Quarterly ResultAug 10, 2026, 04:13 PM
Exodus Reports Q2 Net Loss of $18.6M; Revenue Up 2%
AI Summary
Exodus Movement, Inc. reported a net loss of $18.6 million for Q2 2026, a significant decline from a $37.7 million net income in Q2 2025, despite a 2% revenue increase to $26.2 million. The results include contributions from the strategic acquisition of Monavate and Baanx, completed on May 1, 2026, which the CEO highlighted as core to diversifying financial services. The company also launched new marketing partnerships with UFC and Latin American streaming platforms. Operational metrics like Monthly Active Users and Total Swap Volume saw declines from Q1 2026.
Key Highlights
- Q2 2026 Net Loss: $(18.6) million, compared to $37.7 million net income in Q2 2025.
- Q2 2026 Revenue: $26.2 million, a 2% increase year-over-year.
- General and administrative expenses: $44.7 million, up 138% YoY.
- Completed strategic acquisition of Monavate and Baanx on May 1, 2026.
- Launched new marketing partnerships with UFC and Latin American streaming services.
- Monthly Active Users (MAUs): 1.4 million, down 6.7% from Q1 2026.
- Total Swap Volume: $1.1 billion, down 8.3% from Q1 2026.
- Monavate processed 1.1 million active unique cards in Q2 2026.
Price Impact
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