Circle has revealed its Q4 2025 earnings.
Circle has officially published its earning results from the end of the year, with key growth patterns observed. This includes a 72% growth of USDC supply on from Q3 to $75B, as well revenue and reserve income increase by 77% to $770M. 2025 was a strong year for the company as a whole.
More broadly, Circle also expanded its underlying institutional product suite, with over 100 participants engaging with its own Layer 1 blockchain network Arc and 129 corporate entities either already enrolled or currently in review for CPN (Circle Payments Network).
The public markets reacted well to this performance, as Circle’s stock (CRCL) increased by 30%+ after this had come out. December actually saw a bottom to the share price as broader market sentiment for the industry reduced and liquidity for team members became available.

