Exodus Movement, Inc. · AMEX:EXOD
Exodus Movement — Q1 2025 Earnings Presentation
24 slides from Exodus Movement's earnings presentation, 2025
Slide 1: Company Presentation - Q1 2025
Movement, Inc. Company Presentation - Q1 2025 €3 64,792.59 f $17,792.59 NY 0.067047 BTC 11370181 ETH
Slide 2: Forward looking statements
Forward looking statements This presentation contains “forward-looking statements” as that term is defined by the federal securities laws. All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the date made. Our expectations, beliefs, and
Slide 3: Exodus Mission
3 Exodus Mission Empowering individuals to control their lives in a digital world
Slide 4: Exodus self-custodial, multichain digital wallet
Exodus self-custodial, multichain digital wallet secure for everyone ©) Founded in 2015, headquartered in Omaha, NE 1.6M Monthly Active Users (as of 3/31/2025) © Approx. 210 full-time equivalent team members © NYSE American-listed stock, ticker: EXOD ~$21B Exchange volume (1/1/2017 - 3/31/2025) easy
Slide 5: Financial highlights
Financial highlights Operating model Scalable due to relatively fixed costs Durable in bear markets, growth in bull markets User acquisition Effective paid campaigns as well as word-of-mouth, social media, YouTube, and partner channels Balance sheet $238M assets and no debt as of March 31, 2025 Reve
Slide 6: Large and growing addressable market
Large and growing addressable market 650M+ people invest in crypto globally" $3T global crypto market cap? USD-denominated on-chain Bitcoin transfer volumes were $~45.6 billion per day? Investment highlights Differentiated product offering Self-custody gives users full control of their digital asset
Slide 7: Total addressable market and stablecoins
Total addressable market and stablecoins Stablecoins: Opportunity Opportunity for Exodus? Stablecoin issuance (market cap) is at $237B - A wallet is needed to interact with stablecoins. (all-time high)! * You don't need a bank to participate, - Stablecoins bypass existing payment networks. just a wa
Slide 8: Decentralized finance and blockchain technology
decentralized finance blockchain technology B 4 $96,531.78 Bitcoin BTC Blockchain (decentralized finance) Traditional finance (centralized) - Managed by centralized banking - Blockchain technology systems » Governments can print money and drive inflation - No international currency - Banks and marke
Slide 9: Your digital asset needs
your digital asset needs Centralized digital wallets - Customers’ private keys are controlled by a third party, sometimes a centralized exchange, which come with risks of security breaches (Mt. Gox) or even collapse (FTX). Ultimate control of an individual's wealth is by an institution; individuals
Slide 10: Wallet overview
Wallet overview % Multichain u ° Crypto ecosystem O, g3% Wallets vary in blockchain support: % Exodus: BTC, ETH, SOL and ~40 additional blockchain networks © e * Trust Wallet: BTC, ETH, SOL and 100+ blockchains * Coinbase Wallet: BTC, ETH, SOL and ~40 blockchains * Phantom: BTC, ETH, SOL and 3 block
Slide 11: Exodus platform API providers
Exodus platform API providers compete on pricing, liquidity fulfillment time Staking: ® #H Stake digital assets to earn rewards wg & everstake @ . =~ Fiat onboarding: = Buy digital assets with fiat currency rs @ MoonPay <> Ramp ts) : P PayPal # Robinhood sv Blockchain
Slide 12: XO Swap: Aggregator-as-a-Service
~ Aggregator-as-a-Service »©) Swap XO Swap Exodus can build a full branded experience, or white-label with a simple API integration Problem we solve Win-win for partners Self-custody with 40+ chains and 100K+ Rev share/affiliate revenue assets is hard to build and maintain Routing liquidity Solves t
Slide 13: Ledger
- 7 _ LEDGER , Ledger Ledger, a major hardware wallet provider and crypto platform has partnered with Exodus to integrate XO Swap, our Exchange Aggregator infrastructure, into their platform'. 200071.869408 Connect Your Ledger Bef teem ~200,071.8604080 ADA
Slide 14: Magic Eden
v= MAGIC EDEN Exodus Partnership Magic Eden Our Magic Eden partnership enables their customers access to our fiat onboarding and exchange infrastructure’, Custom-built for Magic Eden, our wallet provides a frictionless way for Web3 users to engage with their NFTs. Flat onboarding and exchange servic
Slide 15: Passkeys
YP Passkeys Exodus Innovation Passkeys Wallet Self-custody meets truly frictionless onboarding! Passkeys is a powerful tool that allows developers to easily embed a digital wallet into their applications and take advantage of our fiat onboarding capabilities as well as our exchange aggregator techno
Slide 16: Visionary leadership
Visionary leadership
Slide 17: Corporate governance
Corporate governance Reviewed by independent registered Big Four public accounting firm SEC reporting colnpany Board of Directors JP Richardson Daniel Castagnoli ‘Co-Founder and CEO ‘Co-Founder and president of 3Zero Audit Committee composed entirely of independent directors Audit Committee Margaret
Slide 18: Revenue model
Revenue model Exodus users 2/3 of Exodus users are international Revenue Revenue is generated from third-party API providers; Exodus does not touch user funds Transaction fees International transaction fees and US subscriptions are paid by the API providers Q12025 Revenue Breakout Exchange aggregati
Slide 19: MAUs and QFUs
MAUs and QFUs MAUs QFUs Monthly Active Users, in millions Quarterly Funded Users, in millions @12024 22024 32024 42024 12025 12024 22024 32024 242024 12025 MAUs and QFUs are as of the last day of the quarter 1ot2e
Slide 20: Balance sheet
Balance sheet As of March 31, 2025 Cash, Treasury bills, and digital assets ($ in millions) 2,011 units Bitcoin (BTC) $166.0M US Treasury bills $1.7M Cash, cash equivalents, & USDC $61.1M 2,693 units Ether (ETH) $4.9M Other digital assets $4.3M ~$238 million
Slide 21: Bitcoin accumulation strategy
Bitcoin accumulation strategy Bitcoin in corporate treasury As of year end, unless noted 1,941 BTC 2,011 BTC 1,787 BTC 1,322 BTC S21 BIG 697 BTC 2020 2021 2022 2023 2024 Q12025 As of March 31 1 BIC acquired from 2016 seed round fundraise {> BTC acquired from 2021 Reg A fundraise BTC retained from op
Slide 22: Strategic Growth Investment
Strategic Growth Investment Marketing and sales force Our approach to marketing and sales force investment is built around three core values: Spend Targeted investments to maximize brand awareness, lead generation, and sales efficiency. Allocation Strategic distribution of resources across channels,
Slide 23: Strategic Growth Investment: Growth catalysts
Strategic Growth Investment Growth catalysts Market adoption drives more users to Exchange Aggregator technology Partnerships extend Exodus’ revenue streams to other userbases (B2B) Additional products following consistent R&D efforts Strategic M&A can accelerate product roadmap, or acquire users/re
Slide 24: Thank you
g Thank you