FORM 10-Q________________________________________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-42047________________________________________________________ Exodus Movement, Inc. (Exact Name of Registrant as Specified in its Charter)________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May4, 2026, the registrant had 10,828,976 shares of Class A common stock, par value $0.000001 per share, and 19,183,813 shares of Class B common stock, parvalue $0.000001 per share, outstanding. Exodus Movement, Inc.Table of Contents Cautionary Statement Regarding Forward-Looking Information for Purposes of the "Safe Harbor" Provisions of the PrivateSecurities Litigation Reform Act of 1995 This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Actof 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the dateof this Quarterly Report on Form 10-Q. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is areasonable basis for them. However, there can be no assurance that our expectations, beliefs, and projections will be achieved.Forward-looking statements are generally identified by the words "may," "will," "could," "would," "should," "expect," "intend,""plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "forecast," as well as variations ofsuch words or similar expressions. Forward-looking statements include statements concerning: •our business plans and strategy;•projected profitability, performance, or cash flows;•future capital expenditures;•our growth strategy, including our ability to grow organically and through mergers and acquisitions;•anticipated financing needs;•business trends;•our capital allocation strategy;•liquidity and capital management; and•other information that is not historical information. There are a number of risks, uncertainties, and other important factors that could cause our actual results to differ materially fromthose expressed or implied by our forward-looking statements, including those set forth in the sections titled "Risk Factors" and"Management’s Discussion and Analysis of Financial Condition and Results of Operations." You should evaluate all forward-lookingstatements made in this Quarterly Report on Form 10-Q in the context of these risks and uncertainties. We caution you that the risks, uncertainties, and other factors referred to above and elsewhere in this Quarterly Report on Form 10-Qmay not contain all of the risks, uncertainties, and other factors that may affect our future results and operations. Moreover, new riskswill emerge from time to time. It is not possible for us to predict all risks. In addition, we cannot assure you that we will realize theresults, benefits or developments that we expect or anticipate or, even if substantially realized, that they will result in the consequencesor affect us or our business in the way expected and you should not place undue reliance on our forward-looking statements. All forward-looking statements in this Quarterly Report on Form 10-Q apply only as of the date made, u