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 (NYSE American: EXOD) reported unaudited Q1 2026 revenue of $22.7 million, down 37% year-over-year, and a net loss of $32.1 million versus $12.9 million in Q1 2025. Loss on digital assets, net, was $36.4 million.
On May 1, 2026, Exodus closed the acquisition of Monavate and Baanx, providers of card and payments infrastructure. Q1 2026 exchange volume was $1.18 billion, down 26% from Q4 2025, with B2B swap partners generating $257 million, or 22% of quarterly volume. Exodus ended Q1 with 1.5 million monthly active users, 1.4 million quarterly funded users, and $122.6 million in digital assets, cash, and cash equivalents.
Exodus (NYSE American: EXOD) launched XO Cash on May 8, 2026, a stablecoin purpose-built for AI agents, live at XOCash.com. Built on Solana with partners MoonPay and Monavate, XO Cash includes AgentKit, an SDK that issues agent wallets, card support, fee-free transactions, and auto-convert at payment to USDC/USDT.
Users retain keys while agents spend from their Exodus Pay balance with configurable limits, merchant rules, and rate caps. Developer docs and product access are live now.
Exodus Movement (NYSE American: EXOD) will release its first quarter 2026 financial results on Monday, May 11, 2026 after market close. An earnings webcast is scheduled for Tuesday, May 12, 2026 at 8:30 AM ET. Webcast and supplementary investor materials will be available on the company website and Investor Relations section.
Exodus Movement (NYSE American: EXOD) will release first quarter 2026 financial results on Tuesday, May 12, 2026, after market close. An earnings webcast is scheduled the same day at 5:00 PM ET. Supplementary investor materials will be posted beforehand in the company’s Investor Relations section at www.exodus.com.
Exodus Movement (NYSE:EXOD) acquired the outstanding shares of Baanx US Corp. and certain assets from W3C Corp for a total purchase consideration of $30 million.
The transaction included $5 million paid on transfer of specified assets and $25 million in deferred consideration payable over four years. Management says the deal enables scaled self-custodial payments and represents a strategic step for Exodus.
Exodus Movement (NYSE American: EXOD) acquired all outstanding shares of Monavate Holdings Limited and Baanx.com Ltd from UK-appointed Receivers for $76,273,333.30, the exact principal and interest outstanding on the secured W3C loan as of April 30, 2026.
Exodus gains an in-house card and payments stack (issuing, processing, regulatory capabilities) to integrate with its consumer and enterprise products, reduce third-party dependence, and support payment stablecoins and card issuance across the US, UK, and EU.
MoonPay (EXOD) launched MoonAgents Card on May 1, 2026: a virtual Mastercard debit card that lets users and authorized AI agents spend stablecoins directly from self-custodial onchain wallets. The card converts crypto to fiat at point-of-sale via Monavate issuing and Mastercard rails, with programmatic control via MoonPay CLI and Agents workflows. Availability: UK and LATAM today; US and EU planned. Identity verification required before issuance.
Exodus Movement (NYSE American: EXOD) reported preliminary Q1 2026 results on May 1, 2026. Revenue was approximately $22.7 million for Q1 2026 versus $36.0 million in Q1 2025. The quarter included a $36.4 million net loss on digital assets and $122.6 million in digital assets, cash, and cash equivalents.
The company launched Exodus Pay across all 50 U.S. states in April 2026, reported 1.5 million monthly active users, and processed $1.18 billion exchange volume in Q1 2026.
Exodus Movement (NYSE: EXOD) appointed Receivers in the United Kingdom to take control of shares in Monavate Holdings Limited, Monavate Ltd and Baanx.com Ltd after borrower W3C Corp defaulted on a secured loan.
Exodus is a secured lender that provided a $70 million term facility governed by English law, declared payable on April 13, 2026, demanded repayment by 5:00 p.m. BST on April 27, 2026, and, after nonpayment, placed the subsidiaries into a receiver-led sale process; Exodus intends to bid.
Exodus (NYSE: EXOD) expanded native support for the XRP Ledger (XRPL) inside the Exodus wallet on April 16, 2026, adding in-wallet tools to manage and send XRP. In collaboration with Ripple, Exodus will also add support for the enterprise-grade stablecoin Ripple USD (RLUSD) to enhance self-custody and XRPL asset interactions.
The move responds to user demand—XRP is a leading asset by activity and swap volume in the wallet—and aims to enable broader XRPL-issued asset support over time.