Summary of Exodus Movement (EXOD) FY Conference Call Company Overview - **Company**: Exodus Movement (EXOD) - **Industry**: Cryptocurrency and Digital Assets - **Core Product**: Leading crypto wallet provider that allows users to secure, manage, and exchange cryptocurrencies with a focus on self-custody and user experience [2][3] Key Points and Arguments Company History and Strategy - **Founding**: Established in late 2014 by two founders with backgrounds in software development and creative design, motivated by distrust in centralized institutions and the need for self-custody solutions [6][7] - **User Experience Focus**: Emphasis on creating a user-friendly interface and exceptional customer service, aiming to consolidate multiple wallets into one multi-chain wallet [8][9] - **Monetization Strategy**: Initially monetized through partnerships with exchanges for transaction swaps, leading to significant volume and user engagement [9][10] Recent Performance - **Q2 Revenue**: Reported approximately $26 million in revenue, showing year-over-year growth [18] - **Treasury Growth**: Current treasury valued at around $315 million, consisting of cash and cryptocurrencies (Bitcoin, Ethereum, Solana) with no debt [18] - **User Base**: Active user count reached approximately 1.7 million as of July, with a user base that is roughly two-thirds international [14][15] Partnerships and Collaborations - **MetaMask Partnership**: Collaborating with MetaMask to enhance cross-chain capabilities, allowing users to swap assets seamlessly across different chains [25][28] - **Other Partnerships**: Working with major players like Ledger (hardware wallet) and Magic Eden (NFT exchange) to expand service offerings [30][31] Technological Innovations - **Wallet Technology**: Development of passkeys and multi-chain wallet creation technology aimed at improving user experience and reducing friction in transactions [12][13] - **Future Developments**: Plans to support a wide range of stablecoins and facilitate seamless transactions between different digital assets without users needing to know the underlying tokens [34][38] Market Position and Growth Strategy - **Market Presence**: Positioned as a unique player in the crypto wallet space, being one of the few publicly traded companies focused on infrastructure rather than mining [3] - **User Acquisition Strategy**: Increased marketing efforts in Q2, including participation in major events like Bitcoin Las Vegas, to boost user engagement and brand visibility [50][51] - **Future Opportunities**: Exploring ways to further monetize the user base and enhance wallet functionality while evaluating new partnerships and technological advancements [48][65] Additional Important Insights - **Tokenization of Equity**: Exodus has tokenized its equity, allowing users to buy shares using stablecoins, which could lead to innovative financial products and services [58][60] - **Bitcoin Acquisition Strategy**: The company pays salaries in Bitcoin and receives a significant portion of its revenue in Bitcoin, contributing to a growing Bitcoin treasury [62][64] - **Global Reach**: The wallet supports transactions across 40 different networks, providing extensive coverage for users worldwide [67] Conclusion Exodus Movement is positioned as a leading player in the cryptocurrency wallet industry, focusing on user experience, innovative technology, and strategic partnerships to drive growth and expand its market presence. The company is actively exploring new monetization strategies and technological advancements to enhance its offerings and user engagement in the rapidly evolving digital asset landscape [74][76]

Summary of Exodus Movement (EXOD) Conference Call - August 12, 2025 Industry Overview - The conference focused on the cryptocurrency industry, featuring discussions from leaders of major companies including Mara Holdings, Exodus Movement, and Coincheck Group NV [1][2]. Key Companies and Their Insights Mara Holdings - **Company Overview**: Largest publicly traded bitcoin miner, established in 2017, raised approximately $6 billion in capital [3][4]. - **Bitcoin Holdings**: Holds over 50,000 bitcoins, with more than half self-mined [4]. - **Operational Focus**: Converts underutilized energy into computing power for bitcoin mining, operates 16 data centers across four continents [5]. - **Recent Investment**: Acquired majority control of French company Xion, focusing on low carbon energy and AI opportunities in Europe and the Middle East [6]. Exodus Movement - **Company Overview**: Only publicly traded self-custodial digital asset wallet, operational for ten years, supports over 40 blockchain networks [7][8]. - **Unique Offerings**: Introduced a common stock token and partnerships with major industry players like Ledger and MetaMask [8][9]. - **Revenue Model**: Generates revenue in bitcoin and requires