Circle announces Q4 2025 and full-year results: total annual revenue of $2.7 billion, up 64%, USDC circulation growth of 72%

ZkProver · 2026-02-25T12:01:34+00:00

Circle announces 2025 performance, with the amount of USDC in circulation reaching $75.3 billion, a 72% increase year-over-year; on-chain transaction volume reaching $11.9 trillion, up 247%. Total annual revenue and reserve income amount to $2.7 billion, a 64% increase. Net loss from continuing operations is $70 million, affected by IPO equity incentive expenses. Adjusted EBITDA increased to $582 million. Circle is committed to building an economic operating system, promoting frictionless cross-border payments and emerging smart applications.

ZkProver

2026-02-25 12:01:34

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ChainCatcher News: Stablecoin USDC issuer Circle reports Q4 2025 and full-year results, including:

The amount of USDC in circulation is $75.3 billion (as of the end of the period), up 72% year-over-year;
USDC on-chain trading volume reached $11.9 trillion, a 247% increase year-over-year;
Total revenue and reserve income reached $770 million, a 77% increase;
Total revenue and reserve income for fiscal year 2025 was $2.7 billion, up 64%;
Net loss from ongoing operations for fiscal year 2025 was $70 million, mainly due to $424 million in stock-based compensation related to an IPO, compared to a net profit of $157 million in fiscal year 2024;
Adjusted EBITDA for fiscal year 2025 was $582 million, up 104%.

Circle states that it is building an economic operating system for the internet, enabling everything from frictionless cross-border payments to new possibilities brought by intelligent AI.

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