Circle posts $865M Q3 revenue and cuts 5% of workforce
CIE News ·
Confirmed by 3 independent news outlets.
Circle reported $865 million in Q3 2026 revenue and reserve income, alongside a $226 million net profit, while cutting 5% of its workforce for $9.1 million in severance costs.
Circle Internet Group announced its third-quarter 2026 financial results during an earnings webcast on November 4, reporting $865 million in total revenue and reserve income. The total represents a 17% year-over-year increase, while net income reached $226 million and adjusted EBITDA grew 85% year-over-year to $317 million.
Underlying reserve interest income decreased to roughly $658 million from $711 million a year earlier because of lower asset yields. The figures exclude a one-time gain of $182 million generated from the ARC token presale.
Alongside the quarterly earnings, Circle disclosed a 5% workforce reduction to align its corporate structure with its current strategy. The staff cuts resulted in $9.1 million in severance and notice expenses.
Key facts
- $865M Q3 revenue
- $226M net income
- 5% workforce cut
- $9.1M severance costs
Read the original at Investing.com