Exodus Movement, Inc. Reports Impressive Year-End Results

Overview of Exodus Movement's Financial Performance

Exodus Movement, Inc. (NYSE: EXOD), a pioneer in self-custodial cryptocurrency solutions, has recently revealed its exceptional performance for the fourth quarter and the full fiscal year wrapping up December 31, 2024. The company's revenue soared to $116.3 million for the entire fiscal year, marking a remarkable increase of 107% from the previous year.

Fourth Quarter Highlights

In the fourth quarter alone, Exodus reported a substantial revenue of $44.8 million, which is a striking 143% increase compared to Q4 of 2023. This growth reflects the increasing adoption and demand for Exodus’ innovative solutions in the rapidly evolving cryptocurrency market.

Key Financial Metrics

Below is a summary of notable financial highlights for both the fourth quarter and the complete fiscal year of 2024:

• 4th Quarter Revenue: $44.8 million, up from $18.5 million in Q4 2023.
• Full Year Revenue: $116.3 million, compared to $56.2 million in 2023.
• Gain on Digital Assets: $56.9 million in Q4 2024, an increase from $1.1 million in the same period last year.
• Exchange Provider Processed Volume: $2.33 billion, a 172% increase from the previous year's Q4.
• Monthly Active Users: Grew to 2.3 million at the end of Q4, representing a 64% increase year-over-year.

Commitment to Innovation

CEO JP Richardson emphasized that the remarkable growth in revenue and active users showcases Exodus’s relentless dedication to product innovation and enhancing user experience. The ongoing development of features like XO Swap highlights the growing market demand for self-custody solutions that prioritize security and transparency.

Revolutionizing User Experiences

Exodus also introduced its Passkeys Wallet, aiming to streamline user onboarding and eliminate traditional barriers like passwords. This innovation is expected to empower more individuals to engage with digital assets effortlessly, aligning with the enhancing trends within the Web3 ecosystem.

Future Outlook and Preliminary Q1 2025 Highlights

Looking ahead, Exodus provided key insights into its preliminary metrics for the first quarter of 2025. Although these figures have not undergone final audits, they reflect an optimistic beginning to the year:

• Digital assets held have surpassed 2,000 bitcoin and over 2,660 ether as of the end of February.
• Processed volume from exchange providers reached $1.45 billion for the first two months, exceeding the full prior year’s record for Q1 2024.

Engaging with Shareholders

Exodus will be hosting a webcast at 4:30 PM Eastern Time to discuss these financial outcomes and share further insights into its operations and strategy going forward. This platform allows shareholders and interested parties to hear directly from the company’s leadership about its future directions and community impact.

Upcoming Events

Further engagement with the investment community includes multiple upcoming conferences. Among these are:

• Citizens JMP Technology Conference on March 4, 2025, featuring a fireside chat.
• KeyBanc Emerging Technology Summit on March 5, 2025, where the company will participate in discourse surrounding digital innovation.

Contact Information for Investors

For investor inquiries, parties can reach out directly through investors@exodus.com.

Frequently Asked Questions

What are the key financial results for Exodus in 2024?

Exodus reported a record revenue of $116.3 million for the year, marking a 107% increase compared to 2023.

How did Exodus perform in the fourth quarter of 2024?

The fourth quarter saw revenues of $44.8 million, which is a 143% increase from the same period in the prior year.

What innovations did Exodus introduce in 2024?

Exodus launched the Passkeys Wallet to enhance user experience and simplify access to digital assets.

How many active users does Exodus have as of December 2024?

As of the end of December 2024, Exodus had 2.3 million monthly active users.

What does the outlook look like for Exodus in 2025?

Preliminary metrics for Q1 2025 indicate continued growth, with exchange volume already surpassing prior year records.

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