Exodus Movement (NYSEAMERICAN:EXOD) Posts Earnings Results

Exodus Movement (NYSEAMERICAN:EXOD) posted its earnings results on Monday. The company reported ($0.62) earnings per share for the quarter, FiscalAI reports. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The company had revenue of $26.23 million during the quarter.

Here are the key takeaways from Exodus Movement’s conference call:

• Exodus is pivoting into payments through its Monavate and Baanx acquisition, aiming to diversify beyond crypto-dependent swap revenue with enterprise payments, stablecoin settlement, card issuing, and other financial infrastructure services.
• Monavate processed approximately $1.8 billion in gross transaction volume year to date, including about $900 million in Q2; normalized volume from its core client base rose 60% quarter over quarter, and the platform supports roughly 40 enterprise customers across more than 50 countries.
• Q2 revenue was $26.2 million and net loss was $18.6 million, while EBITDA loss reached $21.5 million, reflecting acquisition, integration, professional-services, and restructuring costs. The company said the quarter included about $17 million of transaction-related incentive costs and $5.8 million of professional-services expenses.
• Management expects the 25% workforce reduction to generate $10 million to $13 million in annualized operating-expense savings, with the full monthly run rate expected in Q4 2026 and the full cash benefit realized in 2027.
• Monavate’s European card issuance remains constrained following a regulatory setback, limiting new-program onboarding and delaying broader Exodus Pay adoption. Management expects to establish a new issuing arrangement in Q4, subject to Bank of Latvia approval for the TXIPay acquisition, a process that could take roughly 60 to 90 days after filing.

Exodus Movement Price Performance

Shares of Exodus Movement stock opened at $5.20 on Tuesday. Exodus Movement has a fifty-two week low of $4.57 and a fifty-two week high of $32.92. The firm has a fifty day moving average price of $5.58 and a two-hundred day moving average price of $7.79. The company has a market cap of $156.05 million, a PE ratio of -4.09 and a beta of 1.90.

Analyst Ratings Changes

A number of research firms have recently commented on EXOD. BTIG Research reduced their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Benchmark lowered their target price on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Exodus Movement in a report on Monday, June 15th. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Northland Securities set a $10.00 target price on shares of Exodus Movement in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Exodus Movement has an average rating of “Buy” and a consensus price target of $21.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXOD. Royal Bank of Canada lifted its stake in shares of Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after buying an additional 3,008 shares during the period. Impact Partnership Wealth LLC acquired a new position in Exodus Movement in the 1st quarter valued at approximately $66,000. Bank of New York Mellon Corp acquired a new position in Exodus Movement in the 2nd quarter valued at approximately $125,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement in the 4th quarter worth approximately $164,000. Finally, Bank of America Corp DE lifted its position in shares of Exodus Movement by 17,155.2% in the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after acquiring an additional 33,281 shares during the period.

About Exodus Movement

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.