Exodus (EXOD, Financial) recently revealed an update on its digital asset holdings and user statistics for June 30, 2025. The company's corporate treasury now holds 2,058 Bitcoin, a slight increase from 2,038 in the previous month. Similarly, Ethereum holdings rose to 2,729 from 2,721, while Solana assets saw a significant jump to 31,823 from 29,109.
The company reported a decline in Monthly Active Users (MAUs) from 2.2 million in May to 1.5 million in June 2025. Of these, 21,000 were Passkeys wallets, a drop from the 675,000 in May when a special Passkeys promotion was underway.
In terms of swap volume, Exodus processed $446 million through its exchange provider in June 2025, with $90 million, or 20%, coming from its XO Swap partners. This is a decrease from May's volume, which stood at $486 million.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Exodus Movement Inc (EXOD, Financial) is $26.30 with a high estimate of $26.30 and a low estimate of $26.30. The average target implies an downside of 18.83% from the current price of $32.40. More detailed estimate data can be found on the Exodus Movement Inc (EXOD) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Exodus Movement Inc's (EXOD, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
EXOD Key Business Developments
Release Date: May 12, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Exodus Movement Inc (EXOD, Financial) reported its second-best quarter of revenue ever, with Q1 revenues reaching $36 million, a 24% increase year over year.
- The company successfully launched Echo, a demo product using passkeys wallet technology, resulting in over 1.2 million passkeys wallets being created.
- Exoswap, the multi-chain exchange aggregator, contributed significantly to Q1 performance, accounting for 30% of swap volume, up from 19% in Q4.
- Exodus Movement Inc (EXOD) has a strong balance sheet with $238 million in digital and liquid assets and no debt.
- The company is actively engaging in partnerships, with 7 active partnerships and 13 signed agreements, positioning Exoswap as a key revenue growth driver.
Negative Points
- The price of major cryptocurrencies like Bitcoin, Ether, and Solana declined significantly in Q1, impacting overall market conditions.
- Monthly active users decreased by 30% sequentially and 6% year over year, reflecting market fatigue and volatility.
- Echo, while successful as a demo, is not expected to have a material impact on the business in the short term.
- The revenue from Exoswap partnerships may experience short-term volatility due to the nature of partner promotional campaigns.
- Despite a strong balance sheet, macroeconomic headwinds and regulatory uncertainties continue to pose challenges for the crypto industry.
