Exodus Movement Financials
This page shows Exodus Movement (EXOD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Accounting earnings and cash generation have diverged sharply, leaving a lightly leveraged balance sheet to absorb operating burn.
From FY2024 to FY2025, revenue moved only from$116.3M to$121.6M , yet net income swung from$113.0M to-$11.4M while operating cash flow stayed negative at-$12.0M and-$25.6M . That pattern implies reported earnings were driven by items that did not turn into cash, so the cleaner read on the business is cash consumption rather than income-statement volatility.
The balance sheet is still conservatively financed: FY2025 liabilities were just
Share repurchases accelerated into a weaker cash year: buybacks rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Exodus Movement's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Exodus Movement's revenue grew a modest 4.5% year-over-year to $121.6M. This slow but positive growth earns a score of 94/100.
Exodus Movement carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 13.49, Exodus Movement holds $13.49 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.
While Exodus Movement generated -$25.6M in operating cash flow, capex of $267K consumed most of it, leaving -$25.8M in free cash flow. This results in a low score of 14/100, reflecting heavy capital investment rather than weak cash generation.
Exodus Movement passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Exodus Movement generates $2.25 in operating cash flow (-$25.6M OCF vs -$11.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Exodus Movement generated $121.6M in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.
Exodus Movement reported -$11.4M in net income in fiscal year 2025. This represents a decrease of 110.1% from the prior year.
Cash & Balance Sheet
Exodus Movement generated -$25.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 109.7% from the prior year.
Exodus Movement held $4.9M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Exodus Movement's net profit margin was -9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 106.5 percentage points from the prior year.
Exodus Movement's ROE was -4.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 48.4 percentage points from the prior year.
Capital Allocation
Exodus Movement spent $15.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 181.7% from the prior year.
Exodus Movement invested $267K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.2% from the prior year.
EXOD Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.7M-22.6% | $29.4M-3.2% | $30.3M+17.5% | $25.8M-28.3% | $36.0M-19.6% | $44.8M+122.6% | $20.1M-9.8% | $22.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $11.3M+5.3% | $10.8M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | $8.8M-23.9% | $11.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $15.5M-15.4% | $18.3M+22.7% | $14.9M-20.9% | $18.8M+31.4% | $14.3M+2.8% | $13.9M+64.6% | $8.5M-6.5% | $9.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | -$52K+99.6% | -$14.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$8.7M+35.7% | -$13.5M-513.3% | $3.3M-66.7% | $9.8M+210.5% | -$8.9M-204.2% | $8.5M+7776.9% | $108K+102.8% | -$3.9M |
| Net Income | -$32.1M+39.6% | -$53.2M-412.1% | $17.0M-54.8% | $37.7M+392.6% | -$12.9M-119.2% | $66.9M+7840.0% | $843K+108.8% | -$9.6M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXOD Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $230.5M-13.6% | $266.8M-21.2% | $338.5M+7.9% | $313.7M+19.2% | $263.2M-8.6% | $288.0M+36.1% | $211.6M0.0% | $211.6M |
| Current Assets | $168.0M+69.2% | $99.3M+48.3% | $66.9M-7.8% | $72.6M-8.9% | $79.7M-3.7% | $82.8M+7.7% | $76.9M+0.9% | $76.2M |
| Cash & Equivalents | $72.9M+1376.7% | $4.9M-90.2% | $50.5M-4.5% | $52.9M-11.4% | $59.8M+57.8% | $37.9M+42.7% | $26.5M-4.4% | $27.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.7M-27.8% | $5.1M-13.6% | $6.0M+18.6% | $5.0M-28.1% | $7.0M-8.8% | $7.7M+153.9% | $3.0M+0.3% | $3.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.8M-38.9% | $19.4M-53.6% | $41.7M+14.1% | $36.6M+68.9% | $21.7M-28.9% | $30.5M+48.7% | $20.5M-1.6% | $20.8M |
| Current Liabilities | $11.8M+60.7% | $7.4M-46.4% | $13.7M+23.0% | $11.2M+60.6% | $6.9M-16.8% | $8.3M-11.6% | $9.4M+3.2% | $9.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $218.7M-11.6% | $247.4M-16.6% | $296.7M+7.1% | $277.1M+14.7% | $241.5M-6.2% | $257.5M+34.7% | $191.2M+0.2% | $190.8M |
