Financial Data and Key Metrics Changes - Exodus reported Q3 revenue of $30.3 million, representing a 51% year-over-year growth, driven by higher digital asset prices and increased consumer and industry partner engagement [3][9] - Q3 swap volume reached $1.75 billion, an 82% increase from the prior year, with B2B swaps contributing $496 million, accounting for 28% of the quarterly volume [9] - Non-exchange-related revenue exceeded 10% of total revenue for the first time, primarily due to improvements in staking, particularly in Solana staking [9][10] - Monthly active users remained at 1.5 million, a 6% decrease year-over-year, while quarterly funded users increased to 1.8 million, up 20% from a year ago [10][11] - Digital and liquid assets totaled $315 million, with Exodus maintaining a debt-free position and increasing its Bitcoin holdings to 2,123 Bitcoin [11] Business Line Data and Key Metrics Changes - The acquisition of Grateful is expected to enhance Exodus's payment strategy, providing tools for merchant checkout experiences based on stablecoins [4][11] - The company has signed 16 partnerships in the industry, with 10 already producing results, indicating growing traction in its traditional crypto business and XO Swap [5][9] Market Data and Key Metrics Changes - The overall economic environment for the quarter was supported by rising prices of Bitcoin and Ethereum, with stablecoin and real-world asset tokenization adoption seen as key future catalysts [7][8] Company Strategy and Development Direction - Exodus aims to evolve beyond a crypto wallet, positioning itself as a comprehensive financial app for payments and money transfers, leveraging stablecoins for transactions [3][4] - The company is exploring the potential for a Bitcoin dividend to reward shareholders and promote the adoption of its products [12][13] - The integration of Grateful is seen as a strategic move to penetrate the traditional payment space and enhance the user experience across jurisdictions [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the significant opportunity in Latin America for stablecoin-based payments, particularly in countries with high inflation like Argentina [28][34] - The focus is on creating a seamless user experience that integrates various financial services within a single app, catering to the preferences of younger generations [34][36] Other Important Information - The Grateful acquisition was a mix of cash and stock, with the financial impact expected to be modest but significant in terms of technology and market reach [18][19] - The company is actively pursuing a charter amendment to allow for the potential issuance of Bitcoin dividends to Class A stockholders [14] Q&A Session Summary Question: Can you elaborate on the Grateful acquisition and its integration timeline? - The Grateful acquisition is set to go live next month in Uruguay, focusing on merchant services and checkout experiences [17] Question: What is the monetization model for Grateful? - The short-term focus is on utility rather than immediate monetization, with potential for consumer services like loans and yield generation from stablecoins [25][26] Question: How significant is the opportunity in Latin America for stablecoin payments? - The opportunity is described as huge, particularly in high-inflation countries like Argentina, where stablecoins are in demand [28] Question: How will Exodus incentivize users to adopt its platform? - The strategy includes integrating with credit and debit cards, providing a seamless experience for users to manage their assets in one app [34][36]

Group 1: Exodus Movement, Inc. (EXOD) - Exodus Movement, Inc. shares increased by 12.1% in the last trading session, closing at $32, with notable trading volume compared to typical sessions [1] - The stock has gained 5.8% over the past four weeks, benefiting from the increased adoption of stablecoins and strategic partnerships, including integration with MetaMask [1] - The company focuses on simplifying crypto access through innovative products like XO Swap and XO Pay [1] Group 2: Financial Performance Expectations - Exodus Movement is expected to report a quarterly loss of $0.02 per share, reflecting a year-over-year change of -166.7% [2] - Revenue expectations for the upcoming report are $25.25 million, which is a 25.5% increase from the same quarter last year [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] Group 3: Industry Context - Exodus Movement, Inc. is part of the Zacks Internet - Software industry, which includes other companies like Affirm Holdings [3] - Affirm Holdings has seen a 1.5% decrease in its stock price, closing at $81.53, with a return of 6.1% over the past month [3] - The consensus EPS estimate for Affirm Holdings has increased by 27.2% over the past month, representing a change of +132.3% from the previous year [4]

Core Insights - Exodus has launched XO Pay, a new service enabling customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet, eliminating the need for third-party exchanges [1][3] - XO Pay supports popular cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, and allows purchases using Visa, Mastercard, Apple Pay, or Google Pay [2] - The service is currently available across the United States, excluding New York and Vermont [2] Company Overview - Exodus aims to empower individuals by providing secure and user-friendly crypto software, focusing on self-custodial wallets that give customers full control over their funds [5] - The company has been operational since 2015 and offers solutions like Passkeys Wallet and XO Swap for businesses [5] Technology and Integration - XO Pay integrates Coinme's Crypto-as-a-Service API platform, creating a seamless in-app purchase experience while maintaining user control over assets [4][6] - The user experience is designed for simplicity, allowing customers to initiate purchases easily through the Exodus Mobile app [3] Customer Support - Dedicated support is available for XO Pay users, with representatives ready to assist with transaction issues [4][7]