Bullish Reports Second Quarter 2026 Results

Bullish reported its second quarter 2026 financial results, with digital asset sales of $32.6 billion and a net loss of $280.0 million. Adjusted revenue was $92.6 million, and Adjusted EBITDA was $29.5 million. The company highlighted progress on its Equiniti transaction, continued growth in subscription, services, and other revenue, and increased regulatory footprint with approval from the Gibraltar Financial Services Commission. Bullish also announced refined full-year 2026 guidance, projecting subscription, services, and other revenue between $225.0 million and $245.0 million, and adjusted operating expenses between $225.0 million and $230.0 million.