Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 169

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 169
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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 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 in connection with the termination of our merger agreement. |

| (4) | Reflects one-time restructuring expenses incurred in connection with our change in domicile from the Republic 
 of Ireland to the State of Delaware.                                                                          |

| (5) | Reflects one-time legal and professional services costs related to the Hashnote acquisition in 2024 and the 
 first quarter of 2025 and the Billeto and Cybavo acquisitions in 2022.                                      |

Liquidity and capital resources We measure liquidity in terms of our ability to fund the cash requirements of our business operations, including our working capital and capital expenditure needs and other commitments. Our recurring working capital requirements relate mainly to our cash operating costs. Our capital expenditure requirements consist mainly of software development related to our product development and are primarily dependent on the expansion of our products as well as salaries and wages of employees associated with software development projects. As of June 30, 2025, we had total liquidity sources of $1.7 billion, which consisted of $1.1 billion in cash and cash equivalents and $588.3 million in cash and cash equivalents segregated for corporate-held stablecoins. We believe our operating cash flows, together with our total liquidity sources on hand, will be sufficient to meet our working capital and capital expenditure requirements for a period of at least 12 months from the date of this prospectus. We expect our capital expenditures and working capital requirements to continue to increase in the immediate future as we continue to invest in the expansion of our products and services. Operating payments made in the form of corporate-held stablecoins are utilized and presented in the consolidated statement of cash 105

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO