Exodus Movement, Inc.

Good morning, and welcome to Exodus, first quarter 2026 earnings call. I am Jack Barlow, head of investor relations, and with me today is our co-founder and CEO, J.P. Rickerson, and our CFO, James Garnetsky. Last night, we issued a press release and filed our quarterly results, which are both available on our website. During today's call, we'll reference our earnings, and we may make forward-looking statements. The company cautions investors that any forward-looking statements involves risk and uncertainties and is not a guarantee of future performance. Actual results may vary materially and those expressed or implied in the forward-looking statements due to a variety of factors. These factors are referenced in the forward-looking statement disclosure in our earnings release and described in more detail in our recent form 10-K filed with the FCC earlier this year and is also available on our investor relations portion of our website. We do not undertake any obligation to update forward-looking statements. And as always, please feel free to contact us at investors at Exodus.com if you have any questions or submit your questions via our social media accounts on X or Reddit. With that, I will turn the call over to JP.

Thanks, Jack. Thank you, everybody, for joining us here today. Okay, two weeks ago, on May 1st, our team traveled from all over the world to Omaha, Nebraska for our first shareholder day, the Exodus Summit. We brought investors, partners, and customers together for a full day of programming. We made many new announcements to show what we're building and heard directly from the leaders and partners building it with us. What you didn't see is that in the days leading up to the summit, we were on calls all day and night working on closing Montevate and Banks. In fact, everyone was running on a few hours of sleep and some of our team members even pulled all-nighters. But finally, the night before the summit began, the team closed the Montevate and Banks UK deals. But Banks US was still pending. And so the team spent all day on calls backstage pushing to close the deal. And about 20 minutes before I walked on stage, we got word that the deal had closed. I'll always remember this moment as we officially owned Banks and Monavate. This was not an easy process, and it took 15 months of countless hours and extraordinary effort from our teams. It was the largest transaction in Exodus history and marks a major step for the next chapter of our company. Monovate and Bank strengthen our business in four important ways. First, this transaction diversifies our revenue away from the crypto trading cycle. We're adding new recurring revenue like card processing, interchange, and issuance and settlement. Second, this adds an additional customer base that's completely separate from crypto. And customers from Monovate include all types of customers. There's a major buy now, pay later customer and one of the largest players in maritime payments. So this is, again, this is revenue with no exposure to crypto markets. Third, these acquisitions give Exodus control over more of the payment stack. from self-custody to card transaction processing payments, finally all under one roof. And they expand what we can offer with the Exosuite. Monovate and banks bring existing relationships across Metamask, Ledger, Kraken, and OKEx. They give us more ways to serve enterprise customers with payments capabilities we now own. This is the first earnings call where we can officially say, again, that we own the full payment stack. And now we are executing on this vision that we've shared with you on past calls. We have products in the market and two completed acquisitions, and here's what's next. One of the biggest milestones in Q1 was launching of Exodus Pay. We're now live in all 50 states, plus Canada and parts of Europe. People can manage their money, send and spend, all from one app. Our customers are now using the digital dollars they hold in their wallets to pay for groceries, and Exodus Pay is just the beginning. Now, check this out. In the same way that Exodus makes self-custody and payment simple for our customers, we are extending this simplicity and control to AI agents. Last week, you may have seen it, we announced ExoCash powered by MoonPay as the first stablecoin designed for AI agents. Let's spend a moment on this because it captures how we're thinking about agents in the future of payments. We believe that everyone is about to have hundreds of agents working for them around the clock, buying products, placing trades, managing their finances. And Exocash was built for this future. The stablecoin is live today, and we're now building AgentKit, the developer toolkit that sits atop of it. And so effectively what this means is that agents will be able to pay on your behalf using either stablecoins or credit cards. And what's really important about this is that This is funded from the customer's excess pay balance while the keys are kept safely in Exodus. The agent never touches the keys. Again, I can't underscore how important this is. The AI agents can spend dollars at any Visa or MasterCard accepting merchant drawing from the user's excess pay balance under the limits and permission that the consumer sets. The announcement is live at exocash.com and runs on the Montevate Rails we've just acquired. Now, the broader strategy is about bringing these products to a much larger audience, which is why at the summit we announced that we were becoming the official payments partner of the UFC. This partnership gives Exodus Pay a major distribution channel. It also brings Exodus Brand to one of the most trusted sports environments in the world. Regular presence on screens around the world. When hundreds of millions of UFC fans think of sending money, they're going to think of Exodus. We're going to kick off this partnership in June and sponsor the official Freedom 250 fight on the White House lawn. Exodus is going to be front and center of one of the biggest cultural moments of the year. So for anyone who is not able to attend the summit, I would encourage you to watch the summit online for the more comprehensive and detailed discussion of our vision and strategy. You can find it on our investors page. And so a few thoughts on the quarter before I hand it over to James. Q1 looked a lot like Q4. Digital asset prices fell and trading volume fell with them. This is exactly the crypto dependence I flagged on prior calls. That's the whole reason for the work that we're doing from shifting our business from speculation to payments. And Q1 showed the limits of the old model and the acquisitions and products launches we're talking about today show the path to a more durable revenue model. We're building Exodus into a business, again, where the direction of the crypto doesn't determine the quarter. So from here, our priorities are clear. Integrate, motivate banks, scale Exodus Pay, expand payments-related revenue, and continue building a more durable revenue model. Finally, I have to share some thank yous because none of this happens without the people behind it. I want to thank Exodus team, our customers, you, our investors, for your continued support. Specifically want to call out our CFO, James, our General Counsel, Blake Rizzo, Kevin Wood, our Director of Revenue Operations, and Motivate CEO, Michael Roth. They were essential in helping to work together to get to this successful transaction close and getting across this, the finish line. So with that, I'm going to hand it over to James now, and he's going to go through the financials.

James? James?