Exodus reports Q1 2026 revenue of $22.7 million and announces acquisition of Monavate and Baanx.
Quiver AI Summary
Exodus Movement, Inc. reported first-quarter 2026 revenues of $22.7 million, marking a 37% decrease from $36.0 million in the same quarter of 2025. The company also announced the successful acquisition of Monavate and Baanx, both providers of payment infrastructure for fintech and crypto clients. Notable operational highlights include a processed trading volume of $1.18 billion, a 26% decline from the previous quarter, and stable monthly active user figures of 1.5 million. However, quarterly funded users fell by 18% to 1.4 million. Exodus held its inaugural Shareholder Summit to discuss new business operations and product features and is set to host a webcast to discuss its financial results further.
Potential Positives
- First Quarter 2026 revenue of $22.7 million, indicating the company's ongoing ability to generate significant income.
- Successful closing of the acquisition of Monavate and Baanx, enhancing Exodus's card and payments infrastructure for fintech and crypto clients.
- Exodus held its inaugural Shareholder Summit, promoting transparency and engagement with stakeholders by discussing expanded business operations and new product features.
- Exodus has reported a monthly active user base of 1.5 million, maintaining stable user engagement compared to the previous quarter.
Potential Negatives
- Revenue decreased by 37% compared to Q1 2025, indicating a significant decline in financial performance.
- Net loss increased by 149% from the previous year, raising concerns about the company’s financial sustainability.
- Quarterly funded users dropped by 18% from the previous quarter, suggesting a decline in active customer engagement.
FAQ
What were Exodus Movement's Q1 2026 revenue figures?
Exodus reported a revenue of $22.7 million for Q1 2026, down 37% from $36.0 million in Q1 2025.
What acquisitions did Exodus announce in May 2026?
Exodus announced the closing of its acquisition of Monavate Holdings Limited and Baanx US Corp., enhancing its card and payments infrastructure.
How many active users does Exodus have as of Q1 2026?
Exodus had 1.5 million monthly active users as of March 31, 2026, unchanged from the previous quarter.
When is the Exodus Q1 2026 webcast scheduled?
The webcast for Exodus's Q1 2026 fiscal results is set for May 12, 2026, at 8:30 AM Eastern Time.
What financial losses did Exodus report in Q1 2026?
Exodus reported a net loss of $32.1 million in Q1 2026, which is a 149% increase from the $12.9 million loss in Q1 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EXOD Insider Trading Activity
$EXOD insiders have traded $EXOD stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $EXOD stock by insiders over the last 6 months:
- MARGARET KNIGHT has made 0 purchases and 2 sales selling 270 shares for an estimated $1,898.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EXOD Revenue
$EXOD had revenues of $29.4M in Q4 2025. This is a decrease of -34.39% from the same period in the prior year.
You can track EXOD financials on Quiver Quantitative's EXOD stock page.
You can access data on EXOD stock through the Quiver Quantitative API.
$EXOD Hedge Fund Activity
We have seen 16 institutional investors add shares of $EXOD stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 39,096 shares (+86.1%) to their portfolio in Q1 2026, for an estimated $254,124
- G2 INVESTMENT PARTNERS MANAGEMENT LLC removed 37,508 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $554,743
- FLOYD FINANCIAL GROUP LLC removed 34,659 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $512,606
- MARSHALL WACE, LLP removed 31,946 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $472,481
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 30,846 shares (-28.5%) from their portfolio in Q4 2025, for an estimated $456,212
- VANGUARD GROUP INC removed 27,834 shares (-7.2%) from their portfolio in Q4 2025, for an estimated $411,664
- GEODE CAPITAL MANAGEMENT, LLC added 19,304 shares (+16.5%) to their portfolio in Q4 2025, for an estimated $285,506
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$EXOD Analyst Ratings
Wall Street analysts have issued reports on $EXOD in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 11/25/2025
- HC Wainwright & Co. issued a "Buy" rating on 11/25/2025
To track analyst ratings and price targets for $EXOD, check out Quiver Quantitative's $EXOD forecast page.
