{"id":95174,"date":"2026-03-12T17:56:29","date_gmt":"2026-03-12T14:56:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95174"},"modified":"2026-03-12T18:00:25","modified_gmt":"2026-03-12T15:00:25","slug":"exodus-crypto-wallet-reports-11-4-million-loss","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/exodus-crypto-wallet-reports-11-4-million-loss\/","title":{"rendered":"Exodus Crypto Wallet Reports $11.4 Million Loss"},"content":{"rendered":"<p>The developer of the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-custodial-and-non-custodial-crypto-wallets\">non-custodial crypto wallet<\/a> Exodus <a href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/03\/11\/3254132\/0\/en\/Exodus-Reports-Fourth-Quarter-2025-Results-with-Record-Full-Year-Revenue.html\">ended<\/a> 2025 with a net loss of $11.4 million. The previous year, the company recorded a profit of $113 million.<\/p>\n<p>Despite the negative outcome, Exodus achieved record annual revenue of $121.6 million, marking a 5% increase. The primary driver was the B2B platform XO Swap, with transaction volumes rising by 21% to $6.89 billion.<\/p>\n<p>The company&#8217;s financial losses were attributed to several factors:<\/p>\n<ul class=\"wp-block-list\">\n<li>A loss of $18.9 million from the revaluation of digital assets (compared to a profit of $96.1 million in 2024);<\/li>\n<li>Technology and customer support expenses rose by 37% to $62.9 million;<\/li>\n<li>Administrative costs increased by 68% to $66.3 million.<\/li>\n<\/ul>\n<p>The fourth quarter proved challenging due to a downturn in the crypto market. Revenue for this period fell by 34% to $29.5 million, with a net loss of $53.2 million. The number of active monthly users decreased from 2.3 million to 1.5 million.<\/p>\n<p>As of December 31, Exodus held reserves of $161.6 million. Of this, $149.2 million was in Bitcoin, $5.6 million in Ethereum, and $5.2 million in fiat and the stablecoin <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a>.<\/p>\n<p>The reduction in Bitcoin reserves was linked to a $60 million debt repayment to Galaxy Digital. The loan was used for the <a href=\"https:\/\/forklog.com\/en\/news\/exodus-utilises-bitcoin-loan-for-acquisition-of-baanx-and-monavate\">acquisition<\/a> of W3C Corp, the parent company of fintech services Baanx and Monavate.<\/p>\n<p>The acquisition will enable the launch of the Exodus Pay platform. According to CEO JP Richardson, the firm will gain independent infrastructure post-acquisition. This will simplify the technical integration of services and allow users to store and spend assets within a single application.<\/p>\n<p>In December 2025, to advance Exodus Pay, the company <a href=\"https:\/\/forklog.com\/en\/news\/exodus-wallet-and-moonpay-to-launch-usd-stablecoin\">agreed<\/a> with MoonPay and M0 to launch a dollar-pegged <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer of the non-custodial crypto wallet Exodus ended 2025 with a net loss of $11.4 million. The previous year, the company recorded a profit of $113 million.<\/p>\n","protected":false},"author":1,"featured_media":95175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Exodus ended 2025 with a net loss of $11.4 million, down from a $113 million profit the previous year.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1340,57],"class_list":["post-95174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-exodus","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"111","promo_type":"1","layout_type":"1","short_excerpt":"Exodus ended 2025 with a net loss of $11.4 million, down from a $113 million profit the previous year.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95174"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95174\/revisions"}],"predecessor-version":[{"id":95176,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95174\/revisions\/95176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95175"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}