Exodus, Inc. (NYSE American: Exod), which is the Bitcoin and Cryptocurrency Plastic platform Financial results for the first quarter 2025Display the revenue of the records of the records and a noticeable increase in the possession of digital assets.
In the strongest first quarter so far, EXODUS has recorded $ 36.0 million of revenues, an increase of 24 % from $ 29.1 million in Q1 2024. The company has attributed growth to the continued innovation of products and demand for self -friction solutions. “Exodus continues to provide innovative solutions that benefit from the growing market for digital assets,” He said JP Richardson, CEO and co -founder. “Meanwhile, our focus on the self -made body remains.”
In addition to the revenue teacher, the company now owns 2011 BTC, according to its introduction, Q1 – an increase of 70 BTC since December 31, 2024. Bitcoin $ 166.0 million, which includes the largest part of the company, is 238.0 million dollars in digital assets, and cash money. The company also owns 2.693 eths worth $ 4.9 million and $ 62.8 million from US Treasury invoices.
Although user activity has decreased – active users have completely decreased from 30 % to 1.6 million – Exodus on a powerful user base, with 1.8 million quarter -proxy users. The volume of exchanged in the first quarter was $ 2.18 billion.
Expenditures increased significantly, with technology and development increased and user support by 39 % to $ 14.9 million, and increased general and administrative costs by 79 % to $ 14.3 million. Exodus recorded a net loss of $ 12.9 million, compared to a net income of $ 54.8 million in the first quarter of 2024, due to a large extent to a loss of $ 28.8 million on digital assets.
However, the exit driving is still optimistic. “Q1 has witnessed our highest revenues in the first quarter and the second best quarter of revenue ever,” said James Genetzk, Financial Director. “With an abundance of opportunities on the doorstep of our door, the exit in a good position to expand our industry and abroad, in the future.”
Online broadcast will be held to discuss the results of the first quarter at 4:30 pm East time on May 12, available on exodus.com/investors.
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