Exodus reported a second-quarter net loss of $18.6 million, reversing from a $37.7 million profit a year earlier, even as revenue edged up 2% to $26.2 million. The company completed its acquisitions of Monavate and Baanx on May 1, 2026, adding payments infrastructure to broaden its financial services product line, and said the quarter included two months of contributions from those businesses. Operating metrics weakened during the period, with monthly active users down 6.7% to 1.4 million, funded users down 7.1% to 1.3 million and total exchange provider volume falling 8.3% to $1.1 billion. The acquired entities processed $600 million of transactions through 1.1 million active cards in the quarter. Exodus also announced a partnership with UFC as its first official payment partner, alongside stablecoin subscription payment agreements with Latin American streaming services DGO and SKY+. $EXOD shares fell roughly 6% following the update.