secwatch.observer — SEC 8-K summary
======================================

Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000950170-25-069184
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000095017025069184/0000950170-25-069184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000095017025069184/exod-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-069184

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