Exodus Movement, Inc. (EXOD) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Welcome to Exodus's fourth quarter 2025 earnings call. I'm your host, Chris Merkle, and with us today are Exodus's co-founder and CEO, J.P. Richardson, and CFO, James Granetsky. During today's call, we may make 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-K, filed with the Securities and Exchange Commission, available on the Investor Relations portion of our website. We do not undertake any obligation to update forward-looking statements. As always, feel free to visit our social media accounts on X or Reddit to submit questions for our investor relations team after our call. Let's go to JP to discuss Exodus' fourth quarter and full year 2025. Thank you, everyone, for joining. I want to try something a little different today. I've been told multiple times that my opening on earnings calls just doesn't sound like me. I think that's a fair criticism. So we're going to keep this more conversational, a lot like how I speak publicly on interviews or even internally in company all-hands calls. So often I love to tell stories, and today is going to be no different. A couple of weeks ago, I took my kid skiing for the first time. My little boy, he's seven years old, and so we're on the bunny slope, and where they teach the young kids, and he could barely stand up. He kept falling over and over again. And I'm not sure many of you with kids can relate to this, but he kept getting up over and over a...