Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 380

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 380
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 facilities under non-cancelableoperating leases. In addition to fixed monthly lease payments, the Company is required to pay operating expenses and real estate taxes for certain of these facilities. In January 2024, the Company commenced a lease for corporate office space with a lease term of approximately 10 years. The components of lease cost were as follows (in thousands):

| Table 5.1. Lease Cost |     | Year ended December 31, |  2024 |     |   |  2023 |     |   |  2022 |
|:----------------------|:----|:------------------------|------:|:----|:--|------:|:----|:--|------:|
| Operating lease cost  |     | $                       | 4,406 |     | $ | 1,813 |     | $ | 1,824 |
| Short-term lease cost |     | $                       |   895 |     | $ |   180 |     | $ |   916 |

Supplemental balance sheet information related to leases is as follows (in thousands):

| Table 5.2. Details of Lease Right-of-use Assets and Liabilities |     |   | December 31, 2024 |     |   | December 31, 2023 |
|:----------------------------------------------------------------|:----|:--|------------------:|:----|:--|------------------:|
| Operating lease right-of-use                                    
 assets                                                          |     | $ |            15,493 |     | $ |             1,624 |
| Operating lease liabilities - current                           |     |   |             2,637 |     |   |             1,647 |
| Operating lease liabilities - non-current                       |     |   |            13,074 |     |   |               132 |
| Total operating lease liabilities                               |     | $ |            15,711 |     | $ |             1,779 |

Operating lease liabilities are included in Other current liabilities and Other non-currentliabilitieson the Consolidated Balance Sheets, while operating lease right-of-useassets are included in Other non-currentassetson the Consolidated Balance Sheets. Weighted-average lease terms and discount rates are as follows:

| Table 5.3. Weighted-average Lease Terms and Discount Rates |     | December 31, 2024 |           |     | December 31, 2023 |           |
|:-----------------------------------------------------------|:----|:------------------