Exodus Movement, Inc. September 2026 -- Monthly Metrics
An additional U.S. provider integration is operational, but European card issuance has not resumed under the new arrangements.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointWeb3 processed volume rose to $402.7 million in September 2026 from $376.8 million in August.
- Moderate pointTigSiPay acquisition advanced with submission of the required Bank of Latvia change-of-control filing.
- Moderate pointHeadcount decreased from 326 on May 1, 2026, to 227 on October 9, 2026, alongside expense reductions.
- Minor pointXO Swap partners accounted for 26% of September volume, up from 23% in August.
- Minor pointAdditional U.S. provider integration is now operational, addressing banking constraints.
- Minor pointEuropean preliminary onboarding has commenced with new program managers through an existing contractual partner.
Negative
- Moderate pointMonthly active cards declined to 711.2 thousand on September 30 from 757.9 thousand on August 31, 2026.
- Moderate pointEuropean card issuance has not yet resumed under the new program-manager arrangements.
- Minor pointPayment processing gross transaction volume fell to $355.1 million in September 2026 from $356.8 million in August.
- Minor pointTigSiPay acquisition completion remains subject to regulatory non-objection and other applicable closing conditions.
News Explained
Exodus says the decline in Monthly Active Cards in
Key Figures
- Exchange provider processed volume
- $402.7 million vs. $376.8 million
- September 2026 vs. August 2026
- XO Swap partner share
- 26% vs. 23%
- Share of September vs. August volume
- Monthly active users
- 1.4 million vs. 1.4 million
- As of September 30 vs. August 31, 2026
- Gross transaction volume
- $355.1 million vs. $356.8 million
- September 2026 vs. August 2026
- Monthly active cards
- 711.2 thousand vs. 757.9 thousand
- As of September 30 vs. August 31, 2026
- Headcount
- 227 vs. 326
- As of October 9, 2026 vs. May 1, 2026
Historical Context
-
August metrics provide comparable prior-month figures for Web3 volume, payment volume, users and active cards.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
electronic money institution financial
change-of-control filing regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
OMAHA, Neb., Oct. 09, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus” or the “Company”), a leading self-custodial finance and payments platform, today announced September 2026 operating metrics in connection with its Web3 and Payment Processing services.
“September saw average daily volumes increase on both sides of our business,” said James Gernetzke, CFO of Exodus. “We also made progress on the banking and card issuance arrangements needed to expand our payments business.”
In Europe, preliminary onboarding activities have commenced with new program managers through an existing contractual partner, although card issuance under these arrangements has not yet resumed. Exodus continues to advance its previously disclosed acquisition of TigSiPay, SIA, a Latvia-based licensed electronic money institution, and has submitted the required change-of-control filing to the Bank of Latvia. Completion of the acquisition remains subject to regulatory non-objection and other applicable closing conditions.
Additionally, integration with an additional U.S. provider is now operational. These developments mark progress in addressing the European card-issuing and U.S. banking constraints discussed on our second-quarter earnings call and support our ability to onboard clients and expand card programs.
Exodus also continued integrating its combined operations and reducing expenses.
“Our focus is on growing Exodus and capturing market share in the evolving financial system, while completing the integration and lowering ongoing costs to support sustainable profitability,” Gernetzke continued. “Exodus’ headcount has decreased from 326 on May 1, 2026, the date of the acquisition, to 227 as of October 9, 2026. Personnel costs represent our largest operating expense.”
Web3 Services
Exchange provider processed volume was
Monthly Active Users (MAUs) were 1.4 million as of September 30, 2026, compared to 1.4 million as of August 31, 2026.
Payment Processing Services
Gross transaction volume was
Monthly Active Cards were 711.2 thousand as of September 30, 2026, compared to 757.9 thousand as of August 31, 2026. The decline in Monthly Active Cards in September was primarily driven by the decision to place a client with relatively low transaction volume under review. Monthly Active Cards represents the total number of unique payment cards issued on behalf of enterprise customers that made transactions during the applicable month.
About Exodus
Founded in 2015, Exodus Movement, Inc. (NYSE American: EXOD) is pioneering self-custodial finance by giving people the tools to earn rewards, spend, manage, and swap digital assets across borders, all without giving up control. Exodus serves millions of users through its products built on a simple principle: your money should be yours.
Exodus also powers crypto infrastructure and card/payment services for enterprise platforms serving millions of users through its enterprise product suite. Headquartered in Omaha, Nebraska, Exodus is financial software where ownership is the default. For more information, visit exodus.com.
Investor Contact
investors@exodus.com
Media Contact
Aubrey Strobel/Elena Nisonoff, Halcyon Communications
exodus@halcyonpr.xyz
Disclosure Information
Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com; press releases; public videos, calls, and webcasts; and social media: X (@exodus and JP Richardson's feed @jprichardson), Facebook, LinkedIn, and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “likely,” “believes,” “views”, “estimates”, or other comparable terminology.
Forward-looking statements in this document include, but are not limited to, management statements regarding management’s confidence in our products, services, business trajectory and plans, the expansion of our payment processing and card-issuing operations, including the onboarding of new program managers and commencement of card issuance; the proposed acquisition of TigSiPay, SIA, including receipt of regulatory non-objection and satisfaction of other closing conditions; integration of acquired businesses; anticipated cost reductions and sustainable profitability; expectations regarding demand for our products, and volatility and trading volumes of digital asset markets. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 11, 2026, the Q2 2026 Form 10-Q as well as in our other reports filed with the SEC from time to time.
All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Exodus Movement's September 2026 Web3 operating metrics?
Exodus reported $402.7 million in September exchange provider processed volume, compared with $376.8 million in August. XO Swap partners accounted for 26% of September volume versus 23% in August. Monthly active users were 1.4 million as of both September 30 and August 31, 2026.
Why did Exodus Movement's monthly active cards decline in September 2026?
Exodus attributed the decline primarily to its decision to place a client with relatively low transaction volume under review. Monthly active cards count unique payment cards issued on behalf of enterprise customers that made transactions during the applicable month.
How did Exodus Movement convert September 2026 payment transaction volume into U.S. dollars?
Exodus converted total monthly transaction volume from British pounds into U.S. dollars using an average rate of 1 GBP to 1.34 USD for September. The August comparison used an average rate of 1 GBP to 1.35 USD.