Research analysts who have asked questions during Circle Internet Group earnings calls.
James Yaro
Goldman Sachs
3 questions for CRCL
Also covers: COIN, ETOR, EVR +11 more
JC
Jeff Cantwell
Seaport Research Partners
3 questions for CRCL
Also covers: ACIW, AFRM, DAVE +5 more
JT
John Todaro
Needham & Company
3 questions for CRCL
Also covers: APLD, BTDR, CAN +12 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
3 questions for CRCL
Also covers: ADV, ALIT, ASGN +20 more
AC
Adeep Chattery
William Blair
2 questions for CRCL
DD
Dan Dolev
Mizuho Financial Group
2 questions for CRCL
Also covers: ACN, ADP, AFRM +14 more
Devin Ryan
Citizens JMP
2 questions for CRCL
Also covers: AMTD, COIN, DAVE +19 more
Ken Suchoski
Autonomous Research
2 questions for CRCL
Also covers: BILL, CPAY, FIS +7 more
KW
Ken Worthington
JPMorgan
2 questions for CRCL
Also covers: BLSH
PC
Pete Christiansen
Citi
2 questions for CRCL
Brian Bedell
Deutsche Bank
1 question for CRCL
Also covers: AMG, AMTD, APO +22 more
KW
Kenneth Worthington
JPMorgan Chase & Co.
1 question for CRCL
Also covers: APO, ARES, BAM +27 more
OL
Owen Lau
Oppenheimer & Co. Inc.
1 question for CRCL
Also covers: CLVT, CME, COIN +8 more
Peter Christiansen
Citigroup Inc.
1 question for CRCL
Also covers: ADP, ADT, ALIT +12 more
Recent press releases and 8-K filings for CRCL.
Circle Receives Conditional OCC Approval for National Trust Charter
CRCL
New Projects/Investments
Legal Proceedings
- Circle Internet Group (CRCL) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A..
- This conditional approval is a key milestone for GENIUS Act compliance, which became U.S. law in July 2025, and aims to strengthen the USDC infrastructure.
- Once fully approved, the bank will operate as a federally regulated trust bank under OCC oversight, managing the USDC Reserve and offering fiduciary digital asset custody and related services to institutional customers.
- Circle submitted its application to the OCC on June 30, 2025.
Dec 12, 2025, 4:23 PM
Circle Discusses Strategic Growth, Regulatory Landscape, and AI Integration
CRCL
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Circle's stablecoin network is the largest regulated stablecoin network globally.
- In Q3, the network handled almost $10 trillion of on-chain transactions, with money in circulation growing 108% year-over-year, contributing $740 million of top-line revenue.
- The company is expanding its offerings with the Arc blockchain network (a layer one blockchain for regulated financial activity in beta test) and a money movement payment network (CPN).
- The GENIUS Act has become federal law, providing legal certainty for stablecoins, and the total stablecoin market is projected to grow from $300 billion to multiple trillions over the next five years.
- Circle anticipates stablecoins will serve as the foundational currency for the AI-native economy, expecting exponential growth in total payment volumes over the next three to five years due to AI agents.
Nov 19, 2025, 4:15 PM
Circle Reports Strong Q3 Performance and Strategic Initiatives
CRCL
Revenue Acceleration/Inflection
New Projects/Investments
- Circle's stablecoin network is the largest regulated stablecoin network in the world, handling almost $10 trillion of on-chain transactions in Q3, and generating $740 million in top-line revenue with 108% year-over-year growth in money circulation.
- The company is expanding its offerings with Arc, a new layer one blockchain network purpose-built for regulated financial activity currently in beta test, and is building a money movement payment network (CPN).
- The Genius Act, a stablecoin bill, became federal law this summer, providing crucial legal certainty for stablecoins and driving market behavior towards compliance.
- Circle anticipates exponential growth in stablecoin transactions over the next three to five years, driven by the increasing deployment of AI agents operating in the economy.
Nov 19, 2025, 4:15 PM
Circle Reports Strong Q3 Stablecoin Performance, Unveils Arc Blockchain and AI Vision
CRCL
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Circle's stablecoin network processed almost $10 trillion in on-chain transactions in Q3, with money in circulation growing 108% year over year, contributing to $740 million in top-line revenue.
- The company is expanding its platform with the beta launch of Arc, a layer one blockchain for regulated financial activity, and the development of the Circle Payment Network (CPN) for international money movement.
- Circle projects the stablecoin market to grow from $300 billion to multiple trillions over the next five years, supported by increasing regulatory certainty globally, including the Genius Act in the US.
- CEO Jeremy Allaire foresees stablecoins becoming the foundational currency for the AI-native economy, predicting exponential growth in transaction volumes within three to five years driven by AI agents.
Nov 19, 2025, 4:15 PM
CRCL Announces Strong Q3 2025 Financial Results and Network Growth
CRCL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- CRCL reported Total Revenue & Reserve Income of $740 million in Q3 2025, a 66% year-over-year increase, with Adjusted EBITDA reaching $166 million, up 78% year-over-year.
- The company's Adjusted EBITDA Margin expanded to 57% in Q3 2025, marking a 737 basis point year-over-year improvement.