$EXOD Price Targets
Multiple analysts have issued price targets for $EXOD recently. We have seen 3 analysts offer price targets for $EXOD in the last 6 months, with a median target of $21.0.
Here are some recent targets:
- Andrew Harte from BTIG set a target price of $20.0 on 03/12/2026
- Mark Palmer from Benchmark set a target price of $21.0 on 03/12/2026
- Kevin Dede from HC Wainwright & Co. set a target price of $25.0 on 12/18/2025
Full Release
First Quarter 2026 Revenue of
$22.7 million
Announces closing of acquisition o
f Monavate and Baanx
OMAHA, Neb., May 11, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced its unaudited results for the first quarter ended March 31, 2026.
First Quarter 2026 Financial Highlights (Unaudited)
| In USD millions, except percentages | Q1 2026 | Q1 2025 | % Change |
| Revenue | $ 22.7 | $ 36.0 | (37 %) |
| Technology, development and user support | 16.2 | 14.9 | 9 % |
| General and administrative | 15.5 | 14.3 | 8 % |
| Loss on digital assets, net | 36.4 | 28.8 | (26 %) |
| Net loss | $ (32.1 ) | $ (12.9 ) | (149 %) |
Successful Closing of Monavate and Baanx Acquisition
On May 1, 2026, Exodus announced the closing of the acquisition of the Monavate Holdings Limited (“Monavate”), Baanx US Corp., and Baanx.com Ltd. (“Baanx”). Monavate and Baanx are established providers of card and payments infrastructure, serving fintech, crypto, and enterprise clients worldwide.
Exodus Summit
On May 1, 2026, Exodus held its inaugural Exodus Shareholder Summit where leadership discussed the expanded business operations, introduced new product features, and announced important new marketing relationships. To access a replay, please use this
link
.
B2B Infrastructure and Revenue Drivers
B2B swap partners generated $257 million in Q1 volume, representing 22% of the quarterly total. XO Swap’s share of exchange volume has grown steadily since launch, reflecting demand for best-execution routing across liquidity sources.
First Quarter Operational and Other Financial Highlights
- Exchange provider processed volume - $1.18 billion in Q1 2026, down 26% from Q4 2025. Bitcoin, Tether (TRX Network), Tether (ETH Network), ETH, and USDC (ETH Network) were the top assets traded in Q1 2026, at 29%, 14%, 11%, 9%, and 7% of volume, respectively.
- Exodus monthly active users - 1.5 million as of March 31, 2026, unchanged from 1.5 million as of December 31, 2025.
- Exodus quarterly funded users - 1.4 million at end of Q1 2026, down 18% from 1.7 million as of December 31, 2025.
- Digital assets, cash, and cash equivalents - $122.6 million, including $42.8 million of Bitcoin, $3.9 million of Ether, and $74.4 million in cash and cash equivalents and stablecoins as of March 31, 2026.
- Full-time equivalent team members - approximately 220 as of March 31, 2026 up 5 from December 31, 2025.
- Customer response time - average response time of less than 60 minutes in Q1.
Q1 2026 Webcast
Exodus will host a webcast of its first quarter 2026 fiscal results beginning at 8.30 AM (Eastern Time) on May 12, 2026. To access the webcast, please use this link . It will also be available on the company’s website www.exodus.com . Supplementary materials will also be made available prior to the webcast on the “Investor Relations” section of the Company website.
Investor Contact
[email protected]
Media Contact
Aubrey Strobel/Elena Nisonoff, Halcyon Communications
[email protected]
Disclosure Information
Exodus may use its website and the following social media outlets as distribution channels of material nonpublic information about the Company. Financial and other important information regarding the Company is routinely accessible through and posted on the following: websites exodus.com/investors and exodus.com, and social media: X, Facebook, LinkedIn, and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: "will," "expect," "would," "should," "likely," "believes," "views," "estimates," or other comparable terminology.
Forward-looking statements in this document include, but are not limited to, Exodus’s product diversification, revenue diversification, and acquisition integration. Such forward-looking statements involve 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. Such factors include 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 11, 2026, 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.
