Exodus Movement, Inc. filings document material events, governance matters and capital-structure disclosures for a self-custodial cryptocurrency and payments platform. Recent 8-K reports cover preliminary operating results, product-related disclosures, material agreements, secured lending matters, and completed acquisitions involving Monavate Holdings, Baanx.com and Baanx US.
The company's proxy and meeting filings describe board elections, auditor ratification, corporate governance, executive compensation, related-party transactions and shareholder voting mechanics. Other filings address the Exodus Movement, Inc. 2026 Stock Incentive Plan, Class A common stock reserved for equity awards, and the voting structure of Class A and Class B common stock.
Exodus Movement, Inc. (EXOD) reported that director Tyler Skelton received a grant of 13,095 stock options on August 20, 2026. The options have an exercise price of $7.81 per share and are exercisable for Class A common stock, expiring on August 19, 2036.
According to the vesting terms, 3,273 options were vested and exercisable as of the grant date, and the remainder will vest in nine equal monthly installments through May 1, 2027. Following this grant, Skelton holds 13,095 options directly.
Exodus Movement, Inc. (EXOD) reported that director Margaret Knight received a grant of stock options covering 13,095 shares of Class A common stock. The options have an exercise price of $7.81 per share and expire on August 19, 2036. According to the grant terms, 3,273 options are vested and exercisable as of the grant date, and the remaining options vest in nine equal monthly installments through May 1, 2027. Following this grant, Knight holds 13,095 stock options directly.
Exodus Movement, Inc. (EXOD) reported that Chief Technology Officer Matias Olivera sold a total of 5,670 shares of Class A Common Stock in two open-market transactions: 2,835 shares at $7.81 per share on August 21, 2026 and 2,835 shares at $7.68 per share on August 24, 2026. A related footnote states that Olivera’s holdings include several grants of Restricted Stock Units (RSUs) awarded between 2023 and 2025 that vest in equal monthly installments through dates ranging from January 1, 2027 to December 1, 2029, with each RSU representing the right to receive one share of Common Stock upon settlement.
Exodus Movement, Inc. (EXOD) reported that Chief Technology Officer Matias Olivera executed two code S sale transactions in Class A Common Stock. On August 19, 2026, he sold 2,835 shares at a weighted average price of $7.0319 per share, from multiple trades between $7.00 and $7.17. On August 20, 2026, he sold another 2,835 shares at $7.73 per share. A footnote states his holdings include several blocks of Restricted Stock Units granted between 2023 and 2025 that vest in equal monthly installments through dates between 2027 and 2029, each RSU representing one share upon settlement.
Exodus Movement, Inc. (EXOD) reported that Chief Financial Officer James Gernetzke executed a tax-related sale of 4,894 shares of Class A common stock on August 17, 2026 at $6.91 per share. The sale was a "sell to cover" transaction to satisfy tax withholding obligations from the settlement of restricted stock units (RSUs) and is described as not a discretionary trade. Following this transaction, Gernetzke directly holds 469,670 Class A shares, including RSUs that vest monthly through dates ranging from January 1, 2027 to January 1, 2030.
Exodus Movement, Inc. director Margaret Knight reported a sale of 135 shares of Class A Common Stock on August 3, 2026 at $5.11 per share in an open-market or private transaction. Following this sale, she beneficially owns 12,563 shares, including 540 restricted stock units that vest in equal monthly installments through October 1, 2026. The transaction was reported as made pursuant to a Rule 10b5-1 trading plan.
Exodus Movement, Inc. reported a sharp swing to losses while closing a major acquisition and adding a new payments segment for the three and six months ended June 30, 2026. Revenue for the quarter was $26.2 million versus $25.8 million a year earlier, but six‑month revenue fell to $49.0 million from $61.8 million as Web3 services softened. The new Payment Processing segment, acquired in May 2026, contributed $5.0 million of revenue in the quarter.
The company posted a quarterly net loss of $18.6 million and a six‑month net loss of $50.8 million, compared with net income of $37.7 million and $24.8 million in the prior‑year periods. Results were heavily affected by a $43.4 million loss on digital assets, acquisition‑related transaction costs of about $29.5 million within general and administrative expenses, and higher partnership and payment processing costs, partly offset by a $20.4 million gain on debt extinguishment and $6.3 million of interest income. Total assets rose to $596.7 million, driven by the Monavate and Baanx acquisitions, which added large restricted cash of $333.9 million, customer deposit liabilities of $331.5 million, and goodwill of $98.8 million. Digital assets were carried at $37.3 million fair value, down from $156.4 million at year‑end.
Exodus Movement, Inc. reported unaudited results for the quarter ended June 30, 2026. Revenue was $26.2 million, up slightly from $25.8 million a year earlier. Web3 platform expenses were $12.3 million and partnership expenses $3.7 million, while new payment processing expenses totaled $4.4 million.
General and administrative costs rose sharply to $44.7 million from $18.8 million, contributing to a shift from prior-year net income of $37.7 million to a net loss of $18.6 million. Adjusted EBITDA was a loss of $6.7 million, compared with a loss of $2.3 million in the prior-year quarter.
Exodus completed what it describes as the most strategic acquisition in its history, adding the payment infrastructure of Monavate and Baanx, whose results were included beginning May 1, 2026. Operationally, Exodus ended the quarter with 1.4 million Monthly Active Users and 1.3 million Quarterly Funded Users, both down versus Q1 2026, and processed $1.1 billion in total swap volume. Monavate processed transactions on 1.1 million active cards with $0.6 billion in gross card transaction volume. Exodus also entered new marketing partnerships with UFC and Latin American streaming platforms DGO and SKY+.
Exodus Movement, Inc. approved a restructuring plan centered on a workforce reduction to align its cost structure with a strategic shift toward payments and continued integration of Baanx and Monavate. The plan affects approximately 77 employees and non-employee service providers, representing about 25% of the global workforce.
The company estimates $2.5–$3.5 million of pre-tax charges, primarily severance and related personnel costs, with most cash payments over the next 12 weeks. The plan is expected to be completed in the fourth quarter of 2026. Exodus also expects the actions to generate about $10–$13 million in annualized cash operating expense savings, with the full benefit anticipated in 2027, though actual costs, timing, and impacts may differ from current expectations.
Exodus Movement, Inc. completed the acquisition of Monavate Holdings Limited, Baanx.com Ltd, Baanx US Corp. and related assets and provides audited 2024–2025 financial statements for Monavate together with unaudited pro forma combined financial information.
Monavate generated £61,454k of revenue and a net loss of £8,203k in 2025, with net liabilities of £1,762k and significant customer cash held in segregated accounts. Exodus acquired Monavate and Baanx.com from UK receivers for $76.2 million via netting of W3C Loans and agreed to pay a further $30.0 million over four years for Baanx US and other assets. Pro forma 2025 combined revenue is $152,756k with a net loss of $53,612k, and pro forma Q1 2026 revenue and net loss are $30,563k and $32,621k, respectively, reflecting new goodwill and intangible assets recognized from the Transaction.