Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 149

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 149
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.9% in the year ended December 31, 2023, compared to the year ended December 31, 2022, primarily driven by a $714.7 million decrease as a combined result of the conversion of certain convertible notes to Series E preferred shares in March 2022 and decreased expense attributable to mark-to-marketadjustments on remaining outstanding convertible debt, a $20.6 million increase in interest income on corporate cash and cash equivalents, a $16.6 million decrease in realized losses recognized from the sale of available-for-sale debt securities and an $11.1 million decrease in the impairment losses related to specific strategic equity investments. Income tax expense. Income tax expense by $ million for the year ended December 31, 2024, compared to the year ended December 31, 2023, . Income tax expense increased by $44.1 million for the year ended December 31, 2023, compared to the year ended December 31, 2022, primarily due to a significant increase in reserve income and the full utilization for federal net operating loss carryforwards, leading to a consolidated pre-taxincome for the year ended December 31, 2023 compared to a pre-taxloss for the year ended December 31, 2022. Changes in financial position The following table sets forth a summary of selected line items from our consolidated balance sheets for the years indicated, and the changes between periods. These selected line items have been prepared on the same basis as our consolidated financial statements included elsewhere in this prospectus. In the opinion of management, the financial information set forth in the table below reflects all normal recurring adjustments necessary for the fair statement of changes in the selected line items for these periods. The following selected line items should be read together with our consolidated financial statements and related notes, included elsewhere in this prospectus.

|                           |     | December 31, 
 2024         |     | December 31,                      
 2023                              |         |     | December 31, 
 2022         |         |     | 2024 compared 
 to 2023       
 $ Change      |     | % Change |   |     | 2023 compared 
 to 2022       
 $ Change      |          |   |     | % Change |         |
|:--------------------------|:----|:-------------|:----|:----------------------------------|--------:|:----|:-------------|--------:|:----|:--------------|:----|:---------|:--