Exodus Movement, Inc. reported its third‑quarter 2025 results on November 10, 2025, posting revenue of $30.3 million—up 51% from $19.2 million a year earlier and beating the consensus estimate of $27.32 million.
The revenue surge was driven by robust demand for the company’s stablecoin‑based payment services, accelerated by the recent acquisition of Grateful, a merchant‑focused stablecoin payments orchestrator. Grateful’s upcoming launch in Argentina and Uruguay is expected to expand Exodus’s footprint in emerging markets and add new revenue streams.
Chairperson and CEO J. Richardson highlighted the company’s momentum, noting, “We had a good quarter. Exodus posted over $30 million in revenue this quarter, a 51% year‑over‑year growth as consumers and industry partners continue to get value from our products.” CFO James Gernetzke added, “Q3 revenue came in at $30.3 million, a 51% increase from a year ago.”
Investors reacted positively to the earnings, with the company’s market presence bolstered by the revenue beat and the strategic acquisition of Grateful. The announcement also coincided with a 12.95% pre‑market surge, reflecting confidence in the company’s growth trajectory.
Exodus is positioning itself beyond a crypto wallet, aiming to become a comprehensive financial app for payments and money transfers. The company’s XO Swap partnerships have expanded to 16 signed agreements, with 10 already generating revenue, and its user base shows a 20% increase in quarterly funded users to 1.8 million, offset by a 6% year‑over‑year decline in monthly active users to 1.5 million.
While the company did not provide new guidance for the remainder of the fiscal year, management expressed confidence in sustaining profitability through cost discipline and strategic investments in high‑return verticals. The focus on stablecoin payments and the Grateful acquisition signals a clear path toward broader market penetration.
Overall, Exodus’s Q3 results demonstrate strong revenue growth, successful execution of its payments strategy, and a solid foundation for continued expansion in the stablecoin ecosystem.
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