GlobeNewswire·Nov 9, 2026, 4:55 PM ET

Exodus Reports Third Quarter 2026 Results

Exodus Movement reported third quarter 2026 revenue of $32.5 million, a 7% increase from $30.3 million in Q3 2025.
The company recorded a net loss attributable to Exodus Movement of $8.3 million for Q3 2026, compared to net income of $17.0 million in the prior year period.
CEO JP Richardson announced substantial progress in integrating Exodus, Monavate, & Baanx to simplify operations & build a foundation for AI agent transactions.
Cost synergy initiatives from the Monavate acquisition aim to reduce combined annual costs by approximately $30 million by 2027.
Monthly Active Users (MAUs) remained steady at 1.4 million, while Quarterly Funded Users (QFUs) rose 7.7% to 1.4 million.
Total swap volume decreased 3.4% to $1.1 billion, & Gross Transaction Volume for the quarter was also $1.1 billion.
The company reported 1.6 million active cards during the third quarter of 2026.
Adjusted EBITDA for Q3 2026 was a loss of $3.9 million, contrasting with positive Adjusted EBITDA of $5.9 million in Q3 2025.
General & administrative expenses increased 94% to $28.9 million, while partnership expenses decreased 32% to $3.1 million.
A webcast to discuss the Q3 2026 fiscal results was scheduled for November 9, 2026, at 5:00 p.m. ET.