Bullish Revenue Beats Estimates, EPS Misses
Bullish on Thursday reported adjusted revenue of $92.6 million, up 62% year over year. Revenue beat the analyst estimate of $87.81 million.
Record subscription, services and other revenue of $62.7 million drove growth and helped offset weaker crypto trading activity.
Adjusted EBITDA rose to $29.5 million from $8.1 million a year earlier. Adjusted net income totaled $14.3 million, or 9 cents per share. Adjusted EPS missed the 10-cent consensus estimate.
Management also refined its full-year 2026 outlook. Bullish expects subscription, services and other revenue of $225 million to $245 million and adjusted operating expenses of $225 million to $230 million.
