Exodus Movement, Inc. (NYSE American: EXOD) announced its unaudited financial results for the third quarter ended September 30, 2026, in a press release dated November 9, 2026. The company reported total revenue of $32.5 million for the quarter, representing a 7% increase compared to the $30.3 million generated in the same period in 2025.
Despite the top-line growth, the company recorded a net loss attributable to Exodus Movement, Inc. of $8.3 million for the three months ended September 30, 2026. This marked a significant shift from the prior year, where the company reported net income of $17.0 million. The company also reported an Adjusted EBITDA loss of $3.9 million for Q3 2026, compared to positive Adjusted EBITDA of $5.9 million in the prior year.
Exodus highlighted operational metrics for the quarter. Monthly Active Users (MAUs) remained stable at 1.4 million, while Quarterly Funded Users (QFUs) increased by 7.7% to 1.4 million. The company processed $1.1 billion in Gross Transaction Volume and $1.1 billion in Total Swap Volume during the period.
In a strategic update, Exodus stated that it is on track to reduce combined annual costs by approximately $30 million going into 2027. This initiative is a result of cost savings efforts and synergies realized from the acquisition of Monavate Holdings Limited, Monavate Ltd., Baanx.com Ltd, and Baanx US Corp.
Exodus will host a webcast to discuss its third quarter 2026 results beginning at 5:00 p.m. ET on November 9, 2026.
