Exodus Movement
Builds self-custody wallets, crypto payment tools, and swap infrastructure.
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Profile
Provides a self-custody wallet that gives users control of their keys, then earns fees when third-party providers deliver swaps, fiat access and staking. It also sells embedded wallet and exchange-routing infrastructure while expanding into crypto-linked payments.
Combines a free self-custody wallet across mobile, desktop, browser and hardware-wallet connections with embedded swaps, fiat purchases and sales, staking, and Exodus Pay's stablecoin transfers and card spending. Users retain cryptographic keys locally; API providers execute the underlying services while Exodus supplies the interface and routing. The portfolio also includes Passkeys Wallet, XO Swap, wallet-as-a-service and Exodus Markets access to tokenized assets in selected jurisdictions.
Earns most revenue from transaction-based exchange aggregation, with provider fees linked to user transaction volume, network fees, provider spreads and digital-asset activity. Operations are remote-first, with a workforce spread across countries and services reaching users largely outside the United States. Availability depends on provider APIs, public blockchains, locally stored keys and regulatory treatment of digital assets. Founder-held high-vote shares retain control of shareholder voting.
Company facts
Key statistics
Year to date −48.1% · Average volume (30d) 94.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Northland Securities | Target | $10 | $8.50 | |
| Aug 12, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $15 | |
| Jul 22, 2026 | Northland Securities | Target | $10 | ||
| Jul 20, 2026 | Coker Palmer | Target | $12 | ||
| May 12, 2026 | BTIG | Target | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.22 | −$0.62 | −187.0% | $26.8M | $26.2M | −2.2% | −4.04% |
| May 11, 2026Q1 FY26 | −$0.09 | −$1.08 | −1,100.0% | $24.0M | $22.7M | −5.5% | −9.60% |
| Mar 11, 2026Q4 FY25 | −$0.01 | −$1.84 | −18,300.0% | $29.8M | $29.4M | −1.3% | −8.71% |
| Nov 10, 2025Q3 FY25 | −$0.01 | $0.53 | +5,400.0% | $30.7M | $30.3M | −1.1% | −2.61% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $36.0M | $25.8M | $30.3M | $29.4M | $22.7M | $26.2M | |
| Gross profit | $36.0M | $11.1M | $13.4M | $13.1M | $6.5M | $5.9M | |
| Operating income | $6.8M | −$7.7M | −$1.5M | −$5.2M | −$9.0M | −$21.7M | |
| Net income | −$12.9M | $37.7M | $17.0M | −$53.2M | −$32.1M | −$18.6M | |
| Diluted EPS | −$0.45 | $1.12 | $0.53 | −$1.80 | −$1.11 | −$0.62 | |
| Gross margin | 100.0% | 43.0% | 44.0% | 44.5% | 28.6% | 22.5% | |
| Operating margin | 18.8% | -29.9% | -5.0% | -17.7% | -39.4% | -82.9% |
Fiscal years (4-quarter sums)FY24 $117.5M · FY25 $121.6M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $21.2M · Total debt $0 · Total assets $596.7M · Shareholders' equity $201.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 30.01M · Float 24.77M · 82.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Daniel Castagnoli | 9.78M | 34.19% | 13G | Apr 15, 2025 |
| Jon Paul Richardson | 9.64M | 33.72% | 13G | Apr 15, 2025 |
| FTX Recovery Trust | 1.82M | 6.08% | 13F | May 13, 2026 |
| James Gernetzke · officer: Chief Financial Officer | 469.7K | 1.57% | Form 4 | Aug 19, 2026 |
| Toroso Investments, LLC | 333.7K | 1.11% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Matias Olivera | officer: Chief Technology Officer | −2,835 | $8.52 |
| Aug 26, 2026 | Matias Olivera | officer: Chief Technology Officer | −2,835 | $8.35 |
| Aug 25, 2026 | Matias Olivera | officer: Chief Technology Officer | −2,835 | $8.40 |
| Aug 24, 2026 | Matias Olivera | officer: Chief Technology Officer | −2,835 | $7.68 |
| Aug 21, 2026 | Matias Olivera | officer: Chief Technology Officer | −2,835 | $7.81 |
Peers
- Coinbase
Leading exchange and wallet rival across trading and self-custody.
- Robinhood Markets
Retail crypto trading and a multichain self-custody wallet.
- Block
Bitcoin self-custody and crypto-payment access across Cash App and Square.
- eToro
Retail crypto trading and self-custody wallet access after Zengo acquisition.
- PayPal
Crypto trading, transfers, and checkout inside a large digital wallet.
- Circle
Embedded wallets and stablecoin payments for developers and fintechs.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Exodus Movement | $7.96 | +0.89% | $238.9M | — | — | 2.2 | +1.4% |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| Robinhood Markets | $104.06 | −0.14% | $93.74B | 45.9 | 44.4 | 22.5 | +32.3% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| eToro | $31.02 | −0.03% | $2.61B | 11.5 | 12.3 | 0.3 | −89.0% |
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| Circle | $86.80 | −0.38% | $23.29B | 46.4 | — | 8.0 | +6.6% |
| Median | 45.9 | 18.3 | 5.0 | +5.7% |