Exodus Movement, Inc. Class A (EXOD)

The past six months have seen several events impacting Exodus Movement, Inc.'s stock price. In May 2025, the stock experienced a significant drop after the company reported first-quarter earnings that fell short of expectations, including a 30% sequential fall in monthly active users. Despite this, Benchmark maintained a "Buy" rating and a $58.00 price target. In July 2025, Benchmark reiterated its "Buy" rating and $58.00 price target. Exodus also announced its August and September 2025 treasury updates and monthly metrics. In November 2025, Exodus reported its third-quarter 2025 results and announced the acquisition of Grateful to strengthen stablecoin-based payments. Most recently, on November 24, 2025, Exodus announced a definitive agreement to acquire W3C Corp for $175 million. The company's stock price has shown volatility, with a decline of 72.41% between December 18, 2024, and November 21, 2025. Over the past year, EXOD underperformed the US Software industry and the US Market.

While there isn't explicit information detailing a consistent seasonal pattern for Exodus Movement's products and services, some data points suggest fluctuations. Monthly Active Users (MAUs) stood at 1.5 million as of June 30, 2025, a decline from 2.2 million in May 2025. This drop was attributed to the ending of a one-time Passkeys promotion in May. Exchange provider processed volume also decreased from $486 million in May to $446 million in June 2025. Historically, the company's monthly transacting user count and exchange provider processed volume have increased sharply during periods of rising altcoin prices. Exodus Movement's revenue is heavily derived from its exchange aggregation feature.

Exodus Movement, Inc. is a self-custodial platform connecting individuals with decentralized finance and blockchain technology. It operates in the technology sector, offering the Exodus Wallet for secure storage, management, and exchange of cryptocurrencies. Exodus provides fiat on and off-ramps, staking services, and XO Swap. Recent acquisitions include W3C Corp to issue payment cards and Grateful to strengthen stablecoin-based payments.

Exodus Movement, Inc. has a geographical presence across Europe, the United States, the Middle East, Africa (EMEA), Asia-Pacific (APAC), Canada, and Latin America (Other Americas). The acquisition of W3C Corp is specifically aimed at expanding its reach in the US, UK, and EU. Historically, approximately 24% of its active users have been located in the U.S.

Exodus Movement emphasizes its role as a leading self-custodial cryptocurrency platform, empowering individuals with control over their digital assets. The company's commitment to transparency strengthens its reputation. The focus on self-custody has been highlighted as particularly relevant following events like a major crypto exchange hack. The acquisitions of Grateful and W3C Corp are strategic moves to enhance its offerings and position Exodus as a comprehensive platform for crypto payments. The company's user-friendly design and robust security are key aspects of its brand.

Exodus Movement is primarily owned by retail investors (79.42%), followed by insiders (15.74%), and institutional shareholders (4.84%). The largest individual shareholder is Recovery Trust Ftx, holding 1.82 million shares. Other significant individual insider owners include Jon Paul Richardson, Daniel Castagnoli, James Gernetzke, Matias Olivera, and Veronica McGregor. Major institutional shareholders include Vanguard Group Inc., Toroso Investments, LLC, BlackRock, Inc., Geode Capital Management, Llc, and Amplify Transformational Data Sharing ETF (BLOK).