Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 403

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 403
---
 as follows (in thousands):

**Table 6.2. Future Amortization Expense of Intangible Assets**

| Years ending December 31,  |     |   |        |
|:---------------------------|:----|:--|-------:|
| 2025                       |     | $ | 41,219 |
| 2026                       |     |   | 16,987 |
| 2027                       |     |   |  2,919 |
| 2028                       |     |   |  1,774 |
| 2029                       |     |   |    384 |
| Thereafter                 |     |   |  1,707 |
| Total amortization expense |     | $ | 64,990 |

F-5 8

**7. Fixed assets, net**

The following table presents our major categories of Fixed assets, net (in thousands):

**Table 7.1. Details of Fixed assets, net**

|                                                 |     | 2024 | December 31, |   |     | 2023 | December 31, |   |
|:------------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Computers & equipment                           |     | $    |        4,920 |   |     | $    |        4,543 |   |
| Leasehold improvements                          |     |      |          739 |   |     |      |          572 |   |
| Construction in progress                        |     |      |       16,204 |   |     |      |            — |   |
| Other                                           |     |      |        1,600 |   |     |      |        1,256 |   |
| Total Fixed assets                              |     |      |       23,463 |   |     |      |        6,371 |   |
| Less: Accumulated depreciation and amortization |     | $    |       (4,781 | ) |     | $    |       (3,752 | ) |
| Total Fixed assets, net                         |     | $    |       18,682 |   |     | $    |        2,619 |   |

Depreciation expense was $ 1.9 million, $ 1.8 million, and $ 1.0 million for the years ended December 31, 2024, 202