Circle Reports $770M Q4 Revenue, 72% USDC Growth; Sets 40% CAGR Target
Circle Internet Group posted Q4 revenue of $770 million and reserve income of $733 million, driving net income of $133 million versus $4 million a year earlier and lifting adjusted EBITDA 412% to $167 million. USDC circulation rose 72% to $75.3 billion as company targets 40% growth, while Arc testnet processed 166 million transactions before mainnet launch.
1. Q4 Financial Results
Circle Internet Group reported Q4 2025 revenue of $770 million and reserve income of $733 million, driving net income of $133 million compared to $4 million a year earlier and lifting adjusted EBITDA 412% year-over-year to $167 million.
2. USDC Growth and Guidance
USDC circulation climbed 72% year-over-year to $75.3 billion as the company issued multi-year guidance targeting a 40% compound annual growth rate for its stablecoin, supporting broader adoption in payments and treasury services.
3. Arc Testnet Progress
Circle’s Arc public testnet, featuring over 100 participants from banking and technology sectors, has processed 166 million transactions with near-100% uptime and half-second finality, setting the stage for a mainnet launch later this year.
4. Market Reaction
Shares of Circle Internet Group surged over 20% in response to the earnings beat and growth targets, breaking above key technical levels and signaling strong investor confidence in its stablecoin strategy.