Exodus Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $32.5 million, up 7% year over year
- ➤Net loss $8.3 million versus $17.0 million net income
- ➤Adjusted EBITDA loss $3.9 million versus $5.9 million profit
- ➤Combined annual costs targeted to fall approximately $30 million entering 2027
- ➤Quarterly funded users rose 7.7% to 1.4 million
Expert Statements
JP Richardson, CEO of Exodus
“This quarter, we made substantial progress bringing Exodus, Monavate and Baanx together, combining our teams and simplifying how we operate.”
JP Richardson, CEO of Exodus
“We are building toward a financial system where anyone can receive money, invest it and spend it as easily as they send a message, while retaining control of their assets.”
JP Richardson, CEO of Exodus
“Exodus started by giving people control over their crypto. Through Exodus Wallet and XO Suite, the enterprise platform we are building, we are extending that foundation into everyday financial activity, both in our own app and other companies' products.”
JP Richardson, CEO of Exodus
“As AI agents begin to transact on behalf of people and businesses, they will need that same infrastructure, with clear permissions and spending limits.”
JP Richardson, CEO of Exodus
“Our goal is to make Exodus a foundation for how people, businesses, and their agents use money.”
OMAHA, Neb., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial finance and payments platform, today announced its unaudited results for the third quarter ended September 30, 2026.
"This quarter, we made substantial progress bringing Exodus, Monavate and Baanx together, combining our teams and simplifying how we operate," said JP Richardson, CEO of Exodus. "We are building toward a financial system where anyone can receive money, invest it and spend it as easily as they send a message, while retaining control of their assets. Exodus started by giving people control over their crypto. Through Exodus Wallet and XO Suite, the enterprise platform we are building, we are extending that foundation into everyday financial activity, both in our own app and other companies' products. As AI agents begin to transact on behalf of people and businesses, they will need that same infrastructure, with clear permissions and spending limits. Our goal is to make Exodus a foundation for how people, businesses, and their agents use money."
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