Derivatives and embedded derivatives (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

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
	March 31, 2026		December 31, 2025
Investments - embedded derivatives	$	161	$	899
Investments - derivatives	$	461	$	473
Accounts receivable, net - embedded derivatives	$	19,174	$	19,942

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
	March 31, 2026		December 31, 2025
Investments - embedded derivatives	$	1,414	$	1,153
Investments - derivatives	$	506	$	582
Accounts receivable, net - embedded derivatives	$	4,000	$	4,000

Schedule of Derivative Instruments, Gain (Loss)

Gains (losses) on derivatives and embedded derivatives included in Other income (expense), net in the unaudited Condensed Consolidated Statements of Operations are as follows (in thousands):


Table 9.3. Gains (losses) on Derivatives and Embedded Derivatives
	Three months ended March 31,
	2026		2025

Accounts receivable, net - embedded derivatives	$	(1,161)	$	(976)
Investments - derivatives and embedded derivatives	$	(417)	$	(5,340)

Circle Internet Group, Inc. 10-Q