Background: Osteoporosis (OP) is a common bone disease of old age resulting from the imbalance between bone resorption and bone formation. circRNAs are a class of endogenous noncoding RNAs (ncRNAs) involved in gene regulation and may play important roles in the development of OP. Here, we aimed to discover the OP‑related circRNA-miRNA-mRNA (ceRNA) network and the potential mechanisms.Results: Six datasets were obtained from GEO databases and the differentially expressed genes, circRNAs, and miRNAs were screened out from these datasets. Then, combined with the predicted target miRNAs and target genes, a total of 7 target circRNAs, 5 target miRNAs, 38 target genes, and a ceRNA network was constructed. Then RNA-seq verification by using total RNA isolated from the femurs of normal and oophorectomy Wistar rats indicated that MFAP5, CAMK2A, and RGS4 were closely associated with osteoporosis. Function enrichment analysis indicated that the target circRNAs, miRNAs, and genes were involved in the process of MAPK cascade, hormone stimulus, cadherin binding, rRNA methyltransferase, PI3K-Akt signaling pathway, and Vitamin digestion and absorption, et.al. Then a circRNA-miRNA-hub gene subnetwork was constructed and the RT-qPCR analysis of human bone tissues from the femoral head was used to confirm that the transcription of hsa_circR_0028877, hsa_circR_0082916, DIRAS2, CAMK2A, and MAPK4 showed a significant correlation with osteogenic genes. Besides, the two axes of hsa_circR_0028877 - hsa-miR-1273f - CAMK2A and hsa_circR_0028877 - hsa-miR-1273f - DIRAS2 conformed to be closely associated with OP. Additionally, by constructing a drug-target gene network, RKI-1447, FRAX486, Hyaluronic, and Fostamatinib were identified as therapeutic options for OP.Conclusions: Our study revealed the potential links between circRNAs, miRNAs, and mRNAs in OP, suggesting that the ceRNA mechanism may contribute to the occurrence of OP.