Filing Flows › Exodus Movement (EXOD) › Q4 2024
Exodus Movement (EXOD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
Exodus Movement (EXOD) reported revenue of $44.8M for the fourth quarter 2024 (Q4 2024), +143% from a year earlier and +123% from the quarter before. Operating margin was 168.4%, net earnings $66.9M (149.4% of revenue).
Exodus Movement, Q4 2024: revenue $44.8M (+143% year over year), operating margin 168.4%, net earnings $66.9M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.8M | +123% | +143% |
| Operating profit | $75.4M | — | +913% |
| Net earnings | $66.9M | 79× | +544% |
| Operating cash flow | −$5.2M | — | — |
What changed
Revenue was $44.8M in Q4 2024, up 143% year over year and up 123% from the previous quarter.
Operating profit was $75.4M, a 168.4% margin (up 128.1 points year over year). Of the extra revenue versus a year earlier, 258% reached operating profit, above the 40% margin then. Net earnings were $66.9M, up 544% year over year. The effective tax rate was 11.3%.
Operating cash flow was −$5.2M. Non-cash charges added back $1.5M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $75.0M. Capital expenditures of $45K exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Exodus Movement's revenue in the fourth quarter 2024?
Exodus Movement (EXOD) reported revenue of $44.8M for the fourth quarter 2024 (Q4 2024), +143% from a year earlier and +123% from the quarter before.
Was Exodus Movement profitable in the fourth quarter 2024?
Operating profit was $75.4M (168.4% of revenue) and net earnings $66.9M.
Source: Exodus Movement 10-K on SEC EDGAR.