Exodus Movement Inc(US:EXOD)2026-03-11 20:06Financial Performance - Full year revenue for 2025 reached $121.6 million, a 5% increase from 2024, while Q4 revenue was $29.5 million, down 34% from Q4 2024 [2][4]. - The net loss for Q4 2025 was $(53.2) million, compared to a net income of $67.0 million in Q4 2024, marking a 179% decline [4]. Operational Metrics - Full year swap volume grew 21% to $6.89 billion, with B2B swap partners generating $416 million in Q4 volume, representing 26% of the quarterly total [2][5]. - Monthly active users increased to 1.6 million as of February 28, 2026, up from 1.5 million at year-end 2025 [12]. - Exchange provider processed volume for February 2026 was $435 million, with $99 million (23%) originating from XO Swap partners [12]. Expenses - Technology, development, and user support expenses increased by 37% year-over-year to $62.9 million, while general and administrative expenses rose by 68% to $66.3 million [4]. Strategic Initiatives - The company announced an agreement to acquire W3C Corp, which will enable it to issue credit cards globally and facilitate real-time settlement in stablecoins [6]. - The company has set aside over $70 million in US dollar reserves for obligations related to the W3C acquisition [14]. - The company plans to host its Inaugural Shareholders Day on May 1, 2026, to engage with shareholders and investors [15]. Asset Holdings - As of December 31, 2025, the company held $161.6 million in digital and liquid assets, including $149.2 million in Bitcoin [10].