Exodus Q1 Revenue Slumps 37% to $22.7M; Net Loss $36.4M, Launches AI Agent Card
Exodus reported preliminary Q1 revenue of $22.7M versus $36M a year earlier, a $36.4M net digital-asset loss and $1.18B processed volume down 22%. Exodus and partners launched MoonAgents Card, a virtual Mastercard for AI agents to spend stablecoins on-chain, live in UK and LATAM.
1. Preliminary Q1 Financial Results
Exodus reported approximately $22.7 million in Q1 2026 revenue, down from $36.0 million in Q1 2025, and recorded a net digital-asset loss of $36.4 million. As of March 31, 2026, the company held $122.6 million in digital assets and cash equivalents, including 628 BTC and 1,861 ETH.
2. Operational and User Trends
Exchange provider processed $1.18 billion in volume, a 22% decrease from Q4 2025. Monthly active users remained at 1.5 million, while quarterly funded users declined 18% to 1.4 million as of quarter-end.
3. MoonAgents Card Launch
In partnership with MoonPay and Monavate, Exodus launched MoonAgents Card, a virtual Mastercard debit card enabling AI agents to spend stablecoins directly from on-chain wallets. The card is live in the UK and LATAM, with US and EU availability planned pending regulatory approvals.
4. Strategic Diversification
The company rolled out Exodus Pay across all 50 US states in April 2026 as part of its push beyond market-driven trading. Management says these initiatives, alongside a strong capital position, will bolster business resilience through market cycles.