Wallet provider Exodus expects to incur a net loss of $11 million in 2025.

Mars Finance News, March 12 — According to official sources, wallet provider Exodus Movement, Inc. reported a net loss of $11.4 million for 2025, while achieving a net profit of $113 million in 2024. Although the company announced a record annual revenue of $121.6 million, up 5% year-over-year, it still posted a loss. The record revenue was attributed to growth in its enterprise-to-enterprise product XO Swap. The company stated that its total swap volume for the year increased 21% to $6.89 billion, accounting for 19% of revenue in the fourth quarter. The main reason for the loss was a net loss of $18.9 million 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 37% to $62.9 million, and general and administrative expenses growing 68% to $66.3 million. The decline in the cryptocurrency market was reflected in the fourth quarter results, with revenue dropping 34% from $44.8 million in Q4 2024 to $29.5 million. The net loss for Q4 2025 widened to $53.2 million, including a $63.6 million loss in digital assets.