Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 161

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 161
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 Centre Acquisition. This increase was partially offset by the higher taxable income in 2023 driven primarily by higher pre-tax book income relative to 2024. Income tax expense increased by $44.1 million for the year ended December 31, 2023, compared to the year ended December 31, 2022, primarily due to a significant increase in reserve income which led to a consolidated pre-taxincome for the year ended December 31, 2023 compared to a pre-taxloss for the year ended December 31, 2022 and the full utilization of federal net operating loss carryforwards in the year ended December 31, 2023. Changes in financial position The following table sets forth a summary of selected line items from our consolidated balance sheets for the periods indicated, and the changes between periods. These selected line items have been prepared on the same basis as our consolidated financial statements included elsewhere in this prospectus. In the opinion of management, the financial information set forth in the table below reflects all normal recurring adjustments necessary for the fair statement of changes in the selected line items for these periods. The following selected line items should be read together with our consolidated financial statements and related notes, included elsewhere in this prospectus. March 31, 2025 compared to December 31, 2024

|                                                                                              |     | March 31,  
 2025       |            |     | December 31, 
 2024         |            |     | $ Change |            |   |     | % Change |          |
|:---------------------------------------------------------------------------------------------|:----|:-----------|-----------:|:----|:-------------|-----------:|:----|:---------|-----------:|:--|:----|:---------|:---------|
|                                                                                              |     | -unaudited |            |     |              |            |     |          |            |   |     |          |          |
| (in thousands, except percentage information)                                                |     |            |            |     |              |            |     |          |            |   |     |          |          |
| ASSETS                                                                                       |     |            |            |     |              |            |     |          |            |   |     |          |          |
| Current assets:                                                                              |     |            |            |     |              |            |     |          |            |   |     |          |          |
| Cash and cash equivalents (including cash and cash equivalents segregated for corporate-held 
 stablecoins)