Bullish income statement BLSH

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Bullish reported revenue of $244.8 billion. It recorded a net loss of $785.5 million. Diluted earnings per share were -$5.99.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line
FY 2025
Dec 31, 2025
Revenue
244,811
Cost of revenue
244,733
Gross profit
78
Pretax income
-786
Income tax
-1
Net income
-785
Basic EPS
-5.99
Diluted EPS
-5.99
Weighted average shares, basic
128
Weighted average shares, diluted
128
Margins
Gross margin
0.03%
Pretax margin
-0.32%
Profit margin
-0.32%
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 per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. 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.