Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 340

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 340
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 |          — |   |     |                                            |  (706 | ) |     |                          |    (706 | ) |
| Net income                                                        |     |                                       |       — |     |        |         — |     |                     |      — |     |        | — |     |                     | — |     |        | — |     |               |     — |     |        | —      |   |     |                          |         — |     |                    |     32,923 |   |     |                                            |     — |   |     |                          |  32,923 |   |
| Balance at June 30, 2024                                          |     |                                       | 139,238 |     | $      | 1,131,260 |     |                     | 60,811 |     | $      | 6 |     |                     | — |     | $      | — |     |               | 4,960 |     | $      | (2,877 | ) |     | $                        | 1,756,662 |     | $                  | (1,297,111 | ) |     | $                                          | 4,179 |   |     | $                        | 460,859 |   |

The accompanying notes are an integral part of these condensed unaudited consolidated financial statements. F-6

CIRCLE INTERNET GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

| (in thousands)                                                                                                                                      
 Cash flows from operating activities                                                                                                                |     | Six Months Ended June 30, 
 2025                      |            |   |     | 2024 |            |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net income (loss)                                                                                                                                   |     | $                         |   (417,309 | ) |     | $    |     81,562 |   |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                                                  |     |                           |            |   |     |      |            |   |
| Depreciation and amortization expense                                                                                                               |     |                           |     28,089 |   |     |      |     24,225 |   |
| Accretion of premium on available-for-sale debt securities