Crypto earnings mixed as Figure profit nearly triples and Securitize slides
Figure reported strong credit growth and profit, while Bullish posted wider losses and Securitize shares fell sharply after its results.
Crypto-related companies continued reporting results, with a mixed set of figures.
- Figure said lending operations volume rose 132% year over year to $4.26 billion, while net profit nearly tripled to $58 million.
- Bullish reported a wider net loss of $280 million. Digital asset sales fell 44% to $32.6 billion, but adjusted revenue rose 62% to $92.6 million.
- Gemini reduced its net loss by 19% to $107.7 million, while revenue grew 37% to $45.5 million.
- Securitize posted a larger loss of $21.7 million and a 5% revenue decline. Its shares dropped more than 27% after the report.
Source: ForkLog