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Bullish (BLSH)
Technology · Software - Infrastructure · NYSE
Bullish revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $72.90B | $116.51B | $250.26B | $244.97B |
| Gross profit | $-6.55M | $-21.67M | $5.28M | $74.08M |
| Net income | $-4.25B | $1.30B | $78.53M | $-764.68M |
| Net margin | -5.8% | 1.1% | 0.0% | -0.3% |
Source: Bullish SEC filings (10-K).
Explore 4 years of Bullish financials — interactive
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Bullish financial history by metric
About Bullish
Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. It also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets to leading traditional finance institutions, including exchanges and asset managers; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights offers news, analysis, information, conferences and networking opportunities related to digital assets, blockchain technology and the broader financial technology industry. Bullish was founded in 2020 and is based in George Town, Cayman Islands.
Bullish — frequently asked questions
What is Bullish's revenue?
Bullish (BLSH) reported revenue of $244.97B for fiscal year 2025, down 2.1% from the prior year, according to its SEC filings.
Is Bullish profitable?
No — BLSH reported a net loss of $-764.68M in fiscal 2025.
What is BLSH's P/E ratio?
Bullish trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Bullish growing?
BLSH's revenue grew at roughly 49.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Bullish have?
As of fiscal year 2025, BLSH carried roughly $561.18M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Bullish's gross margin?
BLSH's gross margin was 0.0% in fiscal 2025 — gross profit of $74.08M on revenue of $244.97B.
What is Bullish's market cap?
Bullish (BLSH) has a market capitalization of about $4.05B, based on the latest data in our nightly-refreshed cache.
When does Bullish's fiscal year end?
BLSH's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Bullish's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.