Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 416

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 416
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The following table presents our major categories of Other income (expense), net(in thousands):

**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 |   |
|:----------------------------------------------------------|:----|:------------------------|--------:|:--|:----|