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AI brief of an SEC Form 8-K · Exodus Movement, Inc. (EXOD)

Exodus swings to $18.6 million Q2 net loss as revenue rises 2% to $26.2 million

Mixed Impact 4 of 5 earnings Written later

Exodus Movement reported unaudited second-quarter 2026 results, with revenue up 2% to $26.2 million but a net loss of $18.6 million, compared with net income of $37.7 million a year earlier. The results include Monavate and Baanx contributions from May 1, 2026, and general and administrative expenses rose 138% to $44.7 million, so shareholders face higher costs and a loss in place of last year's profit.

Key points

  • Q2 2026 revenue was $26.2 million, up 2% from $25.8 million in Q2 2025.
  • Net loss was $18.6 million, versus net income of $37.7 million in Q2 2025.
  • General and administrative expenses rose 138% to $44.7 million from $18.8 million.
  • Monthly active users fell 6.7% to 1.4 million at the end of Q2 2026 from 1.5 million at the end of Q1 2026.

The filing

CompanyExodus Movement, Inc. (EXOD)
Form8-K, current report
Filed with the SECAug 10, 2026, 4:20 PM ET
Accession number0001628280-26-055258

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.