Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 147

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 147
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 |     |          | (162,342 | ) |     |          | (8450.9 | )% |
| Net income (loss) from continuing operations before income taxes |     |                                    | (486,003 | ) |     |      |  52,167 |     |          | (538,170 | ) |     |          | (1031.6 | )% |
| Income tax (benefit) expense                                     |     |                                    |   (3,903 | ) |     |      |  19,244 |     |          |  (23,147 | ) |     |          |  (120.3 | )% |
| Net income (loss) from continuing operations                     |     | $                                  | (482,100 | ) |     | $    |  32,923 |     | $        | (515,023 | ) |     |          | (1564.3 | )% |

Revenue and reserve income Reserve income.Reserve income increased by $211.0 million, or 49.9%, for the three months ended June 30, 2025, compared to the three months ended June 30, 2024, of which approximately $327.4 million of the increase 89

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

is attributable to a 86% increase in average daily USDC in circulation reflecting increased demand for Circle stablecoins related to digital asset trading activity, market share gains as we
continue to grow in key markets, as well as expanded strategic partnerships and integrations. This was offset by a decrease of approximately $117.2 million attributable to a 103 basis point decline in the average yields reflecting interest
rate actions undertaken by the U.S. Federal Reserve.

Other revenue. Other revenue increased by $17.0 million, or 251.8%, for the three months
ended June 30, 2025, compared to the three months ended June 30, 2024, primarily due to an $18.4 million increase driven by additional Integration Services performed, fund management fees, and redemption fees related to our Tokenized Funds and
Circle stablecoins.

Distribution, transaction and other costs

Distribution and transaction costs. Distribution and transaction costs increased by $159.6 million, or 64.6%, for the three months ended June 30, 2025