Huo Xing Finance reports, according to BBX data, the earnings season for crypto-related stocks concluded with dual announcements, revealing key metrics for both the stablecoin and mining sectors: Circle Internet Group, Inc. (NYSE: $CRCL) officially released its Q1 2026 financial results via BusinessWire on May 11: total revenue and reserve income combined reached $694 million (up 20% year-over-year), below the analyst consensus estimate of approximately $715 million by about $20.75 million; GAAP EPS was $0.21, exceeding expectations by $0.03 (consensus: $0.18); adjusted EBITDA was $151 million (up 24% year-over-year), with a margin of 53%; net income (from continuing operations) was $55 million (down 15% year-over-year). USDC’s outstanding supply at quarter-end stood at $77 billion (up 28% year-over-year), with on-chain transaction volume reaching $21.5 trillion (up 263% year-over-year); reserve interest income totaled $653 million (up 17% year-over-year), with a reserve yield of 3.5% (down 66 basis points year-over-year, reflecting lower SOFR rates); full-year 2026 guidance remained unchanged. Additionally, Circle disclosed that the ARC Token completed a $222 million private pre-sale, with a fully diluted network valuation of $3 billion. Investors included a16z crypto, Apollo, ARK Invest, BlackRock, General Catalyst, Haun Ventures, Intercontinental Exchange, IDG Capital, Janus Henderson, and Standard Chartered Ventures. MARA Holdings, Inc. (NASDAQ: $MARA) officially released its Q1 2026 financial results via GlobeNewswire on May 11: revenue was $174.6 million (down 18% year-over-year, below the consensus estimate of approximately $182.7 million); net loss was $1.3 billion (loss per share of -$3.31, below the consensus range of -$2.20 to -$2.34), of which approximately $1 billion stemmed from non-cash impairment losses due to declines in digital asset fair values; during Q1, the company mined 2,247 BTC and sold 20,880 BTC; as of March 31, BTC holdings decreased to 35,303 BTC (approximately $2.4 billion); hash rate increased 33% year-over-year to 72.2 EH/s; approximately 30% of outstanding convertible notes (face value exceeding $1 billion) have been repaid; combined cash and BTC balance stood at $2.9 billion.
Circle Q1 revenue of $6.94M misses estimates; MARA Q1 BTC sale results in $13M net loss
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Summary
Circle Internet Group (CRCL) reported Q1 2026 revenue of $6.94 million, below the $7.15 million estimate, though GAAP EPS of $0.21 exceeded forecasts. MARA Holdings (MARA) recorded a $130 million net loss in Q1 2026 following the sale of 20,880 BTC, with losses attributable to fair value declines. BTC price and BTC dominance remain key metrics amid evolving market conditions.
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