Exodus Movement Inc. Reports Q1 2025 Revenue of $36M, Up 24%; Net Loss of $12.9M, Down 124%

Reuters
13 May
Exodus Movement Inc. Reports Q1 2025 Revenue of $36M, Up 24%; Net Loss of $12.9M, Down 124%

Exodus Movement, Inc. reported its financial results for the first quarter of 2025, announcing a record Q1 revenue of $36.0 million, a 24% increase compared to the $29.1 million reported in Q1 2024. Despite this revenue growth, the company recorded a net loss of $12.9 million, contrasting with a net income of $54.8 million in the same period the previous year, marking a 124% decline. The company processed an exchange provider volume of $2.18 billion in Q1 2025, which is a 7% decrease from Q4 2024. The top assets traded included Bitcoin (16%), Tether on the TRX Network (11%), Solana (11%), Tether on the ETH Network (9%), Ether (8%), and XRP (8%). Exodus reported a decrease in its monthly active users, from 2.3 million at the end of December 2024 to 1.6 million by the end of Q1 2025, representing a 30% drop. However, its quarterly funded users decreased only slightly by 5%, from 1.9 million to 1.8 million during the same period. As of March 31, 2025, the company held digital assets, cash, and cash equivalents totaling $238.0 million, which includes 2,011 units of Bitcoin valued at $166.0 million, 2,693 units of Ether valued at $4.9 million, and $62.8 million in cash, USDC, and Treasury bills. The number of full-time equivalent team members remained steady at approximately 210. Exodus maintains a focus on self-custody solutions while expanding its offerings in the digital assets market. The company reported an average customer response time of less than 60 minutes during the first quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Exodus Movement Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9449704-en) on May 12, 2025, and is solely responsible for the information contained therein.

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