Exodus Movement, Inc.
EXOD NYSE Finance Services Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
$122M
4.5%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
−$11.4M
110.1%
Free cash flow
Cash from operations minus capital spending.
−$25.8M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Exodus Movement, Inc. does
No business description yet.
- Legal name
- Exodus Movement, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 11, 2026
- Accession · CIK
- 0001821534-26-000009
0001821534
Revenue and margins
Exodus Movement, Inc. had $122M of revenue in fiscal 2025, up 4.5% on the year before.
FY23
Revenue $56.2M
FY24
Revenue $116M
FY25
Revenue $122M
Q3 '23
Revenue $12.0M
Q4 '23
Revenue $18.5M
Q1 '24
Revenue $29.1M
Q2 '24
Revenue $22.3M
Q3 '24
Revenue $20.1M
Q4 '24
Revenue $44.8M
Q1 '25
Revenue $36.0M
Q2 '25
Revenue $25.8M
Q3 '25
Revenue $30.3M
Q4 '25
Revenue $29.4M
Q1 '26
Revenue $22.7M
Q2 '26
Revenue $26.2M
FY23
Gross —
Operating —
Net 22.8%
FCF 1.1%
FY24
Gross —
Operating —
Net 97.1%
FCF −10.6%
FY25
Gross —
Operating —
Net −9.3%
FCF −21.2%
Gross
Operating
Net
FCF
Q3 '23
Gross 35.4%
Operating −6.0%
Net −2.1%
FCF 7.2%
Q4 '23
Gross —
Operating —
Net 56.3%
FCF −12.3%
Q1 '24
Gross 63.2%
Operating 230.9%
Net 188.5%
FCF 1.0%
Q2 '24
Gross 51.7%
Operating −66.1%
Net −43.1%
FCF −10.8%
Q3 '24
Gross 43.7%
Operating −0.3%
Net 4.2%
FCF −24.5%
Q4 '24
Gross —
Operating —
Net 149.4%
FCF −11.8%
Q1 '25
Gross —
Operating —
Net −35.8%
FCF −17.3%
Q2 '25
Gross —
Operating —
Net 145.8%
FCF −20.7%
Q3 '25
Gross —
Operating —
Net 56.2%
FCF −16.0%
Q4 '25
Gross —
Operating —
Net −181.0%
FCF −32.0%
Q1 '26
Gross —
Operating —
Net −141.3%
FCF −11.5%
Q2 '26
Gross —
Operating —
Net −71.0%
FCF −189.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY23
Net income $12.8M
FY24
Net income $113M
FY25
Net income −$11.4M
Q3 '23
Net income −$0.3M
Q4 '23
Net income $10.4M
Q1 '24
Net income $54.8M
Q2 '24
Net income −$9.6M
Q3 '24
Net income $0.8M
Q4 '24
Net income $66.9M
Q1 '25
Net income −$12.9M
Q2 '25
Net income $37.7M
Q3 '25
Net income $17.0M
Q4 '25
Net income −$53.2M
Q1 '26
Net income −$32.1M
Q2 '26
Net income −$18.6M
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital —
Return on equity 12.3%
Return on assets 11.4%
FY24
Return on capital —
Return on equity 62.5%
Return on assets 56.5%
FY25
Return on capital —
Return on equity −4.5%
Return on assets −4.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$25.8M in fiscal 2025, −21.2% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow $0.6M
FY24
Free cash flow −$12.3M
FY25
Free cash flow −$25.8M
Q3 '23
Free cash flow $0.9M
Q4 '23
Free cash flow −$2.3M
Q1 '24
Free cash flow $0.3M
Q2 '24
Free cash flow −$2.4M
Q3 '24
Free cash flow −$4.9M
Q4 '24
Free cash flow −$5.3M
Q1 '25
Free cash flow −$6.2M
Q2 '25
Free cash flow −$5.4M
Q3 '25
Free cash flow −$4.8M
Q4 '25
Free cash flow −$9.4M
Q1 '26
Free cash flow −$2.6M
Q2 '26
Free cash flow −$49.6M
FY23
Cash from operations $0.7M
Capital spending $0.1M
FY24
Cash from operations −$12.0M
Capital spending $0.3M
FY25
Cash from operations −$25.6M
Capital spending $0.3M
Cash from operations
Capital spending
Q3 '23
Cash from operations $0.9M
Capital spending $0.0M
Q4 '23
Cash from operations −$2.2M
Capital spending $0.0M
Q1 '24
Cash from operations $0.5M
Capital spending $0.2M
Q2 '24
Cash from operations −$2.4M
Capital spending $0.0M
Q3 '24
Cash from operations −$4.9M
Capital spending $0.0M
Q4 '24
Cash from operations −$5.2M
Capital spending $0.0M
Q1 '25
Cash from operations −$6.2M
Capital spending $0.1M
Q2 '25
Cash from operations −$5.3M
Capital spending $0.1M
Q3 '25
Cash from operations −$4.8M
Capital spending $0.0M
Q4 '25
Cash from operations −$9.3M
Capital spending $0.1M
Q1 '26
Cash from operations −$2.6M
Capital spending $0.0M
Q2 '26
Cash from operations −$49.5M
Capital spending $0.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Exodus Movement, Inc. returned $15.1M to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY23
Dividends —
Buybacks $0.7M
FY24
Dividends —
Buybacks $5.4M
FY25
Dividends —
Buybacks $15.1M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks $0.2M
Q4 '23
Dividends —
Buybacks $0.2M
Q1 '24
Dividends —
Buybacks $0.3M
Q2 '24
Dividends —
Buybacks $0.9M
Q3 '24
Dividends —
Buybacks $1.5M
Q4 '24
Dividends —
Buybacks $2.7M
Q1 '25
Dividends —
Buybacks $5.6M
Q2 '25
Dividends —
Buybacks $4.2M
Q3 '25
Dividends —
Buybacks $2.9M
Q4 '25
Dividends —
Buybacks $2.3M
Q1 '26
Dividends —
Buybacks $1.3M
Q2 '26
Dividends —
Buybacks $0.7M
Dividends
Buybacks
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Exodus Movement, Inc. can carry it.
