Exodus Movement, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
View on SEC.govAbout 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$4.08-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| (Unaudited, in thousands) | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(32,139) | $(12,873) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 808 | 1,042 |
| Deferred tax benefit | (15,627) | (7,423) |
| Impairment of other assets | 411 | 137 |
| Loss on digital assets, net | 36,413 | 28,809 |
| Staking and other (income) loss | (110) | 136 |
| Other loss, net | 3 | 447 |
| Share-based compensation | 4,477 | 2,707 |
| Accrued interest income | (4,586) | (648) |
| Other operating activities settled in digital assets and stablecoins (1) | (352) | (15,070) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 28 | 246 |
| Prepaid expenses | 824 | (1,592) |
| Income tax receivable | 3,401 | (1,456) |
| Other current assets | (534) | 79 |
| Other long-term assets | 8 | 32 |
| Accounts payable | 648 | 322 |
| Income tax payable | 3,554 | — |
| Accrued liabilities | 181 | (1,073) |
| Other long-term liabilities | — | 12 |
| Net cash used in operating activities | (2,592) | (6,166) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Investment in Simple Agreements for Future Equity notes ("SAFEs") | — | (100) |
| Purchases of fixed assets | (26) | (51) |
| Redemption of treasury bills | — | 29,000 |
| Purchases of digital assets | (962) | (1,571) |
| Disposal of digital assets held | 73,215 | 6,416 |
| Other investing activities | (325) | — |
| Net cash provided by investing activities | 71,902 | 33,694 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repurchase of shares to pay employee withholding taxes | (1,329) | (5,638) |
| Net cash used in financing activities | (1,329) | (5,638) |
| Change in cash and cash equivalents | 67,981 | 21,890 |
| Cash and cash equivalents, beginning of period | 4,938 | 37,883 |
| Cash and cash equivalents, end of period | 72,919 | 59,773 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Non-cash issuance of stock | $14 | $26 |
| Fixed assets purchased with digital assets | $— | $(27) |
| Non-cash capitalized software costs settled in digital assets and stock (including stock-based compensation of $133 and $52, respectively) | $(542) | $(450) |
| Non-cash capitalized interest on loans receivable | $2,141 | $— |
(1)See "Note 6 - Digital Assets".
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.