CIRCLE8 GROUP INC 2026: Revenue $319.81M, EPS ($0.98) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Circle8 Group Inc reported Q2 2026 results with revenue surging 210.8% to $319.81M, driven by the January acquisition of Circle8. However, net loss widened to $86.37M (EPS: -$0.98) due to acquisition costs, margin pressures, and higher SG&A expenses. The company expanded its European IT staffing offerings and now employs ~8,300 tech professionals. Management aims for M-led consolidation to improve operating leverage.
Circle8 Group Inc reported results for 2026 showing sharply higher revenue driven by the January 2026 acquisition of Circle8, while profitability weakened as acquisition-related costs and margin pressures weighed on results.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $319.81M | $102.9M | 210.8% |
| Net income² | ($86.37M) | ($10.72M) | (705.8%) |
| Diluted EPS³ | ($0.98) | ($0.2) | (390%) |
¹ Reported as “Service revenue, net”. ² Reported as “Net loss attributable to Circle8”. ³ Reported as “loss per share attributable to common stockholders, basic and diluted”.
Business Highlights
- Revenue growth reflected the January 2026 Circle8 acquisition; service revenue more than doubled quarter-over-quarter and rose roughly 177% for the six-month period.
- Expanded offerings into higher-margin European IT/technology staffing through Circle8 Group B.V., adding brokerage and payrolling services to the company mix.
- Operational scale increased to about 8,300 tech professionals with a presence across 100+ U.S. locations and broader multinational client coverage to support cross-regional deployments.
- Gross margin contracted due to lower European margins and higher workers’ compensation costs; SG&A increased from acquisition, transaction expenses and a one-time valuation charge.
- Management is pursuing an M&A-led consolidation strategy to capture synergies, improve operating leverage and support disciplined future expansion.
Original SEC Filing: CIRCLE8 GROUP INC [ CIRC ] - 10-Q - Aug. 19, 2026