NYSE$BLSH
Bullish · Q2 2025 earnings
Q2 2025 earnings ·
Briefing
Bullish reported Q2 2025, revenue of $57M, net loss of $6M.
For Q2 2025, Bullish reported revenue of $57M, a net loss of $6M. Management discusses segment performance, capital allocation, and sector risks in the quarterly filing.
- Revenue $57M.
- Net loss $6M.
- Bullish MD&A covers liquidity, credit, and operating priorities.
Headline financials
Revenue & EPS history
Bullish · Revenue · Quarterly
$57M
Revenue by segment
Bullish · $76.5M total across 2 segments · Q3 2025
- Subscription, services and other (within adjusted revenue)$49.8M—65.1%
- Adjusted transaction revenue$26.7M—34.9%
Forward guidance
The quarterly filing discusses operating priorities, capital returns, and sector risks.
Tailwinds
- MD&A highlights liquidity and core business trends.
- Management commentary on segment performance.
Headwinds
- Macro, rates, or input costs may pressure margins.
- One-time items can affect YoY comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports
-3.0%
Avg return
Earnings day
+12.2%
Avg return
5 days after
+5.7%
Avg return
30 days after
25%
1 / 4 earnings
Positive
+5.8%
Q2 2025
Best reaction
-8.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.7% | -13.3% | -34.9% | |
| Q4 2025 | -8.5% | +17.8% | +28.5% | |
| Q3 2025 | -3.6% | +9.9% | +18.1% | |
| Q2 2025 | +5.8% | +34.5% | +11.1% |
Discussion
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