Circle Internet Group (NYSE:CRCL) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Circle Internet Group (NYSE:CRCL) announced its earnings results on Wednesday. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18, FiscalAI reports. The firm had revenue of $770.23 million for the quarter. Circle Internet Group’s revenue was up 76.9% compared to the same quarter last year.

Here are the key takeaways from Circle Internet Group’s conference call:

• Circle reported substantial network growth with USDC circulation at $75.3 billion (up 72% YoY) and on-chain USDC transaction volume near $12 trillion (up 247% YoY), signaling rising velocity and utility of its digital dollar.
• Q4 financials were strong: $770 million of total revenue and reserve income (up 77% YoY) and $167 million Adjusted EBITDA with a 54% Adjusted EBITDA margin, demonstrating significant operating leverage.
• Platform expansion accelerated — Arc testnet (100+ companies, ~2.3M daily testnet txns) with mainnet on track for 2026, CPN now has 55 financial institutions and ~$5.7B annualized volume, plus new products (StableFX, xReserve) and growing interoperability (USDC on 30+ chains, CCTP volume >$41B in Q4).
• Regulatory developments are broadly supportive: the GENIUS framework is a clear tailwind for institutional adoption, while the CLARITY Act is reportedly near resolution — beneficial if passed but still uncertain in timing and final terms.
• Headwinds to margin visibility include a lower reserve return rate (3.81% in Q4, down on falling SOFR) and guidance for higher 2026 adjusted operating expenses (~$570–$585 million), which could pressure near-term profitability if revenue growth slows.

Circle Internet Group Stock Up 7.2%

CRCL traded up $6.01 on Thursday, reaching $89.15. The company’s stock had a trading volume of 23,773,188 shares, compared to its average volume of 12,214,265. The company has a market capitalization of $20.99 billion and a price-to-earnings ratio of -39.37. Circle Internet Group has a fifty-two week low of $49.90 and a fifty-two week high of $298.99. The stock has a 50 day moving average of $72.09 and a two-hundred day moving average of $101.07.

Key Headlines Impacting Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Q4 results materially beat expectations — EPS $0.43 vs. $0.25 consensus and revenue $770M (≈+77% YoY); adjusted EBITDA and net income improved, supporting a near‑term earnings-driven rally. Business Wire: Q4 Results
• Positive Sentiment: USDC growth remains the core catalyst — USDC in circulation ~$75.3B (+72% Y/Y) and Q4 on‑chain transaction volume of $11.9T (+247%), signaling durable demand for Circle’s stablecoin business and driving fee/reserve income. Business Wire: USDC Metrics
• Positive Sentiment: Strong media and management visibility — CEO interviews and widespread coverage highlighted stablecoin momentum and new business lines, amplifying investor attention and supporting the share move. Bloomberg Tech Interview
• Neutral Sentiment: Analyst caution / hold views exist alongside bullish data — some firms (e.g., H.C. Wainwright, other analysts cited on TipRanks) are keeping or reiterating hold ratings, noting macro uncertainty and expense trajectory despite top‑line strength. TipRanks: Hold Analysis
• Neutral Sentiment: Valuation debate is resurfacing — coverage asks whether the stock should be reassessed after post‑IPO moves and recent volatility; investors should weigh growth vs. valuation and margin sustainability. Yahoo Finance: Reassess Article
• Negative Sentiment: Price targets were cut by some firms despite keeping buy ratings — Canaccord lowered its PT to $160 (from $247) and Needham lowered to $130 (from $190), which narrows analyst upside and could cap medium‑term gains if others follow. Benzinga: Canaccord/Needham PT Cuts TickerReport: Needham

Analysts Set New Price Targets

Several research firms have recently commented on CRCL. Sanford C. Bernstein set a $190.00 price objective on shares of Circle Internet Group in a research note on Tuesday, January 6th. The Goldman Sachs Group raised their price target on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. cut their price objective on Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. HC Wainwright began coverage on Circle Internet Group in a research report on Friday, December 19th. They set a “neutral” rating and a $85.00 price objective for the company. Finally, Mizuho set a $77.00 target price on shares of Circle Internet Group and gave the company a “neutral” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.12.

Insider Buying and Selling at Circle Internet Group

In related news, Director Patrick Sean Neville sold 5,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $90.00, for a total value of $450,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Allaire sold 7,055 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.07, for a total value of $635,443.85. Following the transaction, the chief executive officer directly owned 70,517 shares in the company, valued at approximately $6,351,466.19. The trade was a 9.09% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 205,769 shares of company stock worth $17,148,896.

Institutional Investors Weigh In On Circle Internet Group

Institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. raised its holdings in Circle Internet Group by 93.6% during the fourth quarter. Sit Investment Associates Inc. now owns 9,100 shares of the company’s stock worth $722,000 after purchasing an additional 4,400 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Circle Internet Group during the 4th quarter valued at $2,159,000. Cambient Family Office LLC bought a new position in Circle Internet Group during the fourth quarter worth $376,000. Invesco Ltd. increased its stake in Circle Internet Group by 7.6% in the fourth quarter. Invesco Ltd. now owns 34,908 shares of the company’s stock valued at $2,768,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Circle Internet Group during the 4th quarter worth about $25,027,000.

About Circle Internet Group

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USD Coin (USDC), a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.