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Exodus Movement, Inc.
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This presentation contains “forward-looking statements” as that term is defined by the federal securities laws. All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the date made. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. Forward-looking statements in this presentation include statements concerning: There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements, including those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward- looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Forward looking statements However, there can be no assurance that our expectations, beliefs, and projections will be achieved. Forward-looking statements are generally identified by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “forecast,” as well as variations of such words or similar expressions.
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Empowering individuals to control their lives in a digital world Exodus Mission
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Secure & trusted platform to easily acquire, self-custody and trade digital assets Founded 2015 in Omaha, Nebraska USA ~$23B Exchange volume since 2017 1.7MM Funded users1 $127MM LTM Revenue1 $291MM Digital and liquid assets1 1 As of June 30, 2025 Expanding market and regulatory tailwinds Large addressable market and user base Powerful ecosystem of global partners Scalable, high margin model Strategic balance sheet Purpose built platform for future of digital money Investment Highlights
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Problem Exodus Solution • Digital native, differentiated technology and platform • Trusted, secure, multi-chain and self custody wallet with superior UX • Purpose built for ever-expanding number of blockchains, stablecoins and tokens • Legacy infrastructure of existing financial systems • Financial system of future requires modern technology • Rapidly expanding digital assets ecosystem Delivering Trusted Access to the Future of Finance Financial infrastructure must rapidly evolve with technological advancements and supportive digital assets regulation
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Global crypto market cap1 $3T+ Stablecoins Transaction Volume2 $37T+ Global M2 Supply3 $95T+ 1 Coin Market Cap, as of July 2025 2 Visa Onchain Dashboard, as of July 2025 3 Street Stats, as of July 2025 Large and Expanding Total Addressable Market
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Fiat On / Off-boarding* Buy and sell digital assets with ease using a bank account or debit card Payments Supports vast spectrum of stablecoins across all relevant blockchains Trade* Simple, easy to execute transactions for all your digital assets XO Pay Use your Exodus wallet to mark direct payments in digital assets or fiat Stake / Earn* Earn yield natively through the Exodus platform Self Custody Enhanced security and privacy through self-control of digital assets * Exchange aggregation, staking and fiat onboarding services provided by third -party API providers Exodus Platform & Wallet Delivering self-custody of digital assets and deep liquidity across 40+ blockchain networks, thousands of pairs
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Exchange Aggregator-as-a- Service - a full branded experience or white-label with a simple API integration Frictionless solution to embed wallets directly within user applications. Enables Web3 functionality and accelerates dApp integration Payment rails enabling users to purchase stablecoins and crypto directly in Exodus and partner apps empowering the modern payment process Exodus B2B Offerings Exodus offers a wide range of partners access to its platform via APIs to support digital assets
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Leading hardware wallet for digital assets Our collaboration with Exodus represents our mission to deliver more choice to users and aims to enhance user autonomy. Pascal Gauthier, CEO of Ledger Web3 wallets for NFTs We are consistently striving to improve the functionality of our mobile wallet in the cross-chain ecosystem. There is no doubt that collaborating with a best-in-class partner like Exodus helped elevate the project significantly. Jack Lu, CEO of Magic Eden Representative Exodus Partners Partners access Exodus’ platform to transact via API
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Users Exodus users Institutions and enterprises API Partners Exchanges Aggregators Merchants Payment Platforms Exodus routes best quote to end user API Partners provide competitive quote to fulfill order End user propose transaction Exodus earns a percentage of the transaction (order/ payment / trade) among end user and API Partner Business Model A simple, competitive flow – digital asset-native, from quote to settlement, powered by API partners
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JP Richardson Providing meaningful thought leadership and advocating for broader adoption of digital assets Stablecoins are rapidly modernizing today’s financial systems Exodus has been supporting stablecoin functionality for years Exodus has built a secure, flexible, multi-chain and self-custody platform Exodus Positioned to Benefit From Major Tokenization Trends Stablecoins accelerate adoption and trading of digital assets, including tokenized stocks, bonds, and other RWA
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Benefit from Industry Tailwinds • Positive regulatory backdrop • Technology re-platforming • Rising adoption and use cases Grow User Base • Increase awareness of Exodus offerings • Deepen penetration in global markets • Increase user engagement Drive Partnerships and Offerings • Build on existing relationships • Sign new partnerships • Layer in new products Pursue Strategic Acquisitions • Accelerate roadmap • Scale up • Augment talent Exodus is Poised for the Next Phase of Growth
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1 Scalable revenue model 2 Numerous growth opportunities 3 Capital efficient, high margin business 4 Strong operating leverage 5 Strategic balance sheet / treasury $127 million LTM Revenue1 200+ Headcount (FTE team members) ~$23 billion Exchange volume (Jan 1, 2017 - June 30, 2025) Exodus Financial Highlights Focused on revenue growth, operational efficiencies, and leveraging strategic scale
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Approximately 2/3 of users are based outside of the US (% of total for LTM 6/30/25) Revenue By Channel (% of total for FY2024 1) Revenue By Type Partnership strategy launch 2H2024 Broad exposure to multiple blockchains Partnerships 13% Exodus Users 87% Other digital assets 33% BTC 31% Stablecoins2 23% ETH 12% 1 Based on Exchange Aggregator revenues 2 Stablecoins include USDT and USDC Diversified Revenue Mix Fortifies Financial Profile
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Annual Volumes Revenues $2.7B $5.7B $2.4B $3.6B 2023 2024 H1/24 H1/25 +114% +48% $56MM $116MM $51MM $62MM 2023 2024 H1/24 H1/25 +107% +20% Volume and Revenue
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Cash, Treasury bills, and digital assets1 Bitcoin (BTC) Bitcoin (BTC): $220.5MM Cash, cash equivalents, & USDC2: $58.1MM Ethereum (ETH): $6.8MM Other Digital Assets: $5.9MM ETH 2% Other Digital Assets 2% ~$291 million BTC 63% Cash 17% 1,941 2,058 Dec-24 Jul-25 +8% 1 As of June 30, 2025 2 Includes cash, USDC and treasury bills Balance Sheet Balance sheet is a significant strategic asset with no debt
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Matias Olivera Chief Technology Officer Daniel Castagnoli Co-Founder & President of 3Zero James Gernetzke Chief Financial Officer JP Richardson Co-Founder & Chief Executive Officer Margaret Knight Carol MacKinlay Tyler Skelton JP Richardson Daniel Castagnoli Board of Directors Visionary Leadership Industry pioneers with crypto-native heritage bridging to a digital future
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Expanding market and regulatory tailwinds Large and growing user base Powerful ecosystem of global partners Scalable, high margin model Strategic balance sheet Purpose built platform for future of digital money Summary Highlights
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Thank you