NYSE$CRCL

Circle Internet Group Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open

Briefing

Circle reported Q4 2025, revenue of $770.2M, net income of $133.4M, diluted EPS of $0.43.

For Q4 2025, Circle reported revenue of $770.2M, net income of $133.4M, diluted EPS was $0.43 per the quarterly earnings release and SEC filing.

  • Revenue $770.2M.
  • Net income $133.4M.
  • Diluted EPS $0.43.

Headline financials

Total Revenue

$770M

No prior period
EPS (adj)

$0.43

No prior period
Net Income

$133M

No prior period
Operating Income

$55.2M

No prior period

Revenue & EPS history

Circle Internet Group Inc · Revenue · Quarterly

$770M

Q4 2025
Beat estimate in 3 of 4 quarters(75%)
ActualEstimate

Forward guidance

FY26 other revenue $150–170M; USDC circulation 40% CAGR; adjusted opex $570–585M.

Tailwinds

  • USDC circulation and reserve income growth.
  • Arc testnet toward mainnet 2026.
  • National trust charter progress.

Headwinds

  • Stablecoin regulation.
  • Reserve rate compression.
  • Stock-based compensation.

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 Q4 2025

Historical avgQ4 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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