secwatch.observer — SEC 8-K summary
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Issuer:     Exodus Movement, Inc. (EXOD)
CIK:        0001821534
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001628280-26-029127
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exodus Q1 prelim revenue $22.7M, down 37% YoY; net digital asset loss $36.4M
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- Revenue $22.7M vs $36.0M in Q1 2025, a 37% decline.
- Net loss on digital assets of $36.4M driven by market price movements.
- Exchange volume $1.18B, down 22% from Q4 2025; quarterly funded users down 18% to 1.4M.
- April 2026 launched Exodus Pay in all 50 states; acquiring Monavate.
- Cash and digital assets $122.6M; Bitcoin holdings 628 BTC valued at $42.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821534/000162828026029127/0001628280-26-029127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821534/000162828026029127/exod-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-029127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer