secwatch.observer — SEC 8-K summary
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Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000950170-24-095514
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exodus Q2 revenue $22.3M (+80% YoY); net loss $(9.6)M vs profit $1.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000095017024095514/0000950170-24-095514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000095017024095514/exod-20240812.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer