Bullish raises full-year revenue forecast to $225 million-$245 million following strong first-half performance and regulatory approval.
BLSH shares climbed over 10% Thursday after reporting adjusted EBITDA more than tripled in Q2. The company cited improved visibility and first-half results for lifting its full-year revenue guidance to $225 million-$245 million in subscription, services, and other revenue.
The rally extends a 20% gain over the past month, though the stock remains 70% below its post-listing highs from last year. Bullish also secured approval from the Gibraltar Financial Services Commission to expand into regulated onchain markets, enabling secondary trading of tokenized securities.
No immediate market reaction details were provided beyond the share price movement.