Circle Announces 2025 Financial Results: USDC Circulation Up 72% Year-over-Year, Revenue Up 64%

2026-02-25 11:45:50

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Deep Tide TechFlow News, February 25 — Circle Internet Group (NYSE: CRCL) today released its Q4 and full-year 2025 financial reports. The report shows that by the end of 2025, USDC circulation reached $75.3 billion, a 72% year-over-year increase; Q4 on-chain USDC trading volume hit $11.9 trillion, a 247% increase year-over-year. Financially, total revenue and reserve income for the full year 2025 amounted to $2.7 billion, up 64%; Q4 revenue was $770 million, up 77%. The company recorded a net loss of $70 million for the year, mainly due to $424 million in stock compensation related to the IPO; adjusted EBITDA was $582 million, a 104% increase year-over-year.

Business highlights include: Arc public test network is now live with over 100 participants and an average daily trading volume of 2.3 million transactions; Circle Payments Network has 55 financial institutions onboard; EURC circulation reached €310 million, a 284% increase year-over-year. The company also announced strategic partnerships with Visa, Intuit, and others, and received approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank.

Looking ahead, Circle projects that in 2026, USDC circulation will maintain a 40% compound annual growth rate, with other revenue targets between $150 million and $170 million. RLDC profit margins are expected to stay in the 38-40% range, and adjusted operating expenses are forecasted to be between $570 million and $585 million.

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