Exodus Movement Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw revenue and user declines due to weak crypto markets, but major acquisitions of Monavate and Baanx diversified revenue streams. Exodus Pay launched broadly, and a UFC partnership is set to boost global reach. Integration and payments expansion are key priorities.
Fiscal Year 2025
-
2025 saw a strategic pivot toward payments and B2B infrastructure, with revenue up 5% to $121.6M despite a challenging Q4. Key acquisitions, product launches, and AI-driven initiatives set the stage for diversified growth in 2026.
-
The acquisition of W3C, Monavate, and Baanx creates a unified, self-custodial payments platform, expanding capabilities in card issuance, stablecoin transactions, and merchant processing. The deal is expected to diversify revenue, improve margins, and position the platform for significant growth in both crypto and traditional payments.
-
Q3 revenue grew 51% year-over-year to $30.3 million, driven by higher digital asset prices and expanding B2B partnerships. The Grateful acquisition accelerates stablecoin payment solutions, with launches in Argentina and Uruguay next month.
-
The session highlighted strong revenue growth, a robust treasury, and global user expansion, driven by product innovation and major partnerships like MetaMask. The company is advancing wallet technology, supporting cross-chain swaps, and pioneering tokenized equity, positioning itself for the future of digital assets and stablecoin adoption.
-
Panelists highlighted rapid convergence of TradFi and DeFi, the inevitability of global regulation, and the proliferation of tokenized assets and stablecoins. Consolidation, technological innovation, and generational shifts are driving adoption, with institutions and nimble players best positioned to capitalize.
-
Q2 revenue grew 16% year-over-year to $26M, driven by product adoption and market momentum. Key developments included the MetaMask partnership, XO Pay launch, and strong stablecoin demand. The company remains debt-free, with $291M in liquid assets and a focus on scaling wallet adoption.
-
Q1 revenue rose 24% year-over-year to $36 million, driven by ExoSwap's growing contribution and new partnerships. Despite crypto market volatility and a decline in user activity, the company maintains a strong balance sheet and is positioned for further growth and industry consolidation.
Fiscal Year 2024
-
Record Q4 and full-year revenue were driven by strong user growth, product launches like XO Swap and Passkeys wallet, and expanding partnerships. The company remains debt-free, increased its Bitcoin holdings, and benefited from favorable crypto market conditions.
-
A global digital wallet provider supports over 21,000 assets and 20+ blockchains, with a self-custodial model and strong transparency. Exchange aggregation drives 90% of revenue, and growth is fueled by partnerships, a robust Bitcoin treasury, and plans to uplist.
-
Q3 2024 saw 68% year-over-year revenue growth to $20.1 million and a net income of $0.8 million, driven by strong user activity, new partnerships, and product innovation. Exchange aggregation remained the core revenue driver, and the company ended the quarter with $194.6 million in digital and liquid assets, no debt.
-
Revenue rose 80% year-over-year to $22.3M in Q2, with strong B2B momentum and new partnerships. Net loss was $9.6M due to digital asset remeasurement, but Adjusted EBITDA margin remained robust at 26%. B2C leads revenue, while B2B and product innovation drive future growth.