Exodus Movement, Inc.

For the period ended Mar 31, 2026. Filed May 11, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 11, 2026

EXOD$4.48+10.1%Stored close · as of Nov 9, 2026

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Contents

3. Revenue Recognition

Revenue Recognition

The following table presents the Company’s revenues disaggregated by geography, based on the addresses of the Company's customers:

(in thousands, except percentages)	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
	Amount	% of Revenue	Amount	% of Revenue
Republic of the Marshall Islands	$4,979	21.9%	$9,787	27.2%
Hong Kong	5,732	25.2	7,656	21.3
British Virgin Islands	2,989	13.1	7,414	20.6
Seychelles	3,397	14.9	4,382	12.2
Saint Vincent and Grenadines	1,969	8.7	3,788	10.5
Other(1)	3,681	16.2	2,969	8.2
Revenues	$22,747	100.0%	$35,996	100.0%

(1)No other individual country or territory accounted for more than 10% of total revenue.

The following table presents the Company's revenue disaggregated by products and services:

(in thousands, except percentages)	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
	Amount	% of Revenue	Amount	% of Revenue
Exchange aggregation	$20,003	87.9%	$33,807	94.0%
Fiat onboarding	1,947	8.6	1,140	3.2
Staking	659	2.9	588	1.6
Consulting	108	0.5	337	0.9
Other (1)	30	0.1	124	0.3
Revenues	$22,747	100.0%	$35,996	100.0%

(1)For the three months ended March 31, 2026 and 2025, other includes less than $0.1 million and $0.1 million related to non-fungible token revenue, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.