BlockBeats News, March 12th, according to official sources, wallet provider Exodus Movement, Inc. announced a full-year net loss of $11.4 million in 2025, compared to a net profit of $113 million in 2024.
Although the company reported a record annual revenue of $1.216 billion, a 5% year-on-year increase, it still experienced a loss. The record revenue was attributed to the growth of its enterprise-to-enterprise product, XO Swap. The company stated that its full-year swap trading volume grew by 21% to $68.9 billion, contributing 19% of the fourth-quarter revenue.
The main reasons for the loss were a $18.9 million net loss in digital assets in 2025, compared to a profit of $96.1 million in 2024. Operating expenses also rose significantly, with technology, development, and user support costs increasing by 37% to $62.9 million, and general and administrative expenses rising by 68% to $66.3 million.
The downturn in the cryptocurrency market was reflected in the fourth-quarter performance, with the company’s revenue falling 34% from $44.8 million in the fourth quarter of 2024 to $29.5 million. The net loss in the fourth quarter of 2025 expanded to $53.2 million, including a $63.6 million loss in digital assets.
