What factors drove the changes in Exodus Movement's revenue and profit?

What is Exodus Movement's gross profit margin?

What guidance did Exodus Movement's management provide for the next earnings period?

What is Exodus Movement's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Exodus Movement year over year?

What were the key takeaways from Exodus Movement’s earnings call?

Did Exodus Movement beat or miss consensus estimates last quarter?

What were the key takeaways from Exodus Movement's earnings call?

- **Revenue resilience**: 5% YoY growth to $121.6M despite crypto market pullback, driven by B2B expansion and stablecoin adoption.
- **Strategic acquisition**: W3C acquisition nearing completion, enabling end-to-end payment stack and B2B2C infrastructure.
- **AI innovation**: AI tools like Claude Code accelerate development; Exodus positioning as default wallet for AI agents.
- **Financial focus**: Cost control with $80M W3C debt, Bitcoin treasury sales in Q1 2026, and paused dividends to prioritize growth.
- **Exodus Pay vision**: Single app for daily financial utility, targeting mainstream adoption through cultural integration.

**【CEO Summary Section】**
- **Shift to payments-driven model**: 2025 revenue grew 5% to $121.6M, with focus on B2B expansion and stablecoin utility. Q4 revenue $29.5M, down 3% QoQ due to market pullback.
- **Exodus Pay vision**: Single app for sending, spending, investing, and earning, built on stablecoins. W3C acquisition enables end-to-end payment stack, with 18 B2B swap partnerships (11 active, $416M Q4 volume).
- **AI integration**: Using Claude Code to accelerate development; AI agents may become new customer class needing wallet infrastructure.
- **W3C acquisition progress**: Regulatory approvals ongoing; aims to close in 2026. Exodus Pay to leverage cultural moments for mainstream adoption.

**【CFO Financial Commentary】**
- **Full year results**: GAAP revenue $121.6M (+5% YoY), swap volume $6.89B (+21% YoY). Q4 swap volume $1.59B (-32% YoY, -9% QoQ). Staking revenue $4M (+100% YoY), fiat onboarding +28% YoY.
- **User metrics**: Funded users 1.7M (-11% YoY), MAUs 1.5M (-35% YoY). Exodus Pay wallet stickiness resilient despite retail decline.
- **W3C costs**: $80M debt incurred in 2025, with Bitcoin treasury sales in Q1 2026 for final disbursement. Paused Bitcoin dividends to prioritize M&A.

**【Q&A Key Highlights】**
- **AI agents & wallets**: Security controls needed for consumer AI access to wallets; business-side solutions for multi-wallet management in development.
- **Cost structure**: Ongoing legal and regulatory expenses for W3C, but lower than prior quarters. No new M&A disclosed beyond W3C.
- **XO Swap pipeline**: 18 signed partners (11 active), with MetaMask Bitcoin integration ramping. New partnerships expected to drive growth in 2026.
- **Exodus Pay go-to-market**: Cultural alignment strategy; early test results positive. W3C integration will enable card issuance for partners.


Exodus Movement, Inc.(EXOD)-20260312-2025 Q4 Earnings call transcript

- **Revenue Surge**: 51% YoY growth to $30.3M, driven by stablecoin adoption and 16 new partnerships.
- **Grateful Launch**: South America expansion next month, targeting $20B+ stablecoin market with 0.5%+ fee potential.
- **Swap Dominance**: 37% industry share in September, up from 26%, with MetaMask integration nearing revenue contribution.
- **Tokenized Future**: Bitcoin dividend filing and Solana blockchain expansion highlight Exodus' leadership in asset tokenization.
- **Latin America Play**: Tackling $1.2T+ remittance market with stablecoin solutions, leveraging 100M+ Argentinians' familiarity with Tether.
- **User Growth**: 1.8M funded users (+20% YoY), signaling stickiness as 60%+ users hold crypto >1 year.


