CIRCLE $CRCL Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $865M (Est. $778M) 🟢; +17% YoY 🔹 EPS: $0.84 (Est. $0.37) 🟢; +31% YoY 🔹 Adj. EBITDA: $317M (Est. $213M) 🟢; +85% YoY 🔹 Reserve Income: $658M (Est. $656.3M) 🟢; -8% YoY Affirms FY26 Guide: 🔹 Other Revenue: $310M-$330M 🔹 RLDC Margin: 41.7%-43.7% 🔹 Adjusted OpEx: $570M-$585M 2026-2028 Outlook: 🔹 USDC in Circulation: 40% CAGR Announcements: 🔹 Arc Mainnet: 100+ institutional and ecosystem builders on day one 🔹 Tazapay: $25B+ annualized payment volume; 60+ partners; 100+ markets 🔹 ARC Token: 10B-token initial supply; $182M presale revenue 🔹 Arc Community: 75,000+ members; 10,000 ambassadors; 1,200+ projects 🔹 Binance: $100M equity investment in Circle Other Q3 Metrics: 🔹 USDC Circulation: $73.9B; flat YoY 🔹 Average USDC: $73.3B; +8% YoY 🔹 Onchain Volume: $13.9T; +49% YoY 🔹 RLDC Margin: 52%; +1,291 bps YoY 🔹 Other Revenue: $207M; +627% YoY Key Updates: 🔹 Other Revenue: $207M incl. $182M ARC token presale; presale also lifted Adjusted EBITDA Comments: 🔸 “We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. Together, we’re building the financial and economic infrastructure for the internet, and upgrading the system for a world where people, businesses, and AI agents all transact onchain.”