Exodus Movement (EXOD) Company presentation summary

Business overview and mission

• Provides a self-custodial, multichain digital wallet supporting crypto, DeFi, and NFTs, with over 21,000 digital assets and $16B in exchange volume as of September 2024.

• Mission is to empower individuals to control their lives in a digital world.

• Headquartered in Omaha, NE, with 200+ full-time team members and two-thirds of users based internationally.

Financial performance and balance sheet

• Revenue reached $71.5M for the first nine months of 2024, with a durable operating model across market cycles.

• Q3 2024 revenue was $20.1M, up from $12.0M in Q3 2023; exchange provider processed volume rose 69% year-over-year to $0.96B.

• Maintains a healthy balance sheet with ~$195M in cash, treasury bills, and digital assets, including $114M in Bitcoin and $43.2M in US Treasury bills as of September 30, 2024.

• No debt reported, providing flexibility for investments and M&A.

Revenue model and user metrics

• Revenue is primarily generated from third-party API providers, with 91% from exchange aggregation and 9% from other sources in 2024.

• Monthly active users reached 1.6 million in Q3 2024, up from 1.1 million a year earlier.

• Top traded assets in Q3 2024 were Bitcoin, Tether (TRX and ETH networks), and Ethereum.