Circle reported significant growth in key financial and operational metrics for the fourth quarter of 2025, leading to a sharp increase in its stock price during pre-market trading.
This is reported by Finway
Circle’s Financial Results for Q4 2025
Circle, the issuer of the USDC stablecoin, has released its financial results for the fourth quarter of 2025. In light of the positive results, the company’s shares (CRCL) rose by approximately 20% in pre-market trading, reaching $72.7 per share.
“Against this backdrop, the company’s shares increased by approximately 20% in pre-market trading.”
Circle reported that total revenue and reserve income for the quarter reached $770 million, a 77% increase compared to the same period last year. Net income from ongoing operations was $133 million, which is $129 million higher year-over-year. Adjusted EBITDA was $167 million, showing a 412% increase, while reserve income reached $733 million, indicating a 69% growth.
Growth in USDC Circulation and On-Chain Activity
As of the end of the fourth quarter of 2025, the circulation of USDC increased to $75.3 billion, which is 72% higher than the previous year. Meanwhile, the on-chain transaction volume with the stablecoin for the quarter amounted to $11.9 trillion — a 247% increase year-over-year.
The company noted that the primary factor driving the increase in reserve income was the nearly twofold growth in USDC’s market capitalization. Earlier, Circle also announced the creation of an “internet financial system” based on USDC, which is expected to strengthen the company’s position in the global digital finance market.