Gate News: On March 12, wallet provider Exodus Movement, Inc. announced a full-year net loss of $11.4 million in 2025, compared to a net profit of $113 million in 2024. Despite the company’s record annual revenue of $121.6 million, a 5% increase year-over-year, it still posted a loss. The company attributed its record revenue to growth in its enterprise-to-enterprise product XO Swap, with total swap volume increasing 21% to $6.89 billion, accounting for 19% of revenue in the fourth quarter. The main reason for the loss was a net loss of $18.9 million in digital assets in 2025 (a profit of $96.1 million in 2024). Operating expenses also rose significantly, with technology, development, and user support costs increasing 37% to $62.9 million, and general and administrative expenses growing 68% to $66.3 million. Fourth-quarter revenue dropped 34% from $44.8 million in the same period in 2024 to $29.5 million, with net losses widening to $53.2 million, including a $63.6 million loss in digital assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
