Huo Xing Finance reports, according to The Block, that non-custodial crypto wallet Exodus (NYSE: EXOD) announced its first-quarter 2026 results, reporting revenue of $22.7 million, a 37% year-over-year decline primarily driven by a 40.8% drop in exchange aggregation revenue; the net loss for the quarter widened to $32.1 million, compared to $12.9 million in the same period last year; transaction volume processed amounted to $1.18 billion, a 26% sequential decline. Additionally, Exodus completed its acquisition of Monavate and Baanx on May 1. In after-hours trading on Monday, Exodus shares fell 4.9%; the stock has risen 20.5% over the past month but is down 47.9% year-to-date.
Exodus Q1 Revenue Drops 37% to $22.7M, Net Loss Widens to $32.1M
MarsBitShare
Summary
Exodus Q1 revenue declined 37% to $22.7M, with transaction volume falling 26% to $1.18B. Exchange aggregation income dropped 40.8%, weighing on results. Net loss widened to $32.1M from $12.9M a year ago. The company acquired Monavate and Baanx on May 1. Shares fell 4.9% after hours, though the stock has risen 20.5% over the past month. Altcoins to watch may experience shifts as transaction volume trends remain under pressure.
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