Circle jumps after beating on revenue in its first earnings report
Circle reported earnings for the first time since its IPO before the bell.
Circle, which had a mammoth IPO in June, released its first earnings report as a public company, beating analysts’ revenue estimates but missing on earnings-per-share estimates.
The stock jumped over 6% in premarket trading.
The stablecoin giant’s revenue for the quarter was $658 million, a 53% increase from $430 million a year ago and above analysts’ expectations of $646 million, according to FactSet. Meanwhile, adjusted earnings per share stood at a loss of $4.48, well above analysts’ predictions of a loss of $0.97.
Circle issues USDC, a stablecoin pegged to the US dollar that has a $65 billion market cap and is the second-largest stablecoin. Its circulation “grew 90% year-over-year to $61.3 billion at quarter end, and has grown an additional 6.4% to $65.2 billion as of August 10, 2025,” per the earnings report.
Management offered guidance that USDC in circulation would grow at a compounded annual growth rate of 40% over a “multi-year through cycle.”
“Circle’s successful IPO in June marked a pivotal moment — not just for our company, but for the broader adoption of stablecoins and the growth of the new internet financial system,” Jeremy Allaire, Circle’s CEO, cofounder, and chairman, said in the release.
The company’s stock skyrocketed after the Senate passed the GENIUS Act on July 17, which aims to provide a regulatory framework for stablecoins.
“Regulatory clarity bodes well for stablecoins, and we’re seeing that impact in Circle’s earnings report. This certainty legitimizes stablecoins as serious financial instruments. By establishing clear rules, the GENIUS Act paves the way for a wider adoption in traditional finance,” Rebecca Liao, cofounder and CEO of Saga, told Sherwood News.
