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Exodus Movement (EXOD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Exodus Movement (EXOD) Q2 2026 earnings results →
Q2 2026 Revenue up 2% year over year to $26.2M · 71¢ of every $1 of revenue lost · operating margin -82.9%
Exodus Movement made $26.2M in Q2 2026 (+2% Y/Y): Web3 services $21.2M, Payment processing services $5.0M. Operating margin -82.9%, net loss $18.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $26.2M in Q2 2026, up 2% year over year and up 15% from the previous quarter. Web3 services was the largest line at 81% of revenue. Web3 services declined 18%.
Operating costs exceeded revenue by $21.7M, an operating margin of -82.9%. The quarter ended with a net loss of $18.6M, narrower than the previous quarter's $32.1M loss.
Operating cash flow was −$49.5M. Non-cash charges added back $1.4M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $36.1M. Capital expenditures of $72K exceeded it, leaving free cash flow of −$49.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $26.2M | +2% | -82.9% | −$18.6M | −$49.5M |
| Q1 2026 | 10-Q | May 11, 2026 | $22.7M | -37% | -179.4% | −$32.1M | −$2.6M |
| Q4 2025 | 10-K | Mar 11, 2026 | $29.4M | -34% | -226.9% | −$53.2M | −$9.3M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $30.3M | +51% | 66.9% | $17.0M | −$4.8M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $25.8M | +16% | 183.8% | $37.7M | −$5.3M |
| Q1 2025 | 10-Q | May 12, 2025 | $36.0M | +24% | -60.4% | −$12.9M | −$6.2M |
| Q4 2024 | 10-K | Mar 6, 2025 | $44.8M | +143% | 168.4% | $66.9M | −$5.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Exodus Movement
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.
In its own words, from its 8-K, filed Aug 10, 2026.
Exodus Movement against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +17%. Operating margin: -82.9% against the peers' median 5.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXOD Exodus Movement | Q2 2026 | $26.2M | +2% | -82.9% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Exodus Movement 10-Q on SEC EDGAR · CIK 1821534 · Finance Services
13F: who owns EXOD and who is buying
More on EXOD
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results