Exodus Movement Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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
Consolidated Statements of Cash Flows for the Years Ended
Consol idated Statements of Cash Flows
(In thousands)
| Year EndedDecember 31,2024 | Year EndedDecember 31,2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $112,958 | $12,786 |
| Adjustments to reconcile net income to | ||
| Net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 5,335 | 4,570 |
| Deferred tax expense (benefit) | 17,924 | (5,197) |
| Impairment of other assets | 336 | 207 |
| Gain on digital assets, net | (96,111) | — |
| Gain on settlement of digital assets, net (prior to 2023-08) | — | (1,431) |
| Staking and other income | (1,244) | — |
| Other, net | 209 | (248) |
| Stock based compensation | 6,596 | 5,784 |
| Accrued interest income | (2,225) | (1,476) |
| Other operating activities settled in digital assets and USDC (1) | (52,172) | (17,241) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 71 | — |
| Prepaid expenses | (687) | 1,491 |
| Other current assets | (4,215) | 72 |
| Other long-term asset | (109) | — |
| Accounts payable | 111 | 471 |
| Other current liabilities | 1,249 | 859 |
| Other long-term liabilities | (68) | 45 |
| Net cash (used in) provided by operating activities | (12,042) | 692 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of indefinite lived assets | (201) | — |
| Purchases of fixed assets | (273) | (67) |
| Purchase of treasury bills | (76,667) | (83,909) |
| Redemption of treasury bills | 91,403 | 74,599 |
| Purchases of digital assets | (2,533) | — |
| Disposal of digital assets held | 32,158 | — |
| Redemption of investments | — | 249 |
| Net cash provided by (used in) investing activities | 43,887 | (9,128) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repurchase of shares to pay employee withholding taxes and exercise price | (5,351) | (715) |
| Exercise of stock options | 13 | 33 |
| Net cash used in financing activities | (5,338) | (682) |
| Change in cash and cash equivalents, and restricted cash and cash equivalents | 26,507 | (9,118) |
| Cash and cash equivalents, and restricted cash and cash equivalents | ||
| Beginning of period | 11,376 | 20,494 |
| End of period | 37,883 | 11,376 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Non-cash option exercises | 3,074 | — |
| Non-cash issuance of stock | 10 | 20 |
| Non-cash purchase of fixed assets | (44) | (21) |
| Non-cash capitalized software costs settled in digital assets | ||
| (including stock based compensation of $561 and $792 respectively) | (3,532) | (4,742) |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for income taxes | $(5,379) | $(2,371) |
(1)See Note 5, “Intangible Assets”
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