Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 391

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 391
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 assets: |     |          |         |     |              |         |   |     |             |         |     |            |     |
| Acquired intangible assets          |     |          | 266,354 |     |              | —       |   |     |             | 266,354 |     |            |     |
| Total intangible assets, net        |     | $        | 391,442 |     | $            | (64,061 | ) |     | $           | 327,381 |     |            |     |

Total amortization expense of intangible assets was $49.0 million, $33.1 million and $12.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense on internally developed software was $42.0 million, $24.9 million and $8.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense on the acquired intangible assets was $7.0 million, $8.3 million and $3.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The expected future amortization expense for amortizing intangible assets is as follows (in thousands):

| Table 6.2. Future Amortization Expense of Intangible Assets 
 Years ending December 31,                                   |     |   |        |
|:------------------------------------------------------------|:----|:--|-------:|
| 2025                                                        |     | $ | 41,219 |
| 2026                                                        |     |   | 16,987 |
| 2027                                                        |     |   |  2,919 |
| 2028                                                        |     |   |  1,774 |
| 2029                                                        |     |   |    384 |
| Thereafter                                                  |     |   |  1,707 |
| Total amortization expense                                  |     | $ | 64,990 |

F-59

7. Fixed assets, net The following table presents our major categories of Fixed assets, net (in thousands):

| Table 7.1. Details of Fixed assets, net         |     | 2024 | December 31, |   |     | 2023 | December 31, |   |
|:------------------------------------------------|:----|:-----|-------------