Give us the exact text from the HTML view of that field (click </> or < > to see that), or from your card template (if that’s where this is) – as text, please – so that folks can try to reproduce this.
Are you using AnkiMobile 25.09 on both iOS and iPadOS? [ Preferences > About]
It seems like this happens irregardless of card template, but just for completeness, a basic card template for which this renders improperly on iPadOS 26.2, both on front and back:
While doing my reviews today I discovered that zooming in on a formula that didn’t render properly can make it show as intended. Still a bit bothersome, but at least I don’t have to guess at my formulas anymore
Did you happen to notice any patterns in the cards for which this issue occurs? I’m starting to think that, in my case, it might be limited to \underline (and possibly \overline{}), but it could very well be that others are broken too and I’m simply not using them.