Exodus (EXOD) Q2 2026 Earnings Call Transcript

Exodus Q2 2026 Earnings Call Transcript

Co-Founder and Chief Executive Officer-JP Richardson, Chief Executive Officer, Monavate-Michael Rolph, and CFO-James Gernetzke joined the earnings call. The company cautions that forward-looking statements involve risks and uncertainties, and actual results may vary materially from those expressed or implied.

JP Richardson stated that Exodus is becoming a payments company. The transformation moved from plan to execution during the quarter. Monavate's acquisition and the integration of the businesses are part of this strategic transformation. Monavate opens the door to a new enterprise payments market with revenue streams independent of crypto markets.

The company reduced its team size by approximately 25%, expecting annualized operating expense savings of $10 million to $13 million. A net loss of $19 million was reported, largely reflecting onetime operational expenses connected with combining the organizations. The focus is on Exodus Pay and building novel solutions for new markets, most notably Agentic payments.