Bullish Posts $280M Q2 Net Loss as Trading Slows
Record $62.7M subscription, services and other revenue cushioned softer trading, but the large reported loss keeps Bullish's earnings mix and full-year guidance in focus.
Every Zipp story tagged #Bullish, newest first.
Record $62.7M subscription, services and other revenue cushioned softer trading, but the large reported loss keeps Bullish's earnings mix and full-year guidance in focus.
Fading retail activity is pushing major exchanges toward traditional-asset products, giving Wall Street-style trading a larger role in crypto markets.
The rotation pulls capital into private space while scaling back exposure to crypto-adjacent public names, a small but directional shift in Cathie Wood's flagship funds.
Cathie Wood's three ETFs added Bullish for a fourth straight session even as the stock shed 8.9% in five days — a contrarian add into a name sitting on $604.9M Q1 net loss and a $4.2B Equiniti deal.
Cathie Wood's funds added to the crypto exchange through the dip despite a $604.9M Q1 net loss — a vote of confidence in the stock's tokenization pivot and its top-six public-corporate BTC treasury.
A massive GAAP loss masks a sharply stronger operating profile: adjusted revenue jumped from $62.4M to $92.8M and EBITDA more than doubled, framing the quarter as one for the underlying business…
The miss lands Bullish in the same quarter's bad column as Coinbase and Robinhood, where softer crypto prices compressed transaction revenue across the industry — but the $4.2B Equiniti deal keeps…
Clear Street sees a sharp earnings-quality upgrade as Bullish inherits Equiniti's book of 3,000 public companies — but Compass Point argues the rerating is already in the price.