Exodus Movement, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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.
Sep 30, 2026 · Filed Nov 9, 2026
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9. Intangible Assets, Net
- Intangible Assets, Net
Intangible assets, net consisted of the following:
| (in thousands, except useful lives) | Useful lives | September 30, 2026 | December 31, 2025 |
|---|---|---|---|
| Technology in development | $— | $1,317 | |
| Definite-lived assembled workforce | 3 | 1,316 | 1,316 |
| Definite-lived tradenames | 3 to 10 | 2,034 | 235 |
| Definite-lived technology | 3 to 10 | 14,218 | — |
| Definite-lived customer relationships | 12 to 14 | 24,800 | — |
| Indefinite-lived licenses | 9,400 | — | |
| Indefinite-lived domains | 2,096 | 2,096 | |
| Indefinite-lived other | 50 | 50 | |
| Less: accumulated amortization | (2,061) | (86) | |
| Definite and indefinite-lived intangible assets in use, net | 51,853 | 3,611 | |
| Currency translation adjustment | (696) | — | |
| Definite and indefinite-lived intangible assets, net | 11.29 | 51,157 | 4,928 |
For the three and nine months ended September 30, 2026, amortization expense for definite-lived intangible assets was $1.1 million and $2.0 million, andnone for the same periods of 2025. respectively.
The following summarizes the future amortization expense as of September 30, 2026:
| (in thousands) | |
|---|---|
| Three months ended December 31, 2026 | $1,055 |
| 2027 | 4,219 |
| 2028 | 4,133 |
| 2029 | 3,373 |
| 2030 | 3,263 |
| 2031 | 3,263 |
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