Let's say I have 25 users in my JIRA and JIRA agile instance and that is the license we sign up for. If only 10 people will be using JIRA Portfolio can I get a license for 10 users instead of 25 users?
Your question is answered on the licensing page: https://www.atlassian.com/licensing/jira-portfolio#serverlicenses-6
A JIRA Portfolio license must match the user count and type of the JIRA Server license it is being used with. For instance, a 25 User Commercial JIRA Server license will require a 25 User Commercial JIRA Portfolio license.
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