Circle Internet Group, Inc.CRCL

Circle Internet Group, Inc. Leases Disclosure

10-KFiled Mar 9, 20261 min read
4. Leases
The Company leases facilities under non-cancelable operating 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):
Supplemental balance sheet information related to leases is as follows (in thousands):
Table 4.2. Details of Lease Right-of-use Assets and Liabilities
December 31, 2025December 31, 2024
Operating lease right-of-use assets
$14,127 $15,493 
Operating lease liabilities - current2,686 2,637 
Operating lease liabilities - non-current11,978 13,074 
Total operating lease liabilities$14,664 $15,711 
Operating lease liabilities are included in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets, while operating lease right-of-use assets are included in Other non-current assets on the Consolidated Balance Sheets.
Weighted-average lease terms and discount rates are as follows:
Table 4.3. Weighted-average Lease Terms and Discount Rates
December 31, 2025December 31, 2024
Weighted-average remaining lease term
7.4 years8.3 years
Weighted-average discount rates13.4 %12.8 %
Maturities of lease liabilities under operating leases are as follows (in thousands):
Table 4.4. Maturities of Lease Liabilities
Years ending December 31,
2026$3,111 
20273,164 
20282,788 
20293,058 
20303,119 
Thereafter8,825 
Total lease payments24,065 
Less: imputed interest
9,401 
Total lease liabilities$14,664 

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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