Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 38

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 38
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2024 |         |   |     | Year ended December 31, 
 2024                    |         |   |     | 2023          |         |   |     | 2022 |         |
|:--------------------------------------------------------------------------------------|:----|:--------------------------|--------:|:----|:-----|--------:|:--|:----|:------------------------|--------:|:--|:----|:--------------|--------:|:--|:----|:-----|--------:|
|                                                                                       |     |                           |         |     |      |         |   |     |                         |         |   |     | -in thousands |         |   |     |      |         |
| Change in fair value of convertible debt, warrant liability, and embedded derivatives |     |                           | 170,106 |     |      |  (3,509 | ) |     |                         | (11,653 | ) |     |               | (24,865 | ) |     |      | 698,936 |
| (Gains) losses on sale of long-lived assets                                           |     |                           |      16 |     |      |      57 |   |     |                         |      73 |   |     |               | (21,521 | ) |     |      |       — |
| Foreign currency exchange loss                                                        |     |                           |   8,605 |     |      |     342 |   |     |                         |     368 |   |     |               |     956 |   |     |      |     903 |
| Adjusted EBITDA                                                                       |     | $                         | 248,270 |     | $    | 158,861 |   |     | $                       | 284,871 |   |     | $             | 395,230 |   |     | $    |  96,276 |

| (1) | Reflects interest income from corporate cash and cash and cash equivalents balances. For the avoidance of 
 doubt, this amount does not include the impact of reserve income.                                         |

| (2) | Reflects litigation expenses related to the FT Partners litigation and settlement expenses related to legacy                                                                                                                       
 businesses. Refer to Note 23 to our audited consolidated financial statements and Note 22 to our unaudited condensed consolidated financial statements included elsewhere in this prospectus for a summary of these legal matters. |

| (3) | Reflects one-time termination expenses incurred