Bullish revenue by segment BLSH

Annual Quarterly

Bullish splits its revenue into 2 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was On The Exchange at $244.4 billion, 100% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2025
Dec 31, 2025
Revenue
244,811
On The Exchange
244,415
share 99.8%
On Other Venues
396
share 0.2%
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. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. 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.