Exodus Movement (EXOD) Company Presentation summary

Business overview

• Operates a self-custodial, multichain digital wallet supporting over 100,000 digital assets and 40+ blockchain networks.

• Serves 2.3 million monthly active users as of December 31, 2024, with two-thirds being international.

• Facilitates $19 billion in exchange volume since inception in 2017.

• Listed on NYSE American and headquartered in Omaha, NE.

• Employs 210 full-time equivalent team members.

Financial performance and balance sheet

• Generated $116.3 million in revenue for 2024, up from $44.8 million in 2023.

• Maintains $265 million in assets and no debt as of December 31, 2024.

• Balance sheet includes $181.2M in Bitcoin, $30.5M in US Treasury bills, $37.9M in cash/cash equivalents/USDC, $8.8M in Ether, and $6.3M in other digital assets.

• Bitcoin holdings have grown annually, reaching 1,941 BTC by year-end 2024.

Revenue model and user metrics

• About 85% of revenue comes from exchange aggregation, 7% from partnerships, and 8% from transaction fees and subscriptions.

• Revenue is primarily driven by user interactions with third-party API providers; Exodus does not touch user funds.

• Monthly active users increased from 1.4M in Q4 2023 to 2.3M in Q4 2024.