Circle plunged in pre-market trading, now down over 3%, after previously rising 3.72%.

November 4 — according to data from the BIT stock platform, US-listed Circle reversed gains to fall in pre-market trading, now down 3.18% at $72.83, after previously rising as much as 3.72%.

Earnings showed that total revenue and reserve income for the third quarter of 2026 reached $865 million, up 17% year-over-year; net income from continuing operations was $226 million, up 5% year-over-year; adjusted EBITDA was $317 million, up 85% year-over-year.

Breaking it down, reserve income was $658 million, down 8% year-over-year; other income was $207 million, up 627% year-over-year, of which $182 million came from the ARC token pre-sale.

Average USDC circulation in the third quarter was $73.3 billion, up 8% year-over-year; on-chain transaction volume reached $13.9 trillion, up 49% year-over-year; USDC market share at period-end was 27%, and the number of wallets holding more than $10 in USDC reached 7.3 million, up 16% year-over-year. The company has cut approximately 5% of its workforce.