With a 37% year-over-year increase in net income to $82 million, EToro was able to weather a dip in cryptocurrency activity thanks to a spike in commodities trading. On Tuesday, the business said that its net income increased 37% year-over-year to $82 million, up from $60 million in the first
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EToro delivered a record quarterly performance in the first quarter of 2026 as strong commodities trading and expanding product offerings fueled growth across the platform. The company reported net contribution of $258 million, a 19% increase from the prior year, while net income rose 37% to $82 million. Adjusted EBITDA climbed 35% to $109 million, supported by increased trading activity and customer engagement. Funded accounts exceeded 4 million, up 12% year over year, and assets under administration grew to $17 billion. EToro also reported holding $1.3 billion in cash, cash equivalents, and short-term investments at the end of March. Product launches accelerate across AI and trading CEO Yoni Assia said the quarter combined strong financial execution with accelerated innovation across AI, trading, crypto, and wealth management products. The company launched 24/7 trading for
EToro's revenue drop highlights the need for diversification beyond crypto, as market-wide trading cools and challenges sustained growth.
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Gemini reported $50.3 million in total revenue for the first quarter of 2026, up 42% from a year earlier. Summary Gemini’s credit card revenue jumped nearly 300%, making financial services central to its Q1 growth story. Exchange revenue fell 27% as trading volume dropped from $13.5 billion to $6.3 billion year over year. Gemini’s CFTC clearing license supports its push into prediction markets, futures, options and broader trading products. The company said the increase came from services, interest income and over-the-counter activity, while transaction revenue stayed almost flat at $24.1 million. The results show how Gemini is moving beyond its original crypto exchange model. Exchange revenue fell 27% to $17.2 million as spot trading slowed. Total trading volume dropped to $6.3 billion from $13.5 billion in the same quarter last year. Credit card revenue leads growth The l
Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.
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Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Summary Bullish reported adjusted first-quarter 2026 revenue of $92.8 million, missing analyst expectations. The crypto trading platform posted a net loss of $604.9 million, or $3.85 per share. Shares of Bullish fell 7.9% in pre-market trading to $38.51 following the earnings release. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from CoinDesk, the company posted adjusted revenue of $92.8 million, below Wall Street expectations of $94.9 million. The company’s net loss widened sharply to $604.9 million, equivalent to a loss of $3.85 per share, compared with the same period a year earlier. Investors reacted negatively to the results,
Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from…
