Filing Flows › Exodus Movement (EXOD) › Q1 2026
Exodus Movement (EXOD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Exodus Movement (EXOD) reported revenue of $22.7M for the first quarter 2026 (Q1 2026), -37% from a year earlier and -23% from the quarter before. Operating margin was -179.4%, net loss $32.1M (141.3% of revenue).
Exodus Movement, Q1 2026: revenue $22.7M (-37% year over year), operating margin -179.4%, net loss $32.1M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.7M | -23% | -37% |
| Operating profit | −$40.8M | — | — |
| Net earnings | −$32.1M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $22.7M in Q1 2026, down 37% year over year and down 23% from the previous quarter.
Operating costs exceeded revenue by $40.8M, an operating margin of -179.4%. Total costs grew 10% against a revenue fall of 37%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $32.1M, narrower than the previous quarter's $53.2M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $808K of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $24.3M. Capital expenditures of $26K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Exodus Movement's revenue in the first quarter 2026?
Exodus Movement (EXOD) reported revenue of $22.7M for the first quarter 2026 (Q1 2026), -37% from a year earlier and -23% from the quarter before.
Was Exodus Movement profitable in the first quarter 2026?
Operating loss was $40.8M (-179.4% of revenue) and net loss $32.1M.
Source: Exodus Movement 10-Q on SEC EDGAR.