employees to accept salaries in bitcoin, holding over 2,000 bitcoins in treasury [74]. Coincheck Group NV - **Company Overview**: Headquartered in the Netherlands, operates one of Japan's largest crypto exchanges [11][12]. - **Recent Partnership**: Collaborated with Makari, integrating Coincheck API into their super app, which has 23 million daily active users [12][13]. - **Strategic Vision**: Aims to be a global crypto service financial holding company, focusing on acquisitions and global opportunities [14]. Core Perspectives on Digital Assets - **Regulatory Landscape**: All speakers emphasized the inevitability of global regulation in the crypto space, with a shift towards traditional financial integration [17][20]. - **Tokenization**: The belief that everything will eventually be tokenized, extending beyond finance to areas like identity and property [27][34]. - **Market Dynamics**: Discussion on the proliferation of stablecoins and the potential for a universal currency model, with the U.S. dollar remaining dominant [25][36]. Investment Strategies and Market Trends - **Bitcoin as an Asset**: Mara Holdings views bitcoin as a long-term hold, similar to gold mining, with expectations of continued appreciation despite volatility [63][70]. - **Corporate Treasury Strategies**: Increasing interest from companies like Tesla and Apple in holding bitcoin as part of their treasury strategies [76][80]. - **Market Disruption**: Predictions of significant disruption in traditional financial markets due to the rise of crypto, with potential declines in national stock exchanges [43][44]. Additional Insights - **Quantum Computing Risks**: Concerns about the future impact of quantum computing on bitcoin security, with discussions on the need for quantum-resistant technologies [81][86]. - **Self-Custody vs. Custodial Services**: Ongoing debate about the advantages and challenges of self-custody in crypto, particularly among older generations [108][111]. - **Competitive Landscape**: The crypto ecosystem is highly competitive, with varying fee structures and user experiences across platforms [94][99]. Conclusion - The conference highlighted the rapid evolution of the cryptocurrency industry, the importance of regulatory clarity, and the potential for significant market disruption as digital assets become more integrated into traditional finance. The insights from key industry players underscore the ongoing transformation and the need for adaptability in investment strategies.

Financial Data and Key Metrics Changes - The company reported revenue of $26 million for Q2 2025, representing a 16% year-over-year growth driven by increased product adoption [4][17] - Total swap volume for the quarter reached $1.38 billion, supported by renewed market activity [17] - Monthly active users declined by 6% sequentially, remaining unchanged from the previous year [22] Business Line Data and Key Metrics Changes - Exchange aggregation accounted for 91% of total revenue, with ExoSwap contributing 10% of revenue and 15% of quarterly volume [17] - ExoPay, launched in May, allows customers to buy crypto directly within the Exodus mobile wallet, supporting major cryptocurrencies [7][8] Market Data and Key Metrics Changes - Bitcoin prices increased by 30%, Ethereum by 36%, and Solana by 24% during the quarter, contributing to business momentum [9] - The adoption of stablecoins is accelerating globally, with over $250 billion issued and a forecast of $1.5 trillion by 2030 [13] Company Strategy and Development Direction - The company aims to bridge today's financial needs with future digital sovereignty, focusing on scaling wallet adoption and expanding access to both dollars and Bitcoin [26] - Partnerships, such as the recent integration with MetaMask, are seen as key to driving growth and enhancing user experience [6][28] Management's Comments on Operating Environment and Future Outlook - The regulatory environment in the U.S. has improved, with the passage of the Genius Act, which provides clearer definitions for digital assets [10] - Management expressed optimism about future growth, emphasizing the importance of innovation and seamless user experiences [16][26] Other Important Information - The company held $291 million in digital and liquid assets as of June 30, maintaining a debt-free position and increasing Bitcoin holdings to 2,058 [25] - Marketing and event spending reached $7.3 million, driven by sponsorships and increased advertising [19] Q&A Session Summary Question: Can you discuss the benefits and opportunities of the MetaMask deal? - The partnership allows Exodus to provide technology to MetaMask's millions of customers, enhancing their user experience with cross-chain swaps [30][32] Question: What are the economics behind the MetaMask deal? - Specific details cannot be disclosed, but the deal is expected to be significant given MetaMask's size and unique position in the market [34][36] Question: Can you elaborate on the mix shelf filed in May? - The mix shelf is intended to keep options open for future capital needs, allowing for a more deliberate approach to potential opportunities [42][44] Question: What is the strategy for customer acquisition and wallet growth? - Short-term growth will focus on partnerships, while long-term strategies will enhance existing products and attract new customers [69][70] Question: How will ExoSwap integrate with the MetaMask app? - The integration will likely provide a seamless experience for users to swap assets, similar to existing functionalities in other wallets [72][73]

