Exodus Motion reported a web lack of $32.1 million for the primary quarter of 2026, greater than double the $12.9 million loss recorded in the identical interval final 12 months, because the crypto pockets firm liquidated the majority of its Bitcoin treasury to fund acquisitions.
Complete income got here in at $22.7 million for the three months ended March 31, down 36.8% from $36 million a 12 months earlier, the corporate announced Monday. Change aggregation, the corporate’s primary enterprise line, drove many of the decline, sliding $13.8 million, or 40.8%, as person buying and selling volumes dried up.
Month-to-month energetic customers dipped to 1.5 million from 1.6 million a 12 months in the past, whereas quarterly funded customers fell extra sharply, dropping 22.2% to 1.4 million from 1.8 million.
The corporate cited macroeconomic pressures, together with the Federal Reserve’s revised progress outlook and uncertainty across the administration’s tariff coverage, as major drivers of the market-side harm. “The Firm expects that volatility in digital asset costs will proceed and will end in important fluctuations within the Firm’s outcomes of operations in future durations,” it added.
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Exodus sells 63% of its Bitcoin stash
Exodus held 1,704 BTC on the finish of December 2025. By March 31, that place had been reduce to 628 BTC, a discount of roughly 63% in unit phrases. The corporate raised $73.2 million by means of the gross sales through the quarter, practically all of which was earmarked to fund its push to amass W3C Corp., the holding firm behind fintech companies Monavate and Baanx.
The corporate’s broader digital asset portfolio swung to a web lack of $36.4 million, reflecting $76.8 million in unrealized losses partly offset by $40.4 million in realized positive aspects on asset exchanges.
On the finish of the quarter, the corporate held $72.9 million in money and money equivalents, up from $4.9 million at year-end 2025.
Exodus shares drop. Supply: Yahoo! Finance
Exodus shares fell 5.75% to $7.71 on Might 12 and slipped an extra 3.11% to $7.47 in pre-market commerce.
Associated: Bitcoin exchange reserves fall to two-year low after $8B exodus
Exodus launches XO Money in push into AI brokers
As Cointelegraph reported, Exodus has rolled out XO Casha Solana-based stablecoin toolkit constructed with MoonPay that lets AI brokers spend cash by means of Visa’s cost rails with out exposing a person’s personal keys.
Builders can spin up agent-linked wallets, cap day by day spending, limit retailers and situation digital debit playing cards by means of Exodus Pay balances. Funds settle mechanically in USDC (USDC) or USDt (USDT) through infrastructure from Monavate, and transactions carry no charges.
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