Circle Q1 revenue misses by $18M despite EPS beat as USDC volume rises 32%
Circle’s Q1 revenue totaled $371 million, missing consensus by $18 million, while adjusted EPS of $0.10 exceeded the $0.07 estimate. USDC transaction volume jumped 32% to $280 billion and CEO Jeremy Allaire announced the ARC token launch planned for July.
1. Q1 Financial Results
Circle reported Q1 revenue of $371 million, below the consensus forecast by $18 million, while adjusted earnings per share of $0.10 topped the $0.07 estimate, reflecting margin improvements from cost controls.
2. USDC Volume Growth
USDC on-chain transaction volume climbed 32% quarter-over-quarter to $280 billion, driven by increased institutional adoption and robust demand in decentralized finance and cross-border payments.
3. ARC Token Launch
CEO Jeremy Allaire outlined plans for the ARC token debut in July, positioning it as a utility token with staking rewards and governance rights aimed at bolstering fee-based revenue streams.