Exodus Posts $32M Loss As Wallet Revenue Craters 37%, Sells 1,076 BTC
Exodus Movement reported a loss of $32.1 million for the first quarter of 2026, more than double the loss of $12.9 million in the same period last year.
Total revenue for the quarter ended March 31 was $22.7 million, down 36.8% from $36 million a year ago, the company said Monday. Transaction totals, the company's main line of business, declined $13.8 million, or 40.8 percent, as user transaction volumes dried up.
Monthly active users fell to 1.5 million from 1.6 million a year ago, while quarterly funded users fell sharply, falling 22.2 percent to 1.4 million from 1.8 million.
The company cited macroeconomic pressures, including the Federal Reserve's revised growth outlook and uncertainty over the administration's rate policy, as key drivers for the market and its losses. “The Company expects that digital asset price volatility will continue and have a significant impact on the Company's operating results,” he added.
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Exodus sells 63 percent of Bitcoin stock
Exodus held 1,704 BTC at the end of December 2025. By March 31, that position had been cut to 628 BTC, a decline of about 63 percent per unit. The company raked in $73.2 million in sales in the quarter, almost all of which went toward financing its acquisition of WCC Corp., the bank behind fintech firms Monavate and Baanx.
The company's broader digital asset portfolio swung to a loss of $36.4 million, with a $76.8 million unexpected loss partially offset by a $40.4 million gain on asset swaps.
At the end of the quarter, the company had $72.9 million in cash and cash equivalents, up from $4.9 million at the end of 2025.
Exodus stocks fell. Source: Yahoo! Finance
Exot shares fell 5.75% to $7.71 on May 12 and slid an additional 3.11% to $7.47 in premarket trading.
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Exodus launches XO Cash by pushing AI agents
Cointelegraph reports that Exodus has released XO Cash, a Solana-based stablecoin toolkit developed by MoonPay for AIA agents to withdraw funds through the Visa payment rail without exposing users' private keys.
Developers can run agent-connected wallets, save daily spend, limit merchants and issue virtual debit cards with Exodus payment accounts. Payments are settled directly in USDC (USDC) or USDt (USDT) through the Monavate infrastructure, and transactions do not incur any fees.
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