W3 — Circle financial statements decoded: 64% growth, $70M GAAP loss
Circle financial statements — FY2025 revenue jumped 64% to $2.74B and adjusted EBITDA doubled to $582M, yet GAAP net loss hit $70M. Decoding the IPO one-off behind the gap.
Circle financial statements — FY2025 revenue jumped 64% to $2.74B and adjusted EBITDA doubled to $582M, yet GAAP net loss hit $70M. Decoding the IPO one-off behind the gap.