Filing Flows › Exodus Movement (EXOD) › Q2 2026
Exodus Movement (EXOD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Exodus Movement (EXOD) reported revenue of $26.2M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +15% from the quarter before. Operating margin was -82.9%, net loss $18.6M (71.0% of revenue).
Exodus Movement, Q2 2026: revenue $26.2M (+2% year over year), operating margin -82.9%, net loss $18.6M, operating cash flow −$49.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.2M | +15% | +2% |
| Operating profit | −$21.7M | — | -146% |
| Net earnings | −$18.6M | — | -149% |
| Operating cash flow | −$49.5M | — | — |
What changed
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.
Questions
What was Exodus Movement's revenue in the second quarter 2026?
Exodus Movement (EXOD) reported revenue of $26.2M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +15% from the quarter before.
Was Exodus Movement profitable in the second quarter 2026?
Operating loss was $21.7M (-82.9% of revenue) and net loss $18.6M.
Source: Exodus Movement 10-Q on SEC EDGAR.