EXOD 8-K
Exodus Movement, Inc. (EXOD)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition
On August 11, 2025, Exodus Movement, Inc. (the “Company”) issued a press release announcing the Company's financial and operating results for the quarter ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The information furnished herein pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Description |
99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EXODUS MOVEMENT, INC. |
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Date: |
August 11, 2025 |
By: |
/s/ James Gernetzke |
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James Gernetzke, Chief Financial Officer |
August 11, 2025
Exodus Reports Second Quarter 2025 Results
Second Quarter 2025 Revenue of $25.8 million; Net Income of $37.7 million
OMAHA, Neb., August 11, 2025 (GLOBE NEWSWIRE) – Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced its unaudited results for the second quarter ended June 30, 2025.
Second Quarter 2025 Financial Highlights (Unaudited)
In USD millions, except percentages |
Q2 2025 |
Q2 2024 |
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% Change |
Revenue |
$25.8 |
$22.3 |
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16% |
Technology, development and user support |
14.7 |
10.8 |
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36% |
General and administrative |
18.8 |
9.1 |
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107% |
(Gain) loss on digital assets, net |
(52.5) |
17.2 |
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(405%) |
Net income (loss) |
37.7 |
(9.6) |
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493% |
“As Bitcoin, stablecoins, and digital assets continue their global expansion, so does Exodus. Our products have the ability to reach a broad audience,” said JP Richardson, CEO and co-founder of Exodus.
Second Quarter Operational and Other Financial Highlights
“Stablecoins and Bitcoin are in the national spotlight as their utility and adoption are recognized,” said James Gernetzke, CFO of Exodus. “Placing these assets in the hands of consumers worldwide is gratifying work.”
Q2 2025 Webcast
Exodus will host a webcast of its second quarter 2025 fiscal results beginning at 4:30PM (Eastern Time) on August 11, 2025. To access the webcast, please use this link. It will also be carried on the Company’s website exodus.com/investors. Supplementary materials will also be made available prior to the webcast on the “Investor Relations” portion of the Company website, and a replay of the video webcast will be available following the live event for at least 90 days thereafter.
Upcoming Conferences
Exodus plans to attend the following events:
Tuesday, August 12 - KeyBanc Technology Leadership Forum (Deer Valley, UT)
Webcast Link - Fireside chat at noon ET (10:00 AM MT)
Wednesday, August 13th - Canaccord Genuity 45th Annual Growth Conference (Boston, MA)
Webcast Link - Fireside chat at 11:30 AM ET
Investor Contact
[email protected]
Media Contact
Ryan Dicovitsky/Diana Bost, Dukas Linden Public Relations
Disclosure Information
Exodus may use its website and the following social media outlets as distribution channels of material nonpublic information about the Company. Financial and other important information regarding the Company is routinely accessible through and posted on the following: websites exodus.com/investors and exodus.com, and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “expect,” “likely,” “believes,” “views”, “estimates”, or other comparable terminology. Forward-looking statements in this document include, but are not limited to, management statements regarding management’s confidence in our products, services, business trajectory and plans and expectations regarding demand for our products and the demand for and wide adoption and use of cryptocurrencies. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.