The Bullish Trade

Bullish, a digital asset platform, recently released its fourth-quarter 2025 results. The company, known for its market infrastructure and information services, reported its financials on February 5, 2025.

Bullish reported fourth-quarter adjusted revenue of $92.5 million and adjusted EBITDA of $44.5 million, both rising year-over-year, while net loss widened to $563.6 million. Adjusted net income improved to $28.9 million despite a slight dip in digital asset sales to $64.3 billion.

The company said it expects 2026 subscription, services and other revenue of $220 million to $250 million, with adjusted operating expenses projected between $210 million and $230… Read more on Benzinga