Circle Shares Surge 10% on Q4 Revenue Beat and OCC Approval
Circle shares jumped 10% on Monday after Q4 revenue rose 76.9% to $770.2M with EPS of $0.43 versus $0.25 estimates. USDC circulation climbed 72% to $75.3B while adjusted EBITDA soared 412% to $167M and Circle secured OCC conditional approval for a national trust bank charter.
1. Monday's 10% Share Surge
Circle shares closed 10% higher on Monday, reaching $111.84 at the close, outpacing crypto peers as investors focused on the company’s own operational and financial momentum rather than Bitcoin’s 3% price gain.
2. Q4 Financial Highlights
Circle reported Q4 2025 revenue of $770.23 million, up 76.9% year over year, and delivered earnings per share of $0.43, well above the $0.25 consensus estimate. Adjusted EBITDA surged 412% to $167 million, reflecting strong profitability improvements.
3. Stablecoin Growth Drivers
USDC circulation increased 72% year over year to $75.3 billion, while on-chain transaction volume expanded 247% to $11.9 trillion. The company’s interest-earning model on stablecoin reserves has provided predictable revenue streams in a high-rate environment.
4. Regulatory Milestone
Circle secured conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, enhancing regulatory legitimacy and paving the way for expanded banking services and trust operations in its stablecoin infrastructure.