Exodus Movement, Inc. (EXOD) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Thanks for being here, and welcome to Exodus's first quarter 2025 earnings conference call. I'm your host, Elizabeth Shores, and with us today are Exodus's co-founder and CEO, JP Richardson, alongside CFO, James Gronetsky. Now, during today's call, we may have made forward-looking statements. The company cautions investors that any forward-looking statement involves risks and uncertainties and is not a guarantee of future performance. Actual results may vary materially from those expressed or implied in the forward-looking statements due to a variety of factors. These factors are described in forward-looking statements in our earnings press release and our most recent Form 10-Q filed with the SEC, available on the investor relations portion of our website. We do not undertake any obligation to update forward-looking statements. So you can feel free to visit our social media on X or Reddit to submit any questions you may have about this quarter to our investor relations team after today's call. With that, we're going to turn it over to our CEO to walk us through the quarter. JP, the floor is yours. Thank you, Elizabeth, and thank you everyone for joining us today. I'm pleased to be here. Q1 was our first full quarter of trading on the NYSE American. And XS delivered operational excellence, celebrating our second best quarter of revenue ever. First quarter revenues were $36 million, which is an increase of 24% year over year. The quarter is further validation of our innovative and user-friendly crypto products that consumers trust and love. Our products are designed to place value of crypto in the hands of everyone. We believe everyone, now and in the future, will benefit from digital asset technology, even if they don't know they are using crypto. Crypto...