differs across the group's segments: in industrial staffing competition rests on large office networks, while in IT it rests on specialisation and corporate relationships. Management argues that integrating the two platforms could open transatlantic opportunities, though this depends on execution.
Trends
- Digitalisation of recruitment and AImixed
Online platforms and AI tools shorten recruitment times and automate parts of selection, which could lower costs for more efficient agencies 1. However, professional social networks let employers recruit without intermediaries, which could shrink the share of traditional agencies.
- Outsourcing of HR functions and temporary workforcestailwind
Companies increasingly outsource entire departments and rely on temporary or leased workers, opening opportunities for outsourced services firms 1. If this continues, it could support growth in the vendor management segment.
- Economic uncertainty and cost pressureheadwind
Broader economic uncertainty can slow demand for temporary staff and pressure margins, especially in industrial segments where clients compare prices closely 1.
- Labour and data regulationheadwind
Labour, privacy and anti-corruption laws can restrict certain services or impose extra licences and taxes, which could raise operating costs in both regions 1.
Competitive position
Competition is intense, with low barriers to entry, and rivals include search, consulting and staffing firms, some with greater financial and marketing resources than Lyneer 1. Online platforms and professional networks compete directly with traditional agencies. In European IT, competition comes from specialised firms operating across several markets.
In the US market, firms with large office networks have an advantage in national contracts, while local firms dominate smaller client relationships. The company says geographic and industry diversification can support its position, but competition in IT remains tight.
- Online recruitment platforms and professional networks
Named in the annual report as rivals that let employers recruit without agencies 1.
- Executive search and professional consulting firms
Compete for the same specialised talent segments, some with larger resources 1.
- Local staffing agencies
Dominate relationships with small and mid-sized clients in regions where Lyneer operates 1.
- European IT talent and consulting firms
Direct rivals of Circle8 Group B.V. in Europe in software and cybersecurity segments 2.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement03 Nov 2026
- Current report23 Oct 2026Item 2.04 · Financial statements and exhibits
- Current report11 Sept 2026Regulation FD disclosure · Other events
- Quarterly report19 Aug 2026
- Current report (amendment)19 Aug 2026Material agreement · Delisting notice · Other events · Financial statements and exhibits
- Current report13 Aug 2026Material agreement · Delisting notice · Other events · Financial statements and exhibits
- Current report01 Jul 2026Material agreement · Departure or appointment of officers · Amendments to articles or bylaws · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Jun 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Quarterly report22 Jun 2026
- Annual report15 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Circle8 Group Inc. · 15 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Circle8 Group Inc. · 19 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Circle8 Group Inc. · 25 Jun 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.