Circle announces Q4 and full-year 2025 performance: total annual revenue of $2.7 billion, up 64%

GateUser-6433627c · 2026-02-25T11:41:40+00:00

In Q4 2025, Circle reported USDC circulation reaching $75.3 billion, a 72% increase year-over-year; on-chain transaction volume of $11.9 trillion, up 247%. Total revenue was $770 million, a 77% increase. Fiscal year net loss was $70 million, affected by IPO expenses. Circle is building an internet economy operating system.

GateUser-6433627c

2026-02-25 11:41:40

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On February 25, stablecoin issuer Circle announced its Q4 2025 and full-year results, including: the amount of USDC in circulation was $75.3 billion (as of the end of the period), up 72% year-over-year; on-chain USDC transaction volume reached $11.9 trillion, a 247% increase year-over-year; total revenue and reserve income amounted to $770 million, a 77% increase. For fiscal year 2025, total revenue and reserve income were $2.7 billion, up 64%; net loss from ongoing operations for FY 2025 was $70 million, mainly due to $424 million in stock-based compensation related to an IPO, while net profit from ongoing operations in FY 2024 was $157 million; adjusted EBITDA for FY 2025 was $582 million, up 104%. Circle stated that it is building an economic operating system for the internet, enabling everything from frictionless cross-border payments to new possibilities brought by intelligent artificial intelligence.

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