Circle Internet Group

CRCL

Market cap $19.6B

Nvidia (NVDA) delivered strong earnings and guidance, but high expectations triggered a 'sell the news' reaction and ongoing valuation concerns. AI infrastructure demand remains robust, yet NVDA faces supply challenges and heightened market sensitivity to any potential shortfall.

Circle's USD Coin is becoming a popular stablecoin for financial companies. By making payments cheaper, simpler, and more accessible, it could spark fresh economic growth as more companies expand into untapped markets overseas.

Jeremy Fox-Geen, CFO of Circle (CRCL) joins Morning Movers to talk about the company's blowout earnings that ignited a strong rally in the stock. As for guidance, he explains the bullish path he sees for Bitcoin and all of crypto that paints a stronger profitability picture.

Visa and Intuit are both using Circle's USD Coin to accelerate their transactions. Bermuda is exploring the usage of USD Coin to power a fully “on-chain” economy.

CRCL tops Q4 estimates as revenues jump 77% Y/Y, fueled by surging USDC circulation, soaring reserve income and sharply higher margins.

I like the "other revenue" segment of Circle Internet Group (CRCL). However, reserve income is still the main top-line contributor. Therefore, a good part of the company's revenue is tied to USDC circulation. Despite the 72% yoy jump last year, reserve income was up a mere 3% qoq. Specifically, reserve income was $733M in Q4 (+77% YoY), yet only +3% sequentially vs +12.1% in Q3; I see that as evidence that USDC growth tracks Bitcoin-led crypto cycles.

Circle Internet Group's earnings are surging. The fintech leader's popular stablecoin is enjoying strong global adoption.

Circle Internet Group, Inc. (CRCL) Q4 2025 Earnings Call Transcript

Today, Feb. 25, 2026, investors are weighing Circle's surging USDC circulation, record margins, and lofty growth targets.

Circle Internet Group, Inc. earns a Buy rating after a strong Q4 beat and encouraging 2026 guidance, despite high volatility and recent underperformance. CRCL delivered Q4 GAAP EPS of $0.43 (vs. $0.16 consensus) and 77% YoY revenue growth, with USDC circulation up 72% and robust margin expansion. Management reiterated a medium-term 40% USDC CAGR, 38–40% RLDC margins, and $570–585M in 2026 adjusted operating expenses, supporting a bullish outlook.