earnings
confidence high
sentiment negative
materiality 0.75
Exodus Q2 revenue $22.3M (+80% YoY); net loss $(9.6)M vs profit $1.9M
Exodus Movement, Inc.
- Revenue $22.3M, up 80% YoY; net loss $(9.6)M vs income $1.9M in Q2 2023.
- Adjusted EBITDA $5.8M (+43% YoY); operating loss $(14.7)M vs income $1.5M.
- Monthly active users 1.5M vs 1.2M; exchange aggregation revenue $19.9M (89.4% of total).
- Digital assets and cash $195.5M, incl. $121.3M in BTC/ETH and $70.7M cash, USDC, T-bills.
- CEO cites early B2B traction and launch of Passkeys product for developers.