Bullish BLSH
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $244.81B · Filed Mar 10, 2026
Bullish (BLSH) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $244.8 billion and a net loss of $785.5 million. Free cash flow was $18.7 million. As of Dec 31, 2025 it held $87.9 million in cash and investments and $119.9 million in total debt.
Revenue
$244.81B
Net income
$-785.47M
Operating cash flow
$28.63M
Free cash flow
$18.70M
EPS
$-5.99
Dividend per share
None
Shares outstanding
150.83M
Net cash
$-31.97M
FY 2025
Operating margin
—
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- BLSH (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- George Town
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1872195
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
|---|---|
| Revenue | $244.8B |
| Net income | -$785.5M |
| Diluted EPS | -$5.99 |
| Operating cash flow | $28.6M |
| Free cash flow | $18.7M |
| Total assets | $4.0B |
| Total liabilities | $658.2M |
| Stockholders' equity | $3.3B |
| Cash and investments | $87.9M |
| Total debt | $119.9M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 5, 2026 | Nov 30, 2026 |
| 6-K | Current report (foreign issuer) | Oct 28, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Oct 6, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Sep 8, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Aug 13, 2026 | Aug 31, 2026 |
| 6-K | Current report (foreign issuer) | Aug 13, 2026 | Aug 31, 2026 |
Source: SEC EDGAR filings. This is company-reported data, not investment advice.