Circle said Q1 FY2026 revenue and reserve income reached $694 million as USDC circulation rose to $77 billion, while Ark Invest bought $5.5 million of shares after the earnings release.
Circle reported Q1 FY2026 total revenue and reserve income of $694 million, up 20%, with net income of $55 million, adjusted EBITDA of $151 million, and record first-quarter non-interest revenue of $42 million. USDC circulation rose 28% to $77 billion, and USDC onchain transaction volume reached $21.5 trillion. Circle Payments Network reached an annualized volume of $8.3 billion. The update highlights the scale of USDC and the importance of reserve income to Circle’s business. Market reaction was strong, with CRCL shares closing up 15.91% at $131.76 after earlier intraday gains, and Ark Invest bought 41,904 Circle Internet Group shares worth about $5.5 million through three ETFs, its first Circle purchase since March 24. Circle also disclosed a $222 million ARC token presale at a $3 billion fully diluted valuation and said Arc has processed 244.1 million transactions since its October 2025 testnet launch.