Accretion of premium on available-for-sale debt securities
-
0
0
0
Realized and unrealized losses (gains) on digital assets
-9,796
20,225
5,187
-7,189
Change in fair value of convertible debt, warrant liability, and embedded derivatives
-4,136
42,472
56,212
-170,106
Digital assets received for services
-7,234
-14,872
-4,279
-9,416
Equity securities received for services
29
15
-539
3,826
Deferred taxes
651
321
3,277
-5,751
Realized and unrealized losses (gains) on strategic investments
5,364
3,461
-1,751
-1,416
Losses on sale of long-lived assets
0
-22
-
-
Stock-based compensation
51,836
59,414
59,081
447,682
Charitable contributions to circle foundation
-7,737
-23,149
-
-
Foreign currency remeasurement (gains) losses
5,394
236
737
-8,763
Provision for warrants in common stock
4,659
9,796
8,231
5,565
Other non-cash items
2,572
1,435
1,195
2,306
Accounts receivable
12,602
20,154
10,590
8,635
Prepaid expenses and other current assets
4,645
1,332
103,066
42,104
Accounts payable and accrued expenses
-101,447
94,187
-136,931
123,981
Other current liabilities
-5,609
4,596
-5,141
-4,340
Net cash provided by operating activities
21,076
249,095
-10,682
303,716
Purchase of available-for-sale debt securities
-
0
0
0
Sale and maturities of available-for-sale securities
-
0
0
0
Cash acquired from acquisition of equity method affiliate
-
0
-
-
Sale and return of investments
556
541
691
194
Purchase of investments
10,785
1,596
1,325
6,370
Business combinations, net of cash acquired
0
0
0
7,734
Proceeds from sale of digital assets
0
117
0
79
Capitalization of software development costs
15,603
15,696
15,646
24,858
Purchase of long-lived assets
9,356
951
4,062
7,419
Net cash used in investing activities
-35,188
-17,585
-20,342
-46,108
Net changes in deposits held for stablecoin holders
1,856,322
1,641,046
12,159,221
17,339,497
Purchase of treasury stock
-
0
-
-
Proceeds from issuance of common stock in connection with initial public offering and follow-on public offering, net of underwriting discounts and commissions and offering costs
-
-546
441,085
572,558
Payment of withholding taxes on settlement of restricted stock units
80,151
55,850
92,088
121,794
Proceeds received from employee stock purchase plan
1,045
-
-
-
Capital contribution from noncontrolling interest
-
1,472
-
-
Payment of deferred offering costs
365
-
-
-
Capitalized transaction costs
0
0
0
0
Proceeds from exercise of stock options
14,412
35,448
9,511
6,800
Net cash provided by financing activities
1,791,263
1,621,570
12,517,729
17,797,061
Effect of exchange rate changes on cash and cash equivalents, restricted and segregated cash
9,523
4,544
-116
53,247
Unrealized gains (losses) on available-for-sale debt securities classified as cash equivalents, net of tax
-
0
0
0
Net increase in cash and cash equivalents, restricted and segregated cash
1,786,674
1,857,624
12,486,589
18,107,916
Cash and cash equivalents, restricted and segregated cash at the beginning of the period
77,419,733
63,075,520
63,075,520
44,967,604
Cash and cash equivalents, restricted and segregated cash at the end of the period
79,206,407
77,419,733
75,562,109
63,075,520
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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