Exodus Movement : Q1 2026 CFO Supplemental Slides

About this update from Exodus Movement, Inc.

‌Movement, Inc. ‌The Most Important Strategic Move in Company History BEFORE AFTER MONAVATE Downstream partner Full-stack owner REVENUE CORRELATION 90% tied to trading Non-correlated streams ADDRESSABLE MARKET ~708M crypto traders Multi-trillion TAM REVENUE / USER Swap + on-ramp Swap + card + payments + yield INFRASTRUCTURE 3rd-party rails BIN · Processor · IBAN · Acquiring B2B OPPORTUNITY XO Swap API only Full financial-stack-as-a-service ‌The Monavate acquisition Closed May 1, 2026 ENTITY FUNCTION REGULATORY Monavate • BIN sponsor Processor IBAN Acquirer FCA EMI ENTITY FUNCTION REGULATORY Baanx (UK & US) • Card programs On-chain spend FX FCA crypto asset firm / U.S. issuing ‌Comparable stablecoin infrastructure platforms METRIC Monavate + Baanx Rain Bridge (Stripe) VALUATION TBD $1.95B $1.1B CARD ISSUING Local Issuing Global Waiver Global Waiver (Q2'26) TRANSACTION VOLUME (@deal) $5B $3B ~$5B REGULATORY FCA EMI + US US + International US (FinCEN) SCHEME MEMBER MC + Visa + Discover MC + Visa No ENTERPRISE PARTNERS 40+ programs 200+ API-native Valuations based on public fundraising announcements and reported M&A deal values. Bridge acquired by Stripe Feb 2025 - transaction volume post for FY 2024.. Rain valuation based on reported 2026 financing discussions. ‌Monavate/Baanx deal adjustments Original Transaction (November 2025) Closed Transaction (May 2026) Included all W3C holdings Monavate UK, Baanx UK/US, and TigSiPay $175M all cash transaction Cash-free, Debt-free Acquired operating entities Monavate Holdings Ltd, Baanx.com Ltd, and Baanx US Corp. Adjusted deal terms Purchase price: $108.8M Financial adjustments still being finalized Retention payments/timing Business re-investment expenses ‌Exodus: Q1 2026 and Historical Revenue Q2+Q3+Q4 Q1 $72.1M $23.7M $35.2M $15.4M $42.9M $13.3M $87.2M $29.1M $85.6M $36.0M $22.7M 2021 2022 2023 2024 2025 2026 ‌Exodus: Q1 2026 Revenue Exchange aggregation (Users) ~73% Exchange aggregation (Partnerships) ~15% Non-exchange aggregation revenue ~12% ‌Exodus: processed volume Annual Quarterly $5.5B $5.7B $6.9B $2.5B $2.7B $1.2B $2.17B $1.38B $1.75B $1.59B $1.18B 2021 2022 2023 2024 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 ‌Exodus: MAUs and QFUs MAUs Monthly Active Users, in millions QFUs Quarterly Funded Users, in millions ($ in billions) 1.6M 1.5M 1.5M 1.5M 1.5M 1.8M 1.7M 1.8M 1.7M 1.4M Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 MAUs and QFUs are as of the last day of the quarter 5 ‌Exodus: Balance sheet ~$123 million Cash, cash equivalents, USDC, and Treasury bills $74.4M 628 units Bitcoin (BTC) $42.8M 17,541 units Solana (SOL) $1.5M 1,861 units Ether (ETH) $3.9M ‌

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