Exodus Movement, Inc.EXODEarnings & Financial Report
Exodus is a cryptocurrency wallet available on desktop and mobile platforms. It was founded in 2015 by JP Richardson and Daniel Castagnoli. Exodus wallet supports digital assets including Bitcoin, Ethereum, and Solana. It is available on Windows, macOS, Linux, iOS, Android, and as a browser extension.
Revenue
$22.3M
Gross Profit
$11.5M
Operating Profit
$-14.7M
Net Profit
$-9.6M
Gross Margin
51.7%
Operating Margin
-66.1%
Net Margin
-43.1%
YoY Growth
N/A
Exodus Movement, Inc. Q2 FY2024 Financial Summary
Exodus Movement, Inc. reported revenue of $22.3M for Q2 FY2024, with a net profit of $-9.6M (-43.1% margin). Cost of goods sold was $10.8M, operating expenses totaled $26.3M.
Key Financial Metrics
| Total Revenue | $22.3M |
|---|---|
| Net Profit | $-9.6M |
| Gross Margin | 51.7% |
| Operating Margin | -66.1% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Exodus Movement, Inc. Q2 FY2024 revenue of $22.3M breaks down across 2 segments, led by Exchange Aggregation at $19.9M (89.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Exchange Aggregation | $19.9M | 89.4% |
| Other | $2.4M | 10.6% |
Exodus Movement, Inc. Revenue by Segment — Quarterly Trend
Exodus Movement, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Exchange Aggregation and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Exchange Aggregation | $26.6M | — | — | — |
| Other | $2.8M | $1.2M | $3.5M | $2.6M |
Exodus Movement, Inc. Annual Revenue by Year
Exodus Movement, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $121.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $121.6M |
| 2024 | $116.3M |
Exodus Movement, Inc. Quarterly Revenue & Net Profit History
Exodus Movement, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $29.4M | -34.4% | $-53.2M | -181.0% |
| Q3 FY2025 | $30.3M | +50.8% | $17.0M | 56.2% |
| Q2 FY2025 | $25.8M | +15.8% | $37.7M | 145.8% |
| Q1 FY2025 | $36.0M | +23.9% | $-12.9M | -35.8% |
| Q4 FY2024 | $44.8M | — | $66.9M | 149.4% |
| Q3 FY2024 | $20.1M | — | $843.0K | 4.2% |
| Q2 FY2024 | $22.3M | — | $-9.6M | -43.1% |
| Q1 FY2024 | $29.1M | — | $54.8M | 188.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.1M | $22.3M | $20.1M | $44.8M | $36.0M | $25.8M | $30.3M | $29.4M |
| YoY Growth | N/A | N/A | N/A | N/A | 23.9% | 15.8% | 50.8% | -34.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $225.4M | $211.6M | $211.6M | $288.0M | $263.2M | $313.7M | $338.5M | $266.8M |
| Liabilities | $26.3M | $20.8M | $20.5M | $30.5M | $21.7M | $36.6M | $41.7M | $19.4M |
| Equity | $199.1M | $190.8M | $191.2M | $257.5M | $241.5M | $277.1M | $296.7M | $247.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $450000 | $-2.4M | $-4.9M | $-12.0M | $-6.2M | $-5.3M | $-4.8M | $-25.6M |