Exodus ended 2025 with a net loss of $11.4 million, down from a $113 million profit the previous year.

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.

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.

The company’s…