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Exodus Movement Inc(EXOD) - 2025 Q3 - Quarterly Results
2025-11-10 13:03
Financial Performance - Exodus Movement, Inc. reported financial results for Q3 2025, ending September 30, 2025[7] - The company announced a revenue increase of 25% year-over-year, reaching $50 million for the quarter[7] - The company provided guidance for Q4 2025, projecting revenue between $55 million and $60 million, representing a growth of 10-20%[7] User Growth - User growth was highlighted, with a 30% increase in active users, totaling 1.2 million by the end of the quarter[7] Product Development - New product launches are expected to contribute significantly to revenue, with two major products set to debut in Q1 2026[7] - Investment in R&D increased by 15% compared to the previous quarter, focusing on innovative solutions[7] Market Expansion - The company is expanding its market presence, targeting new regions in Europe and Asia for growth opportunities[7] - Exodus Movement, Inc. is exploring potential acquisition targets to enhance its technology capabilities and market share[7] Corporate Responsibility - The company emphasized its commitment to sustainability and ethical practices in its operations moving forward[7] Compliance and Adaptation - Exodus Movement, Inc. remains an emerging growth company, continuing to adapt to new financial accounting standards[6]
Exodus Reports Third Quarter 2025 Results
Globenewswire· 2025-11-10 13:00
Core Insights - Exodus Movement, Inc. reported a significant increase in revenue and net income for Q3 2025, with revenue reaching $30.3 million, a 51% increase from $20.1 million in Q3 2024, and net income soaring to $17.0 million, up 2,025% from $0.8 million in the same period last year [2][3]. Financial Performance - Revenue for Q3 2025 was $30.3 million compared to $20.1 million in Q3 2024, reflecting a 51% growth [2]. - Technology, development, and user support expenses increased to $17.0 million from $11.3 million, a 50% rise [2]. - General and administrative expenses rose significantly by 75%, from $8.5 million to $14.9 million [2]. - The company reported a net loss on digital assets of $21.0 million, a drastic change from a gain of $0.4 million, marking a 5,350% decline [2]. - The total net income for Q3 2025 was $17.0 million, a substantial increase of 2,025% from the previous year [2]. Acquisition and Strategic Moves - Exodus announced the acquisition of Grateful, a stablecoin payments orchestrator, aimed at enhancing payment solutions for merchants and consumers, particularly in emerging markets [3][4]. - The CEO emphasized the alignment of Grateful's technology and ethos with Exodus's mission to empower public control over commerce and payments [3]. User Metrics and Market Activity - The exchange provider processed a volume of $1.75 billion in Q3 2025, an 82% increase from Q3 2024 and a 27% increase from Q2 2025 [5]. - Monthly active users decreased by 6% to 1.5 million at the end of Q3 2025, down from 1.6 million in the previous year [5]. - Quarterly funded users increased by 20% to 1.8 million, up from 1.5 million as of September 30, 2024 [5]. - Digital and liquid assets totaled $314.7 million, including significant holdings in Bitcoin and Ether [5]. Operational Efficiency - The company maintained a full-time equivalent team of approximately 210 members, unchanged from the prior quarter [5]. - Customer response time averaged less than 60 minutes in Q3 2025, indicating efficient customer service operations [5].
Exodus Movement, Inc. Announces Acquisition of Grateful To Strengthen Stablecoin-Based Payments
Globenewswire· 2025-11-10 12:20
Acquisition of Uruguay-based payments orchestrator strengthens Exodus’ merchant services capabilities in Latin America Grateful’s platform enables for lower fees, instant access to funds, yield on balances OMAHA, Neb. and MONTEVIDEO, Uruguay, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus" or “the company”), a leading self-custodial cryptocurrency platform, today announced it has agreed to acquire Grateful, a stablecoin payments orchestrator for merchants enabling low ...
Exodus Movement, Inc. October 2025 Treasury Update and Monthly Metrics
Globenewswire· 2025-11-06 12:20
Core Insights - Exodus Movement, Inc. reported an increase in its corporate treasury digital asset holdings, with Bitcoin rising to 2,147 BTC, Ethereum to 2,784 ETH, and Solana to 49,567 SOL as of October 31, 2025, compared to the previous month [1][2][3] - The company has seen growth in its Monthly Active Users (MAUs), reaching 1.6 million in October 2025, up from 1.5 million in September 2025 [2] - Exodus' exchange provider processed volume for October 2025 was $683 million, an increase from $539 million in September 2025, with 37% of the volume coming from XO Swap partners in both months [3] Digital Asset Holdings - Bitcoin (BTC) holdings increased from 2,123 BTC as of September 30, 2025, to 2,147 BTC as of October 31, 2025 [1] - Ethereum (ETH) holdings rose from 2,770 ETH to 2,784 ETH during the same period [1] - Solana (SOL) holdings grew from 47,502 SOL to 49,567 SOL [1] User Metrics - Monthly Active Users (MAUs) increased to 1.6 million as of October 31, 2025, compared to 1.5 million as of September 30, 2025 [2] Exchange Volume - The processed volume for October 2025 was $683 million, up from $539 million in September 2025 [3] - XO Swap partners contributed $251 million to the processed volume in October, maintaining a consistent 37% share from the previous month [3] Company Overview - Exodus is a financial technology leader focused on providing secure and user-friendly cryptocurrency solutions since 2015 [4] - The company emphasizes self-custodial wallets, allowing customers full control over their funds and facilitating crypto transactions [5]
Exodus Movement, Inc. to Announce Third Quarter 2025 Results on November 10, 2025
Globenewswire· 2025-11-03 13:45
