Exodus equities climbed 10.07% on Monday to finish the session at $4.48, prior to the release of the firm’s third-quarter financial results, which revealed increased revenue alongside a shift back to a quarterly deficit.
Shares of the NYSE American-traded firm stayed lower by 8.57% across a five-day trading window and down 70.21% since the beginning of 2026, based on data from The Block’s EXOD price tracker.
Exodus disclosed $32.5 million in top-line revenue for the three-month period concluding September 30, marking a 7% rise compared to $30.3 million during the prior year, the business noted in a statement.
Net income belonging to the firm shifted to an $8.3 million loss, contrasting with a $17 million net gain in the third quarter of 2025. Adjusted EBITDA likewise dropped into negative territory, registering a $3.9 million loss versus a positive adjusted EBITDA of $5.9 million twelve months prior.
“Q3 was about execution: integrating the organization, restoring some payment capabilities, sharpening our product roadmap, and building a more disciplined operating model,” the business wrote on X.
Payments business posts $1.1 billion in volume
Exodus highlighted $1.1 billion in gross transaction volume throughout the quarter, accompanied by $1.1 billion in aggregate swap volume. It additionally recorded 1.6 million active cards and 1.4 million monthly active users, according to the announcement.
The count of quarterly funded users grew 7.7% versus the preceding quarter, reaching 1.4 million, whereas swap volume decreased by 3.4% compared to Q2.
The enterprise has actively diversified past its self-custodial wallet operations. Back in June, Exodus introduced Exodus Markets alongside Ondo Finance, granting eligible clients entry to upwards of 200 tokenized equities, exchange-traded funds, and other instruments via its Solana wallet.
“We are building toward a financial system where anyone can receive money, invest it, and spend it as easily as they send a message, while retaining control of their assets,” Exodus CEO JP Richardson remarked within the release.
Concurrently, the firm indicated it stays on schedule to cut combined yearly expenditures by roughly $30 million entering 2027, scaling up from an initial $10 million to $13 million goal while completing the integration of Monavate and Baanx.
Originally published at https://www.theblock.co/news/business/2026-11-10-exodus-shares-rise-10-ahead-of-q3-earnings-showing-7-revenue-growth-8-3-million-loss-437012.
