Circle reported $865 million in revenue and reserve products for the third quarter of 2026, up 17% year over year, and $226 million in net income from continuing operations. Adjusted EBITDA reached $317 million, helped by the ARC token presale, which generated $182 million and accounted for about 21% of revenue. At the same time, the company cut approximately 5% of its workforce and recorded $9.1 million in restructuring charges. Reserve revenue fell 8% to $658 million despite average USDC circulation rising 8% to $73.3 billion. Circle maintained its annual forecasts following the public launch of its Arc network on September 16.
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