# Earnings Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Earnings", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bullish Stock Soars 10% Following More Than Threefold Increase in Adjusted EBITDA in Q2

Shares of Bullish surged about 13% in early trading Thursday after the institutional-focused crypto exchange and owner of CoinDesk reported a 62% year-over-year rise in Q2 adjusted revenue and a more than threefold increase in adjusted EBITDA. Adjusted revenue reached $92.6 million, up from $57 million a year earlier. Adjusted EBITDA jumped to $29.5 million from $8.1 million, and adjusted net income was $14.3 million, a swing from a $6 million loss in the prior-year quarter. Subscription, service, and other revenue hit a record $62.7 million, helping offset lower exchange activity. Quarterly trading volume was $179.6 billion, down from $197.4 billion a year ago. Bullish also received regulatory approval from Gibraltar's Financial Services Commission to trade tokenized securities on secondary markets, expanding its regulated on-chain asset activities. The company raised its annual forecast, expecting subscription, service, and other revenue between $225 million and $245 million, citing strong first-half results and increased predictability.

cryptonews.ru08/13 16:16

Bullish Stock Soars 10% Following More Than Threefold Increase in Adjusted EBITDA in Q2

cryptonews.ru08/13 16:16

Bullish shares jump 10% as Q2 adjusted EBITDA more than triples

Bullish shares surged about 13% on Thursday following the crypto exchange's Q2 earnings report. Adjusted revenue grew 62% year-over-year to $92.6 million, while adjusted EBITDA more than tripled to $29.5 million. The company swung to an adjusted net income of $14.3 million. A record $62.7 million in subscription and services revenue helped offset a decline in exchange trading volume, which fell to $179.6 billion for the quarter. Bullish also received regulatory approval in Gibraltar to expand into tokenized securities trading and raised its full-year revenue guidance. Despite a recent rebound, the stock remains significantly below its post-listing highs.

cointelegraph08/13 15:45

Bullish shares jump 10% as Q2 adjusted EBITDA more than triples

cointelegraph08/13 15:45

Cerebras Plummets! Hardware Revenue Unexpectedly Declines, Challenging Nvidia Hits Demand Fluctuations

Cerebras Systems reported mixed Q2 2026 results. While total GAAP revenue grew 74% YoY to $180.1M, its core hardware sales unexpectedly fell 23% to $54.1M. In contrast, cloud and services revenue surged 281% to $126M, becoming the largest revenue segment and highlighting a business model shift. Despite the hardware slowdown, the company raised its full-year core revenue guidance to $880-$890M and provided a Q3 outlook above market expectations. CEO Andrew Feldman noted hardware growth will be "lumpy." Investors reacted negatively, with shares dropping ~17% after-hours. Concerns centered on the hardware decline, as Cerebras positions its wafer-scale chips as a challenger to Nvidia. The market is reassessing growth sustainability despite strong cloud performance and a $25.4B backlog. Cerebras is betting on AI inference demand, leveraging its architecture which avoids HBM and advanced packaging for potential cost advantages. With substantial cash reserves, it plans to scale manufacturing capacity tenfold in 2026 to meet future delivery commitments.

marsbit08/13 14:21

Cerebras Plummets! Hardware Revenue Unexpectedly Declines, Challenging Nvidia Hits Demand Fluctuations

marsbit08/13 14:21

Left Hand PYUSD, Right Hand Open USD: PayPal's Stablecoin Risk 'Hedging'

PayPal's Q2 2026 earnings report exceeded revenue and EPS expectations, with Total Payment Volume up 10% year-over-year. However, GAAP operating margin declined, partly due to a net loss attributed to crypto asset investments. The company reorganized, placing its PYUSD stable币 within a new "Payment Services & Crypto" division, signaling its integration into core merchant offerings. Despite an initial expansion to 70 markets and a supply peak of $4.2 billion in March, PYUSD's circulating supply subsequently contracted by 31% to approximately $2.7 billion by quarter's end. While PayPal promotes PYUSD as a foundational infrastructure for global, commerce-first payments and has expanded its multi-chain presence, its market share remains a fraction of leaders like USDC. Adding complexity, PayPal is also a signatory to the upcoming Open USD initiative—a consortium-backed stable币 with a governance and revenue-sharing model distinct from single-issuer models like PYUSD. This dual positioning reflects strategic hedging. The key challenge for PYUSD is proving it can generate sustained, organic demand beyond initial incentives to avoid its current supply level becoming a permanent ceiling.

