Circle Internet (CRCL) is set to report third-quarter earnings on Wednesday, November 12, and the options market expects a potentially volatile reaction. According to recent data, traders are pricing in a swing of 12.3% in either direction. That is a notable move for the stablecoin-focused fintech firm, which has seen its stock trade from a low of $64 to a high near $299 since its IPO in June 2025.
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Investors will also closely watch trends in stablecoin transaction volume and adoption, which are key to the company’s core business. Further, clarity on regulatory compliance, particularly in the U.S. and EU, will also be a major focus.
In addition, any updates on new product launches or strategic partnerships may signal expansion opportunities. Finally, metrics around cash burn and profitability will be key in assessing Circle’s financial health and long-term sustainability.
Expectations from CRCL’s Q3 Results
Wall Street is forecasting an earnings of $0.22 per share for the quarter ending September 2025. This is a sharp turnaround from Q2, when Circle posted a net loss of $4.48 per share, missing estimates by a wide margin.
Also, analysts project Q3 revenues of $706.7 million. In the previous quarter, revenue jumped 53% year-over-year to $658 million.
Ahead of the earnings release, Monness analyst Gus Gala started coverage on Circle Internet stock with a Buy rating and a $150 price target.
He believes Circle has strong long-term potential to move a large portion of global money supply onto blockchain using stablecoins, which could boost U.S. dollar dominance and make global transactions cheaper and easier. Gala also pointed out that Circle trades at a much lower valuation than Tether, suggesting potential undervaluation.
The analyst expects margin and revenue upside from Circle’s RLDC (Revenue less Distribution Costs) segment in its Q3 2025 earnings report.
Is CRCL a Buy?
Turning to Wall Street, CRCL stock has a Moderate Buy consensus rating based on eight Buys, five Holds, and three Sells assigned in the last three months. At $166.11, the average Circle stock price target implies a 65.76% upside potential.
