Exodus Movement, Inc. announced its preliminary financial results for the fourth quarter and full year ended December 31, 2024, on March 3, 2025. The company reported a record full year revenue of $116.3 million for fiscal 2024, marking a substantial 107% increase compared to fiscal 2023.
For the fourth quarter of 2024, Exodus achieved revenues of $40.4 million, representing a 143% year-over-year increase, and reported a net income of $1.2 million, a significant turnaround from a net loss of $1.1 million in Q4 2023. CFO James Gernetzke highlighted improved profitability, demonstrating the operating leverage of the business model.
CEO JP Richardson noted that Q4 milestones included advancements in product innovation and strengthened market position, with XO Swap contributing 12% of revenue. The company also provided preliminary first quarter 2025 highlights, indicating exchange provider processed volume of $444 million through April 30th and a solid start to May. Monthly active users stood at 1.6 million as of December 31, 2024.
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