Exodus Reports Fourth Quarter and Full Year 2024 Results, Provides Preliminary First Quarter 2025 Highlights
Exodus Movement (NYSE: EXOD) reported strong financial results for Q4 and full year 2024, with annual revenue reaching $116.3 million, marking a 107% increase from 2023. The company's Q4 performance showed significant growth, with exchange provider processed volume hitting $2.33 billion, up 172% year-over-year.
Key highlights include a surge in monthly active users to 2.3 million by Q4 2024, representing a 64% increase from Q4 2023. The company's digital assets and cash position stood at $264.7 million, including $190.1 million in bitcoin and ether, and $68.4 million in cash equivalents. XO Swap contributed 12% of Q4 revenue, while the company maintained strong customer service with response times under 60 minutes.
Preliminary Q1 2025 data shows continued momentum, with exchange processed volume reaching $1.45 billion in just two months (January-February 2025), already exceeding the previous record of $1.35 billion set in Q1 2024.
Exodus Movement (NYSE: EXOD) ha riportato risultati finanziari solidi per il quarto trimestre e l'intero anno 2024, con un fatturato annuale che ha raggiunto 116,3 milioni di dollari, segnando un aumento del 107% rispetto al 2023. Le performance del quarto trimestre hanno mostrato una crescita significativa, con il volume elaborato dal fornitore di scambi che ha toccato 2,33 miliardi di dollari, in aumento del 172% rispetto all'anno precedente.
I punti salienti includono un aumento degli utenti attivi mensili a 2,3 milioni entro il quarto trimestre del 2024, rappresentando un incremento del 64% rispetto al quarto trimestre del 2023. La posizione degli asset digitali e della liquidità dell'azienda si è attestata a 264,7 milioni di dollari, inclusi 190,1 milioni di dollari in bitcoin ed ether, e 68,4 milioni di dollari in equivalenti di cassa. XO Swap ha contribuito per il 12% del fatturato del quarto trimestre, mentre l'azienda ha mantenuto un servizio clienti eccellente con tempi di risposta inferiori a 60 minuti.
I dati preliminari del primo trimestre 2025 mostrano un continuo slancio, con un volume elaborato dagli scambi che ha raggiunto 1,45 miliardi di dollari in soli due mesi (gennaio-febbraio 2025), superando già il precedente record di 1,35 miliardi di dollari stabilito nel primo trimestre 2024.
Exodus Movement (NYSE: EXOD) reportó resultados financieros sólidos para el cuarto trimestre y el año completo 2024, con ingresos anuales que alcanzaron 116,3 millones de dólares, marcando un aumento del 107% en comparación con 2023. El rendimiento del cuarto trimestre mostró un crecimiento significativo, con el volumen procesado por el proveedor de intercambio alcanzando 2,33 mil millones de dólares, un aumento del 172% interanual.
Los aspectos destacados incluyen un aumento en los usuarios activos mensuales a 2,3 millones para el cuarto trimestre de 2024, lo que representa un incremento del 64% en comparación con el cuarto trimestre de 2023. La posición de activos digitales y efectivo de la empresa se situó en 264,7 millones de dólares, incluidos 190,1 millones de dólares en bitcoin y ether, y 68,4 millones de dólares en equivalentes de efectivo. XO Swap contribuyó con el 12% de los ingresos del cuarto trimestre, mientras que la empresa mantuvo un servicio al cliente sólido con tiempos de respuesta inferiores a 60 minutos.
Los datos preliminares del primer trimestre de 2025 muestran un impulso continuo, con un volumen procesado por el intercambio que alcanzó 1,45 mil millones de dólares en solo dos meses (enero-febrero de 2025), superando ya el récord anterior de 1,35 mil millones de dólares establecido en el primer trimestre de 2024.
엑소더스 무브먼트 (NYSE: EXOD)는 2024년 4분기 및 전체 연도에 대한 강력한 재무 결과를 보고했으며, 연간 수익은 1억 1,630만 달러에 도달하여 2023년 대비 107% 증가했습니다. 회사의 4분기 실적은 상당한 성장을 보여주었으며, 거래소 제공업체의 처리된 거래량은 23억 3,000만 달러에 달해 전년 대비 172% 증가했습니다.
주요 하이라이트로는 2024년 4분기까지 월간 활성 사용자 수가 230만에 도달하여 2023년 4분기 대비 64% 증가했습니다. 회사의 디지털 자산 및 현금 보유액은 2억 6,470만 달러로, 이 중 1억 9,010만 달러는 비트코인과 이더리움, 6,840만 달러는 현금 등가물입니다. XO Swap은 4분기 수익의 12%를 기여했으며, 회사는 60분 이내의 응답 시간으로 강력한 고객 서비스를 유지했습니다.
2025년 1분기 예비 데이터는 지속적인 모멘텀을 보여주며, 거래소 처리량은 단 2개월(2025년 1월-2월) 만에 14억 5천만 달러에 도달하여 이미 2024년 1분기에 설정된 이전 기록인 13억 5천만 달러를 초과했습니다.
