Exodus Movement Reports Q3 2026 Revenue Growth Amid Strategic Pivot to Payments Platform
Exodus Movement, Inc. (EXOD) reported third-quarter revenue of $32.5 million, a 7% increase year-over-year, driven by the integration of acquired payment businesses Monavate and Baanx. While the company transitioned from a net income of $17.0 million last year to a net loss of $8.3 million this quarter due to acquisition costs, Adjusted EBITDA losses improved to $3.9 million as integration synergies began to take effect. The company is successfully diversifying its revenue streams, with payments contributing $10.9 million and digital asset services providing $21.6 million. Transaction volume in the payments sector saw significant growth, reaching $1.1 billion compared to $600 million in the previous quarter. Despite these gains, management noted that digital asset revenue remains sensitive to crypto market volatility and highlighted ongoing regulatory dependencies for future expansion.
Tickers: $EXOD
Topics: Digital Asset Services Net Loss Payments Revenue Revenue Growth User Growth