Circle Internet Group's shares surged premarket after the stablecoin issuer reported fourth quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.43, beating the consensus estimate of $0.35, while total revenue and reserve income reached $770 million, surpassing forecasts of $745 million and marking a 77% increase from the same quarter last year.

Circle's USDC stablecoin in circulation grew to $75.3 billion at year end, up 72% year-over-year, while onchain transaction volume surged 247% to $11.9 trillion in the quarter. Adjusted EBITDA climbed 412% year-over-year to $167 million, and net income from continuing operations was $133 million, an increase of $129 million compared to the prior year period. The company's strong performance reflects continued expansion of USDC adoption globally as more enterprises, developers, and public institutions integrate digital dollars into real-world payments, treasury, and onchain financial workflows.

For fiscal year 2026, Circle provided guidance for other revenue of $150 million to $170 million and adjusted operating expenses of $570 million to $585 million. The company expects an RLDC margin of 38% to 40% for the full year and provided multi-year guidance for USDC in circulation, targeting a 40% compound annual growth rate through cycle. Circle reported full year fiscal 2025 revenue of $2.7 billion, up 64% year-over-year, though it posted a net loss from continuing operations of $70 million, significantly impacted by $424 million in stock-based compensation related to vesting conditions met by its IPO.