Company Overview - Exodus' exchange volume since 2017 is approximately $23 billion[11] - The company's last twelve months (LTM) revenue is $127 million[11] - Exodus has $291 million in digital and liquid assets as of June 30, 2025[11] - As of June 30, 2025, Exodus has 17 million funded users[11] Financial Performance - In the first half of 2025, revenue reached $62 million, a 20% increase compared to $51 million in the first half of 2024[63] - Exchange volume in Q2 2025 was $138 billion, exceeding Q2 2024's $105 billion[97] - Partnerships contributed to 15% of the exchange volume in Q2 2025[97] - As of June 30, 2025, Exodus holds 2,058 BTC in its treasury[97] Revenue Composition - As of June 30, 2025, 87% of revenue comes from Exodus users, while 13% comes from partnerships[57] - In fiscal year 2024, 33% of revenue came from other digital assets, 31% from BTC, 23% from stablecoins, and 12% from ETH[60]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2025, highlighting a significant increase in total assets and a turnaround to net income driven by digital asset appreciation [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Cash and cash equivalents | $52,933 | $37,883 | $15,050 | | Digital assets | $233,190 | $196,359 | $36,831 | | **Total Assets** | **$313,706** | **$287,995** | **$25,711** | | **Liabilities & Equity** | | | | | Total current liabilities | $11,151 | $8,345 | $2,806 | | Total liabilities | $36,586 | $30,468 | $6,118 | | Total stockholders' equity | $277,120 | $257,527 | $19,593 | - Total assets grew by **$25.7 million**, primarily driven by a **$36.8 million** increase in the fair value of digital assets held by the company[17](index=17&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)) Statement of Operations Summary (in thousands, except EPS) | Metric | Q2 2025 | Q2 2024 | YoY Change | Six Months 2025 | Six Months 2024 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenues** | **$25,827** | **$22,308** | **+16%** | **$61,823** | **$51,368** | **+20%** | | (Gain) loss on digital assets, net | ($52,500) | $17,232 | Favorable | ($23,691) | ($39,567) | Unfavorable | | Technology, development and user support | $14,730 | $10,767 | +37% | $29,623 | $21,471 | +38% | | General and administrative | $18,817 | $9,054 | +108% | $33,135 | $17,109 | +94% | | **Net Income (Loss)** | **$37,667** | **($9,606)** | **Favorable** | **$24,794** | **$45,181** | **-45%** | | Diluted EPS - Class A | $1.12 | ($0.37) | Favorable | $0.78 | $1.42 | -45% | - The company achieved a net income of **$37.7 million** in Q2 2025, a significant improvement from a **$9.6 million** loss in Q2 2024, primarily due to a **$52.5 million** gain on digital assets, though six-month net income decreased by **45%** YoY due to a smaller gain on digital assets compared to the prior year period[20](index=20&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Net cash used in operating activities | ($11,433) | ($1,916) | ($9,517) | | Net cash provided by investing activities | $36,331 | $19,536 | $16,795 | | Net cash used in financing activities | ($9,848) | ($1,227) | ($8,621) | | **Change in cash and cash equivalents** | **$15,050** | **$16,393** | **($1,343)** | - For the first six months of 2025, cash used in operating activities increased significantly to **$11.4 million**, while investing activities provided **$36.3 million** in cash, largely from treasury bill redemptions, and financing activities used **$9.8 million** primarily for share repurchases[24](index=24&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed information on accounting policies, revenue concentration, digital asset holdings, stock-based compensation, and legal contingencies, including a proposed **$2.47 million** OFAC settlement - For the six months ended June 30, 2025, five API providers (Companies A, B, C, D, and E) each accounted for over **10%** of total revenues, indicating a concentration of revenue sources[31](index=31&type=chunk) Digital Asset Holdings (as of June 30, 2025, in thousands) | Digital Asset | Units | Cost Basis | Fair Value | | :--- | :--- | :--- | :--- | | Bitcoin | 2,058 | $87,826 | $220,510 | | Ethereum | 