🔵 CIRCLE Q3 REVENUE $865M — Beats Expectations!
Stablecoin giant crushing it!
Q3 2026 Results (Nov 4 Release):
Total Revenue & Reserve Income: $865M +17% YoY (vs $784M expected) — $BEAT by 11%EPS: $0.84 vs $0.42 expected = 100% BEAT — Up from $0.64 last yearNet Income: $226M +5% YoY (vs $214.4M)
Adjusted EBITDA: $317M +85% YoY (vs $171.5M) — Massive margin expansionARC Token Presale: $182M — Biggest driver, expansion beyond stablecoins$USDC Volume: $13.9T +49% YoY — $USDC transaction growth insaneWorkforce: -5% Cut — $9.1M restructuring cost, focusing on AI/platform
What Drove The $Beat?
Circle recognized $182M from $ARC token presale — its move beyond $USDC. Reserve income + USDC adoption drove rest. On-chain $USDC volume hit $13.9T trailing 12 months.
My Take:
Beating EPS by 100% is rare. $317M $EBITDA shows stablecoins have arrived. But stock down -0.84% to $74.59 after hours — market
worried about 5% job cuts and ARC one-time revenue?
Hidden Insight: Adjusted EBITDA margin ∼37% — highest ever. Circle is becoming platform, not just $USDC issuer.
Is $CRCL undervalued here or is $USDC growth priced in?
#Circle #USDC #Q3Earnings #Stablecoin #CRCL #CryptoEarnings#circleq3revenue865m
Stablecoin giant crushing it!
Q3 2026 Results (Nov 4 Release):
Total Revenue & Reserve Income: $865M +17% YoY (vs $784M expected) — $BEAT by 11%EPS: $0.84 vs $0.42 expected = 100% BEAT — Up from $0.64 last yearNet Income: $226M +5% YoY (vs $214.4M)
Adjusted EBITDA: $317M +85% YoY (vs $171.5M) — Massive margin expansionARC Token Presale: $182M — Biggest driver, expansion beyond stablecoins$USDC Volume: $13.9T +49% YoY — $USDC transaction growth insaneWorkforce: -5% Cut — $9.1M restructuring cost, focusing on AI/platform
What Drove The $Beat?
Circle recognized $182M from $ARC token presale — its move beyond $USDC. Reserve income + USDC adoption drove rest. On-chain $USDC volume hit $13.9T trailing 12 months.
My Take:
Beating EPS by 100% is rare. $317M $EBITDA shows stablecoins have arrived. But stock down -0.84% to $74.59 after hours — market
worried about 5% job cuts and ARC one-time revenue?
Hidden Insight: Adjusted EBITDA margin ∼37% — highest ever. Circle is becoming platform, not just $USDC issuer.
Is $CRCL undervalued here or is $USDC growth priced in?
#Circle #USDC #Q3Earnings #Stablecoin #CRCL #CryptoEarnings#circleq3revenue865m
