Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 156

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 156
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 |     |      | (21,521 | ) |     |      |        — |   |
| Foreign currency exchange loss                                                               |     |                         |     |      |     956 |   |     |      |      903 |   |
| Adjusted EBITDA                                                                              |     | $                       |     | $    | 395,230 |   |     | $    |   93,930 |   |

| (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 the litigation expenses related to Poloniex. Refer to Note 23 to our 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. |

105

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

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

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 blockchain payments infrastructure 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 December 31, 2024, we had total liquidity sources of $ million, which consisted of $ million in cash and cash equivalents, $ million in cash and cash equivalents segregated for corporate-held stablecoins, and $ million in marketable available-for-saledebt securities. We believe our operating cash flows, together with our cash on hand and potential cash proceeds from the sale of available-for-saledebt securities, 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. Cash and cash equivalents segregated for the benefit of stablecoin holders was $