2,729 | $5,162 | $6,790 | | Other | 4,785,240 | $9,081 | $5,890 | | **Total** | | **$102,069** | **$233,190** | - The company reached a proposed settlement with OFAC, agreeing to pay a civil monetary penalty of **$2,473,360** and invest an additional **$630,000** in sanctions compliance controls, with a liability for the penalty recognized[65](index=65&type=chunk) - In June 2025, the company sold its right to receive a portion of future Magic Eden tokens, recognizing a gain of **$2.0 million**[44](index=44&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, highlighting a **20%** year-over-year revenue increase for the first six months of 2025, driven by exchange aggregation services and business-to-business partnerships, alongside significant operating expense increases and profitability influenced by digital asset market fluctuations [Results of Operations](index=23&type=section&id=Results%20of%20Operations) - Revenue for the six months ended June 30, 2025, increased by **$10.5 million (20%)** compared to the same period in 2024, primarily driven by a **23%** increase in exchange aggregation revenue from business-to-business partner efforts[90](index=90&type=chunk) - Technology, development, and user support expenses increased by **38%** for the first six months of 2025, mainly due to a **$5.8 million** rise in partner fee expenses correlated with revenue growth from partnerships[93](index=93&type=chunk) - General and administrative expenses grew by **94%** for the first six months of 2025, driven by increased spending on marketing (**$4.5M**), meetings and travel (**$4.5M**), and legal/consulting (**$5.8M**)[96](index=96&type=chunk) - The company recognized a net gain on digital assets of **$23.7 million** for the first six months of 2025, compared to a net gain of **$39.6 million** in the prior year period, with the Q2 2025 gain at **$52.5 million** contrasting a **$17.2 million** loss in Q2 2024[97](index=97&type=chunk)[98](index=98&type=chunk) [Key Performance Indicators](index=21&type=section&id=Key%20Performance%20Indicators) User Metrics as of June 30 | Metric | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Monthly Active Users (MAUs) | 1.5 million | 1.5 million | 0% | | Quarterly Funded Users (QFUs) | 1.7 million | 1.5 million | +13% | - While Monthly Active Users (MAUs) remained flat year-over-year, Quarterly Funded Users (QFUs), which management considers a more stable cohort, grew by approximately **200,000** or **13%**[87](index=87&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) - The company believes its existing cash, digital assets, and cash generated from operations will be sufficient to fund operations for the next twelve months[100](index=100&type=chunk) Liquid Asset Holdings (in thousands) | Asset Type | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $52,933 | $37,883 | | USDC | $158 | $12 | | Treasury bills | $4,961 | $30,490 | | **Total liquid assets** | **$58,052** | **$68,385** | Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($11,433) | ($1,916) | | Net cash provided by investing activities | $36,331 | $19,536 | | Net cash used in financing activities | ($9,848) | ($1,227) | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are related to the price volatility of its digital asset holdings, interest rate fluctuations, and foreign currency risk, with a hypothetical **10%** change in digital asset prices impacting fair value by **$23.3 million** - A hypothetical **10%** increase or decrease in the price of digital assets held as of June 30, 2025, would result in a change to their fair value of **$23.3 million**[110](index=110&type=chunk) - A hypothetical **100 basis point (1%)** change in average interest rates would have resulted in a **$0.6 million** change in interest earned on cash, cash equivalents, and treasury bills as of June 30, 2025[112](index=112&type=chunk) - The company recognized net foreign currency gains of **$1.9 million** for the six months ended June 30, 2025, compared to losses of **$0.9 million** in the same period of 2024[114](index=114&type=chunk) [Item 4. Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were not effective as of June 30, 2025, due to previously identified material weaknesses in internal control over financial reporting, despite ongoing remediation efforts - Management concluded that as of June 30, 2025, the company's disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting[117](index=117&type=chunk) - The material weaknesses relate to not having a sufficient quantity of personnel with appropriate expertise and not designing effective control activities, including issues with segregation of duties[118](index=118&type=chunk) - Remediation efforts are ongoing and include hiring additional personnel, engaging a third-party consultant, and enhancing the financial close process, but the material weaknesses are not yet considered fully remediated[119](index=119&type=chunk)[120](index=120&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 10 of the financial statements, which details a proposed settlement with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), involving a civil monetary penalty of **$2,473,360** and an additional **$630,000** investment in compliance controls - The company's legal proceedings are detailed in Note 10 of the financial statements, primarily concerning the OFAC matter[125](index=125&type=chunk)[65](index=65&type=chunk) [Item 1A. Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) The company states that there have been no material changes to the risk factors previously disclosed in its Annual Report on Form 10-K - There have been no material changes in risk factors from those previously disclosed in the Annual Report on Form 10-K[126](index=126&type=chunk) [Item 5. Other Information](index=33&type=section&id=Item%205.%20Other%20Information) This section discloses that three company executives, including the CEO and CFO, have adopted Rule 10b5-1(c) trading plans to sell shares of the company's common stock over a future period - The Chief Financial Officer, James Gernetzke, adopted a Rule 10b5-1(c) trading plan to sell up to **96,000 shares** between August 2025 and December 2026[130](index=130&type=chunk) - The CEO, Jon Paul Richardson, and Director Daniel Castagnoli also adopted Rule 10b5-1(c) trading plans to sell up to **1,000,000** and **400,000 shares**, respectively, between September 2025 and June 2026[131](index=131&type=chunk)[132](index=132&type=chunk)

Filing Information [Registrant and Stock Information](index=1&type=section&id=Registrant%20and%20Stock%20Information) This section identifies Exodus Movement, Inc as the registrant, its stock listing, and its status as an emerging growth company - **Company**: Exodus Movement, Inc[2](index=2&type=chunk) - **Principal Executive Offices**: 15418 Weir St 333, Omaha, Nebraska 68137[2](index=2&type=chunk) - The registrant is identified as an **emerging growth company**[5](index=5&type=chunk) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :--- | :--- | :--- | | Class A Common Stock, par value $0.000001 per share | EXOD | NYSE American LLC | [Report Details](index=1&type=section&id=Report%20Details) This section details the filing of a Form 8-K Current Report with an earliest reported event date of August 11, 2025 - **Report Type**: Form 8-K Current Report[1](index=1&type=chunk) - **Date of Earliest Event Reported**: August 11, 2025[2](index=2&type=chunk) Reported Events [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This item announces the issuance of a press release for financial and operating results for the quarter ended June 30, 2025 - The company issued a press release on August 11, 2025, announcing financial and operating results for the quarter ended **June 30, 2025**[6](index=6&type=chunk) - The press release is attached as **Exhibit 99.1** to the Form 8-K[6](index=6&type=chunk) - The information furnished, including Exhibit 99.1, is **not deemed "filed"** for purposes of Section 18 of the Securities Exchange Act of 1934[7](index=7&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits filed with the Form 8-K, including a press release and an interactive data file | Exhibit numbers | Description | | :--- | :--- | | 99.1 | Press release dated August 11, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | Signatures [Authorization and Signature](index=3&type=section&id=Authorization%20and%20Signature) This section documents the formal authorization and signature of the report by the Chief Financial Officer on August 11, 2025 - The report was signed on **August 11, 2025**, by **James Gernetzke, Chief Financial Officer** of Exodus Movement, Inc[12](index=12&type=chunk)

Core Insights - Exodus Movement, Inc. reported a revenue of $25.8 million for Q2 2025, representing a 16% increase from $22.3 million in Q2 2024 [2] - The company achieved a net income of $37.7 million, a significant turnaround from a net loss of $9.6 million in the same quarter last year, marking a 493% improvement [2] - The CEO highlighted the growing global expansion of Bitcoin, stablecoins, and digital assets, emphasizing the company's ability to reach a broad audience [2][4] Financial Highlights - Revenue for Q2 2025 was $25.8 million, up from $22.3 million in Q2 2024, reflecting a 16% increase [2] - Technology, development, and user support expenses rose to $14.7 million, a 36% increase from $10.8 million in Q2 2024 [2] - General and administrative expenses surged to $18.8 million, a 107% increase from $9.1 million in Q2 2024 [2] - The net loss on digital assets was reported at $(52.5) million, a drastic decline from a gain of $17.2 million in Q2 2024, representing a 405% change [2] Operational Highlights - The company processed a volume of $1.38 billion in Q2 2025, which is a 37% decrease from Q1 2025 [5] - Monthly active users remained stable at 1.5 million as of June 30, 2025, unchanged from the previous year [5] - Quarterly funded users increased by 13% to 1.7 million from 1.5 million as of June 30, 2024 [5] - Digital and liquid assets totaled $291.2 million, including 2,058 units of Bitcoin valued at $220.5 million and 2,729 units of Ether valued at $6.8 million as of June 30, 2025 [5] Upcoming Events - Exodus will participate in the KeyBanc Technology Leadership Forum on August 12, 2025, and the Canaccord Genuity 45th Annual Growth Conference on August 13, 2025 [5]

