Bullish announces third quarter results: sets multiple financial records and surpasses $1 billion in Options volume.

2025-11-20 00:38:44

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According to Deep Tide TechFlow news, on November 20, Bullish( NYSE code: BLSH) will release its third quarter financial report on November 19, 2025, showcasing strong performance. The company achieved an adjusted revenue of $76.5 million and an adjusted EBITDA of $28.6 million, both reaching historic highs.

Highlights for the third quarter include:

Net income of 18.5 million dollars, diluted earnings per share of 0.10 dollars, compared to a loss of 67.3 million dollars in the same period last year.

Adjusted net income of $13.8 million, a significant improvement compared to a loss of $3.1 million in the same period last year.

The sales of digital assets reached $41.599 billion, a decrease from $54.192 billion in the same period last year.

In terms of business development, Bullish has successfully launched cryptocurrency options trading services, collaborating with 14 leading trading partners, and quickly surpassed $1 billion in trading volume. The company also received approval for a BitLicense from the New York State Department of Financial Services, officially launching spot trading operations in the United States. Additionally, 5 out of the 6 newly launched spot cryptocurrency ETPs in the U.S. are based on the CoinDesk index.

Looking ahead to the fourth quarter of 2025, Bullish expects subscription, service, and other revenues to reach between $47 million and $53 million, with adjusted operating expenses anticipated to be between $48 million and $50 million.

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