Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 347

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 347
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| Table 13. Other income (expense), net                                                  |     | Year ended December 31, |   2024 |   |     |   |   2023 |   |     |   |     2022 |   |
|:---------------------------------------------------------------------------------------|:----|:------------------------|-------:|:--|:----|:--|-------:|:--|:----|:--|---------:|:--|
| Interest income on corporate balances                                                  |     | $                       | 34,712 |   |     | $ | 29,262 |   |     | $ |    8,645 |   |
| Changes in fair value of convertible debt, warrant liability, and embedded derivatives |     |                         | 11,653 |   |     |   | 24,865 |   |     |   | (698,936 | ) |
| Gains (losses) on digital assets and other investments, net                            |     |                         |  8,560 |   |     |   | (3,648 | ) |     |   |  (29,367 | ) |
| Interest expense and amortization of discount                                          |     |                         | (1,906 | ) |     |   | (1,912 | ) |     |   |   (2,684 | ) |
| Other, net                                                                             |     |                         |  1,397 |   |     |   |    854 |   |     |   |    1,949 |   |
| Total Other income                                                                     
 (expense), net                                                                         |     | $                       | 54,416 |   |     | $ | 49,421 |   |     | $ | (720,393 | ) |

14. Income taxes The Company’s net income (loss) from continuing operations before provision for income taxes for the years ended December 31, 2024, 2023 and 2022 consists of the following (in thousands):

| Table 14.1. Net Income (loss) before Income Taxes         |     | Year ended December 31, |    2024 |   |     |   |    2023 |   |     |   |     2022 |   |
|:----------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|---------:|:--|
|