---
schema_version: "secwatch.filing_event.v1"
accession: "0001821534-26-000008"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T14:59:45.803901+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Exodus Q4 revenue $29.5M (-34% YoY), net loss $53.2M; full year revenue record $121.6M

## Summary
- Full year 2025 revenue of $121.6M, up 5% YoY; swap volume $6.89B (+21%).
- Q4 net loss of $53.2M vs net income of $67.0M in Q4 2024; loss on digital assets of $63.6M.
- B2B channel XO Swap contributed 19% of Q4 revenue; $416M volume from B2B partners.
- Acquisition of W3C Corp (credit card issuance) on track; $70M USD set aside for closing.
- Preliminary Q1 2026: ~610 BTC, ~1,840 ETH; 1.6M monthly active users (up from 1.5M).

## SEC filing metadata
- accession: 0001821534-26-000008
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000182153426000008/0001821534-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000182153426000008/exod-20260311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821534-26-000008
- JSON: https://secwatch.observer/filing/0001821534-26-000008.json
- Plain text: https://secwatch.observer/filing/0001821534-26-000008.txt

## Key facts
- Earnings Releases
  Exodus Movement, Inc. reported the fourth quarter and full year ended December 31, 2025 results: revenue $121.6 million, net income $(11.4).
  - Period: the fourth quarter and full year ended December 31, 2025
  - Revenue: $121.6 million
  - Net income: $(11.4)
  - Result: reported results
  source text: --- March 11, 2026 Exodus Reports Fourth Quarter 2025 Results with Record Full Year Revenue B2B infrastructure continues to scale with record full year 2025 revenue of $121.6 million and full year swap volume up 21% to $6.89 billion OMAHA, Neb., March 11, 2026 (GLOBE NEWSWIRE) – Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus" or the "Company"), the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821534/000182153426000008/0001821534-26-000008-index.htm

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