Core Viewpoint - Exodus Movement, Inc. has announced a partnership with Superstate to create common stock tokens that will digitally represent Exodus' Class A shares on major public blockchains, starting with Solana [1][2][3] Group 1: Partnership and Tokenization - The partnership with Superstate will allow Exodus to utilize the Opening Bell platform for issuing stock tokens on major blockchains, enhancing the company's existing Algorand-based tokens and plans for Ethereum [2][4] - JP Richardson, CEO of Exodus, emphasized the belief in a tokenized asset future and the strategic importance of this partnership for innovation and investor access [3] - Superstate's approach involves direct collaboration with issuers to create compliant stock tokens, differentiating it from other tokenized stock offerings that often use synthetic models [4] Group 2: Future Developments - Exodus and Superstate will explore additional innovative use cases and benefits for common stock tokens, with announcements to follow as warranted [4] - The timing for the posting of Exodus common stock tokens on Superstate's Opening Bell platform will be announced in the future [5] Group 3: Company Background - Exodus is a financial technology leader focused on providing secure and user-friendly crypto solutions, with a commitment to making digital assets accessible since 2015 [7][8] - Superstate aims to reshape public capital markets by connecting financial assets with crypto capital markets, offering platforms like Opening Bell for compliant on-chain equity listings [9]

Group 1: Company Performance - As of July 31, 2025, Exodus reported 1.7 million Monthly Active Users (MAUs), an increase from 1.5 million MAUs in June 2025 [2] - The company's digital asset treasury increased, holding 2,087 BTC, 2,742 ETH, and 34,578 SOL as of July 31, 2025, compared to 2,058 BTC, 2,729 ETH, and 31,823 SOL in June 2025 [1][4] - The exchange provider processed volume for July 2025 was $632 million, up from $446 million in June 2025, with $149 million (24%) from XO Swap partners compared to $90 million (20%) in June [3] Group 2: Business Solutions - Exodus offers self-custodial wallets that allow customers to have full control over their funds, enabling them to swap, buy, and sell cryptocurrencies [5] - The company provides business solutions such as Passkeys Wallet and XO Swap, which are designed for embedded crypto wallets and swap aggregation [5] Group 3: Future Outlook - The CFO of Exodus, James Gernetzke, expressed optimism about the company's operations and indicated that further updates would be provided in the upcoming earnings call on August 11, 2025 [4]

Core Viewpoint - Exodus Movement, Inc. (EXOD) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2025, with a consensus outlook suggesting a quarterly loss of $0.08 per share, reflecting a 78.4% improvement from the previous year, and revenues expected to reach $24.2 million, an 8.5% increase year-over-year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for August 11, and the stock may experience upward movement if the reported figures exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 67.65% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that the Most Accurate Estimate for EXOD is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +126.67%, suggesting a bullish outlook from analysts [10][11]. - However, the stock currently holds a Zacks Rank of 4, complicating the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, EXOD was expected to post earnings of $0.22 per share but instead reported a loss of -$0.45, resulting in a surprise of -304.55% [12]. - Over the past four quarters, the company has only surpassed consensus EPS estimates once [13]. Industry Comparison - Grindr Inc. (GRND), another player in the Zacks Internet - Software industry, is expected to report earnings per share of $0.1 for the same quarter, reflecting a year-over-year change of +42.9%, with revenues projected at $104.8 million, up 27.3% from the previous year [17]. - The consensus EPS estimate for Grindr has been revised 8.3% lower in the last 30 days, resulting in an Earnings ESP of 0%, making it difficult to predict an earnings beat [18].