Block Inc., the fintech company founded by Jack Dorsey with a focus on Bitcoin, released its financial results for the fourth quarter of 2025 on February 26. The company reported adjusted earnings per share (EPS) of $0.65, matching analysts’ expectations, while revenue reached $6.25 billion, slightly exceeding the anticipated $6.24 billion.
A notable highlight from the quarter was a 24% year-over-year increase in gross profit, totaling $2.87 billion. This strong performance was bolstered by an impressive 33% jump in gross profit from Cash App, which amounted to $1.83 billion. Looking ahead, Block projects to generate $12.2 billion in gross profit with an adjusted EPS of $3.66 in 2026.
In a significant shift, Block has announced plans to reduce its workforce by 40%, translating to over 4,000 layoffs. This decision, which Dorsey communicated via X, is part of a broader restructuring strategy that aims to streamline operations amid the increasing adoption of artificial intelligence (AI) technologies across the industry. Following this announcement, Block’s stock experienced a notable surge, climbing more than 22% in after-hours trading to $66.62.
Founded in 2009, Block became a member of the S&P 500 index in July last year. The company has integrated Bitcoin into various products, including its Cash App, self-custody hardware wallet Bitkey, Bitcoin mining system Proto, and an upcoming point-of-sale system that will feature Bitcoin integration. Dorsey’s belief in Bitcoin is well-documented, and he has previously expressed that he would be focused on Bitcoin if not for his other ventures. He famously forecasted that Bitcoin’s value could surpass $1 million by 2030.
As of the latest market update, Bitcoin was priced at $67,480.15, reflecting a 2% decrease over the previous 24 hours.
