Circle is about to release its first financial report after its IPO, with Wall Street expecting revenue of $647 million

Golden Finance reported that according to Yahoo Finance, stablecoin issuer Circle will release its quarterly performance report for the first time after going public on Tuesday. Wall Street expects the company to incur losses, and the market generally expects an adjusted loss of $0.08 per share and revenue of $647 million. Analysis shows that the revenue generated by CIrcle's management of stablecoin related reserves has increased from $735.9 million in 2022 to $1.4 billion in 2023, and then to $1.7 billion in 2024, accounting for 95.3%, 98.6%, and 99.1% of its total recurring business revenue, respectively. Circle will also distribute some of the profits to Coinbase. It is reported that Wall Street analysts have currently given Circle's stock 9 "buy" ratings, 5 "hold" ratings, and 4 "sell" ratings.