Filing Flows › Exodus Movement (EXOD) › Q3 2026
Exodus Movement (EXOD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Exodus Movement (EXOD) reported revenue of $32.5M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +24% from the quarter before. Operating margin was -27.6%, net loss $9.7M (29.9% of revenue).
Exodus Movement, Q3 2026: revenue $32.5M (+7% year over year), operating margin -27.6%, net loss $9.7M, operating cash flow −$26.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.5M | +24% | +7% |
| Operating profit | −$9.0M | — | -144% |
| Net earnings | −$9.7M | — | -157% |
| Operating cash flow | −$26.1M | — | — |
What changed
Revenue was $32.5M in Q3 2026, up 7% year over year and up 24% from the previous quarter. Digital asset services was the largest line at 66% of revenue. Digital asset services declined 29%.
Operating costs exceeded revenue by $9.0M, an operating margin of -27.6%. Total costs grew 314% against revenue growth of 7%. The quarter ended with a net loss of $9.7M, narrower than the previous quarter's $18.6M loss. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $8.3M.
Operating cash flow was −$26.1M. Non-cash charges added back $1.6M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $23.0M. Capital expenditures of $136K exceeded it, leaving free cash flow of −$26.3M.
Questions
What was Exodus Movement's revenue in the third quarter 2026?
Exodus Movement (EXOD) reported revenue of $32.5M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +24% from the quarter before.
Was Exodus Movement profitable in the third quarter 2026?
Operating loss was $9.0M (-27.6% of revenue) and net loss $9.7M.
Source: Exodus Movement 10-Q on SEC EDGAR.