Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 353

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 353
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. The derivatives and bifurcated embedded derivatives are marked to market through Other (expense) income, netin the unaudited Condensed Consolidated Statements of Operations. Embedded derivatives are presented together with the respective host contract on the unaudited Condensed Consolidated Balance Sheets. The fair value of the Company’s derivatives and embedded derivatives are as follows (in thousands):

| Table 9.1. Fair Value of Derivative and Embedded Derivative Assets and Liabilities |     |   | June 30, 
     2025 |     |   | December 31, 
         2024 |
|:-----------------------------------------------------------------------------------|:----|:--|---------:|:----|:--|-------------:|
| Investments – embedded derivatives                                                 |     | $ |    3,559 |     | $ |        8,982 |
| Investments – derivatives                                                          |     | $ |      164 |     | $ |          350 |

The following table summarizes notional amounts related to derivatives and embedded derivatives (in thousands):

| Table 9.2. Notional Amounts of Derivative and Embedded Derivative Assets and Liabilities |     |   | June 30, 
     2025 |     |   | December 31, 
         2024 |
|:-----------------------------------------------------------------------------------------|:----|:--|---------:|:----|:--|-------------:|
| Investments – embedded derivatives                                                       |     | $ |    1,223 |     | $ |          791 |
| Investments – derivatives                                                                |     | $ |      353 |     | $ |          384 |

Gains (losses) on derivatives and embedded derivatives are as follows (in thousands):

| Table 9.3. Gains (losses) on Derivatives and Embedded Derivatives        |     | Three months ended 
 June 30,           
 2025               |       |   |     | 2024 |        |   |     | Six months ended 
 June 30,         
 2025             |        |   |     | 2024 |       |
|:-------------------------------------------------------------------------|:----|:-------------------|------:|:--|:----|:-----|:-------|:--|:----|:-----------------|:-------|:--|:----|:-----|------:|
| Obligation to return digital asset collateral - embedded derivatives (1) |     | $                  |     — |   |