Exodus Movement, Inc. (EXOD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to Exodus Q2 2026 earnings webcast and conference call. At this time, all participants are in the listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. I will now turn the conference over to Benjamin Marcos from Exodus. Please go ahead. Hi, everyone. Welcome to Exodus second quarter 2026 earnings call. I'm your host, Ben Marcos, and with us today are Exodus co-founder and CEO J.P. Richardson, Motivate CEO Michael Rolfe, and CFO James Gernetzke. During today's call, we might make forward-looking statements. The company cautions investors that any forward-looking statement involves risks and uncertainties and is not a guarantee of future performance. Actual results may vary materially from those expressed or implied due to a variety of factors described in our earnings release, Form 10-K, and other SEC filings. We undertake no obligation to update forward-looking statements. As always, we encourage investors to submit questions through X or Reddit following today's call. Today's call is our first opportunity to report on the combined Exodus and Motivate organization. JP will begin with a strategic transformation underway at Exodus. Michael will explain the payments platform and combined market opportunity. And James will review the quarter's financial performance and the steps we're taking to build a more durable financial model. With that, let's go to you, JP. Thanks, Ben. And thank you, everyone, for joining us. If there's one takeaway from today's call, it's this. Exodus is becoming a payments company. And this quarter, the transformation moved from p...