Circle Announces Q4 and Full Year 2025 Performance: Total Revenue of $2.7 Billion, Up 64%, USDC Circulation Growth of 72%


Stablecoin USDC Issuer Circle Announces Q4 and Full Year 2025 Results, including:
Circulating USDC amount of $75.3 billion (as of the end of the period), up 72% year-over-year;
USDC on-chain trading volume reaching $11.9 trillion, up 247% year-over-year;
Total revenue and reserve income of $770 million, up 77% year-over-year.
Total revenue and reserve income for fiscal year 2025 reached $2.7 billion, a 64% increase;
Net loss from continuing operations for fiscal year 2025 was $70 million, mainly impacted by $424 million in stock-based compensation related to the (IPO), while fiscal year 2024 net profit from continuing operations was $157 million;
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 artificial intelligence.
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