earnings
confidence high
sentiment neutral
materiality 0.70
Circle Q2 revenue $701M (+7% YoY); net income $48M; USDC circulation $73.3B; OCC trust bank approved
Circle Internet Group, Inc.
- Total revenue and reserve income $701M (+7% YoY); net income from continuing ops $48M vs. loss of $482M in Q2'25.
- Adjusted EBITDA $143M (+8% YoY); USDC in circulation $73.3B (+19% YoY); USDC onchain volume $14.8T (+151% YoY).
- Received OCC approval for national trust bank (Circle National Trust) and NYDFS approval for Circle New York Trust.
- Arc mainnet launch set for Sept 16, 2026; founding validators include BlackRock, DTCC, Mastercard, Visa, and others.
- CPN annualized transaction volume $14.7B (+76% QoQ); 175 financial institutions enrolled (+29% QoQ).