Exodus Q3 Revenue Up 51% on Bitcoin Boost, Acquires Grateful
Exodus Movement reported Q3 2025 revenue of $30.3 million, up 51% year-on-year, driven by increased Bitcoin swap activity and exchange volumes. Net income rose to $17 million from $0.8 million a year earlier. The company’s digital and liquid assets totaled $314.7 million, including 2,123 BTC, 2,770 ETH and $50.8 million in cash. Exodus Movement also acquired Grateful, a Latin America stablecoin payments platform, to expand in emerging markets and diversify revenue. CFO James Gernetzke noted that 60–65% of monthly income comes from Bitcoin payments by liquidity providers, with strategic USDC conversions to manage liquidity. Exchange‐provider volume reached $1.75 billion, an 82% increase year-on-year.
Bullish
Strong Q3 results and a strategic acquisition signal confidence in Exodus Movement’s business model. A 51% revenue increase driven by Bitcoin swap activity underscores growing adoption and fee income stability. The Grateful acquisition broadens payment services in Latin America, diversifying revenue beyond Bitcoin. Similar to past positive earnings reports, these developments are likely to boost trader sentiment and support a bullish outlook in both short-term price movements and long-term market confidence.