CRCL
Circle Internet Group83.00
+7.54+9.99%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
21.12BP/E (TTM)
-Basic EPS (TTM)
-0.85Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Circle's Q2 Surge
Circle Internet Group reported Q2 2025 results with USDC circulation surging 90% year-over-year to $61.3 billion, driving total revenue and reserve income up 53% to $658 million. Yet a $482 million net loss stemmed from $591 million in IPO-tied non-cash charges, while adjusted EBITDA climbed 52% to $126 million. The GENIUS Act bolsters regulatory clarity for stablecoins. Circle Payments Network gains traction with 100+ institutions queued. Arc blockchain launches this fall.
10-Q
Q2 FY2025 results
Circle Internet Group swung to a Q2 FY2025 net loss of $482.1M from $32.9M profit a year earlier, driven by $423.8M in stock-based compensation from IPO-related RSU vesting, while revenue and reserve income jumped 53.0% y/y to $658.1M on 86% higher average USDC circulation to $61.0B, despite a 103 basis point drop in reserve return rate to 4.1%. Operating loss widened to $325.6M from $50.2M income, with net loss further pressured by $167.7M fair value loss on convertible debt; diluted EPS fell to $(4.48) from $0.00 on 107.5M shares, reconciling to the net loss without anti-dilution effects. Key drivers included expanded strategic partnerships boosting USDC minting to $42.2B (up 21.1% y/y) and other revenue tripling to $23.8M from integration services and tokenized funds post-January Hashnote acquisition for $100.1M (cash/stock mix, $96.8M goodwill, $4.5M finite-lived intangibles over 2 years). Liquidity strengthened with $1.1B cash equivalents and $588M corporate-held stablecoins, total debt at $206.1M (2.9% convertible note maturing March 2026), and $303.7M operating cash flow yielding $279.9M free cash flow (derived); no revolver or covenants disclosed. Yet competition from yield-bearing tokens like TMMFs threatens USDC's edge in trading collateral.
8-K
Selipsky joins Circle board
Circle Internet Group appointed Adam Selipsky, former AWS CEO who scaled the cloud giant to over $100B, to its board on July 21, 2025, expanding it to nine members. Selipsky joins the Audit and Strategy Committees as an independent director, bringing two decades of internet infrastructure expertise. This bolsters Circle's platform expansion in the evolving financial system. His insights sharpen strategic scaling.
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