Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 359

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 359
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(in thousands):

| Table 12.1. Other (expense) income, net                                                |     | 2025 | Three months ended 
           June 30, |   |     | 2024 |        |   |     | 2025 | Six months ended 
         June 30, |   |     | 2024 |        |   |
|:---------------------------------------------------------------------------------------|:----|:-----|-------------------:|:--|:----|:-----|-------:|:--|:----|:-----|-----------------:|:--|:----|:-----|-------:|:--|
| Gains (losses) on digital assets and other investments, net                            |     | $    |              5,233 |   |     | $    | (1,478 | ) |     | $    |           (3,030 | ) |     | $    |  2,888 |   |
| Interest income on corporate balances                                                  |     |      |              9,952 |   |     |      |  8,460 |   |     |      |           17,917 |   |     |      | 16,813 |   |
| Changes in fair value of convertible debt, warrant liability, and embedded derivatives |     |      |           (167,724 | ) |     |      | (4,586 | ) |     |      |         (170,106 | ) |     |      |  3,509 |   |
| Interest expense and amortization of discount                                          |     |      |               (344 | ) |     |      |   (504 | ) |     |      |             (679 | ) |     |      | (1,001 | ) |
| Other, net                                                                             |     |      |             (7,538 | ) |     |      |     29 |   |     |      |           (7,626 | ) |     |      |    269 |   |
| Total Other (expense) income, net                                                      |     | $    |           (160,421 | ) |     | $    |  1,921 |   |     | $    |         (163,524 | ) |     | $    | 22,478 |   |

| 13. | Income taxes |

For the three months ended June 30, 2025 and 2024, the Company recorded consolidated income tax benefit from