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Exodus Reports Q1 Loss of $32.1M as Revenue Falls 37% Year-over-Year

GateNews

2026-05-12 10:07:53

According to Exodus’ Q1 earnings report released Monday, the self-custody crypto wallet provider generated $22.7 million in revenue during the first quarter, down 37% year-over-year. The company posted a net loss of $32.1 million, compared to a $12.9 million loss in the same period last year. Exchange aggregation revenue, which declined 40.8%, drove the overall decline. Exodus’ processed exchange volume totaled $1.18 billion in Q1, down 26% from Q4 2025.

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