Exodus Motion, Inc. (NYSE American: EXOD), a number one self-custodial Bitcoin and cryptocurrency platform, has introduced unaudited monetary outcomes for Q1 2025, showcasing record-setting income and a notable improve in digital asset holdings.
In its strongest first quarter but, Exodus reported $36.0 million in income, up 24% from $29.1 million in Q1 2024. The corporate attributed the expansion to continued product innovation and demand for self-custody options. “Exodus continues to offer innovative solutions that capitalize on the growing market for digital assets,” mentioned JP Richardson, CEO and co-founder. “Meanwhile, our focus on self-custody remains a difference-maker.”
Along with the income milestone, the corporate now holds 2,011 BTC, in accordance with its Q1 submitting—a rise of 70 BTC since December 31, 2024. The bitcoin holdings are valued at $166.0 million, comprising the majority of the corporate’s $238.0 million in digital property, money, and money equivalents. The corporate additionally holds 2,693 ETH valued at $4.9 million and $62.8 million in USD Coin and Treasury payments.
Regardless of a decline in person exercise—month-to-month lively customers dropped 30% to 1.6 million—Exodus maintained a robust person base, with 1.8 million funded customers by quarter finish. Trade quantity processed in Q1 totaled $2.18 billion.
Bills rose considerably, with know-how, growth, and person help up 39% to $14.9 million, and common and administrative prices up 79% to $14.3 million. Exodus posted a web lack of $12.9 million, in comparison with a $54.8 million web revenue in Q1 2024, largely as a result of a $28.8 million loss on digital property.
Nonetheless, Exodus management stays optimistic. “Q1 saw our highest first quarter revenue and second best revenue quarter on record,” mentioned James Gernetzke, CFO. “With an abundance of opportunities at our doorstep, Exodus is well-positioned to expand within our industry and beyond, well into the future.”
A webcast to debate Q1 outcomes will likely be held at 4:30 PM ET on Might 12, obtainable at exodus.com/traders.
