Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 370

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 370
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----|:------------------------------|------:|:--|:----|:-------------------------------------|------:|
| Balance as of December 31, 2024                                     |     |                               |   548 |   |     | $                                    | 47.82 |
| Shares issued                                                       |     |                               | 1,473 |   |     |                                      | 31.16 |
| Shares forfeited                                                    |     |                               |    (6 | ) |     |                                      | 47.82 |
| Balance as of June 30, 2025                                         |     | $                             | 2,015 |   |     | $                                    | 35.64 |

For the three and six months ended June 30, 2025 post-combination stock-based compensation cost included in the stock-based compensation expense was $ 8.2 million and $ 15.3million. For the three and six months ended June 30, 2024, post-combination stock-based compensation cost included in the stock-based compensation expense was $ 9.8 million and $ 20.2 million, respectively. As of June 30, 2025 unrecognized stock-based compensation cost related to outstanding unvested shares and warrants issued for business combinations that are expected to vest was $ 48.1 million which is expected to be recognized over a weighted-average period of 2.3 years

| 18. | Earnings (loss) per share |

The computation of net income per share is as follows (in thousands, except per share amounts):

| Table 18.1. Earnings (loss) per share                                 |     | Three months ended June 30, 
 2025                        |          |   |     | 2024 |         |   |     | Six months endedJune 30, 
 2025                     |          |   |     | 2024 |         |   |
|:----------------------------------------------------------------------|:----|:----------------------------|---------:|:--|:----|:-----|--------:|:--|:----|:-------------------------|---------:|:--|:----|:-----|--------:|:--|
| Net income (loss)                                                     |     | $                           | (482,100 | ) |     | $    |  32,923 |   |     | $                        | (417,309 | ) |     | $    |  81,562 |   |
| Less: Dividend preference on preferred