shares Circle Internet Group (NYSE: CRCL)which forms a stablecoin USDCjumped on a strong fourth-quarter earnings report last month.
The stock was actually in the red for most of the month, trending along with the slide Bitcoin And weakness in software stocks on fears of AI disruption, but the earnings report impressed investors as the company ended up 31%, according to data from S&P Global Market Intelligence.
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As you can see from the chart below, almost all of the company’s gains came at the end of the month, after the earnings report was released.
Circle delivered a pleasant surprise for investors, posting better-than-expected earnings.
Revenue rose 77% to $770.2 million, faster than the start of the year, and easily beating the analyst consensus of $745 million. On the bottom line, Circle also beat previous expectations with adjusted earnings per share of $0.43, compared to estimates of $0.25.
The USDC coin is seeing a rapid increase in circulation, rising 72% to $75.3 billion, and its USDC onchain transactions are said to have grown 247% to $11.9 billion. Its euro stablecoin also delivered strong growth, with flows up 284% to 310 million euros.
The ring seems to be enjoying the growth of prediction markets like Polymarket, which runs on USDC. The company also released a new product, Arc, which can handle payments between a wide range of asset classes.
Circle reported a 136% increase in revenue less distribution costs to $309 million, better than its growth rate at the start of the year. On the bottom line, adjusted earnings before interest, depreciation, and amortization (EBITDA) rose 412% to $167 million.
In addition to launching Arc, the Circle also received conditional approval to establish a national trust bank, strengthening and adopting USDC infrastructure.
Almost everything seems to be going right for Circle, and the report shows that the company is firing on all cylinders.
Circle also issued strong guidance for 2026, continuing to call for a 40% compound annual growth rate in USDC during that period, a multi-year target. It also sees $150 million-$170 million in other revenue.
The creation of its other revenue streams is a good sign, as the company has historically generated most of its revenue from cash and interest earned from the treasuries that back its stablecoin.