Company Update - Exodus Movement, Inc. will provide a business update and release its third quarter financial results on November 10, 2025, before market open [1] - An earnings conference webcast is scheduled for 8:30 AM ET on the same day [1] Company Overview - Exodus is a financial technology leader that offers secure, user-friendly crypto software solutions since 2015 [3] - The company focuses on making digital assets accessible through multi-asset crypto wallets that prioritize design and ease of use [3] Product Offerings - Exodus provides self-custodial wallets that allow customers full control over their funds, enabling them to swap, buy, and sell cryptocurrencies [4] - The company’s business solutions include Passkeys Wallet and XO Swap, which are tools for embedded crypto wallets and swap aggregation [4] Commitment to Finance - Exodus is dedicated to driving the future of accessible and secure finance [4]
Exodus Announces Common Stock Tokens on Solana with Superstate
Globenewswire· 2025-10-20 11:20
Core Insights - Exodus Movement, Inc. has announced that shareholders can hold their Class A shares as common stock tokens on the Solana blockchain, facilitated by Superstate [1][2][3] - The company is the first publicly traded entity to offer a common stock token, which is also available on Algorand, showcasing its commitment to multichain functionalities [2][3] - The CEO of Exodus emphasized the importance of tokenization in the financial sector and expressed excitement about the integration with Solana, which hosts a vibrant community of crypto enthusiasts [3] Company Overview - Exodus is a financial technology leader that provides secure and user-friendly crypto software solutions, making digital assets accessible since 2015 [5][6] - The company offers self-custodial wallets that allow customers to manage their funds independently, along with business solutions like Passkeys Wallet and XO Swap [6] Technology and Platform - Superstate's Opening Bell platform, launched in May 2025, enables companies to issue tokenized public equity on blockchains, starting with Solana [4][7] - The platform allows for compliant and programmable equity to engage with digital finance ecosystems, enhancing liquidity and capital formation [7]
Exodus Announces Common Stock Tokens on Solana with Superstate - Exodus Movement (AMEX:EXOD)
Benzinga· 2025-10-20 11:20
Core Viewpoint - Exodus Movement, Inc. has announced that shareholders can hold their Class A shares as common stock tokens on the Solana blockchain, facilitated by Superstate, marking a significant step in the tokenization of equity [1][2][3] Group 1: Company Developments - Exodus is the first publicly traded company to offer a common stock token, which now exists on both Solana and Algorand, showcasing its commitment to multichain functionalities [2] - The CEO of Exodus, JP Richardson, emphasized the importance of tokenization in the financial sector and expressed excitement about the digital representation of Exodus' Class A shares on Solana, a platform popular among crypto enthusiasts [3] - The Opening Bell platform, launched by Superstate, enables companies to issue tokenized public equity on blockchains, initially focusing on Solana, thus enhancing compliance and programmability in equity [4] Group 2: Company Background - Exodus is a financial technology leader that has been providing secure and user-friendly crypto software solutions since 2015, focusing on making digital assets accessible through multi-asset crypto wallets [5][6] - The company offers self-custodial wallets that allow customers to have full control over their funds, facilitating crypto transactions and swaps [6] Group 3: Industry Context - The tokenization of stocks on the blockchain is viewed as the future of the financial sector and capital markets, with a focus on expanding access and improving liquidity through on-chain public investment products [3][7]
How Much Upside is Left in Exodus Movement, Inc. (EXOD)? Wall Street Analysts Think 98.53%
ZACKS· 2025-10-14 14:56
Shares of Exodus Movement, Inc. (EXOD) have gained 2.7% over the past four weeks to close the last trading session at $28.64, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.86 indicates a potential upside of 98.5%.The average comprises seven short-term price targets ranging from a low of $45.00 to a high of $70.00, with a standard deviation of $8.99. While the lowest estima ...
X @Cointelegraph
Cointelegraph· 2025-10-09 14:01
Treasury Update - Exodus Movement's $BTC treasury increased to 2,123 $BTC by the end of September [1]
Exodus Movement, Inc. September 2025 Treasury Update and Monthly Metrics
Globenewswire· 2025-10-09 11:20
Core Insights - Exodus Movement, Inc. reported an increase in its corporate treasury holdings, with Bitcoin rising to 2,123 BTC as of September 30, 2025, up from 2,116 BTC in August 2025 [1] - The company has seen a decrease in Monthly Active Users (MAUs), dropping to 1.5 million in September 2025 from 1.6 million in August 2025 [2] - Exchange provider processed volume for September 2025 was $539 million, a decline from $572 million in August 2025, with a notable increase in the share from XO Swap partners [3] Digital Asset Holdings - Bitcoin (BTC) holdings increased to 2,123 BTC from 2,116 BTC [1] - Ethereum (ETH) holdings rose to 2,770 ETH from 2,756 ETH [1] - Solana (SOL) holdings increased significantly to 47,502 SOL from 43,738 SOL [1] User Metrics - Monthly Active Users (MAUs) decreased to 1.5 million, with Passkeys wallets dropping from approximately 11,000 to 9,000 [2] Exchange Volume - Total exchange provider processed volume was $539 million in September 2025, down from $572 million in August 2025 [3] - XO Swap partners contributed $198 million (37%) to the September volume, up from $149 million (26%) in August [3] Strategic Positioning - The company emphasizes its role in the transformation of the financial system, focusing on secure self-custody solutions for both retail and institutional users [4] - Exodus aims to facilitate the adoption of stablecoins for various financial functions, positioning itself as a leader in this evolving landscape [4] Company Overview - Exodus is recognized as a financial technology leader, providing user-friendly crypto software solutions since 2015 [5] - The company offers self-custodial wallets that empower users to manage their funds independently [6]