Crypto wallet provider Exodus Movement's prelim Q1 revenue misses estimates

Exodus Movement

01/05/2026 13:54

Overview

US cryptocurrency platform's preliminary Q1 revenue declined and missed analyst expectations

Company cited lower trading activity in a challenging digital asset market as reason for decline

Exodus launched Exodus Pay in all 50 states and advanced plans to diversify revenue streams

Outlook

Company did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

LOWER TRADING ACTIVITY - Co said revenue decline was driven by lower trading activity in a challenging digital asset market

REVENUE DIVERSIFICATION INITIATIVES - Co advanced initiatives to diversify revenue streams and reduce reliance on market-driven trading activity, including the launch of Exodus Pay and expansion of B2B offerings

Company press release: ID:nGNX43Q1zw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$22.70 mln
$25.68 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Exodus Movement Inc is $20.00, about 163.5% above its April 30 closing price of $7.59

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)