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Press releaseGlobeNewswire· May 11, 2026

Exodus Reports First Quarter 2026 Results

View original at globenewswire.com
“Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced its unaudited results for the first quarter ended March 31, 2026. ... Net loss $(32.1) [in USD millions for Q1 2026]”
Verbatim excerpt from the source · GlobeNewswire · short snapshot — read the full document at the original

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

  • Net loss in Q1 2026 was $32.1 million, compared to $12.9 million in Q1 2025, a 149% increase in losses year-over-year

    60% confidence
  • Exchange provider processed volume was $1.18 billion in Q1 2026, down 26% from Q4 2025

    60% confidence
  • Top assets traded in Q1 2026 were Bitcoin (29%), Tether TRX Network (14%), Tether ETH Network (11%), ETH (9%), and USDC ETH Network (7%) of volume

    60% confidence
  • Quarterly funded users were 1.4 million at end of Q1 2026, down 18% from 1.7 million as of December 31, 2025

    60% confidence
  • XO Swap's share of exchange volume has grown steadily since launch, reflecting demand for best-execution routing across liquidity sources

    60% confidence
  • B2B swap partners generated $257 million in Q1 2026 volume, representing 22% of the quarterly total exchange volume

    60% confidence
  • Monavate and Baanx are established providers of card and payments infrastructure, serving fintech, crypto, and enterprise clients worldwide

    60% confidence
  • Total digital assets, cash, and cash equivalents were $122.6 million as of March 31, 2026, including $42.8M Bitcoin, $3.9M Ether, and $74.4M cash, cash equivalents, and stablecoins

    60% confidence
  • Full-time equivalent team members were approximately 220 as of March 31, 2026, up 5 from December 31, 2025

    60% confidence
  • Exodus monthly active users were 1.5 million as of March 31, 2026, unchanged from December 31, 2025

    60% confidence
  • General and administrative expense was $15.5 million in Q1 2026, up 8% from $14.3 million in Q1 2025

    60% confidence
  • Loss on digital assets, net was $36.4 million in Q1 2026, compared to $28.8 million in Q1 2025, a 26% increase

    60% confidence
  • Average customer response time was less than 60 minutes in Q1 2026

    60% confidence
  • Technology, development and user support expense was $16.2 million in Q1 2026, up 9% from $14.9 million in Q1 2025

    60% confidence
  • Q1 2026 revenue was $22.7 million, down 37% from $36.0 million in Q1 2025

    60% confidence

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Vertical AI Agents Attract a Funding Wave Across Fintech-Adjacent Industries
A cluster of AI-native startups applying autonomous agents to narrow, operational problems — hotel front-desk staffing (Dextr AI), identity/fraud risk for financial institutions (Baselayer), insurance distribution (Napo, Connie Health, MGT Insurance) — closed seed-to-Series A rounds within days of each other in September 2026, with CB Insights running a coordinated CEO interview series to spotlight them. The pattern points to agentic AI maturing from generic chat tools into vertical, revenue-generating products, with identity verification for AI agents themselves (Baselayer) emerging as a new fintech infrastructure category responding directly to AI-driven fraud risk.
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ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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