Bullish Earnings Fall Short As Crypto Trading Weakens

CryptoProwl

Thu, May 14, 2026 astatine 8:12 AM CDT 1 min read

The latest fiscal results of cryptocurrency speech Bullish (NYSE: $BLSH) person travel up abbreviated arsenic trading enactment connected its level slowed successful caller months. 

The company, which focuses connected organization investors, reported first-quarter gross of $92.8 cardinal U.S., which was beneath Wall Street estimates of $94.9 cardinal U.S.

Bullish besides reported a nett nonaccomplishment of -$3.85 U.S. per stock compared with a nonaccomplishment of -$3.04 U.S. a stock a twelvemonth earlier.

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Management said the crypto speech struggled successful Q1 arsenic Bitcoin’s (CRYPTO: $BTC) terms fell to a multiyear debased of $60,000 U.S. Other integer assets besides saw their terms autumn sharply. 

Other crypto exchanges specified arsenic Coinbase Global (NASDAQ: $COIN) and Robinhood Markets (NASDAQ: $HOOD) besides missed their first-quarter net targets owed to the “crypto winter.” 

The latest net people comes a week aft Bullish announced plans to get transportation cause and shareholder services steadfast Equiniti for $4.2 cardinal U.S. 

The Equiniti acquisition aims to grow the company’s propulsion into tokenized securities and springiness Bullish a regulated transportation cause business.

Prior to contiguous (May 14), BLSH banal had declined 40% since its archetypal nationalist offering successful August of past twelvemonth to commercialized astatine $41.81 U.S. per share.