Exodus Movement, Inc. filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 9, 2026, covering the quarterly period ended September 30, 2026, and reporting total assets of $372,603 thousand alongside significant changes to its balance sheet following acquisitions.

Key Highlights

  • Total assets: Exodus Movement reported total assets of $372,603 thousand as of September 30, 2026, up from $266,762 thousand as of December 31, 2025, according to the filing.
  • Cash and cash equivalents: The company reported cash and cash equivalents of $9,628 thousand at the end of the quarter, compared with $4,938 thousand at December 31, 2025.
  • Goodwill appeared on the balance sheet: Goodwill of $99,295 thousand was recorded as of September 30, 2026, compared with zero at December 31, 2025, reflecting acquisition activity noted in the filing.
  • Digital assets declined: Digital assets fell to $25,264 thousand from $156,447 thousand at December 31, 2025, according to the balance sheet.
  • Restricted cash added: Restricted cash of $54,337 thousand and an additional $65,003 thousand of restricted cash held within a consolidated variable interest entity appeared on the balance sheet, with neither figure present at December 31, 2025.
  • Shares outstanding: As of November 2, 2026, the registrant had 11,314,572 shares of Class A common stock and 19,188,156 shares of Class B common stock outstanding, as disclosed on the cover page.
  • Filer status: The company indicated it is an accelerated filer, a smaller reporting company, and an emerging growth company as of the filing date.

Exodus Movement Balance Sheet Reflects Acquisitions and New VIE Consolidation in Third Quarter 2026

Exodus Movement, Inc., whose Class A Common Stock trades on NYSE American under the symbol EXOD, submitted its quarterly report for the period ended September 30, 2026. The filing shows total assets grew to $372,603 thousand from $266,762 thousand at December 31, 2025. The company attributed part of this expansion to acquisitions, referencing Monavate and Baanx in its forward-looking statements section, and the emergence of goodwill of $99,295 thousand and definite and indefinite-lived intangible assets, net, of $51,157 thousand on the September 30, 2026 balance sheet, neither of which appeared at year-end 2025.

The balance sheet also reflects the consolidation of a variable interest entity (VIE). Assets of the consolidated VIE included $561 thousand in cash and equivalents and $65,003 thousand in restricted cash, while the corresponding liabilities of the consolidated VIE included customer deposit liabilities of $65,003 thousand and accrued and other liabilities of $3,150 thousand. Outside the VIE, the company separately reported $54,337 thousand of restricted cash and $50,332 thousand of customer deposit liabilities. Total current liabilities rose to $152,130 thousand from $7,361 thousand at December 31, 2025.

Digital assets dropped to $25,264 thousand from $156,447 thousand at year-end 2025. Loans receivable, net, which stood at $80,584 thousand at December 31, 2025, was zero at September 30, 2026, according to the filing. Stablecoins increased to $6,550 thousand from $222 thousand, and restricted stablecoins of $5,778 thousand appeared for the first time. Accounts receivable grew to $14,752 thousand from $5,141 thousand. The filing notes the company is a remote-first organization and does not maintain a traditional headquarters.

What Was Disclosed

Exodus Movement filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing condensed consolidated balance sheet data, the consolidation of a variable interest entity, and acquisition-related goodwill and intangible assets, with the full financial statements and management discussion included in the filing.