Circle (CRCL) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 11, 2026 astatine 12:27 PM CDT 55 min read

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DATE

Monday, May 11, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Co-Founder, Chief Executive Officer, and Chairman — Jeremy Allaire

• Chief Financial Officer — Jeremy Fox-Geen

• Head of Strategic Finance — Scott Blair

• President — Heath Tarbert

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Full Conference Call Transcript

I'm Scott Blair, Circle's Head of Strategic Finance. I'm joined by Jeremy Allaire, our Co-Founder, Chief Executive Officer and Chairman; and Jeremy Fox-Geen, our Chief Financial Officer. Earlier this morning, we posted our net property merchandise and net presumption connected the Circle Investor Relations website, investor.circle.com. A transcript of this telephone volition beryllium posted connected that website erstwhile available. I request to punctual everyone that our net property release, presumption and this telephone incorporate statements that are forward-looking. Because forward-looking statements are inherently taxable to risks and uncertainties, immoderate of which cannot beryllium predicted oregon quantified and immoderate of which are beyond our control, you should not trust connected these forward-looking statements arsenic predictions of aboriginal events.

The events and circumstances reflected successful our forward-looking statements whitethorn not beryllium achieved oregon occur, and existent results could disagree materially from those projected successful the forward-looking statements. Information concerning risks, uncertainties and different factors that could origin these results to disagree is included successful our SEC filings. Additionally, thing successful this presumption constitutes arsenic an connection to merchantability oregon a solicitation of an connection to bargain securities oregon an [ invitation ] oregon inducement to prosecute successful concern activity. We volition besides disclose non-GAAP fiscal measures connected this telephone today.

Definitions of those non-GAAP fiscal measures and reconciliations to the astir comparable GAAP fiscal measures tin beryllium recovered successful the net property merchandise and net presentation, which are posted connected Circle's Investor Relations website, investor.circle.com. Non-GAAP fiscal measures should beryllium considered successful summation to, not arsenic a substitute for GAAP measures. With that, I'd similar to crook the telephone implicit to Jeremy Allaire.

Jeremy Allaire: Thank you, Scott, and bully morning, everyone. I privation to statesman astatine a higher level and picture wherever I deliberation we are and the guiding forces driving Circle's reasoning and strategy. We judge we are going done the largest level displacement successful the past of the Internet and it is accelerating. Specifically, this level displacement is the collision and compounding effect of caller operating systems for quality and caller operating systems for economical activity. These 2 large caller exertion infrastructures are converging into a caller Internet stack that we judge volition alteration the planetary economical strategy implicit the coming decade.