Core Viewpoint - Circle (CRCL.US) experienced a pre-market surge of over 20%, reaching $74.20, following the announcement of its Q4 FY2025 earnings which exceeded analyst expectations significantly [1] Financial Performance - The company reported earnings per share of $0.56 for Q4 FY2025, surpassing the consensus estimate of $0.17 [1] - Quarterly sales amounted to $770.232 million, exceeding the expected $739.446 million, representing a 76.92% increase from $435.367 million in the same quarter last year [1] USDC Metrics - As of year-end, the circulating supply of USDC reached $75.3 billion, reflecting a year-over-year growth of 72% [1] - The on-chain transaction volume for USDC in Q4 FY2025 was $11.9 trillion, marking a substantial increase of 247% year-over-year [1] Future Projections - The management has set a long-term compound annual growth rate (CAGR) target of 40% for USDC circulation [1] - For FY2026, the company anticipates other revenues (including subscriptions, services, and transaction fees) to reach between $150 million and $170 million [1] - The projected RLDC profit margin for FY2026 is expected to remain high, between 38% and 40% [1] - Adjusted operating expenses for FY2026 are forecasted to be between $570 million and $585 million [1]