Filing Flows › Exodus Movement (EXOD) › Q3 2025
Exodus Movement (EXOD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Exodus Movement (EXOD) reported revenue of $30.3M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +17% from the quarter before. Operating margin was 66.9%, net earnings $17.0M (56.2% of revenue).
Exodus Movement, Q3 2025: revenue $30.3M (+51% year over year), operating margin 66.9%, net earnings $17.0M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | +17% | +51% |
| Operating profit | $20.3M | -57% | — |
| Net earnings | $17.0M | -55% | 20× |
| Operating cash flow | −$4.8M | — | — |
What changed
Revenue was $30.3M in Q3 2025, up 51% year over year and up 17% from the previous quarter.
Operating profit was $20.3M, a 66.9% margin (up 67.2 points year over year). Net earnings were $17.0M, up 1921% year over year. The effective tax rate was 16.1%.
Operating cash flow was −$4.8M. Non-cash charges added back $853K of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $27.9M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$4.8M.
Questions
What was Exodus Movement's revenue in the third quarter 2025?
Exodus Movement (EXOD) reported revenue of $30.3M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +17% from the quarter before.
Was Exodus Movement profitable in the third quarter 2025?
Operating profit was $20.3M (66.9% of revenue) and net earnings $17.0M.
Source: Exodus Movement 10-Q on SEC EDGAR.