ChainCatcher reported on November 10, 2026, citing The Block, that shares of self-custody wallet provider Exodus rose 10.07% on Monday and closed at $4.48. Year to date, the stock was down 70.21%.
Quarterly results. For the quarter ended September 30, 2026, Exodus reported revenue of $32.5 million, up 7% from $30.3 million a year earlier. Net income attributable to the company moved from a $17 million profit in the third quarter of 2025 to an $8.3 million loss. Adjusted EBITDA moved from a positive $5.9 million to a $3.9 million loss.
Payments activity. The company reported $1.1 billion in total transaction volume and $1.1 billion in total exchange volume for the quarter, along with 1.6 million active cards and 1.4 million monthly active users. Funded users rose 7.7% from the prior quarter to 1.4 million, while exchange volume fell 3.4% quarter over quarter.
Exodus said the quarter focused on integrating the organization, restoring some payment capabilities, refining the product roadmap, and establishing a stricter operating model. It also said that integrating Monavate and Baanx would cut combined annual costs by about $30 million by 2027, above an earlier target of $10 million to $13 million.
Beyond the wallet. The company has been extending past the self-custody wallet. In June 2026 it partnered with Ondo Finance to launch Exodus Markets, which offers qualified customers more than 200 tokenized stocks, ETFs, and other assets through a wallet on Solana. Chief executive JP Richardson said the company is building a financial system in which anyone can receive money, invest, and spend as easily as sending a message while retaining control of their assets.
That control claim does not spell out the custody and obligation chain. The self-custody wallet, the payments and card business, and tokenized-asset access for qualified customers sit with different arrangements: user-held keys are not the same relationship as card activity, acquired payments operations at Monavate and Baanx, or assets offered with Ondo Finance on Solana. Reported revenue, volumes, and user counts are not a proof of reserves, an audit, or a statement of what Exodus owes customers. Where a tokenized asset can be seen on-chain, that visibility is not legal ownership of the underlying stock or ETF, and it does not establish solvency or customer protections.
Original report: ChainCatcher, November 10, 2026, citing The Block.