marsbit08/13 13:36

Left Hand PYUSD, Right Hand Open USD: PayPal's Stablecoin Risk "Hedging"

PayPal recently released its Q2 2024 earnings, reporting revenue of $8.68 billion and a Total Payment Volume of $486.4 billion, both exceeding market expectations. However, GAAP profit margins declined year-over-year, with the company attributing an $81 million net loss partly to strategic investments and crypto assets. The report highlighted the strategic role of its PYUSD stablecoin, now positioned as a "major enabler" for the PayPal World platform and integrated into a newly formed "Payment Services & Crypto" business unit. PayPal aims to launch more merchant products powered by PYUSD and AI-driven "agentic payments," focusing on mainstream consumer and business use cases. Despite this strategic push and expansion to over 70 markets and nine blockchains, PYUSD's circulating supply has contracted significantly. After peaking around $4.2 billion in March 2024, its supply fell approximately 31% to roughly $2.7 billion by the end of Q2, indicating a gap between its broad integration narrative and actual sustained user demand post-incentives. The competitive landscape is evolving with the announcement of Open USD, a consortium-backed stablecoin project with over 140 partners including Visa, Mastercard, and Stripe. Unlike PYUSD's single-issuer model, Open USD proposes a shared revenue and governance model among its participants. Notably, PayPal itself is a signatory to the Open USD initiative, suggesting a hedging strategy where it continues developing PYUSD while securing a potential stake in an alternative industry-standard model. PayPal's challenge is to convert PYUSD's established distribution network into organic, subsidy-independent usage. If unsuccessful, its current supply level may represent a peak, especially as competition intensifies from established giants like USDC and new structural paradigms like Open USD.

Odaily星球日报08/13 13:29

Securitize Stock Drops 16% After Weak Report, Tokenization Revenue Declines

Securitize's stock price fell sharply in pre-market trading, dropping approximately 16% after the tokenization platform reported quarterly revenue that missed Wall Street estimates. The company posted total Q2 revenue of $14.45 million, a decrease from the prior year and below the consensus forecast of $20.6 million. A key driver of the disappointment was a 12% year-over-year decline in revenue from its core tokenization services, which fell to $7.8 million. Despite this, Securitize reported a record $4.3 billion in average tokenized assets under management for the quarter, a 16% increase. The company's financials showed significant pressure, with a net loss widening to $21.7 million from $6.1 million a year earlier, and adjusted EBITDA turning from a profit to a $5.5 million loss. The report contrasted with broader growth in the tokenized real-world asset (RWA) sector, where the total value of distributed assets has reached approximately $38 billion.

cryptonews.ru08/13 12:13

Securitize Stock Drops 16% After Weak Report, Tokenization Revenue Declines

cryptonews.ru08/13 12:13

BitGo Reports $19 Million Loss in Q2 Despite 80% Revenue Surge to $4.3 Billion

Digital asset infrastructure company BitGo reported a net loss of $19 million in the second quarter of 2026, despite an 80% year-over-year increase in revenue to $4.3 billion. The net loss narrowed from $60.7 million in Q1, while quarterly revenue grew 14.7%. The company attributed the shift to a loss from a year-ago profit primarily to an $18.8 million unrealized loss on digital assets, compared to a $55.8 million unrealized gain previously. CEO Mike Belshe stated results were below expectations, citing lower profitability due to reduced margins and an unfavorable revenue mix. He explained the margin pressure came from narrower spreads on certain spot trades and a smaller contribution from derivatives. BitGo approved a stock buyback program of up to $50 million and expects cost-cutting measures, including a roughly 15% workforce reduction in June, to yield about $15 million in annual cash savings. The company anticipates lower expenses in Q3. Following the earnings report, BitGo's stock fell 1.8% in after-hours trading to $4.90.

