Bullish Q3 Earnings and Revenues Improve Year Over Year, Shares Rise
Bullish posts a sharp Q3 rebound with soaring revenues and a return to profit, lifting shares in pre-market trading.
Bullish (BLSH) Q3 2025 Earnings Call Transcript
Bullish ( BLSH ) Q3 2025 Earnings Call November 19, 2025 8:30 AM EST Company Participants Michael Fedele - Vice President of Finance Thomas Farley - CEO & Chairman David Bonanno - Chief Financial Officer Conference Call Participants Kenneth Worthington - JPMorgan Chase & Co, Research Division Peter Christiansen - Citigroup Inc. Exchange Research Daniel Fannon - Jefferies LLC, Research Division Brett Knoblauch - Cantor Fitzgerald & Co., Research Division Brian Bedell - Deutsche Bank AG, Research Division Christopher Brendler - Rosenblatt Securities Inc., Research Division Guru Sidaarth - Oppenheimer & Co. Inc., Research Division Joseph Vafi - Canaccord Genuity Corp., Research Division Bill Papanastasiou - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Good morning, and thank you for standing by. My name is John, and I will be your conference operator today.
Meta's AI spending spree has even the most bullish stock analysts wondering: How much capex is too much?
Meta Platforms has been spending too aggressively on artificial intelligence (AI) infrastructure and that will affect the tech giant's profitability, according to a new investor note from Wall Street analyst firm MoffettNathanson.
Bullish to Report Q3 Earnings: What's in Store for the Stock?
BLSH's third-quarter performance is expected to have benefited from strong subscription gains and momentum across Liquidity Services and CoinDesk products.
Snap: Heavy Volume Buying Is The New Bullish Stock Puzzle Piece
Snap shares are rallying in response to unusually high trading volume, drawing renewed market attention. Disappointing Q2 2025 earnings, recent insider sales, a government investigation of social media giants, and elevated short interest may have led to a capitulation bottom in price during August-September. A prominent Saudi investor has been actively buying SNAP shares, signaling confidence in international growth prospects.
Bullish: Earnings And New York BitLicense Spell Buy
Bullish has shown strong institutional interest post-IPO, reporting robust Q2 results and a swing to profitability, despite shares being down 21% since going public. Bullish's revenue diversification is accelerating, with subscription services up 61% and a major boost from its newly awarded New York BitLicense. Tight trading spreads and high liquidity position Bullish as an attractive platform for institutional clients, though revenue growth depends on increasing trading volumes.
Bullish Stock 2x To $140?
Bullish (NYSE:BLSH) stock surged after its IPO earlier this month. The listing was priced at $37 per share, and the stock jumped nearly 3x in early trading before pulling back on volatility.
What's Happening With Bullish Stock
Bullish (NYSE:BLSH) stock experienced a significant increase following its IPO last Wednesday. Although the listing was set at $37 per share, the stock surged to $118 during early trading before stabilizing around $63 after another sharp sell-off on Monday.
Bullish: Hard To Be Bullish
Bullish shares have soared post-IPO but remain highly volatile and disconnected from underlying business fundamentals. Core exchange revenues are modest, with profitability driven mainly by volatile fair value gains on crypto holdings, not recurring operations. The valuation is extremely stretched, with a $10 billion market cap despite annualized revenues near $200 million and ongoing adjusted losses.
U.S. IPO Weekly Recap: Bullish And Miami International Complete The Last Major IPOs Of The Summer
Eight issuers listed in the US this past week, six of which were eligible for inclusion in our IPO stats, joined by two SPACs. There are no IPOs currently scheduled for the week ahead, though some small issuers may still price. Street research is expected for seven companies in the week ahead, and three lock-up periods will be expiring.
Bullish Stock: Buy The Hype?
Bullish (NYSE:BLSH) stock surged by over 80% following its IPO listing on Wednesday. While the listing was priced at $37 per share, the stock closed at about $68 per share.
Bullish: No Bearish Case Here
Bullish is a rapidly growing, institutionally focused digital asset platform with strong regulatory positioning and experienced leadership. The company boasts impressive trading volume growth, diversified revenue streams, and a robust balance sheet supporting its ambitious expansion plans. Valuation appears attractive relative to the benchmark, with a massively lower P/B ratio.
