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The stablecoin company's shares rose in premarket trading after revenue beat Wall Street estimates
The stablecoin company's shares rose in premarket trading after revenue beat Wall Street estimates
NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL) today announced results for the second quarter of fiscal year 2025. Financial Highlights USDC in circulation grew 90% year-over-year to $61.3 billion at quarter end, and has grown an additional 6.4% to $65.2 billion as of August 10, 2025 Total revenue and reserve income grew 53% year-over-year to $658 million Net loss was $482 million, significantly impacted by IPO-related non-cash charges that totaled $591 million: $424 millio.
The IPO floodgates have swung open for breakthrough AI and crypto companies ready to shake up the market. Figma's debut joined CoreWeave and Circle in a rollercoaster ride of quick gains and sharp dips. A fresh name hits the trading floor this week as investors scout the next IPO winners.
Circle Internet Group CRCL will release earnings results for the second quarter before the opening bell on Tuesday, Aug. 12.
Owen Lau, Oppenheimer, joins 'Closing Bell Overtime' to talk what is ahead for Circle earnings and what he is keeping an eye on.
It's a hot IPO summer as new listings make their long-awaited return to public markets. After a cool first half of 2025, the demand for Initial Public Offerings has exploded in Q3, with anticipated companies like Circle Internet Group Inc. NYSE: CRCL and CoreWeave Inc. NASDAQ: CRWV surpassing even the rosiest expectations upon their debut.
Circle prepares for its first post-IPO earnings call, with Q2 revenues seen at $645.4M and stablecoin momentum in focus.
Last week, a marked shift in comments from Federal Reserve officials suggested interest rate cuts could be coming sooner rather than later, after a weak jobs report. This week, inflation could take the spotlight, with fresh data due that could influence their position.
Circle Internet Group is a profitable fintech leader with a 24% market share in stablecoins, driven by its USDC adoption. Strong industry tailwinds, bullish Wall Street forecasts, and key partnerships with Coinbase and Binance position Circle for robust growth. Valuation is compelling: expected P/E compression and a forward P/S ratio comparable to mature companies make CRCL significantly undervalued.