Exodus Movement (NYSE: EXOD) a rapporté de solides résultats financiers pour le quatrième trimestre et l'année entière 2024, avec des revenus annuels atteignant 116,3 millions de dollars, marquant une augmentation de 107% par rapport à 2023. La performance de l'entreprise au quatrième trimestre a montré une croissance significative, le volume traité par le fournisseur d'échanges atteignant 2,33 milliards de dollars, en hausse de 172% d'une année sur l'autre.
Les faits saillants incluent une augmentation du nombre d'utilisateurs actifs mensuels à 2,3 millions d'ici le quatrième trimestre 2024, représentant une augmentation de 64% par rapport au quatrième trimestre 2023. La position des actifs numériques et de liquidités de l'entreprise s'élevait à 264,7 millions de dollars, dont 190,1 millions de dollars en bitcoin et ether, et 68,4 millions de dollars en équivalents de liquidités. XO Swap a contribué à hauteur de 12% des revenus du quatrième trimestre, tandis que l'entreprise a maintenu un service client solide avec des temps de réponse inférieurs à 60 minutes.
Les données préliminaires du premier trimestre 2025 montrent un élan continu, avec un volume traité par l'échange atteignant 1,45 milliard de dollars en seulement deux mois (janvier-février 2025), dépassant déjà le précédent record de 1,35 milliard de dollars établi au premier trimestre 2024.
Exodus Movement (NYSE: EXOD) berichtete über starke Finanzergebnisse für das vierte Quartal und das gesamte Jahr 2024, mit einem Jahresumsatz von 116,3 Millionen US-Dollar, was einem Anstieg von 107% im Vergleich zu 2023 entspricht. Die Leistung des Unternehmens im vierten Quartal zeigte ein signifikantes Wachstum, wobei das bearbeitete Volumen des Austauschdienstleisters 2,33 Milliarden US-Dollar erreichte, was einem Anstieg von 172% im Jahresvergleich entspricht.
Zu den wichtigsten Highlights gehört ein Anstieg der monatlich aktiven Nutzer auf 2,3 Millionen bis zum vierten Quartal 2024, was einem Anstieg von 64% im Vergleich zum vierten Quartal 2023 entspricht. Die digitalen Vermögenswerte und die Liquiditätsposition des Unternehmens beliefen sich auf 264,7 Millionen US-Dollar, einschließlich 190,1 Millionen US-Dollar in Bitcoin und Ether sowie 68,4 Millionen US-Dollar in liquiden Mitteln. XO Swap trug 12% zum Umsatz des vierten Quartals bei, während das Unternehmen einen starken Kundenservice mit Reaktionszeiten von unter 60 Minuten aufrechterhielt.
Vorläufige Daten für das erste Quartal 2025 zeigen eine anhaltende Dynamik, wobei das bearbeitete Volumen des Austauschs in nur zwei Monaten (Januar-Februar 2025) 1,45 Milliarden US-Dollar erreicht und bereits den vorherigen Rekord von 1,35 Milliarden US-Dollar im ersten Quartal 2024 übertrifft.
- Revenue grew 107% YoY to $116.3M in 2024
- Exchange volume up 172% YoY to $2.33B in Q4
- Monthly active users increased 64% to 2.3M
- Strong cash position of $264.7M including crypto assets
- XO Swap contributing 12% of Q4 revenue
- Q1 2025 volume already exceeding previous record
- Operating costs increased with 20 new full-time employees
Insights
Exodus delivered exceptional financial performance in 2024 with
The balance sheet position remains strong with
User metrics show healthy growth with monthly active users reaching 2.3 million, up
The emergence of XO Swap as a meaningful revenue contributor (
Early Q1 2025 indicators point to continued momentum, with January-February processed volume of
Full Year 2024 Revenue of
OMAHA, Neb., March 03, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced its preliminary results for the fourth quarter and full year ended December 31, 2024. The Company reported preliminary full year revenue of
Preliminary Fourth Quarter and Full Year 2024 Financial Highlights (Unaudited)
| In USD millions, except percentages | Q4 2024 | Q4 2023 | % Change | 2024 | 2023 | % Change | ||||||||||||
| Revenue | $ | 44.8 | $ | 18.5 | 143% | $ | 116.3 | $ | 56.2 | 107% | ||||||||
| Gain on digital assets, net | 56.9 | 1.1 | 4,866% | 96.1 | 1.4 | 6,616% | ||||||||||||
“In the fourth quarter, in addition to record revenue we achieved milestones that significantly advanced our product innovation and strengthened our market position,” said JP Richardson, CEO and co-founder of Exodus.
