Bullish balance sheet BLSH
As of Dec 31, 2025, Bullish had total assets of $4.0 billion and total liabilities of $658.2 million. Stockholders' equity was $3.3 billion. It held $87.9 million in cash and investments against $119.9 million of total debt, net debt of $32.0 million. The current ratio, current assets divided by current liabilities, was 29.28.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
|---|---|
| Assets | |
| Cash |
88
|
| Cash and investments |
88
|
| Total current assets |
3,804
|
| Goodwill |
63
|
| Total assets |
3,957
|
| Liabilities and equity | |
| Total current liabilities |
130
|
| Total liabilities |
658
|
| Stockholders' equity |
3,298
|
| Debt | |
| Debt due within a year |
50
|
| Long-term debt |
50
|
| Lease liabilities |
20
|
| Total debt |
120
|
| Net cash |
-32
|
| Ratios | |
| Current ratio |
29.28x
|
| Debt to equity |
0.04x
|
| Return on equity |
-23.81%
|
| Return on assets |
-19.85%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.
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
Source: SEC EDGAR filings. This is company-reported data, not investment advice.