CRCL tops Q4 estimates as revenues jump 77% Y/Y, fueled by surging USDC circulation, soaring reserve income and sharply higher margins.
Circle Internet Group, Inc. (CRCL) Q4 2025 Earnings Call Transcript
Circle Internet Group, Inc. earns a Buy rating after a strong Q4 beat and encouraging 2026 guidance, despite high volatility and recent underperformance. CRCL delivered Q4 GAAP EPS of $0.43 (vs. $0.16 consensus) and 77% YoY revenue growth, with USDC circulation up 72% and robust margin expansion. Management reiterated a medium-term 40% USDC CAGR, 38–40% RLDC margins, and $570–585M in 2026 adjusted operating expenses, supporting a bullish outlook.
CNBC MacKenzie Sigalos reports on the growth of stablecoin issuer Circle.
Although the revenue and EPS for Circle Internet Group, Inc. (CRCL) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The crypto market got some good news on Wednesday morning, as Circle reported better-than-expected earnings numbers, sending its stock soaring.
Circle Internet Group (NYSE:CRCL), the issuer of the world's second-largest stablecoin, saw its shares surge 23% on Wednesday after reporting a strong fourth-quarter profit, driven by growing demand for its USDC stablecoin. The company posted revenue of $770 million, beating analyst estimates of $744 million and marking a 77% increase from a year earlier.
Circle Internet Group Inc (NYSE:CRCL) stock is leading the tech sector rally today, up 20.3% to trade at $73.84 at last look.
Circle Internet's stock soars, as the stablecoin issuer reported a big jump in fourth-quarter profitability.
The world's second-biggest stablecoin grew in late 2025, defying a crash in bitcoin and other digital assets.
CRCL faces rate-driven revenue risk, rising distribution costs and stiff stablecoin competition ahead of Q4 earnings, with shares down 53% in six months.
Circle Q4 Earnings Preview: Sell This Stock Before February 25