Quarterly ResultMay 1, 2026, 08:44 AM
EXOD Q1 2026 Revenue $22.7M; Exodus Pay Launches in 50 States
AI Summary
Exodus Movement, Inc. reported preliminary unaudited Q1 2026 revenue of $22.7 million, a decrease from $36.0 million in Q1 2025. The company also reported a net loss on digital assets of $36.4 million due to market-driven price movements. Despite challenging market conditions, Exodus launched Exodus Pay across all 50 U.S. states and various global markets in April 2026, aiming to diversify revenue and reduce reliance on trading activity. The company continues to focus on expanding its self-custodial financial platform.
Key Highlights
- Exodus Pay launched in all 50 U.S. states and global markets in April 2026.
- Q1 2026 preliminary revenue was $22.7 million, down from $36.0 million in Q1 2025.
- Net loss on digital assets was $36.4 million in Q1 2026, primarily from market price movements.
- Exchange provider processed volume was $1.18 billion in Q1 2026, down 22% from Q4 2025.
- Monthly active users remained flat at 1.5 million as of March 31, 2026.
- Quarterly funded users decreased 18% to 1.4 million as of March 31, 2026.
- Digital assets, cash, and cash equivalents totaled $122.6 million as of March 31, 2026.
- Full-time equivalent team members increased by 5 to approximately 220.