Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 157

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 157
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, or 68.1%, as of December 31, 2024 compared to December 31, 2023, primarily due to $157.0 million of net income generated from continuing operations, $63.6 million of stock-based compensation expenses during the year ended December 31, 2024, $6.7 million adjustment to opening retained earnings related to the adoption of Accounting Standards Update No. 2023-08, and $4.7 million increase in additional paid-in-capital related to the conversion of convertible debt. Quarterly Results of Operations The following table summarizes certain key financial performance measures derived from our unaudited quarterly consolidated statements of operations data for each of the quarters ended June 30, 2024, September 30, 2024, December 31, 2024, March 31, 2025, and June 30, 2025. The information for each of these quarters has been prepared on the same basis as our audited annual consolidated financial statements included elsewhere in this prospectus and, in the opinion of management, reflects all adjustments of a normal, recurring nature that are necessary for the fair statement of the results of operations for these periods. This data should be read in conjunction with our consolidated financial statements included elsewhere in this prospectus and the remainder of this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section.

| (in millions except RLDC Margin and Net Reserve                                       
 Margin)                                                                               |     | Three months ended 
 June 30,           
 2025               |     |   |     | March 31, 
 2025      |     |   |     | December 31, 
 2024         |     |   |     | September 30, 
 2024          |     |   |     | June 30, 
 2024     |     |   |
|:--------------------------------------------------------------------------------------|:----|:-------------------|----:|:--|:----|:----------|----:|:--|:----|:-------------|----:|:--|:----|:--------------|----:|:--|:----|:---------|----:|:--|
| Reserve Income                                                                        |     | $                  | 634 |   |     | $         | 558 |   |     | $            | 433 |   |     | $             | 445 |   |     | $        | 423 |   |
| Other Revenue                                                                         |     |