Circle Q1 Beats EPS, Misses Revenue; $222M Arc Presale

Circle Internet Group reported first-quarter 2026 results that beat earnings estimates but fell short on revenue, while announcing a 222 million presale for its Arc blockchain token at a 3 billion fully diluted valuation. The earnings and funding news emerged on May 11, 2026, as the company, issuer of the USDC stablecoin, outlined expansions into blockchain infrastructure and AI-driven payments.

The company posted adjusted earnings per share of 0.21, surpassing the 0.18 analyst consensus. Total revenue and reserve income reached 694 million, up 20 percent year-over-year but below the 715 million expected and down from 770 million in the prior quarter. Net income from continuing operations was 55 million, a 15 percent decline from the year-ago period. Adjusted EBITDA rose 24 percent to 151 million. USDC circulation stood at 77 billion by quarter's end, a 28 percent increase year-over-year, with onchain transaction volume surging 263 percent to 21.5 trillion.

Circle maintained its full-year guidance, projecting other revenue of 150 million to 170 million and adjusted operating expenses of 570 million to 585 million. It also reaffirmed a multiyear goal of 40 percent compound annual...