Quarterly ResultMay 11, 2026, 06:31 AM
Circle Q1 Revenue $694M; ARC Token Presale Raises $222M
AI Summary
Circle Internet Group, Inc. announced its first quarter 2026 financial results and a significant ARC Token presale. The company raised approximately $222 million from institutional investors, including a16z crypto, for its Arc blockchain network's native coordination asset, valuing the network at $3 billion. Financially, Q1 2026 saw total revenue and reserve income increase 20% to $694 million and Adjusted EBITDA grow 24% to $151 million, though net income from continuing operations decreased 15% to $55 million. USDC in circulation and onchain transaction volume also showed strong growth.
Key Highlights
- ARC Token presale raised $222 million from institutional investors at a $3 billion network valuation.
- Q1 2026 total revenue and reserve income grew 20% year-over-year to $694 million.
- Q1 2026 net income from continuing operations decreased 15% year-over-year to $55 million.
- Q1 2026 Adjusted EBITDA increased 24% year-over-year to $151 million.
- USDC in circulation grew 28% year-over-year to $77.0 billion at quarter end.
- USDC onchain transaction volume surged 263% year-over-year to $21.5 trillion.
- FY 2026 guidance for Other Revenue is affirmed at $150-$170 million.