secwatch.observer — SEC 8-K summary
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Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0000950170-25-106548
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000095017025106548/0000950170-25-106548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000095017025106548/exod-20250811.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-106548

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