CIRCLE8 GROUP INC

For the period ended Jun 30, 2026. Filed Aug 19, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 19, 2026

CIRC$0.18-13.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets

	June 30,2026	December 31,2025
(Unaudited)
Assets
Current assets
Cash and cash equivalents	$19,325,095	$81,134
Accounts receivable, net of allowance of $2,456,839 and $3,222,723	180,003,393	65,750,593
Contract assets	105,595,021	—
Unbilled accounts receivable	5,481,333	4,242,245
Due from related parties, current	628,809	—
Prepaid expenses and other current assets	11,723,299	3,123,447
Deposits, current	8,000,000	8,000,000
Total current assets	330,756,950	81,197,419
Non-current assets
Property and equipment, net	1,372,529	239,207
Operating leases right-of-use assets	4,770,213	2,933,582
Finance leases right-of-use assets, net	1,992,393	—
Goodwill	438,896,402	—
Intangible assets, net	186,027,460	26,602,223
Due from related parties	438,912	—
Other assets	1,359,666	2,257,405
Total non-current assets	634,857,575	32,032,417
Total assets	$965,614,525	$113,229,836
Liabilities, mezzanine equity and stockholders’ equity
Current liabilities
Accounts payable	$165,960,132	$5,110,155
Accrued expenses and other current liabilities	158,527,209	19,647,785
PEO liability and accrued interest	44,200,332	32,894,331
Due to related parties	116,890	—
Current operating lease liabilities	2,140,707	1,459,704
Current finance lease liabilities	669,078	—
Warrant liabilities, current	6,080,000	—
Line of credit, current portion	41,198,353	49,308,253
Notes payable, current portion	49,201,156	1,375,000
Notes payable, current portion – related parties	—	1,950,000
Convertible note payable – related parties	161,961,751	—
Factoring debt, current portion	202,127,079	3,205,506
Other short-term debt	2,463,482	—
Contingent consideration liability – related parties	7,950,000	—
Total current liabilities	842,596,169	114,950,734
Non-current liabilities
Notes payable, net of current portion	19,332,292	—
Notes payable, net of current portion - related parties	89,638,035	28,826,281
Warrant liabilities, non-current	1,526,672	—
Non-current operating lease liabilities	2,412,063	1,543,091
Non-current finance lease liabilities	1,377,870	—

Commitments and contingencies
Deferred tax liability	29,738,302	—
Other liabilities	953,163	—
Total non-current liabilities	144,978,397	30,369,372
Total liabilities	987,574,566	145,320,106
Mezzanine Equity
Series B convertible preferred stock, 5% cumulative dividends, 15,000 and 0 shares designated at June 30, 2026 and December 31, 2025, respectively; 8,950 and 240 shares issued and outstanding at June 30, 2026 and December 31, 2025 , respectively and 0 shares issued and outstanding at December 31, 2025, redemption amount of $554,764 and $0 as of June 30, 2026 and December 31, 2025, respectively	224,014	—
Redeemable noncontrolling interest	3,357,497	—
Stockholders’ equity/(deficit)
Common stock, $0.00001 par value; 300,000,000 shares authorized; 89,963,174 and 55,713,259 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	900	557
Additional paid-in capital	293,569,042	162,819,982
Accumulated deficit	(312,025,652)	(194,910,809)
Accumulated other comprehensive loss	(7,085,842)	—
Total stockholders’ equity/(deficit)	(25,541,552)	(32,090,270)
Total liabilities, mezzanine equity and stockholders’ equity	$965,614,525	$113,229,836

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.