“The expansion of our partnership ecosystem and the continued momentum of XO Swap reinforce our commitment to making digital asset ownership seamless and secure. We believe XO Swap’s increasing industry adoption highlights demand for self-custody solutions that offer transparency and efficiency. Meanwhile, Passkeys Wallet removes onboarding friction with an intuitive, self-custody experience that is designed to eliminate the need for traditional passwords and recovery phrases. Simplified access to digital assets should empower more users to participate in the evolving Web3 ecosystem.”
Fourth Quarter and Full Year Operational and Other Financial Highlights (Unaudited)
- Exchange provider processed volume -
$2.33 billion in Q4 2024, up172% from Q4 2023. Bitcoin, Tether (ETH Network), and Tether (TRX Network) were the top assets traded in Q4 2024, at37% ,25% , and24% of volume, respectively. - Exodus monthly active users1 - 2.3 million as of end of Q4 2024, up
64% from 1.4 million as of end of Q4 2023. - Digital assets and cash -
$264.7 million , including$190.1 million in bitcoin and ether and$68.4 million in cash and cash equivalents, USD Coin (USDC), and Treasury bills as of December 31, 2024. - Full-time equivalent team members - approximately 210 at 2024 year-end, an increase of approximately 20 from the prior year.
- Customer response time - average response time of less than 60 minutes in Q4.
“In Q4, we delivered improved profitability, demonstrating the operating leverage of our business model and the increasing adoption of our ecosystem,” said James Gernetzke, CFO of Exodus. “We are further encouraged by the early success of XO Swap, which contributed
Preliminary First Quarter 2025 Highlights (Unaudited):
We are providing preliminary first quarter 2025 highlights. These selected preliminary metrics have not been reviewed by Deloitte & Touche LLP, our independent registered public accounting firm, do not reflect our 2025 first quarter end results, are subject to completion of our fiscal quarter and our financial reporting processes, are based on information known by management as of the date of this press release, and do not represent a comprehensive statement of our financial results for the quarter ending March 31, 2025.
- Digital assets held as of February 28, 2025 consisted of over 2,000 bitcoin and over 2,660 ether (in units).
- Exchange provider processed volume was
$1.45 billion for the two-month period from January 1, 2025 through February 28, 2025. This amount exceeds the$1.35B volume recorded in the full prior year quarter, Q1 2024, a record-setting quarter at the time.
Q4 2024 Webcast
Exodus will host a webcast of its fourth quarter and full year ended December 31, 2024 results beginning at 4:30PM (Eastern Time) on March 3, 2025. To access the webcast, please use this link. It will also be available on the Company’s Investor Relations website exodus.com/investors. Supplementary materials will also be made available prior to the webcast on the “Investor Relations” portion of the Company website, and a replay of the video webcast will be available following the live event for at least 90 days thereafter.
Upcoming Conferences
Exodus plans to attend the following conferences:
- March 4th, 2025: Citizens JMP Technology Conference (San Francisco, CA)
Fireside chat at 2:30 PM PST/5:30 PM Eastern Time
JMP Technology Conference Webcast Link - March 5th, 2025: KeyBanc Emerging Technology Summit (San Francisco, CA)
Fireside chat at 10:00 AM PST/1:00 PM Eastern Time
KeyBanc Emerging Technology Summit Webcast Link
Investor Contact
investors@exodus.com
Disclosure Information
Exodus may use its website and the following social media outlets as distribution channels of material nonpublic information about the Company. Financial and other important information regarding the Company is routinely accessible through and posted on the following: websites exodus.com/investors and exodus.com/blog, and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.
Information Regarding Preliminary Metrics
Because the 2025 first quarter is ongoing, our results for the 2025 first quarter are not complete. Actual results following the completion of the fiscal quarter end may differ materially from the express selected preliminary metrics herein and any implied preliminary results because of the completion of the fiscal quarter end, our financial reporting processes and closing procedures, final adjustments and other developments after the date of this press release. In addition, these selected preliminary metrics should not be viewed as a substitute for our financial statements for the quarter ended March 31, 2025 that will be prepared in accordance with GAAP. Accordingly, you should not place undue reliance upon these preliminary metrics.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “expect,” “likely,” “believes,” “views”, “estimates”, or other comparable terminology. Forward-looking statements in this document include, but are not limited to, our preliminary financial information, including digital asset holdings, exchange provider processed volumes and our fiscal quarter end results, management statements regarding management’s confidence in our products, services, business trajectory and plans, expectations regarding demand for our products; and our ability to deliver higher transaction volumes. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Amendment No. 6 to our Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”) on November 27, 2024, as well as in our other reports filed with the SEC from time to time. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
________________________
1 Monthly active users as of December 31, 2024.
FAQ
What was Exodus Movement's (EXOD) revenue growth in 2024?
How much trading volume did EXOD's exchange provider process in Q4 2024?
What are the most traded assets on Exodus (EXOD) platform in Q4 2024?
How many monthly active users does Exodus (EXOD) have as of Q4 2024?
What is EXOD's current digital assets and cash position as of December 2024?
