Revenue
Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer, net | $664.77M | $483.26M | $1.35B | $1.10B | $649.91M | $843.54M | $733.88M | $566.90M |
| Stablecoin revenue | $240.44M | $246.86M | $225.86M | $297.54M | $332.50M | $354.66M | $364.13M | $305.44M |
| Institutional, net | $63.62M | $55.29M | $141.29M | $98.89M | $60.82M | $135.01M | $184.95M | $135.73M |
| Other subscription and services revenue | $69.56M | $58.71M | $91.45M | $140.90M | $119.48M | $142.66M | $151.74M | $109.43M |
| Blockchain rewards | $185.14M | $154.82M | $214.87M | $196.59M | $144.54M | $184.65M | $151.63M | $100.85M |
| Other transaction revenue | $52.51M | $33.95M | $67.60M | $67.81M | $53.54M | $67.71M | $63.82M | $53.20M |
| Total | $1.45B | $1.21B | $2.27B | $2.03B | $1.50B | $1.87B | $1.78B | $1.41B |
Segments
Net revenueView metric
Other revenueView metric
Consumer, netView metric
Institutional, netView metric
Other transaction revenueView metric
Bank ServicingView metric
Stablecoin revenueView metric
Blockchain rewardsView metric
Other subscription and services revenueView metric
Subscription and CirculationView metric