Exodus Movement, Inc. is a financial technology company focused on blockchain and digital assets in the United States. It develops the Exodus Platform, a self-custodial digital asset wallet that provides access to decentralized finance and blockchain. The platform offers fiat on- and off-ramps for buying digital assets via bank transfer, credit or debit card, and Apple Pay, as well as staking services. Founded in 2015, the company is based in Omaha, Nebraska.
Exodus Movement targets $10m-$13m annualized opex savings with full run rate in Q4 2026
Exodus Movement, Inc. announced a workforce reduction of approximately 25% and expects $10 million to $13 million in annualized operating expense savings, with the full monthly run rate to be achieved in the fourth quarter of 2026. The company reported Q2 2026 revenue of $26.2 million and a net loss of $18.6 million, which management attributed largely to one-time integration costs following the acquisitions of Monavate and Baanx. CEO J. Richardson stated that Exodus is transforming into a payments company and that restoring card issuance in Europe is a key near-term priority, with a new issuing arrangement targeted for Q4. CFO James Gernetzke noted that the quarterly savings cadence will be $2.5 million to $3.5 million, with the full cash impact visible by the end of Q4 due to the timing of the reduction in force.
Exodus Movement to Announce Second Quarter 2026 Results on August 10
Exodus Movement, Inc. will release its second quarter 2026 financial results after market close on Monday, August 10, 2026. Management will host a webcast at 5:00 PM Eastern Time that same day to discuss the results. The webcast can be accessed via the company's website at www.exodus.com or by dialing 877-407-9038 or 201-493-6742. Supplemental materials will be available on Exodus's Investor Relations website prior to the event.
Exodus cuts about 25% of global workforce to focus resources on stablecoin payments
Crypto wallet Exodus Movement has announced a restructuring that will reduce its global headcount by about 25%. According to a filing with the U.S. Securities and Exchange Commission, the cuts affect roughly 77 people, including employees and individual external service providers, and the company will provide transition support such as severance and continued benefits. Exodus is integrating its acquisitions Monavate and Baanx and plans to concentrate resources on building a full-stack card issuing and payments platform that includes stablecoin payments. The restructuring is expected to reduce annual cash operating expenses by 10 million to 13 million dollars. At the same time, the company expects to incur restructuring charges of 2.5 million to 3.5 million dollars, and the full-year savings impact will not materialize until 2027.
Exodus Partners with DGO and SKY+ to Offer Stablecoin Subscription Payments in Latin America
Exodus Movement announced a partnership with Latin American streaming platforms DGO and SKY+ to let subscribers pay with U.S. dollar stablecoins via the Exodus Card. DGO subscribers in Argentina, Mexico, Colombia, and Uruguay, and SKY+ customers in Brazil, can use the card starting July 1, 2026, with eligible new customers receiving 25% cashback in their first month. DGO and SKY+ are operated by Waiken ILW, which also owns DIRECTV Latin America and SKY Brasil, and together offer more than 10,000 titles plus live sports including full coverage of the 2026 FIFA World Cup. The move comes as stablecoins accounted for more than half of all exchange purchases made with Argentine pesos, Brazilian reais, and Colombian pesos between July 2024 and June 2025.
Exodus Movement reports June 2026 treasury holdings and monthly metrics
Exodus Movement announced its unaudited digital asset holdings and monthly metrics as of June 30, 2026. The company held 600 Bitcoin, 457 Ethereum, and 17,749 Solana, down from 656 Bitcoin, 1,433 Ethereum, and 20,673 Solana at the end of May. Exchange provider processed volume reached $399 million in June, with $93 million, or 23%, coming from XO Swap enterprise partners, compared to $383 million total and $104 million from partners in May. Monthly active users remained steady at 1.5 million.
Exodus Launches Zero Swap Fees on XRP for OneKey Users
Exodus Movement and OneKey announced a limited-time campaign offering zero platform fees on inbound XRP swaps inside the OneKey app. OneKey users can swap into XRP from any supported asset through Exodus’ XO Swap cross-chain exchange aggregator with no platform fees, though standard network and gas fees still apply. The promotion is available to all OneKey Wallet users through the swap interface inside the OneKey app. The campaign builds on the April 2026 expansion of native XRP Ledger and Ripple USD support inside the Exodus wallet, with XRP remaining among the most actively swapped assets across Exodus and XO Swap platforms by volume.
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