Exodus Movement, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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.
Mar 31, 2025 · Filed May 12, 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
Condensed Consolidated Statements of Cash Flows
Conde nsed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Three Months EndedMarch 31,2025 | Three Months EndedMarch 31,2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) income | $(12,873) | $54,787 |
| Adjustments to reconcile net (loss) income to | ||
| Net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 1,042 | 1,243 |
| Deferred tax (benefit) expense | (7,423) | 11,298 |
| Impairment of other assets | 137 | - |
| Loss (gain) on digital assets, net | 28,809 | (56,799) |
| Staking and other loss | 136 | - |
| Other loss, net | 447 | 244 |
| Stock based compensation | 2,707 | 1,674 |
| Accrued interest income | (648) | (756) |
| Other operating activities settled in digital assets and USDC (1) | (15,070) | (13,923) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 246 | - |
| Prepaid expenses | (1,592) | 129 |
| Other current assets | (1,377) | 5 |
| Other long-term asset | 32 | (40) |
| Accounts payable | 322 | 718 |
| Other current liabilities | (1,073) | 1,858 |
| Other long-term liabilities | 12 | 12 |
| Net cash (used in) provided by operating activities | (6,166) | 450 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Investment in SAFE Note | (100) | - |
| Purchases of fixed assets | (51) | (150) |
| Purchase of treasury bills | - | (29,800) |
| Redemption of treasury bills | 29,000 | 29,649 |
| Purchases of digital assets | (1,571) | (2,031) |
| Disposal of digital assets held | 6,416 | 11,884 |
| Net cash provided by investing activities | 33,694 | 9,552 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repurchase of shares to pay employee withholding taxes | (5,638) | (344) |
| Net cash used in financing activities | (5,638) | (344) |
| Change in cash and cash equivalents, and restricted cash and cash equivalents | 21,890 | 9,658 |
| Cash and cash equivalents, and restricted cash and cash equivalents | ||
| Beginning of period | 37,883 | 11,376 |
| End of period | 59,773 | 21,034 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Non-cash issuance of stock | $26 | $10 |
| Non-cash payment for fixed assets | 27 | - |
| Non-cash capitalized software costs settled in digital assets (including stock-based compensation of $52 and $229 respectively) | (450) | (1,155) |
(1) See Note 5, “Intangible Assets”.
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