Circle Internet Group, Inc.（CRCL）2025年第四季度及全年业绩报告「NYSE」（英文版）（18页）.pdf

1、CIRCLE REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2025 FINANCIAL RESULTS NEW YORK FEBRUARY 25,2026 Circle Internet Group,Inc.(NYSE:CRCL)today announced results for the fourth quarter and full fiscal year 2025.Fourth Quarter Highlights(Q425 vs.Q424)USDC in circulation of$75.3 billion at year end gre

2、w 72%;USDC onchain transaction volume in Q425 of$11.9 trillion,up 247%Total revenue and reserve income in Q425 of$770 million grew 77%Net Income from continuing operations in Q425 of$133 million increased$129 million Adjusted EBITDA in Q425 of$167 million grew 412%Full Year Financial Highlights(FY25

3、 vs.FY24)Total revenue and reserve income in FY25 of$2.7 billion grew 64%Net Loss from continuing operations in FY25 of$70 million,significantly impacted by$424 million for stock-based compensation related to vesting conditions met by our IPO,compared to Net Income from continuing operations in FY24

4、 of$157 million Adjusted EBITDA in FY25 of$582 million grew 104%Business Highlights Arc:Public testnet launched with 100+participants spanning banking,capital markets,digital assets,payments,and technology.Testnet is performing strongly with near 100%uptime,half second transaction finality,and daily

5、 average transaction volumes of 2.3 million based on the trailing 30 days as of February 20,2026.Total transactions have exceeded 166 million since testnet launch.Arc remains on track for mainnet launch this year.Circle Payments Network(CPN)Expansion:55 financial institutions enrolled and 74 going t

6、hrough eligibility reviews as of February 20,2026.Activity has continued to grow with annualized transaction volume based on the trailing 30 day activity of$5.7 billion as of February 20,2026.Digital assets growth:EURC in circulation of 310 million at year end grew 284%year-over-year and 44%quarter-