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 enhance 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 supply progressive options that capitalize on the rising marketplace for digital property,” mentioned JP Richardson, CEO and co-founder. “In the meantime, our give attention to self-custody stays 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.
Exodus $EXOD reported holding 2,011 BTC at Q1 submitting. +70 BTC since Dec 31, 2024. pic.twitter.com/6qduSgir2e
— NLNico (@btcNLNico) Could 12, 2025
Regardless of a decline in person exercise—month-to-month energetic customers dropped 30% to 1.6 million—Exodus maintained a robust person base, with 1.8 million funded customers by quarter finish. Change quantity processed in Q1 totaled $2.18 billion.
Bills rose considerably, with expertise, growth, and person assist up 39% to $14.9 million, and common and administrative prices up 79% to $14.3 million. Exodus posted a internet lack of $12.9 million, in comparison with a $54.8 million internet revenue in Q1 2024, largely attributable to a $28.8 million loss on digital property.
Nonetheless, Exodus management stays optimistic. “Q1 noticed our highest first quarter income and second finest income quarter on file,” mentioned James Gernetzke, CFO. “With an abundance of alternatives at our doorstep, Exodus is well-positioned to develop inside our trade and past, nicely into the long run.”
A webcast to debate Q1 outcomes shall be held at 4:30 PM ET on Could 12, obtainable at exodus.com/buyers.
This publish Exodus Hits Report Q1 Income As Bitcoin Holdings Rise To 2,011 BTC first appeared on Bitcoin Journal and is written by Jenna Montgomery.
