Exodus Q2 FY26 swings to net loss of USD 18.6 million; revenue rises 2% to USD 26.2 million
EXOD•Acquisition contribution
Results included contributions from Monavate and Baanx from May 1, 2026; CEO JP Richardson called the deal the company’s most strategic acquisition.
Q2 results and operating metrics
Exodus reported Q2 2026 revenue of USD 26.2 million, up 2% from a year earlier.
Net results swung to a loss of USD 18.6 million from a profit a year earlier, while general and administrative expense more than doubled to USD 44.7 million.
Adjusted EBITDA loss widened to USD 6.7 million from a USD 2.3 million loss a year earlier.
Monthly active users fell 6.7% from Q1 to 1,400,000, while total swap volume slipped 8.3% to USD 1.1 billion.
