Circle Reports Fourth Quarter and Full Fiscal Year 2025 Financial Results

Circle Internet Group, Inc. (NYSE: CRCL) today announced results for the fourth quarter and full fiscal year 2025. Fourth Quarter Highlights (Q4’25 vs. Q4’24) USDC in circulation of $75.3 billion at year end grew 72% ; USDC onchain transaction volume in Q4’25 of $11.9 trillion, up 247% Total revenue and reserve income in Q4’25 of $770 million grew 77% Net Income from continuing operations in Q4’25 of $133 million increased $129 million Adjusted EBITDA in Q4’25 of $167 million grew 412% Full Year Financial Highlights (FY25 vs. FY24) Total revenue and reserve income in FY25 of $2.7 billion grew 64% Net Loss from continuing operations in FY25 of $70 million, significantly impacted by $424 million for stock-based compensation related to vesting conditions met by our IPO, compared to Net Income from continuing operations in FY24 of $157 million Adjusted EBITDA in FY25 of $582 million grew 104% Business Highlights Arc: Public testnet launched with 100+ participants spanning banking, capital