Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 308

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 308
---
 embedded derivatives are recognized in Other income (expense), net in the Consolidated Statements of Operations.

The
Company also enters into certain strategic investments in the form of forward contracts to purchase a specified quantity of digital assets. Certain of these contracts are accounted for as derivatives or investments with embedded derivatives within
Investmentson the Consolidated Balance Sheets. Changes in the fair value of the derivatives and embedded derivatives are recognized in Other income (expense), net in the Consolidated Statements of Operations.

Intangible assets, net

Intangible assets with definite lives are
amortized on a straight-line basis over their estimated useful lives. The Company’s finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable,
and intangibles are also evaluated periodically to determine their remaining useful lives.

Internally developed software

Internally developed software represents direct costs incurred to develop software for internal use and are capitalized and amortized over an estimated useful life of
two years. Unamortized internally developed software development costs are included in Intangible assets, neton the Consolidated Balance Sheets.

Acquired intangible assets

The Company reviews the carrying amount of its
long-lived assets, including intangible assets with finite lives, at least annually, or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Unamortized acquired intangible assets are
included in Intangible assets, neton the Consolidated Balance Sheets. Indefinite-lived acquired intangible assets are not amortized. As a result, these assets are tested for impairment through qualitative and quantitative assessments at
least annually in the fourth quarter and whenever events or circumstances occur indicating that indefinite-lived intangible assets might be impaired. We test our indefinite-lived intangible assets by comparing the fair values with the carrying
values and recognize a loss for the difference.

F-17

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 The useful life of the Company’s finite-lived acquired intangible assets is as follows:

| Acquired intangible assets |     | Useful life |               |
| Developed technology       |     |             | 2 ~ 6 years   |
| Customer relationships     |     |             | 2.5 ~ 4 years |
| Regulatory licenses        |     |             | 5 years       |
| Trade name                 |     |             | 1 ~ 8