Company: CRCL
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001193125-25-126208
Chunk: 340

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 340
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 the Company due to the fact that we are not the primary beneficiary as we do not have an obligation to absorb losses or a right to receive benefits that could potentially be significant to each fund. The Company’s maximum exposure to loss associated with each fund is limited to its insignificant investment and its obligations to perform services as the manager of each fund. The Company provides no guarantees and has no other financial obligations to each of the funds. 4. Leases The Company leases facilities under non-cancelableoperating leases. In addition to fixed monthly lease payments, the Company is required to pay operating expenses and real estate taxes for certain of these facilities. The components of lease cost were as follows (in thousands):

| Table 4.1. Lease Cost |     | Three months    
 ended March 31, | 2025 |     |   |  2024 |
|:----------------------|:----|:----------------|-----:|:----|:--|------:|
| Operating lease cost  |     | $               |  838 |     | $ | 1,118 |
| Short-term lease cost |     | $               |  167 |     | $ |   235 |

Supplemental balance sheet information related to leases is as follows (in thousands):

| Table 4.2. Details of Lease Right-of-use Assets and Liabilities |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:----------------------------------------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Operating lease right-of-use                                    
 assets                                                          |     | $ |    15,114 |     | $ |       15,493 |
| Operating lease liabilities - current                           |     | $ |     2,640 |     | $ |        2,637 |
| Operating lease liabilities - non-current                       |     |   |    12,948 |     |   |       13,074 |
| Total operating lease                                           
 liabilities                                                     |     | $ |    15,588 |     | $ |       15,711 |

Operating lease liabilities are included in Other current liabilitiesand Other non-currentliabilitieson the unaudited Condensed Consolidated Balance Sheets, while operating lease right-of-useassets are included in Other non-currentassets on the unaudited Condensed Consolidated Balance Sheets. F-13

Weighted-average lease terms and discount rates are as follows