Quarterly ResultMay 11, 2026, 09:21 AM
Circle Q1 Total Revenue $694.1M; Net Income $55.3M; Basic EPS $0.23
AI Summary
Circle Internet Group reported its unaudited condensed consolidated financial results for the first quarter ended March 31, 2026. The company saw total revenue and reserve income increase to $694.1 million, up from $578.6 million in the prior year period. However, net income attributable to common stockholders decreased to $55.3 million from $64.8 million in Q1 2025, despite basic EPS rising to $0.23. Total assets and deposits from stablecoin holders continued to grow, reaching $80.54 billion and $76.78 billion respectively.
Key Highlights
- Total revenue and reserve income for Q1 2026 was $694.1 million, up from $578.6 million in Q1 2025.
- Net income attributable to common stockholders was $55.3 million in Q1 2026, down from $64.8 million in Q1 2025.
- Basic earnings per share for Q1 2026 was $0.23, compared to $0.00 in Q1 2025.
- Total assets increased to $80.54 billion as of March 31, 2026, from $78.71 billion as of December 31, 2025.
- Deposits from stablecoin holders reached $76.78 billion as of March 31, 2026, up from $74.91 billion at year-end 2025.
- Net cash provided by operating activities was $21.1 million in Q1 2026, a decrease from $56.6 million in Q1 2025.
- Net changes in deposits held for stablecoin holders were $1.86 billion in Q1 2026, significantly lower than $16.26 billion in Q1 2025.
Price Impact
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