Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 376

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 376
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   |     | $ |     (3,155 | ) |
| Non-cash consideration for business combinations                                      |                | $                       |          — |   |     | $ |          — |   |     | $ |   (141,618 | ) |
| 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 | ) |

The accompanying notes are an integral part of these consolidated financial statements. F-40

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

CIRCLE INTERNET GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Description of business

Overview of the Business

On July 1, 2024, Circle Internet Financial Limited (“Circle Ireland”) consummated an Irish High Court-approved scheme of
arrangement, pursuant to which issued ordinary shares and preferred shares in the capital of Circle Ireland were cancelled and, in connection with such cancellation, Circle Internet Group, Inc. (“Circle Group”), a Delaware corporation,
issued equivalent shares of capital stock (in number and class) to the then-shareholders of Circle Ireland. Upon consummation of the scheme of arrangement, Circle Ireland became a wholly-owned subsidiary of Circle Group. The historical basis of
accounting was retained as if the entities had always been combined for financial reporting purposes. The consolidated financial statements include the accounts of Circle Group and its subsidiaries (together, “Circle,” the
“Company,” “we,” “us,” or “our”).

Founded in 2013, Circle is a platform, network, and market infrastructure for
stablecoin and blockchain applications and the issuer of a U.S. dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively “Circle stablecoins”). Circle provides a stablecoin network and a range of
blockchain-specific software