THE BLOCK · 2026-11-04 13:17 UTC

Circle reports $865 million in Q3 revenue and reserve income, discloses 5% workforce reduction

Circle reported $865 million in Q3 revenue and reserve income, up 17% year-over-year, with net income of $226 million and adjusted EBITDA of $317 million. The company recognized $182 million from its ARC token presale at $0.30 per token, while USDC reserve income fell 8% due to lower reserve return rates. Circle disclosed a 5% workforce reduction with $9.1 million in restructuring charges, citing alignment with strategic priorities.

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