📊 EXOD Key Takeaways
Is Exodus Movement, Inc. (EXOD) a Good Investment?
Exodus Movement is a fundamentally unprofitable financial services company burning cash operationally with -$141.3% net margin and negative $2.6M operating cash flow. Net income has deteriorated 110% year-over-year while the business generates minimal revenue growth (4.5% YoY), indicating the core operations cannot sustain profitability. While the strong balance sheet ($72.9M cash, $218.7M equity, zero debt) provides a cash runway of ~28-30 periods, it masks an underlying broken business model incapable of generating operating profits.
Exodus Movement shows modest top-line growth, but that growth is not translating into profitability or cash generation, with negative operating margin, negative net margin, and materially negative free cash flow. The balance sheet is exceptionally strong with very low liabilities, no meaningful debt, and high liquidity, but current fundamentals suggest weak growth quality and limited evidence of operating leverage. Unless margins and operating cash flow improve, the company appears fundamentally pressured despite its financial flexibility.
Exodus Movement, Inc. Key Strengths (EXOD)
- Fortress balance sheet with $218.7M stockholders equity and zero debt leverage (0.00x debt/equity)
- Excellent liquidity position: $72.9M cash with 14.20x current ratio provides ~2.5-3 year cash runway at current burn rate
- Positive gross profit of $38.7M indicates some revenue generation despite operating losses
- Very strong balance sheet with $247.41M of equity against only $19.35M of liabilities
- High liquidity with 13.49x current and quick ratios, reducing near-term financial stress
- Revenue is still growing year over year, indicating the business has not stalled
EXOD Stock Risks: Exodus Movement, Inc. Investment Risks
- Catastrophic operating losses of -$40.8M with -179.4% operating margin indicate core business is fundamentally unprofitable
- Negative operating cash flow (-$2.6M) shows the company burns cash operationally despite recognizing revenue
- Profitability deteriorating sharply with net income down 110% YoY; operating losses widening not contracting
- Anomalous 170% gross margin (gross profit exceeds revenue) suggests potential accounting irregularities or data quality issues requiring investigation
- High insider activity (13 Form 4 filings in 90 days) may signal insider concern or uncertainty about company direction
- Limited time horizon: even with $72.9M cash, burn rate implies eventual liquidity crisis within 2-3 years without achieving profitability
- Operating losses remain significant, with a -17.0% operating margin and -9.3% net margin
- Cash generation is weak, with -$25.56M operating cash flow and -$25.83M free cash flow
- Earnings quality appears to be deteriorating, as net income fell sharply year over year despite revenue growth
Key Metrics to Watch
- Operating cash flow trend - must return to positive to validate business viability
- Operating margin improvement trajectory - currently -179.4% with no clear path to breakeven
- Revenue growth acceleration - 4.5% YoY growth insufficient to offset expanding operating losses
- Cash burn rate sustainability - company must achieve operating profitability before runway exhaustion
- Gross profit reconciliation - investigate 170% margin anomaly and cost of sales structure
- Operating cash flow and free cash flow trend
- Operating margin improvement versus revenue growth
Exodus Movement, Inc. (EXOD) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 14.20x current ratio provides a solid financial cushion.
EXOD Profit Margin, ROE & Profitability Analysis
EXOD vs Finance Sector: How Exodus Movement, Inc. Compares
How Exodus Movement, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Exodus Movement, Inc. Stock Overvalued? EXOD Valuation Analysis 2026
Based on fundamental analysis, Exodus Movement, Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Exodus Movement, Inc. Balance Sheet: EXOD Debt, Cash & Liquidity
EXOD Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Exodus Movement, Inc.'s revenue has shown modest growth of 5% over the 5-year period.
EXOD Revenue Growth, EPS Growth & YoY Performance
EXOD Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $22.7M | -$12.9M | N/A |
| Q3 2025 | $20.1M | $843.0K | N/A |
| Q2 2025 | $22.3M | -$9.6M | N/A |
| Q1 2025 | $29.1M | -$12.9M | N/A |
| Q3 2024 | $12.0M | -$251.0K | N/A |
| Q2 2024 | $12.4M | $773.0K | N/A |
| Q1 2024 | $13.3M | $773.0K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Exodus Movement, Inc. Dividends, Buybacks & Capital Allocation
EXOD SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Exodus Movement, Inc. (CIK: 0001821534)
📋 Recent SEC Filings
❓ Frequently Asked Questions about EXOD
What is the AI rating for EXOD?
Exodus Movement, Inc. (EXOD) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 83% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EXOD's key strengths?
Claude: Fortress balance sheet with $218.7M stockholders equity and zero debt leverage (0.00x debt/equity). Excellent liquidity position: $72.9M cash with 14.20x current ratio provides ~2.5-3 year cash runway at current burn rate. ChatGPT: Very strong balance sheet with $247.41M of equity against only $19.35M of liabilities. High liquidity with 13.49x current and quick ratios, reducing near-term financial stress.
What are the risks of investing in EXOD?
Claude: Catastrophic operating losses of -$40.8M with -179.4% operating margin indicate core business is fundamentally unprofitable. Negative operating cash flow (-$2.6M) shows the company burns cash operationally despite recognizing revenue. ChatGPT: Operating losses remain significant, with a -17.0% operating margin and -9.3% net margin. Cash generation is weak, with -$25.56M operating cash flow and -$25.83M free cash flow.
What is EXOD's revenue and growth?
Exodus Movement, Inc. reported revenue of $22.7M.
Does EXOD pay dividends?
Exodus Movement, Inc. does not currently pay dividends.
Where can I find EXOD SEC filings?
Official SEC filings for Exodus Movement, Inc. (CIK: 0001821534) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EXOD's EPS?
Exodus Movement, Inc. has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is EXOD's fundamental grade?
Based on our AI fundamental analysis in June 2026, Exodus Movement, Inc. has a C grade with 83% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is EXOD stock overvalued or undervalued?
Valuation metrics for EXOD: ROE of -14.7% (sector avg: 12%), net margin of -141.3% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is EXOD's AI grade for 2026?
Our dual AI analysis gives Exodus Movement, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is EXOD's free cash flow?
Exodus Movement, Inc.'s operating cash flow is $-2.6M, with capital expenditures of $26.0K. FCF margin is -11.5%.
How does EXOD compare to other Finance stocks?
Vs Finance sector averages: Net margin -141.3% (avg: 25%), ROE -14.7% (avg: 12%), current ratio 14.20 (avg: 1.2).