Exodus Movement (EXOD) Operating Expenses (2023 - 2026)
Exodus Movement (EXOD) posted Operating Expenses of $44.7 million for Q2 2026, up 189.25% on a QoQ basis from $15.5 million in Q1 2026, and up 137.61% year-over-year from $18.8 million in Q2 2025.
Analysis
Exodus Movement (EXOD) Operating Expenses (2023 - 2026) Analysis & Trends
Exodus Movement has reported Operating Expenses for 4 years, with the latest figure at $44.7 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 137.61% year-over-year to $44.7 million in Q2 2026; TTM through Jun 2026 was $93.3 million, a 68.04% increase from a year earlier, with the FY2025 full-year figure at $66.3 million, up 67.78% from the prior year.
- Operating Expenses was $44.7 million for Q2 2026 at Exodus Movement, up from $15.5 million in the prior quarter.
- The five-year high for Operating Expenses was $44.7 million in Q2 2026, with the low at $3.9 million in Q4 2023.
- Average Operating Expenses over 4 years is $13.2 million, with a median of $11.5 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 255.38% in 2024, then grew 7.96% in 2026.
- Over 4 years, Operating Expenses stood at $3.9 million in 2023, then surged by 255.38% to $13.9 million in 2024, then jumped by 31.1% to $18.3 million in 2025, then jumped by 144.81% to $44.7 million in 2026.
- The last three Operating Expenses figures came in at $44.7 million (Q2 2026), $15.5 million (Q1 2026), and $18.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 47.30 Bn | 38.51 Bn | 1.16 Bn | 1.33 Bn |
| 2 | Bullish | 4.56 Bn | 4.45 Bn | 15.53 Mn | -56.27 Mn |
| 3 | Cypherpunk Technologies | 505.78 Mn | 505.78 Mn | - | 4.69 Mn |
| 4 | Canton Strategic Holdings | 491.20 Mn | 491.20 Mn | - | 2.70 Mn |
| 5 | Coincheck | 271.17 Mn | 169.57 Mn | 11.20 Mn | 711.50 Mn |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | 14,393.00 |
| 7 | Usbc | 194.85 Mn | 191.19 Mn | - | 28.10 Mn |
| 8 | TON Strategy | 190.92 Mn | 190.90 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | 17,725.00 |
| 10 | Exodus Movement | 139.86 Mn | -215.22 Mn | - | 44.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.71 Mn |
| Mar 31, 2026 | 15.46 Mn |
| Dec 31, 2025 | 18.26 Mn |
| Sep 30, 2025 | 14.88 Mn |
| Jun 30, 2025 | 18.82 Mn |
| Mar 31, 2025 | 14.32 Mn |
| Dec 31, 2024 | 13.93 Mn |
| Sep 30, 2024 | 8.47 Mn |
| Jun 30, 2024 | 9.05 Mn |
| Mar 31, 2024 | 8.06 Mn |
| Dec 31, 2023 | 3.92 Mn |
| Sep 30, 2023 | 4.60 Mn |
| Jun 30, 2023 | 4.02 Mn |
| Mar 31, 2023 | 5.97 Mn |