---
title: "Bullish Q2 FY26 net loss widens to $280 million; adjusted revenue rises 62% to $92.6 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295783928.md"
description: "Bullish reported a Q2 FY26 net loss of $280 million, reversing prior profits due to falling digital asset sales. However, adjusted revenue surged 62% YoY to $92.6 million, driven by record subscription and services income of $62.7 million. Adjusted EBITDA reached $29.5 million. The Equiniti acquisition remains on track for early 2027 closing. Additionally, Bullish received GFSC approval for tokenized securities trading."
datetime: "2026-08-13T10:45:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295783928.md)
  - [en](https://longbridge.com/en/news/295783928.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295783928.md)
---

# Bullish Q2 FY26 net loss widens to $280 million; adjusted revenue rises 62% to $92.6 million

-   Bullish posted a Q2 2026 net loss of USD 280 million, swinging from profit, as digital asset sales fell to USD 32.6 billion. \* Adjusted revenue (non-IFRS) rose 62% year over year to USD 92.6 million, while adjusted EBITDA (non-IFRS) climbed to USD 29.5 million. \* Subscription, services and other revenue hit a record USD 62.7 million, helping offset a softer trading market. \* Equiniti acquisition remained on track, with closing expected in early 2027, subject to customary conditions and regulatory approvals. \* Received GFSC approval for tokenized securities trading; Morgan Stanley launched ETPs using CoinDesk benchmarks, drawing more than USD 400 million of Q2 inflows. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bullish published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608130645PRIMZONEFULLFEED9809436) on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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