cryptonews.ru08/13 11:57

BitGo Reports $19 Million Loss in Q2 Despite 80% Revenue Surge to $4.3 Billion

cryptonews.ru08/13 11:57

Hyperion DeFi's $31 Million Profit Highlights Crypto Market Frenzy Amid Its Downturn

Hyperion DeFi, the first U.S. company to list its project on the Hyperliquid platform, reported a record net profit of $31 million in Q2. This marks the second consecutive quarter of record profits, a significant turnaround from a nearly $9 million loss a year earlier. A key driver of this performance was the revaluation of its $HYPE token assets, held at a value of $133 million by the end of June, up $71 million from the prior quarter. This highlights the company's strategic focus on crypto asset management. These strong results contrast with a broader crypto market downturn in Q2, where total market cap fell 12.6%. Hyperion's success is linked to its deepening integration with Hyperliquid, which saw robust derivatives trading volume. The company is also actively leveraging its $HYPE treasury through lending services (HAUS) to generate additional revenue. The performance underscores a critical symbiotic relationship: protocol fee revenue is used to buy back and burn $HYPE tokens, potentially boosting their price and Hyperion's treasury value. This model presents significant upside if Hyperliquid and $HYPE grow, but also exposes the company to risks tied to the token's future market performance.

cryptonews.ru08/13 11:53

Hyperion DeFi's $31 Million Profit Highlights Crypto Market Frenzy Amid Its Downturn

cryptonews.ru08/13 11:53

Securitize's First Post-IPO Financial Report Bombshell: Is the 'Compliant Tokenization' Narrative Failing to Sell?

Securitize, a tokenization platform, released its first earnings report since going public in July 2026, revealing disappointing Q2 results. Revenue fell 5% year-over-year to $14.43 million, missing estimates, while the net loss widened significantly to $21.68 million. Despite achieving record tokenized assets under management of $4.3 billion and a 147% surge in platform trading volume, overall assets under administration declined by 20%. The company's stock (SECZ) dropped over 20% in after-hours trading following the report. The article highlights a key concern: Securitize's revenue declined despite substantial trading growth, suggesting either compressed fees or an unclear business model. While Securitize maintains its focus on regulatory compliance—securing key partnerships with entities like Computershare and NYSE, and obtaining an SEC investment advisor registration—its tangible progress in the new tokenized stock business has been slow. Apart from tokenizing its own stock (SECZ) upon listing, it has not launched other tokenized equities. Analysts note that SECZ's high on-chain market capitalization is misleading, as it resulted from a one-time distribution to shareholders rather than organic investor demand. The market's patience is waning as investors prioritize real business metrics like market share and user adoption over the "compliant tokenization" narrative. Securitize's market value has fallen 36% from its debut, reflecting growing concerns over its shrinking revenue and the delayed execution of its tokenized stock initiatives.

Odaily星球日报08/13 10:30

Securitize's First Post-IPO Financial Report Bombshell: Is the 'Compliant Tokenization' Narrative Failing to Sell?

Odaily星球日报08/13 10:30

Securitize falls 16% after earnings miss, tokenization revenue drops

Securitize shares fell 16% in premarket trading after the tokenization platform reported Q2 revenue of $14.4 million, missing Wall Street estimates of $20.6 million and marking a 5% year-over-year decline. Revenue from its core tokenization business dropped 12% to $7.8 million. The company, backed by BlackRock, posted a widened net loss of $21.7 million and a swing to negative adjusted EBITDA. Despite the financial miss, it reported record average tokenized assets under management of $4.3 billion, a 16% increase.

cointelegraph08/13 08:44

Securitize falls 16% after earnings miss, tokenization revenue drops