ARK Stock Commentary: BLSH, U, Z, DSY, ADYEN, IRDM, PINS, COIN

[!warning] Conflict of Interest ARK Invest is an active fund manager. These are stocks in ARK's own portfolios -- they are explaining moves in positions they hold. Read as promotional context, not independent analysis.

Movers (Week of Feb 9-13, 2026)

• BLSH (+16%): Bullish (blockchain exchange) beat earnings with 284% y/y surge in subscription/services revenue. Owns CoinDesk.
• U (-26%): Unity missed revenue expectations and Q1 2026 guidance despite 10% y/y revenue growth.
• Z (-16%): Zillow reported 18% y/y revenue growth but weak EBITDA guidance. Housing market still too soft for strong up-cycle.
• DSY (-20%): Dassault Systemes missed Q4 expectations with weakness in manufacturing and life sciences end markets.
• ADYEN (-21%): Revenue grew 21% y/y constant currency but guided to flat EBITDA margins through 2027 due to US headcount expansion.
• IRDM (+21%): Mixed Q4 but highlighted narrowband IoT, PNT growth areas, and strategic L-band spectrum value. Did not rule out future M&A.
• PINS (-16%): 14% y/y revenue growth but weak Q1 guidance as retail advertisers cut budgets on tariff pressures.
• COIN (+16%): 12 products generating >$100M annualized revenue, half above $250M. 12th consecutive quarter of Adjusted EBITDA profitability. Stablecoin momentum.

RDCO Relevance

COIN stablecoin/payments infrastructure buildout relevant to fintech thesis. Adyen global payments infrastructure worth monitoring. Pinterest tariff sensitivity signals broader ad market headwinds.