- Network growth was robust, with USDC in circulation at $73.7 billion, a 108% year-over-year increase, and USDC onchain volume at $9.6 trillion, growing 6.8 times year-over-year.
- CRCL updated its FY 2025 guidance, raising the outlook for Other Revenue to $90-$100 million and Adjusted Operating Expenses to $495-$510 million.
Nov 12, 2025, 1:00 PM
Circle Announces Strong Q3 2025 Financial and Operational Growth
CRCL
Earnings
Guidance Update
Product Launch
- Circle (CRCL) reported strong Q3 2025 financial results, with total revenue and reserve income growing 66% year-on-year to $740 million and adjusted EBITDA increasing 78% year-on-year to $166 million.
- Operational metrics showed significant expansion, with USDC in circulation up 108% year-over-year to $73.7 billion and on-chain transactions using USDC growing 580% year-over-year to $9.6 trillion in Q3 2025. Circle's stablecoin market share reached 29%.
- Strategic developments include the launch of the Arc public testnet with over 100 participants and the exploration of a native token for the Arc network. The Circle Payments Network (CPN) also expanded, achieving an annualized transaction volume of $3.4 billion.
- For full-year 2025, Circle updated its guidance, raising other revenue to $90-$100 million and adjusted operating expenses to $495-$510 million, with RLDC margin expected around 38%.
Nov 12, 2025, 1:00 PM
Circle Reports Strong Q3 2025 Financial and Operational Growth
CRCL
Earnings
Product Launch
Revenue Acceleration/Inflection
- Circle reported strong Q3 2025 financial results, with total revenue and reserve income reaching $740 million, a 66% year-on-year increase, and adjusted EBITDA growing 78% year-on-year to $166 million.
- USDC in circulation grew 108% year-on-year to $73.7 billion, while on-chain transactions using USDC increased 580% year-on-year to $9.6 trillion in Q3 2025, expanding Circle's stablecoin market share to 29%.
- The company launched the ARC public testnet with over 100 participants and is exploring a native token for the ARC network to enhance utility and governance.
- Circle Payments Network (CPN) expanded its product portfolio, increasing enrolled financial institutions to 29, with an additional 55 institutions in eligibility reviews.
- Cross-chain transfer protocol (CCTP) volume grew approximately 640% year-on-year to $31.3 billion in Q3 2025, representing 47% of all bridged volume from major providers.
Nov 12, 2025, 1:00 PM
CRCL Reports Strong Q3 2025 Financial Results and Operational Growth
CRCL
Earnings
Guidance Update
New Projects/Investments
- CRCL reported strong Q3 2025 financial results, with total revenue and reserve income reaching $740 million, a 66% year-on-year growth, and adjusted EBITDA of $166 million, up 78% year-on-year.
- USDC in circulation grew 108% year over year to $73.7 billion, and on-chain transactions using USDC increased 580% year over year to $9.6 trillion in Q3 2025, contributing to a 29% stablecoin market share.
- The company launched the ARK network into public testnet and significantly expanded its Circle Payments Network (CPN), which reached an annualized transaction volume of $3.4 billion.
- CRCL updated its full-year 2025 guidance, increasing other revenue to $90-$100 million and adjusted operating expenses to $495-$510 million, with RLDC margin expected around 38%.
Nov 12, 2025, 1:00 PM
Circle Internet Group, Inc. Announces Strong Q3 2025 Results and Raised FY 2025 Guidance
CRCL
Earnings
Guidance Update
New Projects/Investments
- Circle Internet Group, Inc. reported strong Q3 2025 financial results, with total revenue and reserve income of $740 million, a 66% year-over-year increase, and net income of $214 million, up 202% year-over-year.
- USDC in circulation reached $73.7 billion at quarter-end, marking a 108% year-over-year growth.
- The company launched the Arc public testnet with over 100 participating companies and is exploring a native token on the Arc Network, while expanding its Circle Payments Network (CPN) to 29 financial institutions.
- Circle raised its FY 2025 guidance for Other Revenue to $90-$100 million and Adjusted Operating Expenses to $495-$510 million.
Nov 12, 2025, 11:26 AM
Circle Internet Group Reports Strong Q3 2025 Results and Raises FY 2025 Outlook
CRCL
Earnings
Guidance Update
New Projects/Investments
- Circle Internet Group reported robust financial performance for Q3 2025, with USDC in circulation growing 108% year-over-year to $73.7 billion and total revenue and reserve income increasing 66% year-over-year to $740 million.
- The company achieved a 202% year-over-year increase in Net Income to $214 million and a 78% year-over-year rise in Adjusted EBITDA to $166 million for the third quarter.
- Key corporate developments include the launch of the Arc public testnet with over 100 participating companies and the exploration of a native token on the Arc Network.
- Circle raised its full-year 2025 outlook for Other Revenue to $90-$100 million and Adjusted Operating Expenses to $495-$510 million, while anticipating RLDC Margin to be ~38%.
Nov 12, 2025, 11:25 AM
Quarterly earnings call transcripts for Circle Internet Group.
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