Circle Reports Q3 Growth as ARC Presale Adds $181.8 Million

Circle Internet Group reported $864.9 million in revenue and reserve income for the third quarter, up 17% from a year earlier, with $181.8 million recognized from a presale of its ARC token. The company also disclosed a workforce reduction of about 5% and $9.1 million in restructuring expenses in results for the quarter ended September 30, 2026. Net income from continuing operations rose 5% to $226 million, and adjusted EBITDA increased 85% to $316.7 million, according to Circle’s filing. The ARC presale accounted for most of the quarter’s $207.3 million in other revenue. Circle said it recognized $181.8 million from the presale, a contribution that lifted the combined revenue and reserve-income figure as income from USDC reserves fell. Reserve income declined 7.5% to $657.6 million. Circle attributed the decrease to a 61-basis-point drop in its reserve return rate, to 3.5%. Average USDC circulation rose 8% year over year to $73.3 billion, partly cushioning the decline. At quarter-end, USDC in circulation was $73.9 billion, unchanged from a year earlier. USDC on-chain transaction volume climbed 49% from the prior-year quarter to $13.9 trillion. The company’s results therefore...