Exodus Movement, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 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.
Sep 30, 2025 · Filed Nov 10, 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
(Unaudited, in thousands)
| Nine Months EndedSeptember 30,2025 | Nine Months EndedSeptember 30,2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $41,835 | $46,024 |
| Adjustments to reconcile net income to net cash used in operating activities | ||
| Depreciation and amortization | 2,931 | 3,862 |
| Deferred tax expense | 5,869 | 6,752 |
| Impairment of other assets | 137 | - |
| Gain on digital assets, net | (44,694) | (39,197) |
| Gain on sale of future token interests | (2,000) | - |
| Staking and other income | (241) | (701) |
| Other loss, net | 494 | 255 |
| Stock based compensation | 10,941 | 5,252 |
| Accrued interest income | (731) | (1,824) |
| Other operating activities settled in digital assets and USDC (1) | (33,753) | (23,774) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 389 | (89) |
| Prepaid expenses | (297) | (1,610) |
| Income tax receivable | (1,649) | (667) |
| Other current assets | (704) | (98) |
| Other long-term asset | 57 | (40) |
| Accounts payable | 2,951 | 549 |
| Other current liabilities | 2,190 | (1,532) |
| Other long-term liabilities | 32 | 35 |
| Net cash used in operating activities | (16,243) | (6,803) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Investment in SAFE Note | (100) | - |
| Proceeds from sale of future token interests | 2,000 | - |
| Purchases of fixed assets | (182) | (228) |
| Purchase of treasury bills | (4,938) | (73,262) |
| Redemption of treasury bills | 35,692 | 74,819 |
| Purchases of digital assets | (2,399) | (2,534) |
| Disposal of digital assets held | 11,586 | 26,097 |
| Purchase of domain names | - | (151) |
| Net cash provided by investing activities | 41,659 | 24,741 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repurchase of shares to pay employee withholding taxes | (12,751) | (2,684) |
| Net cash used in financing activities | (12,751) | (2,684) |
| Change in cash and cash equivalents, and restricted cash and cash equivalents | 12,665 | 15,254 |
| Cash and cash equivalents, and restricted cash and cash equivalents | ||
| Beginning of period | 37,883 | 11,376 |
| End of period | 50,548 | 26,630 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Non-cash issuance of stock | $81 | $10 |
| Fixed assets purchased with digital assets | (36) | - |
| Non-cash capitalized software costs settled in digital assets and stock (including stock-based compensation of $389 and $506 respectively) | (1,605) | (2,959) |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for income taxes | (3) | (4,300) |
(1)See Note 5, “Intangible Assets”.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.