earnings
confidence high
sentiment positive
materiality 0.75
Circle reports Q2 revenue + reserve income up 53% to $658M, adjusted EBITDA up 52% to $126M
Circle Internet Group, Inc.
2025-Q2 EPS reported
-$5.04
revenue$1,236,651,000
- Total revenue and reserve income $658M (+53% YoY); net loss $482M due to $591M IPO-related non-cash charges (stock comp $424M).
- Adjusted EBITDA $126M (+52% YoY), margin 50% (up 463 bps).
- USDC in circulation $61.3B (+90% YoY); further grew to $65.2B as of Aug 10, 2025.
- Completed $1.2B IPO in June, selling 39.1M shares at $31; net proceeds $583M.
- Launched Circle Payments Network and Arc Layer-1 blockchain; partnerships with Binance, Corpay, FIS, Fiserv, OKX.