Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 367

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 367
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 was $ 435.0 million and $ 16.7 million for the three months ended June 30, 2025 and 2024, respectively, and $ 447.7 million and $ 26.2 million for the six months ended June 30, 2025 and 2024, respectively. The capitalized stock-based compensation expense related to internally developed software was $ 65.6 million and $ 3.5 million for the three months ended June 30, 2025 and 2024, respectively, and $ 68.3 million and $ 6.9 million for the six months ended June 30, 2025 and 2024, respectively.

**Stock options**

Granted stock options generally have 10 year terms and have vesting periods ranging from 12 months to 48 months.

A summary of outstanding stock options activities for the six months ended June 30, 2025 is presented as below:

| Table 17.1. Summary of Outstanding Stock Options Activities |     | Number ofStockOptions(in thousands) |        |   |     | WeightedAverageExercisePrice |       |     | WeightedAverageRemainingContractualTerm(in years) |     |     | AggregateIntrinsic Value(in thousands) |           |
|:------------------------------------------------------------|:----|:------------------------------------|-------:|:--|:----|:-----------------------------|------:|:----|:--------------------------------------------------|----:|:----|:---------------------------------------|----------:|
| Balance as of December 31, 2024                             |     |                                     | 22,751 |   |     | $                            |  8.48 |     |                                                   | 5.5 |     | $                                      |   522,900 |
| Options exercised                                           |     |                                     | (1,955 | ) |     |                              |  3.48 |     |                                                   |     |     |                                        |           |
| Options forfeited                                           |     |                                     |    (93 | ) |     |                              | 20.62 |     |                                                   |     |     |                                        |           |
| Balance as of June 30, 2025                                 |     |                                     | 20,703 |   |     |                              |  8.90 |     |                                                   | 4.6 |     |                                        | 3,568,967 |
| Exercisable at June 30, 2025                                |     |                                     | 19