---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-106548"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:40:02.342725+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Exodus Q2 net income $37.7M on $25.8M revenue; volume down 37% QoQ

## Summary
- Revenue $25.8M, up 16% YoY; net income $37.7M vs loss of $9.6M in Q2 2024.
- Net income driven by $52.5M gain on digital assets; G&A jumped 107% to $18.8M.
- Exchange volume $1.38B, down 37% from Q1 2025; funded users 1.7M, up 13% YoY.
- Digital assets and liquid assets $291.2M including 2,058 BTC ($220.5M) and $58.1M cash.
- Monthly active users 1.5M, flat YoY; team size ~210, unchanged.

## SEC filing metadata
- accession: 0000950170-25-106548
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000095017025106548/0000950170-25-106548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000095017025106548/exod-20250811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-106548
- JSON: https://secwatch.observer/filing/0000950170-25-106548.json
- Plain text: https://secwatch.observer/filing/0000950170-25-106548.txt

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