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
$36.0M
Gross Profit
N/A
Operating Profit
$-21.7M
Net Profit
$-12.9M
Gross Margin
N/A
Operating Margin
-60.4%
Net Margin
-35.8%
YoY Growth
23.9%
Exodus Movement, Inc. Q1 FY2025 Financial Summary
Exodus Movement, Inc. reported revenue of $36.0M (up 23.9% YoY) for Q1 FY2025, with a net profit of $-12.9M (down 123.5% YoY) (-35.8% margin).
Key Financial Metrics
| Total Revenue | $36.0M |
|---|---|
| Net Profit | $-12.9M |
| Gross Margin | N/A |
| Operating Margin | -60.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Exodus Movement, Inc. Q1 FY2025 revenue of $36.0M breaks down across 7 segments, led by MH at $9.8M (27.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| MH | $9.8M | 27.2% |
| HK | $7.7M | 21.3% |
| VG | $7.4M | 20.6% |
| SC | $4.4M | 12.2% |
| Us And Non Us | $3.0M | 8.2% |
| Other | $2.6M | 7.4% |
| Fiat Onboarding | $1.1M | 3.2% |
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 MH and HK) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| MH | — | $6.2M | $7.8M | $9.8M |
| HK | — | $8.5M | $5.7M | $7.7M |
| VG | — | $4.0M | — | $7.4M |
| SC | — | — | $2.7M | $4.4M |
| Us And Non Us | — | $7.3M | $5.1M | $3.0M |
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 |