Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 335

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 335
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 |     | $    |        258 |   |
| Supplemental schedule of non-cash activities                                                 |     |                              |            |   |     |      |            |   |
| Obligations to return digital asset collateral                                               |     | $                            |          — |   |     | $    |     (1,905 | ) |
| Digital assets collateral received                                                           |     | $                            |          — |   |     | $    |      1,905 |   |
| Noncash consideration for business combination                                               |     | $                            |     89,919 |   |     | $    |          — |   |
| Net changes in the purchase and redemption of digital financial assets                       |     | $                            |    (12,162 | ) |     | $    |          — |   |
| Receipt of stablecoins receivable                                                            |     | $                            |      7,000 |   |     | $    |      6,513 |   |
| Capitalized stock-based compensation expense related to internally developed software        |     | $                            |      2,737 |   |     | $    |      3,451 |   |
| Investment received for unearned revenue                                                     |     | $                            |     (1,950 | ) |     | $    |          — |   |
| Net changes in capitalized transaction costs included in liabilities                         |     | $                            |      1,352 |   |     | $    |          — |   |
| Non-cash purchase of investments and digital assets                                          |     | $                            |       (150 | ) |     | $    |     (3,879 | ) |
| Unrealized (loss) gain on convertible notes  –  credit risk, net of                          
 tax                                                                                          |     | $                            |        (84 | ) |     | $    |        364 |   |

The accompanying notes are an integral part of these condensed unaudited consolidated financial statements. F-8

CIRCLE INTERNET GROUP, INC. AND SUBSIDIARIES

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
1. Description of business

Overview of the Business

On July 1, 2024, Circle Internet Financial Limited (“Circle Ireland”) consummated an Irish High Court-approved scheme of arrangement, pursuant to which
issued ordinary shares and preferred shares in the capital of Circle Ireland were cancelled and