---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-069184"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:15:34.693046+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Exodus Q1 revenue $36M (+24% YoY); net loss $12.9M vs $54.8M profit

## Summary
- Revenue $36.0M, up 24% YoY; highest Q1 revenue ever.
- Net loss $12.9M vs net income $54.8M in Q1 2024, driven by $28.8M loss on digital assets.
- Monthly active users 1.6M, down 30% from Dec 2024; quarterly funded users 1.8M, down 5%.
- Digital assets, cash, equivalents $238.0M including 2,011 Bitcoin valued at $166.0M as of March 31.
- Exchange processed volume $2.18B, down 7% sequentially from Q4 2024.

## SEC filing metadata
- accession: 0000950170-25-069184
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000095017025069184/0000950170-25-069184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000095017025069184/exod-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-069184
- JSON: https://secwatch.observer/filing/0000950170-25-069184.json
- Plain text: https://secwatch.observer/filing/0000950170-25-069184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.