Circle Internet Group (CRCL), the issuer of the USDC stablecoin, is scheduled to report its results for the second quarter of 2025 before the market opens on Tuesday, August 12. This will be its first earnings release since going public in June. CRCL stock has surged about 413% to $159.03 from its IPO price of $31, fueled by optimism over the GENIUS Act, which sets rules for stablecoins. Nevertheless, rising competition in the crypto space remains a major concern.
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For Q2 2025, Wall Street analysts expect Circle Internet to report a loss per share of $1.00. Meanwhile, the company’s revenue is expected to increase by about 48% year-over-year to $645.7 million.
During the earnings call, investors will be watching Circle Internet’s revenue growth, updates on USDC adoption, and any new partnerships or regulatory developments.
Recent Event Ahead of Q2
On August 6, Corpay Inc. (CPAY) partnered with Circle Internet to integrate the USDC stablecoin into its global payments network. The deal will allow Corpay clients to use USDC for instant funding, on-chain settlement, and cross-border payouts in over 80 countries.
Analyst’s View Ahead of Q2
Heading into the Q2 print, Robert W. Baird analyst David Koning maintained a Hold rating on the stock with a $210 price target. He noted that the company expects revenue of $640–$650 million, close to the Street’s $646 million forecast, while gross profit is expected to come in only slightly above consensus.
Koning believes that Circle faces strong competition in the stablecoin market from both fintechs and traditional banks launching rival products. He also pointed to regulatory uncertainties and interest rate risks that could limit the company’s long-term growth.
Compass Point analyst Ed Engel downgraded Circle Internet stock to Sell from Hold and lowered the price target from $205 to $130 per share, citing various reasons, including rising competition and elevated valuation.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 10.66% move in either direction.
What Is the Target Price of CRCL Stock?
Currently, Wall Street is cautious about Circle Internet stock, with a Hold consensus rating based on five Buys, five Holds, and four Sell recommendations. The average CRCL stock price target of $181.50 indicates a possible upside of 14.13% from current levels.
