Crypto wallet provider Exodus reports wider Q1 loss as revenue falls 37%
The Block
Exodus Movement reported a $32.1 million Q1 loss as revenue dropped 37% due to lower exchange volumes.Summary
Self-custody wallet provider Exodus Movement announced a $32.1 million net loss for Q1 2026, widening from $12.9 million in the previous year. Revenue fell 37% to $22.7 million, largely driven by a 40.8% decrease in exchange aggregation revenue. Despite these results, the company is pivoting toward becoming a payments platform following the acquisition of Monavate and Baanx, aiming to diversify beyond swap fees.
(Source：The Block)