**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $30.3 million, a 51% year-over-year increase, driven by stablecoin adoption and partnerships.
- **Grateful Acquisition**: Launched in Argentina and Uruguay next month, integrating stablecoin payments for merchants and consumers. The acquisition adds 10+ developers and enhances payment rails flexibility.
- **Partnerships Expansion**: 16 signed partnerships (10 active) for XO Swap, including MetaMask. September swap volume share rose to 37% of industry partners.
- **Tokenization Progress**: Exploring Bitcoin dividends; Exodus common stock token now on Solana blockchain, targeting on-chain stock trading.
- **Market Focus**: Prioritizing Latin America (e.g., Argentina) due to high inflation and Tether adoption, with plans to expand stablecoin utility globally.

**【CFO Financial Commentary】**
- **Financial Highlights**: Q3 swap volume $1.75B (+82% YoY), non-exchange revenue 10% of total (up from prior quarters), 1.8M funded users (+20% YoY).
- **Balance Sheet Strength**: $315M digital assets, debt-free, with Bitcoin holdings increasing to 2,123 BTC.
- **Grateful Impact**: Provides beachhead in traditional payments, enabling targeted rollouts and feature testing across jurisdictions.
- **Dividend Update**: Filed SEC info statement for potential Bitcoin dividends; charter amendment to allocate dividends to Class A stockholders.

**【Q&A Key Highlights】**
- **Grateful Integration**: Launching in South America next month with merchant checkout and consumer app; monetization focused on stablecoin yield and Swaps integration.
- **Monetization Strategy**: Short-term focus on merchant cost savings (e.g., 50bps fees), long-term on consumer services like loans and Swaps.
- **Latin America Opportunity**: Huge potential in inflation-affected countries like Argentina, where Tether is widely used.
- **User Incentives**: Competing with credit cards via lower fees, global stablecoin utility, and seamless crypto-to-fiat conversions.
- **Payment Vision**: Building a single app for crypto, stocks, and stablecoins, with no friction for global transactions.


Exodus Movement, Inc. (EXOD) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: $26M Q2 revenue (+16% YoY) driven by product adoption and stablecoin/BTC market recovery.
- **Product Innovation**: Launch of XO Pay (native on-ramping), MetaMask XO Swap integration, and Exodus Mobile redesign.
- **Strategic Partnerships**: 9 active XO Swap partners, MetaMask deal to bring cross-chain Swaps to millions of users.
- **Financial Strength**: $291M in digital assets, 2,058 Bitcoin held, and $2M profit from token sale.
- **Regulatory Progress**: GENIUS Act alignment with Exodus' self-custody model, tokenized stock pilot on Solana/Ethereum.


**【CEO Summary Section】**
- Q2 2025 revenue reached $26 million, up 16% year-over-year, driven by product adoption and market recovery.
- Key product updates: Exodus Mobile redesign, XO Swap partnerships (now 9 active with MetaMask integration), and XO Pay launch enabling native on-ramping within the wallet.
- Strategic focus on solving crypto pain points (seed phrases, cross-chain friction) and bridging stablecoins to Bitcoin for mainstream adoption.
- Highlighted industry trends: 30%+ price growth in major cryptos, regulatory progress (GENIUS Act), and stablecoin adoption ($250B+ issued, projected to $1.5T by 2030).

**【CFO Financial Commentary】**
- Q2 GAAP revenue: $26 million (+16% YoY), with 91% of revenue from exchange aggregation.
- Total Swap volume: $1.38 billion, with XO Swap contributing 15% of volume and 10% of revenue.
- Notable expenses: $7.3M marketing (Bitcoin 2025 sponsorship), $1.2M M&A costs, $2.6M legal accrual for OFAC settlement.
- Balance sheet strength: $291M in digital assets, 2,058 Bitcoin held, and $2M profit from partial sale of Magic Eden tokens.

**【Q&A Highlights】**
- **MetaMask Partnership**: XO Swap will enable cross-chain Swaps in MetaMask, with focus on user experience and liquidity optimization. Deal economics similar to Ledger partnership but with unique multichain value add.
- **M&A Strategy**: Deliberate, strategic acquisitions to accelerate product roadmap (e.g., Australian on-ramp deal for global licensing). No immediate customer acquisition focus.
- **Tokenized Stocks**: Exodus common stock token now on Solana, with Ethereum integration planned. Regulatory approvals needed for 24/7 trading and on-chain dividends.
- **Customer Acquisition**: Long-term growth via product innovation (e.g., Exodus redesign) and partnerships. Short-term marketing effectiveness mixed (e.g., $7.3M Q2 spend yielded limited user growth).


