OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE:EXOD) ("Exodus"), 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)
Revenue of approximately $22.7 million for the first quarter of 2026, compared to $36.0 million in the first quarter of 2025
Net loss on digital assets of approximately $36.4 million during the quarter, primarily reflecting market-driven price movements
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
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 ...
