Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 296

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 296
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     (23,397 | ) |     | $    |    138,821 |   |
| Non-cash consideration for business combinations                                             |     | $                       |           — |   |     | $    |   (141,618 | ) |
| Non-cash consideration for asset acquisition                                                 |     | $                       |    (209,938 | ) |     | $    |          — |   |
| Non-cash purchase of investments and digital assets                                          |     | $                       |      (8,937 | ) |     | $    |    (20,497 | ) |
| Capitalized stock-based compensation expense related to internally developed software        |     | $                       |      13,118 |   |     | $    |      6,262 |   |
| Right-of-use assets                                                                          
 recognized on adoption of ASU 2016-02                                                        |     | $                       |           — |   |     | $    |      3,273 |   |
| Repayment of loans payable                                                                   |     | $                       |           — |   |     | $    |    (25,000 | ) |
| Non-cash interest payments                                                                   |     | $                       |           — |   |     | $    |     (6,061 | ) |
| Unrealized gain (loss) on available-for-sale debt securities                                 |     | $                       |        (815 | ) |     | $    |      1,039 |   |
| Unrealized gain (loss) on convertible notes  —  credit risk                                  |     | $                       |       1,182 |   |     | $    |     (3,155 | ) |

The accompanying notes are an integral part of these consolidated financial statements. F-9

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

### CIRCLE INTERNET FINANCIAL LIMITED AND SUBSIDIARIES

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

Overview of the business

Circle
Internet Financial Limited, a private company limited by shares incorporated in Ireland, began operations in 2013. The consolidated financial statements include the accounts of Circle Internet Financial Limited (the “Parent”) and its
subsidiaries (together, “Circle,” the “Company,” “we,” “us,” or “