Circle Internet Q3 revenue beats estimates on ARC token presale
CRCL•CRCL•CRCL•CRCL•Circle Internet Group's Q3 revenue and reserve income rose 17% to $865 million, beating the $778.12 million estimate. Net income was $226 million, adjusted EBITDA was $317 million, and the company expects FY 2026 other revenue of $310 million to $330 million.
Circle said Q3 revenue growth was driven by $182 million in ARC token presale revenue. Net income from continuing operations rose 5% year over year to $226 million, while adjusted EBITDA jumped 85% to $317 million.
Lower distribution payments supported higher margins, while operating expenses rose 16% year over year due to higher general and administrative, IT infrastructure, and marketing costs. For FY 2026, Circle expects other revenue of $310 million to $330 million, an RLDC margin of 41.7% to 43.7%, and adjusted operating expenses of $570 million to $585 million.
