Bullish shares dip on Q1 earnings miss, $605M loss

Written by Jesse Coghlan, Staff Editor. Reviewed by Felix Ng, Staff Editor. Written by Jesse Coghlan, Staff Editor. Reviewed by Felix Ng, Staff Editor. Bullish shares dip on Q1 earnings miss, $605M lossLatest NewsPublishedMay 15, 2026Bullish stock dropped in trading with the crypto exchange’s first-quarter earnings miss, adding to the crypto companies that have underperformed in the quarter.Shares in the US crypto exchange Bullish fell on Thursday after the company’s first-quarter earnings missed analysts’ top and bottom line expectations.Bullish’s adjusted revenue for the quarter ended March 31 was $92.8 million, up from $62.4 million a year ago, but below Wall Street expectations of $95.4 million.The company reported a net loss of $604.9 million, deeper than its $348.6 million loss in the prior-year period. Its adjusted earnings per share were 13 cents, below estimates of 17 cents.Bullish is the latest crypto company to report an earnings miss after the wider crypto market fell from January to March, with Bitcoin falling 24% over the quarter, according to CoinGecko.Shares of Bullish (BLSH) fell 5.6% during Thursday’s trading session to close at $39.46, then rose 1% in after-hours trading.Shares in Bullish dropped on Thursday on the company’s first-quarter results. Source: Google FinanceBullish’s stock has lost 43% since the company went public in August but is up 4.2% so far this year.The company told investors its recent $4.2 billion acquisition of Equiniti would allow it to bring to market a “regulated transfer agent with end-to-end tokenization infrastructure” and claimed to be the second-place exchange for Bitcoin options, two areas that are currently seeing a surge of interest.Related: Strategy’s Bitcoin engine faces $28B STRC ceiling: Delphi Digital“With the proposed acquisition of Equiniti, we will have all three elements required to become a powerhouse leading the blockchain era,” said Bullish CEO Tom Farley. “End-to-end tokenization services, a uni…

Bullish shares dip on Q1 earnings miss, $605M loss

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