FY23
Cash $11.4M
Debt —
FY24
Cash $37.9M
Debt —
FY25
Cash $4.9M
Debt —
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $11.4M | $37.9M | $4.9M |
| Current ratio | 7.9x | 9.9x | 13.5x |
| Quick ratio | 7.9x | 9.9x | 13.5x |
| Total assets | $112M | $288M | $267M |
| Total liabilities | $8.0M | $30.5M | $19.4M |
| Shareholders' equity | $104M | $258M | $247M |
| Net debt (− = net cash) | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ |
| Cash from operations is positive | ✓ | ✕ | ✕ |
| Return on assets rose | — | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✕ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | — | ✓ | ✓ |
| Share count didn't rise | — | — | — |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✓ |
| F-score | — / 3 | — / 6 | — / 6 |
| Accruals ratio | 10.8% | 62.5% | 5.1% |
| Altman Z'' | — | — | — |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $56.2M | $116M | $122M |
| Interest expense | — | $0.0M | $0.6M |
| Pretax income | $10.9M | $131M | −$20.7M |
| Income tax | −$1.9M | $17.9M | −$9.3M |
| Net income | $12.8M | $113M | −$11.4M |
| Cash flow | |||
| Cash from operations | $0.7M | −$12.0M | −$25.6M |
| Capital expenditure | $0.1M | $0.3M | $0.3M |
| Free cash flow | $0.6M | −$12.3M | −$25.8M |
| Depreciation and amortization | $4.6M | $5.3M | $3.8M |
| Stock-based compensation | $5.8M | $6.6M | $13.6M |
| Share buybacks | $0.7M | $5.4M | $15.1M |
| Dividends and buybacks | $0.7M | $5.4M | $15.1M |
| Balance sheet | |||
| Cash and short-term investments | $11.4M | $37.9M | $4.9M |
| Current assets | $59.7M | $82.8M | $99.3M |
| Current liabilities | $7.5M | $8.3M | $7.4M |
| Property and equipment, net | $0.3M | $0.4M | $0.5M |
| Goodwill | — | — | $0.0M |
| Intangible assets | $8.1M | $6.1M | $4.9M |
| Total assets | $112M | $288M | $267M |
| Total liabilities | $8.0M | $30.5M | $19.4M |
| Preferred stock | — | $0.0M | $0.0M |
| Shareholders' equity | $104M | $258M | $247M |
| Margins | |||
| Net margin | 22.8% | 97.1% | −9.3% |
| FCF margin | 1.1% | −10.6% | −21.2% |
| Returns | |||
| Return on equity | 12.3% | 62.5% | −4.5% |
| Return on assets | 11.4% | 56.5% | −4.1% |
| Return on tangible equity | 13.4% | 44.9% | −4.7% |
| Growth | |||
| Revenue growth | — | 106.9% | 4.5% |
| Net income growth | — | 783.5% | −110.1% |
| FCF growth | — | −2,070.4% | — |
| Financial health | |||
| Current ratio | 7.9x | 9.9x | 13.5x |
| Quick ratio | 7.9x | 9.9x | 13.5x |
| Capital allocation | |||
| Capex / revenue | 0.1% | 0.2% | 0.2% |
| Stock comp / revenue | 10.3% | 5.7% | 11.2% |
| Payouts / FCF | 114.4% | — | — |
| Quality scores | |||
| Accruals ratio | 10.8% | 62.5% | 5.1% |
Source: SEC EDGAR XBRL filings (CIK 0001821534). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.