Filing Flows › Exodus Movement (EXOD) › Q1 2025
Exodus Movement (EXOD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Exodus Movement (EXOD) reported revenue of $36.0M for the first quarter 2025 (Q1 2025), +24% from a year earlier and -20% from the quarter before. Operating margin was -60.4%, net loss $12.9M (35.8% of revenue).
Exodus Movement, Q1 2025: revenue $36.0M (+24% year over year), operating margin -60.4%, net loss $12.9M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.0M | -20% | +24% |
| Operating profit | −$21.7M | -129% | — |
| Net earnings | −$12.9M | -119% | — |
| Operating cash flow | −$6.2M | — | — |
What changed
Revenue was $36.0M in Q1 2025, up 24% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $21.7M, an operating margin of -60.4%. The quarter ended with a net loss of $12.9M, after a profit of $66.9M the previous quarter.
Operating cash flow was −$6.2M. Non-cash charges added back $1.0M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $51K exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Exodus Movement's revenue in the first quarter 2025?
Exodus Movement (EXOD) reported revenue of $36.0M for the first quarter 2025 (Q1 2025), +24% from a year earlier and -20% from the quarter before.
Was Exodus Movement profitable in the first quarter 2025?
Operating loss was $21.7M (-60.4% of revenue) and net loss $12.9M.
Source: Exodus Movement 10-Q on SEC EDGAR.