| Retained Earnings | $90.4M-26.2% | $122.5M-30.3% | $175.7M+10.7% | $158.7M+31.1% | $121.0M-9.6% | $133.9M+100.0% | $67.0M+1.3% | $66.1M |
EXOD Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6M+72.2% | -$9.3M-93.7% | -$4.8M+8.7% | -$5.3M+14.6% | -$6.2M-17.7% | -$5.2M-7.2% | -$4.9M-106.6% | -$2.4M |
| Capital Expenditures | $26K-69.4% | $85K+117.9% | $39K-57.6% | $92K+80.4% | $51K+13.3% | $45K+12.5% | $40K+5.3% | $38K |
| Free Cash Flow | -$2.6M+72.2% | -$9.4M-93.9% | -$4.8M+9.5% | -$5.4M+13.8% | -$6.2M-17.7% | -$5.3M-7.2% | -$4.9M-105.0% | -$2.4M |
| Investing Cash Flow | $71.9M+311.5% | -$34.0M-738.2% | $5.3M+102.0% | $2.6M-92.2% | $33.7M+76.0% | $19.1M+267.8% | $5.2M-47.9% | $10.0M |
| Financing Cash Flow | -$1.3M+42.0% | -$2.3M+21.1% | -$2.9M+31.0% | -$4.2M+25.3% | -$5.6M-112.4% | -$2.7M-82.2% | -$1.5M-65.0% | -$883K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.3M-42.8% | $2.3M-19.9% | $2.9M-31.0% | $4.2M-25.3% | $5.6M+111.4% | $2.7M+83.0% | $1.5M+65.0% | $883K |
EXOD Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 43.7%-8.1pp | 51.7% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -0.3%+65.8pp | -66.1% |
| Net Margin | -141.3%+39.7pp | -181.0%-237.2pp | 56.2%-89.7pp | 145.8%+181.6pp | -35.8%-185.2pp | 149.4%+145.3pp | 4.2%+47.3pp | -43.1% |
| Return on Equity | -14.7%+6.8pp | -21.5%-27.2pp | 5.7%-7.8pp | 13.6%+18.9pp | -5.3%-31.3pp | 26.0%+25.6pp | 0.4%+5.5pp | -5.0% |
| Return on Assets | -13.9%+6.0pp | -19.9%-25.0pp | 5.0%-7.0pp | 12.0%+16.9pp | -4.9%-28.1pp | 23.2%+22.8pp | 0.4%+4.9pp | -4.5% |
| Current Ratio | 14.20+0.7 | 13.49+8.6 | 4.88-1.6 | 6.51-5.0 | 11.48+1.6 | 9.92+1.8 | 8.14-0.2 | 8.33 |
| Debt-to-Equity | 0.05-0.0 | 0.08-0.1 | 0.140.0 | 0.13+0.0 | 0.09-0.0 | 0.12+0.0 | 0.110.0 | 0.11 |
| FCF Margin | -11.5%+20.5pp | -32.0%-16.0pp | -16.0%+4.8pp | -20.8%-3.5pp | -17.3%-5.5pp | -11.8%+12.7pp | -24.5%-13.7pp | -10.8% |
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Frequently Asked Questions
What is Exodus Movement's annual revenue?
Exodus Movement (EXOD) reported $121.6M in total revenue for fiscal year 2025. This represents a 4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Exodus Movement's revenue growing?
Exodus Movement (EXOD) revenue grew by 4.5% year-over-year, from $116.3M to $121.6M in fiscal year 2025.
Is Exodus Movement profitable?
No, Exodus Movement (EXOD) reported a net income of -$11.4M in fiscal year 2025, with a net profit margin of -9.3%.
What is Exodus Movement's net profit margin?
Exodus Movement (EXOD) had a net profit margin of -9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Exodus Movement's return on equity (ROE)?
Exodus Movement (EXOD) has a return on equity of -4.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Exodus Movement's free cash flow?
Exodus Movement (EXOD) generated -$25.8M in free cash flow during fiscal year 2025. This represents a -109.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Exodus Movement's operating cash flow?
Exodus Movement (EXOD) generated -$25.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Exodus Movement's total assets?
Exodus Movement (EXOD) had $266.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Exodus Movement's capital expenditures?
Exodus Movement (EXOD) invested $267K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Exodus Movement's current ratio?
Exodus Movement (EXOD) had a current ratio of 13.49 as of fiscal year 2025, which is generally considered healthy.
What is Exodus Movement's debt-to-equity ratio?
Exodus Movement (EXOD) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Exodus Movement's return on assets (ROA)?
Exodus Movement (EXOD) had a return on assets of -4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Exodus Movement's cash runway?
Based on fiscal year 2025 data, Exodus Movement (EXOD) had $4.9M in cash against an annual operating cash burn of $25.6M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Exodus Movement's Piotroski F-Score?
Exodus Movement (EXOD) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Exodus Movement's earnings high quality?
Exodus Movement (EXOD) has an earnings quality ratio of 2.25x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Exodus Movement?
Exodus Movement (EXOD) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.