Following the release of its financial results, the issuer's stock surged by 26%.

Circle has announced its financial results for 2025, with total revenue and reserve income reaching $2.7 billion.

Momentum is building in internet-native finance, and our Q4 and full year 2025 results show it.

→ $75.3B USDC in circulation (as of end of period), +72% YoY
→ $11.9T in USDC onchain transaction volume, +247% YoY
→ $770M total revenue and reserve income, +77% YoY

Circle is… pic.twitter.com/QfMtK46mW2

— Circle (@circle) February 25, 2026

This figure represents a 64% increase compared to the previous reporting period.

The net loss was $70 million, attributed to stock-based compensation expenses of $424 million following the IPO. However, operating profit remained positive at approximately $157 million.

For the fourth quarter, Circle reported $770 million in revenue, a 77% increase from the same period in 2024. The primary source of growth was reserve income, totaling $733 million.

Net income from operations between October and December soared to $133 million ($0.43 per share), up from $4 million a year earlier. Analysts had anticipated earnings of $0.16 per share on revenue of $747 million.

The volume of USDC in circulation at year-end reached $75.3 billion, a 72% increase since December 2024. The average annual figure doubled to $76.2 billion. At the time of writing, the market capitalization of the stablecoin exceeds $75 billion (CoinGecko).

“The adoption of USDC continues to gain momentum globally: more companies, developers, and government entities are using digital dollars for real payments, treasury operations, and on-chain finance,” commented Circle CEO Jeremy Allaire.

Following the financial report, CRCL shares rose by 26% to $77.4.

Source: Yahoo Finance.

Other Products

Circle also reported growth in other areas. The volume of the euro-pegged stablecoin EURC in circulation reached €310 million, a 284% increase year-over-year. The tokenized money market fund USYC totaled $1.5 billion.

The company shared updated information on the Arc testnet: over 100 participants from the banking sector, capital markets, and tech companies have joined. The network processed over 166 million transactions, demonstrating nearly 100% uptime and finalization in half a second. As of February 20, the average daily transaction count reached 2.3 million. The mainnet launch is planned for this year.

The Circle Payments Network has integrated 55 financial institutions, with 74 more currently under review. The annual transaction volume based on the last 30 days was $5.7 billion.

Simultaneously, the issuer is expanding strategic partnerships:

  • with Visa — in the area of continuous settlements;
  • with Intuit — at the infrastructure integration level.

It is worth noting that for 2025, Tether International — Circle's main competitor — reported a net profit exceeding $10 billion.