Every 10-Q that Circle Internet Group, Inc. (CRCL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CRCL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRCL filings page.
Circle Internet Group, Inc. reported a profitable Q2 2026. For the three months ended June 30, 2026, total revenue and reserve income were $701,315 thousand, led by reserve income of $667,733 thousand. Net income attributable to common stockholders was $48,221 thousand, compared with a net loss of $482,100 thousand in Q2 2025, and diluted EPS was $0.18.
For the first six months of 2026, total revenue and reserve income reached $1,395,448 thousand, producing net income attributable to common stockholders of $103,474 thousand. Distribution and transaction costs were $819,251 thousand and operating expenses $496,836 thousand, including stock-based compensation of $105,435 thousand, significantly lower than in 2025.
Circle’s balance sheet remains large and reserve-heavy, with total assets of $77,165,460 thousand and deposits from stablecoin holders of $72,927,544 thousand at June 30, 2026, supported by $73,161,172 thousand of cash and cash equivalents segregated for the benefit of stablecoin holders. Net cash provided by operating activities was $538,505 thousand. The company also completed an ARC Token presale of 807.5 million tokens at $0.30, generating approximately $242.2 million recorded as deferred revenue, which rose to $246,203 thousand.
Circle Internet Group (CRCL) filed its Q3 2025 10‑Q, highlighting a reserve-driven quarter. Total revenue and reserve income were $739.8 million, up from $445.8 million a year ago, as higher balances in the Circle Reserve Fund and interest/dividends lifted results. Net income for the quarter was $214.4 million versus $71.0 million last year. Operating income reached $81.0 million, while other income was $72.1 million.
Balance sheet scale reflects the stablecoin model: cash and equivalents segregated for the benefit of stablecoin holders were $73.37 billion, with deposits from stablecoin holders at $73.27 billion. Shares of the Circle Reserve Fund totaled $64.2 billion at $1.00 NAV per share. Stockholders’ equity rose to $3.02 billion, aided by additional paid‑in capital of $4.44 billion.
The company completed an IPO in June (19.9 million Class A shares at $31.00, net proceeds $583.0 million) and a follow‑on in August (3.5 million shares at $130.00, net proceeds $444.8 million). Year to date, operating cash flow was $293.0 million. For context, the nine‑month period shows a net loss of $202.9 million, reflecting significant stock‑based compensation recognized upon the IPO. As of November 6, 2025, outstanding shares were 216,487,160 Class A and 18,988,431 Class B.
Circle Internet Group reported a quarter marked by rapid reserve growth, an IPO-related equity reset, and a large net loss driven by one-time compensation and fair-value adjustments. The company recorded total assets of $64.15 billion and cash and cash equivalents segregated for the benefit of stablecoin holders of $61.37 billion as of June 30, 2025, up materially from December 31, 2024. Total deposits from stablecoin holders were $61.10 billion.
Revenue and reserve income for the three months ended June 30, 2025 was $658.08 million, including $634.27 million of reserve income. The quarter produced a net loss of $482.1 million, largely reflecting $423.8 million of stock-based compensation recognized when pre-IPO RSU performance vesting occurred on the IPO, and a substantial fair value change on convertible debt and related instruments. The IPO issued 19.9 million Class A shares at $31.00, generating net proceeds of approximately $583.0 million, and resulted in conversion of 139.8 million preferred shares into common stock.