---
schema_version: "secwatch.filing_event.v1"
accession: "0001876042-25-000045"
form_type: "8-K"
ticker: "CRCL"
cik: "0001876042"
company_name: "Circle Internet Group, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:37:51.798570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Circle Q3 revenue $740M (+66% YoY); net income $214M (+202%); USDC circulation $73.7B

## Summary
- Total revenue and reserve income $740M, up 66% YoY; net income $214M, up 202%.
- Adjusted EBITDA $166M (+78%); margin 57% (+737bps).
- USDC in circulation $73.7B at quarter end, up 108% YoY; average circulation $67.8B.
- Arc public testnet launched with over 100 companies; Circle exploring native Arc token.
- Circle Payments Network: 29 FIs enrolled, 55 under review, 500 in pipeline.

## SEC filing metadata
- accession: 0001876042-25-000045
- form_type: 8-K
- ticker: CRCL
- cik: 0001876042
- company_name: Circle Internet Group, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1876042/000187604225000045/0001876042-25-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1876042/000187604225000045/crcl-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001876042-25-000045
- JSON: https://secwatch.observer/filing/0001876042-25-000045.json
- Plain text: https://secwatch.observer/filing/0001876042-25-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.