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

Circle Internet Group reported $865 million in revenue and reserve income for the third quarter, up 17% from a year earlier. Net income from continuing operations was $226 million, compared with $214.4 million in the same quarter last year. Adjusted EBITDA was $317 million, up from $171.5 million in the third quarter of 2025. A note in the earnings tables disclosed that Circle reduced its workforce by approximately 5% and recorded $9.1 million in related restructuring costs, mainly for notice and severance payments, employee benefits, and related expenses. Circle said the reduction was…

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