TechFlow News, February 25: Circle Internet Group (NYSE: CRCL) today released its fiscal year 2025 fourth-quarter and full-year financial results. The report shows that as of the end of 2025, the circulating supply of USDC reached $7.53 billion, a 72% year-on-year increase; on-chain USDC transaction volume for Q4 totaled $11.9 trillion, up 247% year-on-year. Financially, total revenue and reserve income for fiscal year 2025 amounted to $2.7 billion, a 64% increase year-on-year; Q4 revenue was $770 million, up 77% year-on-year. The company reported a net loss of $70 million for the full year, primarily driven by $424 million in stock-based compensation related to its IPO; adjusted EBITDA was $582 million, up 104% year-on-year.
Business highlights include: the Arc public testnet has launched, with over 100 participants and an average daily transaction volume of 2.3 million; the Circle Payments Network now includes 55 financial institutions; EURC’s circulating supply reached €310 million, up 284% year-on-year. Circle also established strategic partnerships with Visa and Intuit, and received approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter a national trust bank.
Looking ahead, Circle expects USDC’s circulating supply to grow at a compound annual growth rate of 40% in fiscal year 2026; other revenue is projected to range between $150 million and $170 million; RLDC margin is expected to remain within the 38–40% range; and adjusted operating expenses are forecast at $570 million to $585 million.
