Exodus Movement Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 13, 2024
EXOD$4.08-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Conde nsed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Nine Months EndedSeptember 30,2024 | Nine Months EndedSeptember 30,2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $46,024 | $2,391 |
| Adjustments to reconcile net income to | ||
| Net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 3,862 | 3,353 |
| Deferred tax expense | 6,752 | - |
| Gain on digital assets, net | (39,197) | (285) |
| Staking and other income | (701) | - |
| Unrealized loss on investments | 219 | (18) |
| Loss on disposal of assets | 36 | - |
| Stock based compensation | 5,252 | 4,682 |
| Accrued interest income | (1,824) | (889) |
| Other operating activities settled in digital assets and USDC (1) | (23,774) | (9,614) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (89) | - |
| Prepaid expenses | (1,610) | 1,460 |
| Other current assets | (765) | 16 |
| Other long-term asset | (40) | - |
| Accounts payable | 549 | 708 |
| Other current liabilities | (1,532) | 1,118 |
| Other long-term liabilities | 35 | - |
| Net cash (used in) provided by operating activities | (6,803) | 2,922 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of domain names | (151) | - |
| Purchases of fixed assets | (228) | (25) |
| Purchase of treasury bills | (73,262) | (69,273) |
| Redemption of treasury bills | 74,819 | 58,795 |
| Purchases of digital assets | (2,534) | - |
| Disposal of digital assets held | 26,097 | - |
| Net cash provided by (used in) investing activities | 24,741 | (10,503) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repurchase of shares to pay employee withholding taxes | (2,684) | (515) |
| Exercise of stock options | - | 1 |
| Net cash used in financing activities | (2,684) | (514) |
| Change in cash and cash equivalents, and restricted cash and cash equivalents | 15,254 | (8,095) |
| Cash and cash equivalents, and restricted cash and cash equivalents | ||
| Beginning of period | 11,376 | 20,494 |
| End of period | 26,630 | 12,399 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Non-cash issuance of stock | $10 | $20 |
| Non-cash capitalized software costs settled in digital assets | ||
| (including stock based compensation of $506 and $713 respectively) | $(2,959) | $(3,930) |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for income taxes | $(4,300) | $(918) |
(1) See Note 5, “Intangible Assets”.
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