Exodus Movement, Inc. Class A ( (EXOD) ) has released its Q4 earnings. Here is a breakdown of the information Exodus Movement, Inc. Class A presented to its investors.
Exodus Movement, Inc., a leading self-custodial cryptocurrency platform, specializes in providing seamless and secure digital asset ownership solutions. The company operates primarily in the cryptocurrency sector, offering innovative products that enhance user experience and security.
In its latest earnings report, Exodus Movement, Inc. announced a significant increase in revenue for the full year 2024, reaching $116.3 million, which marks a 107% growth compared to the previous year. The company also highlighted its achievements in product innovation and market position strengthening.
Key financial metrics revealed a substantial gain on digital assets, with a net gain of $96.1 million for the year, and a remarkable increase in exchange provider processed volume, which reached $2.33 billion in Q4 2024. The company’s monthly active users grew by 64% year-over-year, reaching 2.3 million by the end of Q4 2024. Additionally, the XO Swap feature contributed 12% of the revenue in the fourth quarter, showcasing its growing adoption.
Looking ahead, Exodus Movement, Inc. is optimistic about its continued momentum in 2025, driven by its strategic initiatives and product innovations. The company remains focused on enhancing transaction volumes and expanding its partnership ecosystem to further solidify its position in the evolving digital asset landscape.