Exodus Movement, Inc. reports developments tied to its self-custodial cryptocurrency and payments platform. The company provides tools to earn rewards, spend, manage and swap digital assets, and it also supplies crypto infrastructure for enterprise platforms.
Recurring news themes include financial results, Exodus Pay product expansion, XO Swap activity, and new payment products such as XO Cash and AgentKit for AI-agent wallets. Company updates also cover completed acquisitions of Monavate and Baanx businesses, which add card issuing, processing, settlement and regulated payments infrastructure to Exodus's consumer and enterprise product suite.
Exodus Movement (EXOD) reported October 2026 operating metrics showing higher payment processing activity alongside lower digital asset exchange provider processed volume.
Payment processing gross transaction volume rose to $373.9 million from $355.1 million in September. Monthly active cards increased to 760.6 thousand as of October 31 from 711.2 thousand as of September 30. Digital asset exchange provider processed volume fell to $372.1 million from $402.7 million in September, while XO Swap partners accounted for 24% of October volume versus 26% in September. Monthly active wallet users remained at 1.4 million at both month-ends.
Exodus (EXOD) reported third-quarter 2026 revenue of $32.5 million, with growth accompanied by a swing to a net loss. Revenue rose 7% from $30.3 million a year earlier. Net loss attributable to Exodus was $8.3 million, compared with net income of $17.0 million. General and administrative expenses increased 94% to $28.9 million, and payment processing expenses were $9.5 million versus none a year earlier.
Exodus expects acquisition-related cost initiatives to reduce combined annual costs by approximately $30 million going into 2027. Quarterly funded users increased 7.7% from Q2 to 1.4 million, while monthly active users remained unchanged at 1.4 million. Swap volume declined 3.4% sequentially to $1.1 billion. The payments business recorded 1.6 million active cards and $1.1 billion in gross transaction volume during the quarter. Results are unaudited.
Formation Securities notified the SEC that it intends to operate a tokenized securities trading venue on the Solana blockchain. Trading is expected to begin in early 2027, with tokenized shares of Exodus Movement (NYSE: EXOD), Forward Industries (NASDAQ: FWDI) and Galaxy Digital (NASDAQ: GLXY) anticipated at launch.
The venue plans to operate under the SEC's Innovation Exemption, which permits conditional secondary trading of eligible tokenized stocks. Access will be restricted to verified participants, with limits on listed securities and trading volume. Eligible shares must retain traditional voting and dividend rights. Superstate and Securitize are expected to make tokenized shares available on the venue, which will use trading technology licensed from Orca.
Exodus Movement (EXOD) will release its third-quarter 2026 financial results after market close on November 9, 2026.
Management will host a webcast that day at 5:00 PM ET to discuss the results. The webcast will also be available on the company’s website, www.exodus.com.
Exodus Movement (EXOD) reported September 2026 operating metrics, with Web3 exchange provider processed volume rising to $402.7 million.
August volume was $376.8 million; XO Swap partners contributed 26% of September volume versus 23% in August. Monthly active users remained at 1.4 million. Payment processing gross transaction volume fell to $355.1 million from $356.8 million, while monthly active cards declined to 711.2 thousand from 757.9 thousand.
Integration with an additional U.S. provider is operational. Preliminary European onboarding has begun through an existing contractual partner, but card issuance has not resumed under those arrangements. The TigSiPay acquisition awaits regulatory non-objection after submission of a change-of-control filing to the Bank of Latvia. Headcount fell from 326 on May 1, 2026, to 227 on October 9, 2026, as Exodus continued integration and expense reductions.
Exodus Movement (EXOD) launched Exodus Checkout, a merchant payments product, through a partnership with DIRECTV’s Latin American streaming platform DGO.
The integration begins in Argentina, where eligible DGO customers can now pay for subscriptions with dollar stablecoins, digital assets tied to the dollar. The launch extends Exodus’ business from individual digital-asset tools into infrastructure for businesses accepting digital-asset payments. Exodus plans to expand the integration across Brazil, Mexico, Colombia, Chile, Peru, Uruguay and Ecuador.
Exodus Movement (EXOD) reported August 2026 Web3 and payment processing metrics, showing higher transaction volumes with largely stable Web3 user activity.
Web3 Services exchange provider processed volume was $376.8 million in August 2026, up from $314.8 million in July, with 23% of volume from XO Swap partners in both months. Monthly Active Users were 1.4 million as of August 31, 2026, unchanged from July 31, 2026. Payment Processing Services gross transaction volume was $356.8 million in August, compared to $338.0 million in July, with the company noting this represents approximately 6% growth from July and nearly 18% from June.
Monthly Active Cards were 757.9 thousand as of August 31, 2026, down from 783.6 thousand as of July 31, 2026. Gross transaction volume is calculated using average GBP/USD rates of 1.35 for August and 1.34 for July.
Lithic, a card issuer processing platform, has formed a partnership with Monavate, a regulated payments platform and program manager owned by Exodus Movement (NYSE American: EXOD), to offer fintech and digital asset companies a single route to launch and scale card programs across fiat and digital currencies.
Lithic contributes its developer-focused processing platform with direct network connections and Authorization Intelligence, while Monavate provides FCA-regulated e-money authorization, principal memberships with Mastercard, Visa and Discover, its own BINs, and global settlement. According to Lithic, this unified relationship is intended to replace multiple vendor integrations and support both traditional and on-chain finance.
Exodus Movement (NYSE American: EXOD) reported July 2026 monthly metrics for its Web3 and payment processing businesses. Web3 services had 1.4 million monthly active users, unchanged from June, while exchange swap volume declined to $314.8 million from $398.5 million. B2B XO swaps remained 23% of total exchange swap volume in both months.
In payment processing, largely driven by the acquired Monavate business, monthly unique active cards increased to 783.6 thousand from 763.6 thousand and global transaction volume rose to $338.0 million from $302.7 million. Transaction volumes were converted from GBP to USD using average monthly FX rates.
Exodus (NYSE American: EXOD) reported unaudited Q2 2026 revenue of $26.2 million, up 2% from Q2 2025, while net results shifted to a net loss of $18.6 million versus income of $37.7 million a year earlier. Web3 platform expenses were $12.3 million, partnership expenses $3.7 million, new payment processing expenses $4.4 million, and general and administrative costs rose to $44.7 million, up 138% year over year.
Q2 results include contributions from the May 1, 2026 acquisition of Monavate and Baanx, which processed 1.1 million active cards and $0.6 billion in gross transaction volume. Operationally, Exodus ended the quarter with 1.4 million monthly active users and 1.3 million quarterly funded users, both down sequentially, and $1.1 billion in swap volume, also down from Q1 2026. Adjusted EBITDA was a loss of $6.7 million, compared with a $2.3 million loss in Q2 2025. The company also launched new marketing partnerships with UFC and Latin American streaming platforms DGO and SKY+.