In one embodiment, a circular pipeline processing system is provided. The system includes a plurality of processing stages configured to operate in a circular pipeline. Each processing stage is configured to output a fully processed data block in response to completing a final processing iteration, and otherwise, store a partially processed data block in a memory buffer of the processing stage. Each processing stage is configured to select between an unprocessed data block and a partially processed data block from the memory buffer of a preceding processing stage, based on one or more of availability of memory sufficient for storage of an unprocessed data block or availability of a partially processed data block. The processing stage is configured to process the selected data block.