Exodus Posts Record Q1 Revenue, Bitcoin Holdings Reach 2,011 BTC

Exodus Movement, Inc. (NYSE American: EXOD) reported record Q1 2025 revenue of $36.0 million, up 24% YoY, driven by product innovation and self-custody demand. The company now holds 2,011 BTC (valued at $166.0 million), an increase of 70 BTC since Dec 31, 2024. Despite a 30% drop in monthly active users to 1.6 million, funded users reached 1.8 million and exchange volume hit $2.18 billion. Net loss of $12.9 million (vs. $54.8M net income in Q1 2024) was largely due to a $28.8M digital asset impairment loss. Management remains optimistic, citing strong positioning for future growth.