Exodus Movement, Inc. (EXOD) Q2 2025 Earnings Call Transcript

- **Revenue Supercharge**: Q4 revenue up 143% YoY to $44.8M, fueled by XO Swap (12% contribution) and 2.3M monthly users.
- **Product Breakthroughs**: Passkeys Wallet hits 200K users, XO Pay streamlines fiat onboarding, and Bitcoin ETF inflows hit $16B.
- **Strategic Momentum**: NYSE uplisting, 11 XO Swap partners, and Bitcoin holdings +8% QoQ to 1,941 units.
- **Security Win**: Exchange hacks drive Exodus user surge, highlighting self-custody safety vs. custodial exchanges.
- **2025 Outlook**: Q1 volumes already exceed 2024 Q1-Q3 totals, with XO Swap leading the charge.

**【CEO Summary Section】**
- Q4 revenue surged 143% YoY to $44.8 million, driven by exchange aggregation and partnerships. Full-year revenue reached $116.3 million, a record high.
- Key innovations: XO Swap contributed 12% of Q4 revenue, Passkeys Wallet ended 2024 with 200,000 users, and XO Pay simplified fiat onboarding.
- Strategic milestones: 11 XO Swap partners (5 integrated), NYSE American uplisting, and Bitcoin ETF inflows of $16 billion.
- Long-term vision: Self-custody wallet adoption, Web3 partnerships, and disciplined treasury management (holding 1,941 Bitcoin as of Q4).

**【CFO Financial Commentary】**
- Exchange aggregation accounted for 92% of Q4 revenue, with 93% from users and 7% from partnerships. Non-aggregation revenue (fiat onboarding, staking) made up 8%.
- Q4 volumes reached $2.3 billion (169% YoY growth), with 2.3 million monthly active users (64% YoY increase).
- Balance sheet: $265 million in digital assets, debt-free, and Bitcoin holdings growing to 2,000+ units by February 2025.
- Q1 2025 momentum: $1.45 billion in volumes (23% from XO Swap), surpassing Q1-Q3 2024 totals.

**【Q&A Key Highlights】**
- **Security & Self-Custody**: Exchange hacks (e.g., $1.5B Bybit breach) drove 14-day Exodus user surge, reinforcing self-custody value proposition.
- **XO Swap Growth**: 11 partners (5 integrated), contributing 12% of Q4 revenue, with 2025 momentum already exceeding prior quarters.
- **XO Pay Integration**: Aim to seamlessize fiat onboarding by combining with MoonPay/Ramp, reducing consumer friction in debit card purchases.
- **IP & Moat**: 10-year swap aggregator refinement creates defensible API-driven partnerships, while open-sourcing front-end to attract developers.
- **Acquisition Pipeline**: Active inbound interest, though no names disclosed; focus on accelerating growth via strategic M&A.


Actual	1.935	1.12	0.53	-0.005
Forecast	0.6467	0.12	0.0933	0.0017
Surprise	+199.21%	+833.33%	+468.06%	-394.12%

Actual	44.80M	25.83M	30.30M	29.42M
Forecast	28.54M	29.65M	30.20M	29.80M
Surprise	+56.95%	-12.90%	+0.35%	-1.26%

EXOD

EXOD fundamentals

EXOD Q4 2025 Earnings

Earnings Call

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EXOD

EXOD fundamentals

EXOD Q4 2025 Earnings

Earnings Call

EXOD Earnings Call Summary for Q4/20255:00 PM on Mar 11, 2026

EXOD Earnings Call Summary for Q3/20258:30 AM on Nov 10, 2025

EXOD Earnings Call Summary for Q2/20254:30 PM on Aug 11, 2025

EXOD Earnings Call Summary for Q4/20244:30 PM on Mar 3, 2025

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