Exodus Movement, Inc. Earnings Recaps
Q1 2026
May 14, 2026
Exodus shares declined 1.0% following the quarter as the company continued to show crypto-dependent revenue deceleration despite progress on diversifying with recent acquisitions; investors appear skeptical about the near-term impact of the new payments initiatives on profitability and growth.
Key takeaways
- Trading volumes and digital asset prices fell in Q1, continuing a crypto-driven revenue downturn.
- The Monavate and Baanx acquisitions were closed, marking a strategic shift toward recurring payment-related revenue streams separate from crypto volatility.
- Exodus Pay launched nationwide (US, Canada, parts of Europe) with initial traction, adding a new payment product to the suite.
- The company introduced XO Cash stablecoin aimed at AI agent payments, signaling innovation but with uncertain immediate financial impact.
- Partnership announced with UFC for brand exposure and distribution, but financial benefits remain to be seen.
Q3 2025
Nov 10, 2025
Exodus Movement, Inc. reported a strong Q3 2025 with revenues reaching $30.3 million, reflecting a 51% year-over-year growth, bolstered by rising digital asset prices and strategic partnerships.
Key takeaways
- Revenue increased significantly, driven by a favorable digital asset market and growing B2B swap partnerships, totaling $1.75 billion in quarterly swap volume.
- The company announced the acquisition of Grateful, enhancing its stablecoin payment capabilities and expanding its merchant checkout experience.
- Monthly active users remained stable at 1.5 million, with a 20% increase in quarterly funded users, indicating strong user retention and engagement.
- Non-exchange related revenue surpassed 10% for the first time, highlighting growth in staking and ExoPay products.
- Exodus is strategically positioning itself for future innovations in real-world asset tokenization and potential Bitcoin dividends for shareholders.