Filing Flows › Exodus Movement (EXOD) › Q2 2025
Exodus Movement (EXOD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Exodus Movement (EXOD) reported revenue of $25.8M for the second quarter 2025 (Q2 2025), +16% from a year earlier and -28% from the quarter before. Operating margin was 183.8%, net earnings $37.7M (145.8% of revenue).
Exodus Movement, Q2 2025: revenue $25.8M (+16% year over year), operating margin 183.8%, net earnings $37.7M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.8M | -28% | +16% |
| Operating profit | $47.5M | — | — |
| Net earnings | $37.7M | — | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $25.8M in Q2 2025, up 16% year over year and down 28% from the previous quarter.
Operating profit was $47.5M, a 183.8% margin (up 249.9 points year over year). Net earnings were $37.7M. The effective tax rate was 20.6%.
Operating cash flow was −$5.3M. Non-cash charges added back $1.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $47.0M. Capital expenditures of $92K exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Exodus Movement's revenue in the second quarter 2025?
Exodus Movement (EXOD) reported revenue of $25.8M for the second quarter 2025 (Q2 2025), +16% from a year earlier and -28% from the quarter before.
Was Exodus Movement profitable in the second quarter 2025?
Operating profit was $47.5M (183.8% of revenue) and net earnings $37.7M.
Source: Exodus Movement 10-Q on SEC EDGAR.