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Nakamoto vs Exodus Movement: NAKA and EXOD compared
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $32.5M for Exodus Movement (Q3 2026). Nakamoto is growing faster (88× against +7% a year earlier). Exodus Movement is more profitable, with an operating margin of -27.6% against -415.6%.
Where the money goes: NAKA and EXOD
Nakamoto (NAKA) · Q2 2026
Nakamoto, Q2 2026: revenue $35.9M (88× year over year), operating margin -415.6%, net loss $133M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
Exodus Movement (EXOD) · Q3 2026
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.
| Nakamoto (NAKA) | Exodus Movement (EXOD) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $35.9M | $32.5M |
| Revenue growth, Y/Y | 88× | +7% |
| Operating margin | -415.6% | -27.6% |
| Net earnings | −$133M | −$9.7M |
| Net margin | -370.8% | -29.9% |
| Operating cash flow | −$3.3M | −$26.1M |
Where the revenue comes from
Exodus Movement
- Digital asset services: $21.6M (66%)
- Payment processing services: $10.9M (34%)
Questions
Which is bigger, Nakamoto or Exodus Movement?
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $32.5M for Exodus Movement (Q3 2026).
Is Nakamoto or Exodus Movement growing faster?
Nakamoto is growing faster (88× against +7% a year earlier).
Which is more profitable, Nakamoto or Exodus Movement?
Exodus Movement is more profitable, with an operating margin of -27.6% against -415.6%.
More: Nakamoto earnings · how Nakamoto makes money · Exodus Movement earnings · how Exodus Movement makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.