Exodus Movement, Inc.

Listed Company

EXODCIK 0001821534NYSEAcceleratedSmaller ReportingEmerging GrowthFinance ServicesTexasFY ends Dec 31

Period

FY 2025

Revenue

$121.55M

Net Income

$-11.35M

Total Assets

$266.76M

Equity

$247.41M

Shares Out

9.30M

Op. Cash Flow

$-25.56M

Business

Exodus Movement, Inc. provides a self-custodial software wallet platform that enables users to securely control, send, receive and store a broad range of digital assets. The company’s main offerings include its Exodus Platform (desktop, mobile and browser extension) supporting over 100,000 digital assets, an Exchange Aggregator for crypto-to-crypto swaps, fiat on‑ and off‑ramps, staking services, a Lightning custodial wallet integration, and third‑party app integrations. Key business components include its API Provider integrations, proprietary wallet software, and subsidiaries that support international operations. The platform is distributed via free downloads on desktop and mobile devices and through integrated third‑party API providers across U.S. and international markets.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
REVENUES	122	116	56
Technology, development and user support	63	46	31
General and administrative	66	40	19
Loss (gain) on digital assets, net	19	−96	−1
Gain on sale of future token interests	−2	0	—
Impairment on other assets	179,000	336,000	207,000
Staking and other income	−271,000	−1	—
Other loss, net	512,000	209,000	−248,000
Interest income	−5	−3	−2
Interest expense	570,000	0	—
Total (loss) income before income taxes	−21	131	11
INCOME TAX BENEFIT (EXPENSE)	9	−18	2
NET (LOSS) INCOME	−11	113	13
Foreign currency translation adjustment	−1	725,000	−783,000
COMPREHENSIVE (LOSS) INCOME	−13	114	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	5	38	11	—
U.S. dollar coin	222,000	12,000	517,000	—
Treasury bills	0	30	43	—
Accounts receivable	5	8	3	—
Prepaid expenses	3	2	1	—
Income tax receivable	3	4	—	—
Loans receivable, net	81	0	—	—
Other current assets	2	125,000	5,000	—
Total current assets	99	83	60	—
Fixed assets, net	458,000	357,000	317,000	—
Digital assets	156	196	35	—
Software assets, net	5	6	8	—
Definite and indefinite-lived intangible assets, net	5	2	—	—
Other long-term assets	1	209,000	—	—
Total other assets	167	205	52	—
TOTAL ASSETS	267	288	112	—
Accounts payable	1	1	1	—
Accrued liabilities	2	3	—	—
Payroll liabilities	4	4	—	—
Other current liabilities	0	12,000	6	—
Total current liabilities	7	8	8	—
Other long-term liabilities	0	344,000	412,000	—
Deferred tax liability	12	22	—	—
Total long-term liabilities	12	22	412,000	—
Total liabilities	19	30	8	—
Preferred stock $0.000001 par value, 5,000,000 shares authorized, no shares issued and outstanding	0	0	—	—
ADDITIONAL PAID IN CAPITAL	127	124	123	—
ACCUMULATED OTHER COMPREHENSIVE LOSS	−2	−752,000	−1	—
RETAINED EARNINGS	123	134	−17	—
Total shareholders' equity	247	258	104	86
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	267	288	112	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation and amortization	4	5	5
Deferred Income Tax Expense (Benefit)	−10	18	−5
Impairment of other assets	179,000	336,000	207,000
Loss (gain) on digital assets, net	19	−96	—
Staking and other income	−271,000	−1	—
Other loss, net	512,000	209,000	−248,000
Share-based compensation	14	7	6
Noncash equity-based compensation - warrants	2	0	—
Accrued interest income	−2	−2	−1
Other operating activities settled in digital assets and USDC	−39	−52	−17
Accounts receivable	397,000	71,000	—
Prepaid expenses	620,000	−687,000	1
Other current assets	−335,000	−4	72,000
Other long-term asset	79,000	−109,000	—
Accounts payable	69,000	111,000	471,000
Accrued liabilities	−716,000	3	—
Income tax payable	0	−989,000	—
Other current liabilities	−13,000	−714,000	859,000
Other long-term liabilities	−343,000	−68,000	45,000
Net cash used in operating activities	−26	−12	692,000
Investment in SAFE notes	−600,000	0	—
Purchase of equity security	−249,000	0	—
Purchases of long-lived assets	−2	−201,000	—
Proceeds from sale of future token interests	2	0	—
Purchases of fixed assets	−267,000	−273,000	−67,000
Purchases of treasury bills	−5	−77	−84
Redemption of treasury bills	36	91	75
Purchases of digital assets	−6	−3	—
Disposal of digital assets held	64	32	—
Issuance of loan receivables	−80	0	—
Other investing activities	−100,000	0	—
Net cash provided by investing activities	8	44	−9
Borrowing on term loan	60	0	—
Payments on term loan	−60	0	—
Repurchase of shares to pay employee withholding taxes	−15	−5	−715,000
Exercise of stock options	35,000	13,000	33,000
Net cash used in financing activities	−15	−5	−682,000
Change in cash and cash equivalents	−33	27	—
Non-cash issuance of stock	80,000	10,000	20,000
Non-cash purchase of fixed assets	−36,000	−44,000	−21,000
Non-cash option exercises	32,000	3	—
Non-cash capitalized software costs settled in digital assets and stock (including share-based compensation of $726 and $561 respectively)	−2	−4	−5
Non-cash capitalized interest on notes receivable	600,000	0	—
Long-lived assets acquired through equity issuance	1	0	—
Cash paid for interest on debt	570,000	0	—

Filings

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