Key Highlights
- Circle Internet Group Inc. reported strong Q4 growth, with a 77% increase in revenue to $770 million.
- Investors reacted positively, pushing Circle’s stock up by about 30% during early trading.
Circle Internet Group Inc. saw its stock surge up to 30% during earlier trading hours today after it reported its fourth-quarter 2025 earnings.
According to the New York-based company, its recorded revenue of about $770 million for the quarter. This is a 77% increase compared to the same period last year, and slightly above the $747 million that analysts expected. In addition, its net income came in at $133 million, while adjusted earnings reached about $167 million. Earnings per share were $0.43, which beat the $0.35 that was expected.
Following the report, Circle’s stock (CRCL) rose from an intraday low of $61.37 to now trading for $79.48.
72% surge in stablecoin growth
Circle also reported that the amount of USDC in circulation went up by 72% to about $75.3 billion by the end of the quarter. The company noted that on-chain transaction volume reached $11.9 trillion, up 247%, which suggests that more users and businesses are active using the stablecoin. Most of the revenue came from interest generated on U.S. government securities that backed the stablecoin reserves.
For the full year, Circle reported a revenue of $2.7 billion, which is a 64% increase compared to 2024. The company had a net loss of $70 million for the year because of its $424 million in stock-based compensation linked to its public listing. Even with that, operating income stayed up at about $157 million.
The company said it plans to earn between $150 million and $170 million from non-interest revenue in 2026. The revenue after distribution costs is expected to reach 38%-40% next year. Circle reported that partnerships, like with Coinbase, allow customers to hold USDC and earn rewards, which helps more people use the stablecoin.
Strong performance in infrastructure
Circle’s infrastructure continues to expand. The Circle Payment Network, which allows banks to settle international transactions with stablecoins, now includes institutions, with more expected to join. Circle also launched the public testnet for Arc, a blockchain platform that lets institutions build tokenized financial apps. More than 100 participants have joined the early testing.
Circle’s euro-based stablecoin, EURC, also performed well. It reached €310 million in circulation, which is up 284% from previous years. This is thanks to support from changes in regulatory policies, including the GENIUS Act that was signed into law last year by U.S. President Donald Trump. The bill made a clear framework for payment stablecoins, which allowed companies to adopt them for their businesses.
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