Exodus Movement (EXOD) investor relations material

Executive summary

• Q1 2026 revenue was $22.7 million, a 37% decrease year-over-year, with net loss widening to $32.1 million from $12.9 million, mainly due to digital asset volatility and increased expenses.

• Closed acquisitions of Monavate and Baanx in May 2026, marking a major strategic shift to a full-stack financial services model and expanding card and payments infrastructure capabilities.

• Launched Exodus Pay, now live in all 50 US states, Canada, and parts of Europe, and announced XO Cash and AgentKit to expand payment capabilities.

• Became the official payments partner of the UFC, providing global brand exposure and new distribution channels.

• Held inaugural Shareholder Summit to discuss expanded operations and new product features.

Financial highlights

• Q1 2026 revenue was $22.7 million, down 23% sequentially and 37% year-over-year; exchange volume was $1.18 billion, down 26% from Q4.

• Net loss widened to $32.1 million, with loss on digital assets, net, at $36.4 million, up 26% from Q1 2025.

• Technology, development, and user support expenses rose 9% to $16.2 million; general and administrative expenses increased 8% to $15.5 million.

• Cash, cash equivalents, and digital assets totaled $122.6 million as of March 31, 2026; cash and equivalents, including stablecoins, were $74.4 million.

• Bitcoin holdings were $42.8 million and Ether holdings $3.9 million at quarter-end.

Outlook and guidance

• Focus on integrating Monavate and Baanx, scaling Exodus Pay, and expanding payments-related revenue streams.

• Management expects continued volatility in digital asset prices and increased expenses as the platform grows and regulatory needs rise.

• Will provide more detailed pro forma financials and guidance in upcoming quarters.

• Addressable market expands to multi-trillion dollar TAM with new infrastructure.

• Ongoing evaluation of acquisition targets and business expansion initiatives.