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Exodus Movement (EXOD) investor relations material
Exodus Movement Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $32.539M, up 7% YoY as acquired payment-processing revenue offset lower digital-asset services revenue; nine-month revenue fell 12% to $81.514M.
Net loss attributable to shareholders was $8.267M and Adjusted EBITDA loss was $3.919M; integration and restructuring are intended to lower costs and support a consumer and enterprise payments strategy.
Strategy combines Exodus Wallet and XO Suite, extending self-custodial finance into consumer and enterprise payments.
Financial highlights
Q3 revenue was $32.539M vs. $30.343M YoY; nine-month revenue was $81.514M vs. $92.166M.
Q3 net loss attributable to shareholders was $8.267M vs. $17.041M net income; diluted EPS was $(0.27) vs. $0.53.
Adjusted EBITDA loss was $3.919M vs. positive $5.850M in Q3 2025 and a $6.7M loss in Q2 2026.
Q3 G&A rose 94% YoY to $28.9M, driven mainly by transaction incentives, professional services and restructuring costs; payment processing expenses were $9.5M.
Digital asset services expenses were $12.5M, up 1% YoY; partnership expenses were $3.1M, down 32%.
Outlook and guidance
Meaningful overall revenue growth is anticipated in 2027, supported by payment programs, improving exchange activity and a lower cost base.
Cost reduction targets range from $9M–$11M in annualized cash savings under the restructuring plan to ~$30M in combined annual reductions going into 2027; full restructuring benefits are expected in 2027.
Restructuring is expected to be substantially complete by Q4 2026; estimated severance and benefits are $4.6M–$5.7M.
Q4 Adjusted EBITDA is expected to improve significantly; management expects a positive TigSiPay regulatory outcome toward year-end, subject to the regulator’s process.
- Q2 2026 revenue up 2% to $26.2M, but net loss of $18.6M amid restructuring and higher costs.EXOD
Q2 2026 - Revenue and user growth accelerate, supported by a strong balance sheet and global partnerships.EXOD
Company presentation - Q1 revenue dropped 37% to $22.7M as acquisitions closed and user metrics softened.EXOD
Q1 2026 - Annual Meeting moved to 1115 Dodge St., Omaha, with all agenda items unchanged.EXOD
Proxy filing - Director elections and auditor ratification headline the May 2026 annual meeting agenda.EXOD
Proxy Filing - Annual meeting to elect directors and ratify auditor, with strong governance and sustainability focus.EXOD
Proxy Filing - Q3 2025 revenue up 51% to $30.3M, net income surged, and stablecoin payments expanded.EXOD
Q3 2025 - Q2 2024 revenue up 80% to $22.3M, but digital asset swings drove a $9.6M net loss.EXOD
Q2 2024 - Record revenue, user growth, and Bitcoin holdings highlight strong momentum into 2025.EXOD
Q4 2024
Next Exodus Movement earnings date
Next Exodus Movement earnings date
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