Summary:Treatment options for relapsed/refractory (R/R) diffuse large B‐cell lymphoma (DLBCL) patients ineligible for autologous stem cell transplant (ASCT) or chimeric antigen receptor (CAR)‐T‐cell therapy remain limited. The PI3K inhibitor copanlisib has shown activity as a single agent in DLBCL. This phase II, single‐arm, multicentre trial evaluated copanlisib with rituximab and bendamustine (copa‐BR) in ASCT‐ and CAR‐T‐ineligible R/R DLBCL. Patients received six cycles of copa‐BR, followed by up to 12 cycles of copanlisib maintenance. The primary end‐point was 12‐month progression‐free survival (PFS). Thirty‐seven patients (aged 68–87 years, R/R after 1–2 prior lines) were enrolled. The overall response rate was 24.3%, with complete responses in 13.5%. After a median follow‐up of 20 months, the 12‐month PFS and overall survival rates were 25.1% and 44.5% respectively. Grade ≥3 toxicities included neutropenia (56.8%), infections (27.0%, including 6 death due to COVID‐19 infection with 25% fatality) and thrombocytopenia (16.2%). Due to limited efficacy, poor tolerability and emerging alternative treatments, the trial was terminated prematurely. Copa‐BR showed limited activity and an unfavourable safety profile, discouraging further investigation of this combination in ASCT‐ and CAR‐T‐ineligible R/R DLBCL.