Exodus Reports $11.4 Million Net Loss Despite Record Revenue in 2025

Exodus has reported a net loss of $11.4 million for the year 2025, despite achieving a record annual revenue of $121.6 million, marking a 5% increase compared to the previous year. According to NS3.AI, the company attributed the revenue growth to the performance of XO Swap, which saw a 21% rise in full-year swap volume, reaching $6.89 billion. The net loss was primarily due to an $18.9 million loss on digital assets and increased operating expenses.