Circle Internet Group (CRCL)
Coverage summary
Aardvark Labs Capital Research has covered Circle Internet Group (CRCL) since August 13, 2025. The company is in the Financial Services sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published November 5, 2026. The current rating is Hold, unchanged since the Q2 2026 Earnings Recap of August 9, 2026. The rating has changed twice since coverage began.
Translations: 5 in Chinese.
Rating history
All CRCL reports
Recap: Q3 2026
Arc Shipped and Funded the Beat. The Reaffirmed Guide Prices a 600bp Q4 Margin Cliff.
Recap: Q2 2026
Coinbase Renewed Through 2029, USDC Circulation Shrank, and Every Dollar of the Guidance Raise Is Arc Token Revenue
Recap: Q1 2026
Arc Token at $3B FDV Reframes the Story: Margin Breakthrough Plus a Platform Optionality the Market Just Started to Price
Recap: Q4 2025
Three Quarters of On-Platform Acceleration Prove the Margin Thesis: 17.8% Penetration, 40% RLDC Margin, and a Stock at $61 That the Market Finally Woke Up To
Recap: Q3 2025
$214M Net Income and 220% EPS Beat Can't Save the Stock: The Market Has Discovered Circle's Interest Rate Problem
Recap: Q2 2025
Circle's IPO Quarter Reveals the Machine: $126M EBITDA at 50% Margin and USDC Doubling — But $591M in Non-Cash Charges Mask the Signal, and Rate Sensitivity Is Already Biting