Exodus Movement, Inc. (EXOD) Income Statement
EXOD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEXOD revenue and net income
Where EXOD's revenue goes
2025Each bar shows an amount and its share of revenue. EXOD kept −9.3% of revenue as net income.
EXOD profit margins
EXOD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.4% | +33.9% | +41.7% | — |
| Gross profit | −50.1% | +38.8% | +36.3% | — |
| Operating income | −124.0% | — | — | — |
| Net income | −110.1% | — | — | — |
| EPS (diluted) | −90.3% | — | +2.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EXOD quarterly EPS vs estimates
Exodus Movement beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 9, 2026 (estimate $-0.03).
EXOD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $121.6M | $117.5M | $56.3M | $50.6M | $95.8M | $21.3M | $7.9M |
| Cost of revenue | $62.9M | $46.0M | $30.5M | $28.7M | $22.7M | $8.8M | $6.6M |
| Gross profit | $58.6M | $117.5M | $25.7M | $21.9M | $73.1M | $12.4M | $1.3M |
| Research & development | $62.9M | $46.0M | — | — | $8.1M | $3.5M | $3.0M |
| Sales, general & admin | $66.3M | $39.5M | $18.5M | $28.1M | $22.0M | $3.8M | $2.2M |
| Total operating expenses | $66.3M | $85.5M | $18.5M | $46.9M | $28.6M | $8.0M | $4.6M |
| Operating income | −$7.7M | $32.0M | $7.2M | −$25.0M | $44.5M | $4.4M | −$3.3M |
| Interest income | $4.9M | $3.3M | $2.2M | — | — | — | — |
| Interest expense | $570,000 | $0 | — | — | $0 | $6,000 | $3,000 |
| Income before taxes | −$20.7M | $130.9M | $10.9M | −$24.1M | −$15.9M | $9.5M | −$175,000 |
| Income taxes | −$9.3M | $17.9M | −$1.9M | −$946,000 | $6.0M | $1.3M | $55,000 |
| Net income | −$11.4M | $113.0M | $12.8M | −$23.1M | −$21.9M | $8.2M | −$230,000 |
| EBITDA | −$16.3M | $136.2M | $15.5M | −$2.7M | $51.5M | $7.0M | −$1.5M |
| EPS (diluted) | $0.34 | $3.49 | $0.41 | −$0.33 | −$0.87 | $0.30 | — |
| Gross margin | 48.2% | 100.0% | 45.8% | 43.3% | 76.3% | 58.6% | 16.4% |
| Operating margin | −6.3% | 27.2% | 12.9% | −49.3% | 46.4% | 20.7% | −42.2% |
| Net margin | −9.3% | 96.1% | 22.7% | −45.7% | −22.9% | 38.5% | −2.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.2M | $22.7M | $29.4M | $30.3M | $25.8M | $36.0M | $46.0M | $20.1M | $22.3M | $29.1M | $18.5M | $12.0M |
| Cost of revenue | $20.3M | $16.2M | $16.3M | $17.0M | $14.7M | $14.9M | $13.2M | $11.3M | $10.8M | $10.7M | $8.8M | $7.7M |
| Gross profit | $5.9M | $6.5M | $13.1M | $13.4M | $11.1M | $36.0M | $32.8M | $8.8M | $11.5M | $18.4M | $9.7M | $4.2M |
| Research & development | — | $16.2M | $33.3M | — | $14.7M | $14.9M | $46.0M | — | — | — | $7.1M | — |
| Sales, general & admin | $44.7M | $15.5M | $18.3M | $14.9M | $18.8M | $14.3M | $13.9M | $8.5M | $9.1M | $8.1M | $4.7M | $4.6M |
| Total operating expenses | $27.6M | $15.5M | $18.3M | $14.9M | $18.8M | $29.2M | $13.9M | $8.8M | $26.3M | −$48.7M | $3.0M | $5.0M |
| Operating income | −$21.7M | −$9.0M | −$5.2M | −$1.5M | −$7.7M | $6.8M | $18.9M | −$52,000 | −$14.7M | $67.1M | $6.7M | −$713,000 |
| Interest income | $1.4M | $4.9M | $2.7M | $599,000 | $586,000 | $1.0M | $647,000 | $1.0M | $695,000 | $947,000 | $459,000 | $811,000 |
| Interest expense | $261,000 | — | $570,000 | — | $0 | — | — | — | — | — | — | — |
| Income before taxes | −$21.7M | −$40.8M | −$66.7M | $20.3M | $47.5M | −$21.7M | $75.4M | $951,000 | −$13.5M | $68.0M | $7.4M | −$73,000 |
| Income taxes | −$3.1M | −$8.7M | −$13.5M | $3.3M | $9.8M | −$8.9M | $8.5M | $108,000 | −$3.9M | $13.2M | −$2.9M | $178,000 |
| Net income | −$18.6M | −$32.1M | −$53.2M | $17.0M | $37.7M | −$12.9M | $66.9M | $843,000 | −$9.6M | $54.8M | $10.4M | −$251,000 |
| EBITDA | −$20.0M | −$40.0M | −$16.8M | $21.2M | $48.5M | −$20.7M | $76.9M | $426,000 | $5.0M | $11.5M | $5.9M | −$171,000 |
| EPS (diluted) | −$0.62 | $0.01 | $0.25 | −$0.02 | −$0.09 | $0.20 | $2.08 | $0.03 | −$0.37 | $1.75 | $0.33 | −$0.01 |
| Gross margin | 22.5% | 28.6% | 44.5% | 44.0% | 43.0% | 100.0% | 71.3% | 43.7% | 51.7% | 63.2% | 52.4% | 35.4% |
| Operating margin | −82.9% | −39.4% | −17.7% | −5.0% | −29.9% | 18.8% | 41.0% | −0.3% | −66.1% | 230.9% | 36.2% | −6.0% |
| Net margin | −71.0% | −141.3% | −181.0% | 56.2% | 145.8% | −35.8% | 145.4% | 4.2% | −43.1% | 188.5% | 56.3% | −2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EXOD's financial statements (latest annual report filed March 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EXOD financial results
In fiscal year 2025 (ended December 31, 2025), Exodus Movement reported revenue of $121.6 million, up 3.4% from the year before. It had a net loss of $11.4 million, a net profit margin of −9.3%. Diluted earnings per share came to $0.34. Over five years revenue grew at an average rate of 41.7% a year.
See the EXOD stock overview for the latest quote and news, or the EXOD chart for price history and technical indicators.
EXOD income statement FAQ
What is Exodus Movement's annual revenue?
Exodus Movement reported total revenue of $121.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.4% from $117.5 million the previous year.
Is Exodus Movement profitable?
No. Exodus Movement reported a net loss of $11.4 million in fiscal 2025, a net profit margin of −9.3%; its operating margin was −6.3%.
What is Exodus Movement's gross margin?
Exodus Movement's gross margin was 48.2% in fiscal 2025: for every $100 of revenue, Exodus Movement kept $48 after the direct cost of its products and services.
How much does Exodus Movement spend on research and development?
Exodus Movement spent $62.9 million on research and development in fiscal 2025, 51.8% of revenue.
How fast is Exodus Movement growing?
Revenue grew 41.7% a year on average over the last five fiscal years, from $21.3 million to $121.6 million.
What are Exodus Movement's earnings per share?
Exodus Movement earned $0.34 per diluted share in fiscal 2025, compared with $3.49 a year earlier.
When will Exodus Movement report its next earnings?
Exodus Movement is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Exodus Movement's fiscal year end?
Exodus Movement's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 11, 2026.