Peter Thiel-Backed Crypto Platform Bullish Swings to a Profit; Stock Surges
Sep 18, 2025, 12:51 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The strong earnings and growth in trading volumes indicate operational success. Historical examples like Coinbase’s success post-IPO after strong earnings reports reinforce this positive outlook.
AI summary
What happened, with direct paths to the underlying reporting
Bullish reported a Q2 profit of $108 million, up from a loss last year. Shares surged over 10% following the earnings report after IPO. Trading volume increased by 35% to $179.6 billion this quarter. CEO cites strong business momentum for Q3 and future outlook. Current quarter net income projected between $12 million to $17 million.
Bullish reported a Q2 profit of $108 million, up from a loss last year.
Shares surged over 10% following the earnings report after IPO.
Trading volume increased by 35% to $179.6 billion this quarter.
CEO cites strong business momentum for Q3 and future outlook.
Current quarter net income projected between $12 million to $17 million.
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