First Quarter 2026 Revenue of $22.7 millionExodus Pay launches in all 50 states in April 2026  OMAHA, Neb., May  01, 2026  (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) (&#34;Exodus&#34;), a leading

EXOD

Exodus Reports Preliminary First Quarter 2026 Results

Exodus Reports Q1 Revenue Decline Amid Launch of Exodus Pay

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 <h3>Information</h3>
 First Quarter 2026 Revenue of $22.7 millionExodus Pay launches in all 50 states in April 2026 OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) (&amp;#34;Exodus&amp;#34;), a leading
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 <h3>AI Summary</h3>
 Exodus Movement, Inc. reported a revenue drop to $22.7 million in Q1 2026, down from $36 million a year prior, alongside a significant net loss in digital assets. The recent launch of Exodus Pay aims to diversify revenue streams and lessen dependence on volatile trading activity, which could stabilize future performance.
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 <h3>Key Points</h3>
 <ul><li>Exodus Q1 2026 revenue at $22.7 million, down from $36 million last year.</li><li>Net loss on digital assets approximately $36.4 million due to market movements.</li><li>Exodus Pay launched across all 50 states in April 2026.</li><li>Company aims to diversify revenue and reduce market volatility reliance.</li><li>1.4 million funded users as of Q1 2026, down 18% from last year.</li></ul>
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 <h3>Companies Mentioned</h3>
 <ul><li>Tether (USDT): Top traded asset affecting Exodus exchange volumes.</li><li>Ethereum (ETH): Key asset with significant volume impacting Exodus performance.</li><li>Monavate: Planned acquisition could strengthen Exodus&#039; product offerings.</li></ul>
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 <h3>Corporate Developments</h3>
 This falls under &#039;Corporate Developments&#039; as Exodus seeks to broaden its revenue base through new services amid challenging market conditions. Their strategy illustrates a proactive approach towards sustainability.
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 <h3>Market-Moving</h3>
 <ul><li>Revenue drop indicates potential challenges in maintaining investor confidence.</li><li>Launch of Exodus Pay may drive new user engagement and transaction volumes.</li><li>Continued market volatility could hinder the short-term recovery of digital asset values.</li><li>If user numbers stabilize, investor sentiment towards EXOD could improve.</li></ul>
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 <h3>Key Facts</h3>
 <ul><li>Q1 2026 revenue of $22.7 million, down from $36 million in Q1 2025.</li><li>Net loss on digital assets around $36.4 million in Q1 2026.</li><li>1.4 million funded users at Q1 end, down from 1.7 million in Q4 2025.</li><li>Exodus processed $1.18 billion in exchange volume, down 22% from Q4 2025.</li><li>Total digital assets and cash near $122.6 million as of March 31, 2026.</li></ul>
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 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 EXOD could recover in the medium term as Exodus Pay potentially boosts revenue stability.
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>First Quarter 2026 Revenue of $22.7 million Exodus Pay launches in all 50 states in April 2026 OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EXOD">EXOD</a>) (&#34;Exodus&#34;), a leading self-custodial cryptocurrency platform, today announced its preliminary unaudited results for the first quarter ended March 31, 2026. These results are based on currently available information, are subject to the completion of the Company's financial closing procedures and quarterly review, and may change materially. Exodus continues to execute on its long-term strategy of expanding beyond its core exchange business, with a focus on building a more comprehensive financial platform rooted in self-custody. During the quarter and subsequent period, the Company advanced key initiatives designed to diversify revenue streams and reduce reliance on market-driven trading activity, including the April 2026 launch of Exodus Pay across all 50 U.S. states and various global markets "We spent a decade building a wallet that millions of people trust with their crypto," said JP Richardson, Co-Founder and CEO of Exodus. "Now, we are creating the last financial app you will ever need, letting anyone pay with digital dollars, Bitcoin, and other borderless digital assets without ever leaving self-custody." Selected Financial Highlights (Preliminary) <ul type="disc"><li style="margin-top:12pt;">Revenue of approximately $22.7 million for the first quarter of 2026, compared to $36.0 million in the first quarter of 2025</li><li>Net loss on digital assets of approximately $36.4 million during the quarter, primarily reflecting market-driven price movements</li></ul> B2B Infrastructure and Revenue Drivers B2B swap partners generated exchange revenue representing 15% of the quarterly total revenue. 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 <ul type="disc"><li style="text-align:justify;">Exchange provider processed volume - $1.18 billion in Q1 2026, down 22% 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.