20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Bullish (BLSH) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in George Town, Cayman Islands with about 394 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, BLSH reported $245.0B in revenue and ($765M) in net income.
Bullish, a global digital asset platform that provides market infrastructure and information services in United States.
Interactive charts & full statements → Open the BLSH valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Total Revenue | $158.0B | $245.0B | $250.3B | $116.5B | $72.9B | $1.3B | — |
| Gross Profit | $63M | $74M | $5M | ($22M) | ($7M) | ($1.0B) | — |
| Gross Margin % | 0.0% | 0.0% | 0.0% | -0.0% | -0.0% | -79.0% | — |
| Operating Income (EBIT) | ($5M) | $51M | $32M | $10M | $16M | ($1.3B) | ($119M) |
| Operating Margin % | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -96.5% | — |
| Net Income | ($1.4B) | ($765M) | $79M | $1.3B | ($4.2B) | ($1.4B) | ($119M) |
| Net Margin % | -0.9% | -0.3% | 0.0% | 1.1% | -5.8% | -106.0% | — |
| EBITDA | ($1.1B) | ($726M) | $132M | $1.3B | ($4.1B) | ($1.3B) | — |
| Earnings Per Share (EPS) | $-9.12 | $-5.99 | $0.54 | $8.89 | $-29.04 | $-9.59 | $-0.74 |
| Shares Outstanding (M) | 151M | 128M | 146M | 146M | 146M | 146M | 161M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $93M | $51.8B | $64.4B | $41.6B | $58.7B | $80.3B | $66.0B | $54.2B |
| Gross Profit | $65M | $18M | ($85M) | $65M | $48M | $4M | ($114M) | $33M |
| Gross Margin % | 70.3% | 0.0% | -0.1% | 0.2% | 0.1% | 0.0% | -0.2% | 0.1% |
| Operating Income (EBIT) | $6M | ($58M) | $27M | $19M | ($13M) | $3M | $29M | ($7M) |
| Operating Margin % | 6.6% | -0.1% | 0.0% | 0.1% | -0.0% | 0.0% | 0.0% | -0.0% |
| Net Income | ($270M) | ($582M) | ($547M) | $18M | $108M | ($344M) | $157M | ($67M) |
| Net Margin % | -291.8% | -1.1% | -0.9% | 0.0% | 0.2% | -0.4% | 0.2% | -0.1% |
| EBITDA | $8M | ($588M) | ($549M) | $34M | $125M | ($336M) | $175M | ($55M) |
| Earnings Per Share (EPS) | $-1.78 | $-3.85 | $-3.62 | $0.14 | $0.74 | $-2.35 | $1.07 | $-0.46 |
| Shares Outstanding (M) | 151M | 151M | 151M | 133M | 146M | 146M | 146M | 146M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $95M | $29M | ($30M) | ($127M) | $195M | ($121M) | $0M |
| Capital Expenditures (CapEx) | $11M | $52M | $4M | $1M | $1M | $334M | $0M |
| Free Cash Flow (FCF) | $84M | ($23M) | ($34M) | ($128M) | $194M | ($455M) | $0M |
| FCF Margin % | 0.1% | -0.0% | -0.0% | -0.1% | 0.3% | -34.4% | — |
| Dividends Paid | — | $0M | $0M | $535M | $0M | $371M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $3M | $77M | $62M | ($47M) | $17M | ($4M) | $39M | ($10M) |
| Capital Expenditures (CapEx) | $1M | $0M | $8M | $2M | $0M | $42M | $3M | $0M |
| Free Cash Flow (FCF) | $2M | $77M | $54M | ($49M) | $17M | ($45M) | $36M | ($10M) |
| FCF Margin % | 2.2% | 0.1% | 0.1% | -0.1% | 0.0% | -0.1% | 0.1% | -0.0% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B | $4.0B | $3.0B | $1.8B | $3.4B | $7.5B | $5.0B |
| Cash & Cash Equivalents | $104M | $105M | $32M | $113M | $1.4B | $1.2B | $239M |
| Total Liabilities | $637M | $658M | $647M | $522M | $1.5B | $1.3B | $1.0B |
| Total Debt (Short + Long-Term) | $7M | $567M | $532M | $433M | $3M | $1M | $0M |
| Total Shareholders' Equity | $2.4B | $3.2B | $2.4B | $1.3B | $1.9B | $6.1B | $4.0B |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BLSH viewer.
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