Shares of Circle Internet Group, Inc. (NYSE:CRCL) rose sharply in premarket trading after the company released quarterly results that exceeded analyst forecasts.
The company reported fourth-quarter adjusted earnings per share of $0.43, ahead of the consensus estimate of $0.35. Total revenue and reserve income reached $770 million, beating expectations of $745 million and representing a 77% increase compared with the same period last year.
USDC stablecoin circulation expanded to $75.3 billion by year-end, up 72% year on year, while onchain transaction volume jumped 247% during the quarter to $11.9 trillion. Adjusted EBITDA surged 412% year on year to $167 million. Net income from continuing operations totaled $133 million, an increase of $129 million versus the prior-year quarter.
Shares climbed more than 10% in premarket trading following the announcement.
“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.”
Looking ahead to fiscal 2026, Circle guided for other revenue in the range of $150 million to $170 million and adjusted operating expenses between $570 million and $585 million. The company expects a full-year RLDC margin of 38% to 40% and outlined multi-year targets for USDC circulation, aiming for a 40% compound annual growth rate through the cycle.
For full-year fiscal 2025, Circle reported revenue of $2.7 billion, up 64% year on year. However, the company recorded a net loss from continuing operations of $70 million, largely driven by $424 million in stock-based compensation expenses tied to IPO-related vesting conditions.