NYSE:BLSH 19 November 2025

Bullish shares fell 7% to $35.05 in New York on Wednesday, near a new 52-week low, despite reporting record Q3 2025 results. The company posted $18.5 million in net income and $76.5 million in adjusted revenue, reversing a year-ago loss. Trading revenue dropped, but subscription and services revenue surged to $49.3 million from $11.5 million. Institutions including ARK Invest and BlackRock have increased holdings.