NYSE$CRCL

Circle Internet Group Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open

Briefing

Circle reported Q2 2025, revenue of $634K.

For Q2 2025, Circle reported revenue of $634K. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $634K.
  • Circle highlights operating priorities and capital allocation.
  • Circle highlights operating priorities and capital allocation.

Headline financials

Total Revenue

$658M

No prior period
EPS

-$4.48

No prior period
USDC in Circulation

$61.3B

No prior period
Adjusted EBITDA

$126M

No prior period
Adjusted EBITDA Margin

50.0%

No prior period
Revenue Less Distribution Costs

$251M

No prior period
RLDC Margin

38.0%

No prior period
Meaningful Wallets

5.7M

No prior period
USDC Minted

$42.2B

No prior period
USDC Redeemed

$40.8B

No prior period
Stablecoin Market Share

28.0%

No prior period
Capital Expenditures

-$7.42M

No prior period
Free Cash Flow

-$490M

No prior period
Net Income

-$482M

No prior period
Operating Income

-$326M

No prior period
Gross Profit

$658M

No prior period
Cash & Equivalents

$1.12B

No prior period
Total Assets

$64.2B

No prior period

Revenue & EPS history

Circle Internet Group Inc · Revenue · Quarterly

$658M

Q2 2025
Beat estimate in 3 of 4 quarters(75%)
ActualEstimate

Forward guidance

The release discusses Circle's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Circle cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+10.1%

Avg return

Earnings day

+6.8%

Avg return

5 days after

-2.5%

Avg return

30 days after

75%

3 / 4 earnings

Positive

+35.5%

Q4 2025

Best reaction

-12.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.8%+0.0%-30.6%
Q4 2025+35.5%+56.7%+52.6%
Q3 2025-12.2%-22.1%-15.1%
Q2 2025+1.3%-7.4%-17.0%

Discussion

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