Bullish Announces Q3 Financial Report: Adjusted Revenue Hits $76.5 Million, Setting a New Record

According to Businesswire, digital asset trading platform Bullish has released its financial results for the third quarter ending September 30, 2025. The company achieved record highs in adjusted revenue, adjusted EBITDA, and adjusted net profit during the quarter. Specifically, its digital asset sales for the quarter totaled $41.6 billion, compared to $54.2 billion in the same period of 2024. Net profit (loss) was $18.5 million, compared to a loss of $67.3 million in the same period of 2024. Adjusted revenue was $76.5 million, compared to $44.6 million in the same period of 2024. Adjusted trading revenue was $26.7 million, compared to $32.9 million in the same period of 2024. Adjusted net profit was $13.8 million, compared to a loss of $3.1 million in the same period of 2024. Adjusted EBITDA was $28.6 million, compared to $7.7 million in the same period of 2024. During the quarter, Bullish launched crypto options, with recent trading volume surpassing $1 billion. Additionally, Bullish disclosed that its spot trading volume so far in the fourth quarter has increased by 77% compared to the third quarter.