Exodus Reports First Quarter 2026 Results
View original at globenewswire.com“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. ... Net loss $(32.1) [in USD millions for Q1 2026]”
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Net loss in Q1 2026 was $32.1 million, compared to $12.9 million in Q1 2025, a 149% increase in losses year-over-year
60% confidenceExchange provider processed volume was $1.18 billion in Q1 2026, down 26% from Q4 2025
60% confidenceTop assets traded in Q1 2026 were Bitcoin (29%), Tether TRX Network (14%), Tether ETH Network (11%), ETH (9%), and USDC ETH Network (7%) of volume
60% confidenceQuarterly funded users were 1.4 million at end of Q1 2026, down 18% from 1.7 million as of December 31, 2025
60% confidenceXO Swap's share of exchange volume has grown steadily since launch, reflecting demand for best-execution routing across liquidity sources
60% confidenceB2B swap partners generated $257 million in Q1 2026 volume, representing 22% of the quarterly total exchange volume
60% confidenceMonavate and Baanx are established providers of card and payments infrastructure, serving fintech, crypto, and enterprise clients worldwide
60% confidenceTotal digital assets, cash, and cash equivalents were $122.6 million as of March 31, 2026, including $42.8M Bitcoin, $3.9M Ether, and $74.4M cash, cash equivalents, and stablecoins
60% confidenceFull-time equivalent team members were approximately 220 as of March 31, 2026, up 5 from December 31, 2025
60% confidenceExodus monthly active users were 1.5 million as of March 31, 2026, unchanged from December 31, 2025
60% confidenceGeneral and administrative expense was $15.5 million in Q1 2026, up 8% from $14.3 million in Q1 2025
60% confidenceLoss on digital assets, net was $36.4 million in Q1 2026, compared to $28.8 million in Q1 2025, a 26% increase
60% confidenceAverage customer response time was less than 60 minutes in Q1 2026
60% confidenceTechnology, development and user support expense was $16.2 million in Q1 2026, up 9% from $14.9 million in Q1 2025
60% confidenceQ1 2026 revenue was $22.7 million, down 37% from $36.0 million in Q1 2025
60% confidence