Circle Internet Group beats Q4 estimates, stock surges

Investing.com -- Circle Internet Group, Inc. (NYSE: CRCL) shares have jumped premarket after the company reported its latest quarterly results.

CRCL posted fourth quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.43, beating the consensus estimate of $0.35. Total revenue and reserve income reached $770 million, surpassing the analyst consensus of $745 million and marking a 77% increase from the same quarter last year.

The company's USDC stablecoin in circulation grew to $75.3 billion at year end, up 72% YoY, while onchain transaction volume surged 247% to $11.9 trillion in the quarter. Adjusted EBITDA climbed 412% YoY to $167 million. Net income from continuing operations was $133 million, an increase of $129 million compared to the prior year period.

Shares have jumped more than 10% premarket following the results.

"The fourth quarter marked another step forward in Circle's mission to build the infrastructure for an open, programmable internet financial system," said Jeremy Allaire, Co-Founder, Chief Executive Officer, and Chairman at Circle. "USDC adoption continued to expand globally as more enterprises, developers, and public institutions integrated digital dollars into real-world payments, treasury, and onchain financial workflows."

For fiscal year 2026, Circle provided guidance for other revenue of $150 million to $170 million and adjusted operating expenses of $570 million to $585 million. The company expects an RLDC margin of 38% to 40% for the full year. Circle also provided multi-year guidance for USDC in circulation, targeting a 40% compound annual growth rate through cycle.

The company reported full year fiscal 2025 revenue of $2.7 billion, up 64% YoY, though it posted a net loss from continuing operations of $70 million, significantly impacted by $424 million in stock-based compensation related to vesting conditions met by its IPO.

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