Exodus Movement Q2 revenue up 2% on acquisitions boost

Exodus Movement

10/08/2026 21:22

Overview
US self-custodial finance platform's Q2 revenue grew 2% yr/yr, slightly missed analyst expectations
Company reported Q2 net loss of $18.6 mln, reversing from net income last year
Q2 results include contributions from Monavate and Baanx acquisitions, with increased expenses

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
ACQUISITIONS IMPACT - Q2 results reflect financial contributions and increased expenses from Monavate and Baanx acquisitions
MARKETING PARTNERSHIPS - New partnerships with UFC and Latin American streaming platforms launched to reach new customers and enable stablecoin payments
DECLINING USER ACTIVITY - Exodus reported decreases in monthly active users, funded users, and swap volume compared to Q1 2026

Company press release: ID:nGNXntSQp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$26.20 mln
$26.46 mln (5 Analysts)
Q2 Net Loss
 
$18.60 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $14.00, about 155% above its August 7 closing price of $5.49

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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.)