Earnings ·
Bullish reported a net loss of $280.0 million, or $(1.78) per diluted share, for the second quarter ended June 30…
BLSHBullish
Bullish reported a net loss of $280.0 million, or $(1.78) per diluted share, for the second quarter ended June 30, 2026, compared to net income of $108.3 million in the prior year period. Digital asset sales declined to $32.6 billion from $58.6 billion. Adjusted revenue rose 62% year-over-year to $92.6 million, driven by record subscription, services, and other revenue of $62.7 million. Adjusted EBITDA increased to $29.5 million from $8.1 million. The company refined its full-year 2026 guidance for adjusted operating expenses to a range of $225.0 million to $230.0 million and finance expense to $52.0 million to $60.0 million. Bullish is an institutionally focused global digital asset platform that provides regulated market infrastructure, exchange services, and information services.