EXOD (Exodus Movement) Piotroski F-Score: 3 (As of Jun. 28, 2026) — Near Median


EXOD Exodus Movement Inc EXOD
29 GF Score
Price $5.41
! 4 Warning Signs
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What is Exodus Movement Piotroski F-Score?

Exodus Movement EXOD +1.69% 29 Piotroski F-Score is 3 as of Jun. 28, 2026, which is at its 10-year median of 3.00. GuruFocus rates EXOD with a GF Score™ of 29/100. The stock has 4 warning signs investors should review. Among 2,743 Software companies, Exodus Movement ranks worse than 78.89% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Exodus Movement has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Exodus Movement's Piotroski F-Score or its related term are showing as below:

EXOD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 3
Current: 3

During the past 3 years, the highest Piotroski F-Score of Exodus Movement was 3. The lowest was 3. And the median was 3.

Exodus Movement  (AMEX:EXOD) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Exodus Movement Piotroski F-Score Related Terms


Exodus Movement Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Exodus Movement's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Exodus Movement Piotroski F-Score Chart

Exodus Movement Annual Data
Trend Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 3.00

Exodus Movement Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A 3.00 3.00

EXOD vs VERI, ATGL, DAVA: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Exodus Movement's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Exodus Movement Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Exodus Movement's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Exodus Movement's Piotroski F-Score falls into.


EXOD
29GF Score
Exodus Movement Inc EXOD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 37.667 + 17.041 + -53.188 + -32.139 = $-30.6 Mil.
Cash Flow from Operations was -5.267 + -4.81 + -9.318 + -2.592 = $-22.0 Mil.
Revenue was 25.827 + 30.343 + 29.385 + 22.747 = $108.3 Mil.
Gross Profit was 11.097 + 13.356 + 13.065 + 6.505 = $44.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(263.202 + 313.706 + 338.451 + 266.762 + 230.494) / 5 = $282.523 Mil.
Total Assets at the begining of this year (Mar25) was $263.2 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $168.0 Mil.
Total Current Liabilities was $11.8 Mil.
Net Income was -9.606 + 0.843 + 66.934 + -12.873 = $45.3 Mil.

Revenue was 22.308 + 20.117 + 44.787 + 35.996 = $123.2 Mil.
Gross Profit was 11.541 + 8.784 + 31.558 + 21.103 = $73.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(225.418 + 211.624 + 211.649 + 287.995 + 263.202) / 5 = $239.9776 Mil.
Total Assets at the begining of last year (Mar24) was $225.4 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $79.7 Mil.
Total Current Liabilities was $6.9 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exodus Movement's current Net Income (TTM) was -30.6. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exodus Movement's current Cash Flow from Operations (TTM) was -22.0. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-30.619/263.202
=-0.1163327

ROA (Last Year)=Net Income/Total Assets (Mar24)
=45.298/225.418
=0.20095112

Exodus Movement's return on assets of this year was -0.1163327. Exodus Movement's return on assets of last year was 0.20095112. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Exodus Movement's current Net Income (TTM) was -30.6. Exodus Movement's current Cash Flow from Operations (TTM) was -22.0. ==> -22.0 > -30.6 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/282.523
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/239.9776
=0

Exodus Movement's gearing of this year was 0. Exodus Movement's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=167.977/11.827
=14.20284096

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=79.74/6.945
=11.48164147

Exodus Movement's current ratio of this year was 14.20284096. Exodus Movement's current ratio of last year was 11.48164147. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Exodus Movement's number of shares in issue this year was 29.721. Exodus Movement's number of shares in issue last year was 28.526. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=44.023/108.302
=0.40648372

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=72.986/123.208
=0.59238036

Exodus Movement's gross margin of this year was 0.40648372. Exodus Movement's gross margin of last year was 0.59238036. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=108.302/263.202
=0.41147864

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=123.208/225.418
=0.54657569

Exodus Movement's asset turnover of this year was 0.41147864. Exodus Movement's asset turnover of last year was 0.54657569. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+1+1+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Exodus Movement has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Exodus Movement (EXOD) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Exodus Movement and its competitors. This is near median its historical median of 3.00. Over the past decade, Exodus Movement's Piotroski F-Score has ranged from 3.00 to 3.00. According to the industry distribution chart, Exodus Movement ranks #2164 out of 2743 companies in the Software industry, placing it in the top 78.9%.
Is Exodus Movement's Piotroski F-Score too high?
Exodus Movement's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 3.00. The Software industry median Piotroski F-Score is 5.00. Exodus Movement's value of 3 is 40% below this industry median. Based on the distribution chart, Exodus Movement ranks #2164 out of 2743 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Exodus Movement has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Exodus Movement's Piotroski F-Score compare to VERI and ATGL?
According to the Software industry distribution chart, Exodus Movement ranks #2164 out of 2743 companies for Piotroski F-Score. This places Exodus Movement in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Exodus Movement's value of 3 is 40% below this benchmark. Historically, Exodus Movement's own Piotroski F-Score has ranged from 3.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Exodus Movement has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exodus Movement's current Piotroski F-Score of 3 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Exodus Movement and its competitors. For the Software industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exodus Movement's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exodus Movement stock overvalued right now?
Exodus Movement (EXOD) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Software industry median of 5.00. Exodus Movement's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Exodus Movement (EXOD), the current Piotroski F-Score is 3 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Exodus Movement Business Description

Other Exchanges BU3:Germany
Address 15418 Weir Street, Suite 333, Omaha, NE, USA, 68137
Exodus Movement Inc is a self-custodial platform that connects people with the world of decentralized finance and the power of the blockchain. Available for desktop and mobile, it allows users to secure, manage, and exchange cryptocurrencies like Bitcoin and Ethereum. The company's geographical segments include: the Republic of the Marshall Islands, Hong Kong, the British Virgin Islands, Seychelles, Saint Vincent and the Grenadines, and Others.
29GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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