Exodus Movement Q1 revenue falls amid lower exchange volume

Exodus Movement

11/05/2026 21:51

Overview

US cryptocurrency platform's Q1 revenue fell 37% yr/yr, missing analyst expectations

Net loss widened to $32.1 mln from $12.9 mln a year earlier

Company closed acquisition of Monavate and Baanx to expand card and payments infrastructure

Outlook

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

Result Drivers

LOWER EXCHANGE VOLUME - Co processed $1.18 bln in Q1 exchange volume, down 26% from Q4 2025

DECLINE IN FUNDED USERS - Quarterly funded users fell 18% from prior quarter to 1.4 mln at end of Q1

Company press release: ID:nGNX62Jgd2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$22.70 mln
$24 mln (6 Analysts)
Q1 Net Income
-$32.10 mln


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 $20.00, about 144.5% above its May 8 closing price of $8.18

The stock recently traded at 37 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.)