{"id":961102,"date":"2026-05-11T18:59:02","date_gmt":"2026-05-11T22:59:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/exodus-reports-first-quarter-2026-results\/"},"modified":"2026-05-11T18:59:02","modified_gmt":"2026-05-11T22:59:02","slug":"exodus-reports-first-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exodus-reports-first-quarter-2026-results\/","title":{"rendered":"Exodus Reports First Quarter 2026 Results"},"content":{"rendered":"
\n

\n First Quarter 2026 Revenue of<\/em>
\n $22.7 million<\/em>
\n
\n Announces closing of acquisition o<\/em>
\n f Monavate and Baanx<\/em>\n <\/p>\n

OMAHA, Neb., May 11, 2026 (GLOBE NEWSWIRE) — Exodus Movement, Inc.<\/strong> (NYSE American: EXOD) (“Exodus”), a leading self-custodial cryptocurrency platform, today announced its unaudited results for the first quarter ended March 31, 2026.<\/p>\n

\n First Quarter 2026 Financial Highlights (Unaudited)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n
\n
\n In USD millions, except percentages<\/em>
\n <\/strong>\n <\/td>\n		\n Q1 2026<\/strong>\n <\/td>\n\n Q1 2025<\/strong>\n <\/td>\n\n
\n % Change<\/em>
\n <\/strong>\n <\/td>\n<\/tr>\n
\n Revenue<\/strong>\n <\/td>\n\n $<\/strong>
\n 22.7<\/strong>\n <\/td>\n		\n $<\/strong>
\n 36.0<\/strong>\n <\/td>\n		\n (37<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
Technology, development and user support<\/td>\n16.2<\/td>\n14.9<\/td>\n\n 9<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
General and administrative<\/td>\n15.5<\/td>\n14.3<\/td>\n\n 8<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Loss on digital assets, net<\/td>\n36.4<\/td>\n28.8<\/td>\n\n (26<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
\n Net loss<\/strong>\n <\/td>\n\n $<\/strong>
\n (32.1<\/strong>
\n )<\/strong>\n <\/td>\n		\n $<\/strong>
\n (12.9<\/strong>
\n )<\/strong>\n <\/td>\n		\n (149<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n <\/strong>\n <\/p>\n

\n Successful Closing of Monavate and Baanx Acquisition<\/strong>
\n
On May 1, 2026, Exodus announced the closing of the acquisition of the Monavate Holdings Limited (\u201cMonavate\u201d), Baanx US Corp., and Baanx.com Ltd. (\u201cBaanx\u201d). Monavate and Baanx are established providers of card and payments infrastructure, serving fintech, crypto, and enterprise clients worldwide.<\/p>\n

\n Exodus Summit <\/strong>
\n
On May 1, 2026, Exodus held its inaugural Exodus Shareholder Summit where leadership discussed the expanded business operations, introduced new product features, and announced important new marketing relationships. To access a replay, please use this link<\/u><\/a>.<\/p>\n

\n B2B Infrastructure and Revenue Drivers<\/strong>
\n
B2B swap partners generated $257 million in Q1 volume, representing 22% of the quarterly total. XO Swap\u2019s share of exchange volume has grown steadily since launch, reflecting demand for best-execution routing across liquidity sources.<\/p>\n

\n First Quarter Operational and Other Financial Highlights<\/strong>\n <\/p>\n