EXOD

Exodus Movement, Inc.

Exodus Movement, Inc.EXOD

Technology · Software - Infrastructure

3.92USD

-16.24%

Nov 06, 2026

EXOD overview ready

Self-custodial digital asset wallet and fiat on/off-ramp platform

Exodus is a consumer-facing self-custodial wallet and payments-platform pure play, monetizing activity around users' digital-asset management, swaps, staking and related onchain services while expanding platform capabilities for enterprise partners.

Primary theme is lagging

Crypto is lagging (-30.6pp vs SPY over 21 sessions; 0 of 15 members ahead of SPY).

Price trend is broken

Longer-term context reads damaged structure, with a near-term setup of distribution pressure.

The tactical setup reads distribution pressure, but the weekly structure is broken.

Fair valuation

The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Unremarkable fundamentals

Primary risk

Cryptocurrency market volatility impacting user activity.

Market Nov 5Price action Nov 5Research Sep 21

Conviction Level

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing

CryptoLagging

vs SPY

−30.6pp

Theme return

−32.2%

Beating SPY

0 of 15

21 sessions to Nov 4, 2026 · Theme Leadership V2

Price

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Price Action

Price trend is broken

Longer-term context reads damaged structure, with a near-term setup of distribution pressure.

The tactical setup reads distribution pressure, but the weekly structure is broken.

EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap: $155.6M
Avg Volume (60D): 71.8K
Revenue Growth YoY: -14.2%
Gross Margin: +93.6%
Operating Margin: -50.1%
Free Cash Flow Yield: +3.9%
Distance from 200DMA: -47.0%
Next Earnings: 2026-11-09

Market metrics as of Nov 5, 2026

Business Performance

Business Quality

Not assessed

Not assessed — banks, insurers and lenders need a different model.

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because operating losses behind the low multiple.

Exodus Movement, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis

Opportunity

Moderate opportunity

Consumer and small-business adoption of non-custodial wallet interfaces that provide direct asset control while enabling swaps, payments, staking, stablecoin use and access to onchain applications.

Key risk

Cryptocurrency market volatility impacting user activity.

Economic classification

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Business & Markets

Technology · Software - Infrastructure

What they do

Exodus Movement, Inc. develops and operates a self-custodial digital asset wallet platform that enables users to access decentralized finance and blockchain services without hosting their assets. It also facilitates fiat-to-crypto exchanges and staking services within its wallet ecosystem.

How it earns

The company generates revenue primarily through transactional fees on digital asset purchases, staking services, and related platform activities.

Products & services

Exodus Platform self-custodial digital asset wallet

Fiat on/off-ramps for digital asset purchases

Staking services for digital assets

Customers & end markets

Individual cryptocurrency users

Digital asset investors and traders

Market position

Niche player focused on user-friendly, self-custodial digital asset wallets within the blockchain fintech space.

Demand drivers

High cyclicality

Demand is closely tied to cryptocurrency market cycles and user interest in digital assets.