Exodus Movement, Inc. reports strong financial performance in Q4 2024 and full year 2024
From GlobeNewswire: 2025-03-03 16:17:36
Exodus Movement, Inc. reported a preliminary full year revenue of $116.3 million for fiscal 2024, showing a 107% increase from fiscal 2023. In the fourth quarter, the company achieved record revenue and significant product innovation milestones. The expansion of partnerships and the momentum of XO Swap highlight the demand for self-custody solutions. Q4 2024 saw the exchange provider process $2.33 billion in volume, with Bitcoin, Tether (ETH Network), and Tether (TRX Network) being the top assets traded. Additionally, Exodus had 2.3 million monthly active users and digital assets totaling $264.7 million at the end of 2024.
The company’s CFO, James Gernetzke, noted improved profitability in Q4 and the success of XO Swap contributing 12% of revenue. For the first quarter of 2025, Exodus reported holding over 2,000 bitcoin and 2,660 ether. Preliminary metrics show an exchange provider processed volume of $1.45 billion from January 1, 2025, through February 28, 2025. These highlights are subject to review and completion. The company will be hosting a webcast of its Q4 and full-year results on March 3, 2025, with supplementary materials available on its Investor Relations website. Exodus plans to attend upcoming conferences and encourages investors to contact them for more information.
Read more at GlobeNewswire: Exodus Reports Fourth Quarter and Full Year 2024