Friday 6 November 2026
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Exodus Movement, Inc.
EXOD Technology Software Infrastructure
Exodus Movement, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $121.6 million, up 4.54% from fiscal 2024.
- Revenue
- +1.55%
- EPS
- −148.4%
- Free cash flow
- −825.5%
Quarter to June 2026, against a year earlier
3.99
0.07
+1.79%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 56 | 116 | 122 | 109 | +47.1% | 111 | 149 | 208 | +19.6% | |
| Gross margin, % | — | — | — | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | — | — | — | 11 | 131 | (21) | (109) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 19.37 | 112.54 | (16.99) | (100.20) | (36.4) pt | ||||||
| Net income | — | — | — | — | — | — | — | 13 | 113 | (11) | (87) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 2.19 | 4.42 | 4.19 | 3.62 | +38.5% | |||||
| Earnings | — | — | — | — | — | — | — | 0.49 | 4.30 | (0.39) | (2.96) | n/m | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.03 | (0.46) | (0.88) | (2.21) | n/m | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | (0.02) | (0.07) | (0.01) | +403.8% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.02 | (0.48) | (0.95) | (2.21) | n/m | ||||||
| Book value | — | — | — | — | — | — | — | 4.04 | 9.79 | 8.53 | 6.70 | +45.4% | ||||||
| Shares, m | — | — | — | — | — | — | — | 26 | 26 | 29 | 29 | +6.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 4.62 | 7.12 | 0.00 | 0.00 | 3.9 | |||||
| P/S | — | — | — | — | — | — | — | 1.05 | 6.94 | 3.53 | 1.10 | 3.8 | ||||||
| P/B | — | — | — | — | — | — | — | 0.57 | 3.13 | 1.73 | 0.60 | 1.8 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.07 | 6.35 | 3.49 | (2.23) | 3.3 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 6.53 | (59.96) | (16.41) | 3.64 | (23.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 1 | (12) | (26) | (66) | n/m | |||||
| Capex | — | — | — | — | — | — | — | 0 | 0 | (2) | 0 | +434.6% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 1 | (13) | (27) | (66) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 52 | 74 | 92 | 22 | +32.7% | |||||
| Net debt | — | — | — | — | — | — | — | (55) | (68) | (5) | (362) | (69.4%) | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 104 | 258 | 247 | 201 | +54.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 56.52 | (4.09) | (19.09) | (4.1) pt | |||||
| ROIC | — | — | — | — | — | — | — | 10.76 | 41.80 | (6.38) | 0.00 | (17.1) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 62.53 | (4.50) | (36.35) | (4.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 210 | 215 | — | +2.4% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.55 | 0.57 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Exodus Movement, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SKYA SkyAI, Inc. | $148.5M | — (loss-making) | — | — | n/m | +106.15% (above 0%: growing) | 0.00% | 0.00% | Compare |
| PDYN Palladyne AI Corp. | $133.5M | — (loss-making) | — (loss-making) | +469.75% (above 0%: growing) | n/m | −106.98% (below 0%: shrinking) | 29.07% | (231.94%) | Compare |
| TCX Tucows Inc. | $133.3M | — (loss-making) | — (loss-making) | +1.44% (above 0%: growing) | n/m | −282.15% (below 0%: shrinking) | 29.13% | 0.30% | Compare |
| ZENA ZenaTech, Inc. | $131.5M | — (loss-making) | — (loss-making) | — | n/m | −159.28% (below 0%: shrinking) | 100.00% | (234.70%) | Compare |
| EXOD Exodus Movement, Inc. | $118.4M | — (loss-making) | — (loss-making) | +1.55% (above 0%: growing) | n/m | −825.45% (below 0%: shrinking) | 100.00% | (174.61%) | |
| SWMR Swarmer, Inc | $113.6M | — (loss-making) | — (loss-making) | — | n/m | −939.03% (below 0%: shrinking) | 84.84% | (3,363.96%) | Compare |
| TP Ticketplus Ltd. | $106.4M | 18.1× | — | — | — | −180.30% (below 0%: shrinking) | 48.96% | 21.92% | Compare |
| XLAB Exascale Labs Holdings Inc. | $105.5M | — | — | — | — | — | — | — | Compare |
| AIIO Robo.ai Inc. - Class B | $94.5M | — (loss-making) | — | — | n/m | −2,566.99% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $122.6M | — | — | — | — | −180.30% | 29.13% | 0.00% |
Pay and ownership Proxy statement filed 17 March 2026
Ownership
Directors and executive officers, together
94.00% of the votes
Daniel Castagnoli
46.90% of the votes
Jon Paul Richardson
46.20% of the votes
Erik Voorhees
1.90% of the votes
FTX Recovery Trust
less than 1% of the votes
Bnk to the Future Exodus SP, a Segregated portfolio of Bnk To The Future Capital SPC
less than 1% of the votes
Veselin Veselinov
less than 1% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement