Exodus Movement, Inc. Class A ( (EXOD) ) has released its Q2 earnings. Here is a breakdown of the information Exodus Movement, Inc. Class A presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Exodus Movement, Inc. is a prominent self-custodial cryptocurrency platform that facilitates the management and exchange of digital assets, operating primarily in the fintech sector. Known for its user-friendly interface and broad asset support, Exodus aims to empower users with control over their digital currencies.
In its latest earnings report, Exodus Movement, Inc. announced a revenue of $25.8 million for the second quarter of 2025, alongside a net income of $37.7 million. The company highlighted its continued growth and adaptability in the expanding cryptocurrency market.
Key financial metrics revealed a 16% increase in revenue compared to the same quarter last year, while net income saw a remarkable turnaround from a loss of $9.6 million in Q2 2024 to a profit of $37.7 million in Q2 2025. Despite a 37% decrease in exchange provider processed volume from the previous quarter, the company maintained a stable user base with 1.5 million monthly active users and a 13% increase in quarterly funded users.
Exodus’s digital and liquid assets totaled $291.2 million, including significant holdings in Bitcoin and Ether. The company also reported maintaining a team of approximately 210 full-time equivalent members and an impressive customer response time of under 60 minutes.
Looking ahead, Exodus remains optimistic about the global adoption of cryptocurrencies, with management expressing confidence in the company’s ability to reach a broader audience and continue its growth trajectory in the evolving digital asset landscape.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money