Symbols

BLSH

Bullish·NYSE

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BLSH fundamentals

BLSH Q4 2025 Earnings

Bullish (BLSH) released its earnings on Feb 5, 2026: revenue was 92.51M (YoY --), beat estimates; EPS was 0.1954 (YoY --), beat estimates.

Revenue / YoY

92.51M

EPS / YoY

0.1954

Report date

Feb 5, 2026

BLSH Earnings Call Summary for Q4,2025

Revenue Growth: 284% YoY SS&O revenue growth to $54.6M, with 48% EBITDA margin
Options Dominance: #2 Bitcoin options platform with $4B+ open interest and 29% market share
2026 Guidance: 50% revenue growth driven by tokenized RWA, U.S. expansion
Regulatory Strength: Secured 10+ global licenses, exploring U.S. DCO/DCM registrations
Resilient Pipeline: Record monthly active customers despite crypto volatility
M&A Focus: Strategic acquisitions to accelerate regulatory and tokenization growth

Earnings

EPS

Revenue

Revenue & Expenses

BLSH has released its 2025 Q4 earnings report, with revenue of 64.40B, reflecting a YoY change of -2.48%, and net profit of -563.57M, showing a YoY change of -455.65%. The Sankey diagram below clearly presents BLSH's revenue sources and cost distribution.

Key Indicators

Bullish (BLSH) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Bullish (BLSH)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

Bullish (BLSH)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Bullish (BLSH)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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