Exodus Reports Third Quarter 2024 Results

Published

Revenue of $20.1 million, up 68% year-over-year in Q3

OMAHA, Neb., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (OTCQX: EXOD), (the “Company” or “Exodus”) the leading self-custodial cryptocurrency software platform, today announced its results for the third quarter ended September 30, 2024.

Third Quarter 2024 Financial Highlights (Unaudited)

In USD millions, except percentagesQ3 2024Q3 2023 % Change
Revenue $20.1  $12.0  68%
Cost of Revenues 11.3  7.7  46%
Total Operating Expenses1 8.8  5.0  78%
General and administrative 8.5  4.6  84%
Loss on digital assets, net1 0.4  0.4  - 
Loss from Operations (0.1)  (0.7)   
Operating Margin

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