Circle Internet Group posts Q3 2026 earnings beat, revenue $865 M, but reserve income falls 8% and cuts 5% of staff
Circle Internet Group reported third‑quarter 2026 revenue of $865 million, up 17% year‑over‑year, and GAAP earnings per share of $0.84, beating estimates by $0.45. The beat was driven by a $182 million ARC token pre‑sale, while core reserve income fell 8% to $658 million as interest rates slipped. The company also announced a 5% workforce reduction affecting about 55 employees.
Why it matters
The earnings beat and strong adjusted EBITDA margin may support the stock in the short term, but the decline in reserve income and flat USDC circulation signal pressure on Circle’s core stablecoin business, which could affect future revenue growth.
Key facts
- 1Q3 GAAP EPS was $0.84, exceeding estimates by $0.45. seekingalpha.com
- 2Revenue reached $865 million, up 16.9% year‑over‑year and $76.45 million above expectations. seekingalpha.com
- 3Adjusted EBITDA was $317 million, up 85% year‑over‑year, giving a 70% margin. finance.biggo.com
- 4ARC token pre‑sale contributed $182 million to total revenue. finance.biggo.com
- 5Reserve income fell 8% to $658 million, with the reserve return rate dropping to 3.54%. finance.biggo.com
- 6USDC circulation ended the quarter at roughly $74 billion, flat year‑over‑year. finance.biggo.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.