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Financial statements

Exodus Movement, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Exodus Movement, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2024FY2025
Revenue56.2116122
General and administrative18.539.566.3
Interest expense00.57
Interest income2.173.324.89
Pre-tax income10.9131-20.7
Income tax-1.9117.9-9.3
Net income12.8113-11.4

Balance sheet

FY2024FY2024FY2025
Cash and equivalents11.437.94.94
Receivables3.247.655.14
Other current assets0.010.132
Total current assets59.782.899.3
Property, plant and equipment0.320.360.46
Goodwill0
Intangible assets8.056.134.93
Other non-current assets0.211.07
Total assets112288267
Accounts payable1.061.161.18
Accrued liabilities4.772.952.21
Deferred revenue0.730.010
Total current liabilities7.558.357.36
Other non-current liabilities0.410.340
Total liabilities7.9630.519.4
Paid-in capital123124127
Retained earnings-17.3134123
Other comprehensive income-1.48-0.75-2.12
Shareholders' equity104258247
Total equity104258247
Total liabilities and equity112288267

Cash flow statement

FY2024FY2024FY2025
Net income12.8113-11.4
Depreciation and amortization4.575.343.75
Stock-based compensation5.786.613.6
Deferred income tax-5.217.9-9.8
Change in receivables0.070.4
Change in payables0.470.110.07
Cash from operations0.69-12-25.6
Capital expenditures-0.07-0.27-0.27
Cash from investing-9.1343.97.66
Stock issued0.030.010.04
Share buybacks-0.72-5.35-15.1
Cash from financing-0.68-5.34-15
Net change in cash-9.1226.5
Free cash flow0.63-12.3-25.8
Interest paid00.57
Income taxes paid-2.375.380

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.92 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin-100.2%Pre-tax income / revenue.
Net margin-79.9%Net income / revenue.
FCF margin-61.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-60.9%Cash from operations / revenue.
Return on equity (ROE)-43.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-14.6%Net income / average total assets.
Stock-based pay / revenue14.8%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.2%Capital expenditures / revenue.
D&A / revenue3.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y4.5%Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-110.1%Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-3.9%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-7.4%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.06xCurrent assets / current liabilities.
Quick ratio0.08x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Liabilities / assets66.3%Total liabilities / total assets.
Working capital$21.5MCurrent assets - current liabilities.
Goodwill and intangibles / assets25.3%(Goodwill + intangible assets) / total assets.
Tangible book value$50.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.18xRevenue / average total assets.
Fixed asset turnover243xRevenue / average property, plant and equipment.
Receivables turnover11.6xRevenue / average receivables.
Days sales outstanding32 days365 x average receivables / revenue.

Valuation

MetricValueHow it is calculated
Market cap$239.2MShare price x shares outstanding.
Enterprise value$218.0MMarket cap + total debt - cash - short-term investments.
P/S2.20xMarket cap / revenue.
P/B1.19xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book4.77xMarket cap / tangible book value, when positive.
EV/Sales2.01xEnterprise value / revenue.
FCF yield-27.8%Free cash flow / market cap.
Earnings yield-36.3%Net income / market cap (the inverse of P/E).
Shareholder yield3.0%(Dividends paid + share buybacks) / market cap.
What was Exodus Movement, Inc.'s revenue in fiscal 2025?

Exodus Movement, Inc. reported revenue of $121.6M for fiscal 2025, 4.5% higher than the year before.

Was Exodus Movement, Inc. profitable in fiscal 2025?

No. It reported a net loss of $11.4M.

How much free cash flow did Exodus Movement, Inc. generate in fiscal 2025?

Cash from operations of $25.6M minus capital expenditures of $267.0K left free cash flow of -$25.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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