</li><li style="text-align:justify;">Exodus monthly active users - 1.5 million as of March 31, 2026, unchanged from 1.5 million as of December 31, 2025.</li><li style="text-align:justify;">Exodus quarterly funded users - 1.4 million at end of Q1 2026, down 18% from 1.7 million as of December 31, 2025.</li><li style="text-align:justify;">Digital assets, cash, and cash equivalents - $122.6 million, including 628 units of Bitcoin valued at $42.8 million, 1,861 units of Ether valued at $3.9 million, and $74.4 million in cash and cash equivalents and stablecoins as of March 31, 2026.</li><li style="text-align:justify;">Full-time equivalent team members - approximately 220 as of March 31, 2026, up 5 from December 31, 2025.</li><li>Customer response time - average response time of less than 60 minutes in Q1. </li></ul> Market and Strategic Positioning During the first quarter, the Company continued to operate in a challenging digital asset market environment, with lower trading activity levels impacting revenue. In response, Exodus remains focused on strengthening the resilience of its business model by expanding into adjacent products and services that are less dependent on market volatility. The Company believes that its strong balance sheet and planned acquisitions position it to succeed through market cycles, including strategic initiatives such as the acquisition of Monavate and the continued rollout of Exodus Pay. "While market conditions impacted activity levels during the quarter, we are focused on building a more durable and diversified platform," said James Gernetzke, Chief Financial Officer of Exodus. "We believe our product expansion and capital position enable us to continue executing on our long-term strategy regardless of near-term market conditions." Investor Contact <a href="https://www.globenewswire.com/Tracker?data=dUEGvm6ZqGIS-Zehl7MWBpgfN3RuFtIAooUYiV6xTFlEMTaGoXyx2h95BgOAdhRIkKnmtO8Uob1ymoIBOrQAfAZeweeFyIRkkMBQVfaroPs=" rel="nofollow" target="_blank">investors@exodus.com</a> Media Contact Aubrey Strobel / Elena Nisonoff <a href="https://www.globenewswire.com/Tracker?data=6tVSUmWnnLY8ZyvySNAzKXRONDD0RCDNM6HQ_fHi_v82CCr97ol2xdqayJQ7jxhIJGMzqymIFQWRM3mUX_F-jjAVnBSxRmQYFcgeizFmIJk=" rel="nofollow" target="_blank">exodus@halcyonpr.xyz</a> 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: exodus.com/investors and exodus.com/blog, and social media platforms including X, Facebook, LinkedIn, and YouTube. Information Regarding Preliminary Results The Company's results for the quarter ended March 31, 2026 are preliminary and subject to the completion of the Company's financial closing procedures and review. Accordingly, the Company's actual results may differ materially from the selected preliminary financial and operating metrics presented herein. These preliminary results have been prepared by management based on currently available information and are subject to change as the Company completes its financial closing procedures and its independent registered public accounting firm completes its review. These preliminary results should not be viewed as a substitute for the Company's full financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP), and undue reliance should not be placed on them. 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: &#34;will,&#34; &#34;expect,&#34; &#34;would,&#34; &#34;should,&#34; &#34;intend,&#34; &#34;believe,&#34; &#34;expect,&#34; &#34;likely,&#34; &#34;believes,&#34; &#34;views,&#34; &#34;estimates,&#34; or other comparable terminology. Forward-looking statements in this document include, but are not limited to, our preliminary financial information, including digital asset holdings, exchange provider processed volumes and our fiscal quarter end results, management statements regarding management's confidence in our products, services, business trajectory and plans, including the acquisition of Monavate, and expectations regarding demand for our products, and our ability to deliver higher transaction volumes. 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. <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMTM5OCM3NTc4MjMzIzIyMDc0NDU="></img> <img alt="" src="https://ml.globenewswire.com/media/MDg5MzdiYmEtNmYxMy00NTVmLTg4MGQtY2VhZjg2ZDZlYzcyLTEyMTg5OTgtMjAyNi0wNS0wMS1lbg==/tiny/Exodus-Movement-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/7994e273-7033-4aaf-8204-2237b2a59ecf"><img src="https://ml.globenewswire.com/media/7994e273-7033-4aaf-8204-2237b2a59ecf/small/exodus-logo-dark-png.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a>

Exodus Movement, Inc. reported a revenue drop to $22.7 million in Q1 2026, down from $36 million a year prior, alongside a significant net loss in digital assets. The recent launch of Exodus Pay aims to diversify revenue streams and lessen dependence on volatile trading activity, which could stabilize future performance.

Exodus Reports Preliminary First Quarter 2026 Results

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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