BLOCK(SQ) - 2025 Q4 - Annual Results

Today we shared a difficult decision with our team. We're reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation. I want to use this letter to explain why I believe this is the right path for our company, and what Block looks like going forward. Exhibit 99.1 Q4 2025 Shareholder Letter investors.block.xyz To Our Shareholders 2025 was a strong year for us. Gross profit growth more than doubled from t ...