Exodus Movement Quarterly: Net loss of about $10 million, holding $121.30 million BTC and ETH

On August 17th, self-custodial wallet company Exodus Movement released its first quarterly financial statements since its stock (ticker: EXOD) was listed on NYSE American, a unit of the New York Stock Exchange, in May. The report said that revenue in the second quarter increased by 80% year-on-year to $22.30 million. However, the company's cost of revenue also increased, with a quarterly loss of nearly $10 million, compared to a profit of $1.90 million in the same period last year. The number of monthly active users in the quarter also rose slightly to 1.50 million from 1.20 million in the same period last year. Exodus' funds are mainly concentrated in digital assets. The company holds about $70.70 million in cash and cash equivalents, including stablecoins and U.S. Treasury bonds, as well as $195.50 million in digital assets, including $121.30 million in Bitcoin and Ethereum tokens.