---
schema_version: "secwatch.filing_event.v1"
accession: "0001876042-26-000032"
form_type: "8-K"
ticker: "CRCL"
cik: "0001876042"
company_name: "Circle Internet Group, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:28:20.742275+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Circle Q4 revenue $770M (+77% YoY), net income $133M; FY25 revenue $2.7B (+64%)

## Summary
- Q4 revenue $770M (+77% YoY); net income from continuing ops $133M vs prior year loss.
- Adjusted EBITDA Q4 $167M (+412% YoY); FY25 adjusted EBITDA $582M (+104%).
- USDC in circulation $75.3B at year-end (+72%); USDC onchain transaction volume Q4 $11.9T (+247%).
- FY25 net loss from continuing ops $70M due to $424M stock-based comp from IPO; FY24 income $157M.
- Arc testnet on track for 2026 mainnet; CPN $5.7B annualized TPV; conditional OCC national trust charter.

## SEC filing metadata
- accession: 0001876042-26-000032
- form_type: 8-K
- ticker: CRCL
- cik: 0001876042
- company_name: Circle Internet Group, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1876042/000187604226000032/0001876042-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1876042/000187604226000032/crcl-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001876042-26-000032
- JSON: https://secwatch.observer/filing/0001876042-26-000032.json
- Plain text: https://secwatch.observer/filing/0001876042-26-000032.txt

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