Bullish

BLSH Technology Software Infrastructure

Bullish’s revenue for fiscal 2025 (year ended December 2025) was $245.0 billion, down 2.11% from fiscal 2024.

Revenue
−44.3%
EPS
−287.4%
Free cash flow
+2.25%
Total debt
−13.5%

Quarter to June 2026, against a year earlier

23.17 0.21 +0.91%
Market cap
$3.5B
P/E
0.0×
Fwd P/E
−5.6×
Dividend yield
—
F-score
4/9
Altman Z
65.89
Beneish M
n/a
Dividend safety
n/a

Bullish (BLSH) Debt to equity

Alert me on Debt to equity

Bullish's debt to equity at the end of the quarter to 30 June 2026 was 0.2×, up 0.0× from fiscal 2025 (0.2×). That is above the Software Infrastructure industry median of 0.0× and above the Technology sector median of 0.0×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 0.2× (22.73%)
FY2024 0.2× (34.23%)
FY2023 0.3× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.2× 12.36%
Mar 2026 0.2× 6.12%
Dec 2025 0.2× 18.22%
Sep 2025 0.1× (36.32%)
7 more quarters

Debt to equity against peers

Company Debt to equity
APPN Appian Corporation compare −2.2×
WIX Wix.com Ltd. compare −0.9×
AVPT AvePoint, Inc. compare 0.0×
CLBT Cellebrite DI Ltd. compare 0.0×
DLO DLocal Limited compare 0.0×
TCGL TechCreate Group Ltd. compare 0.0×
TDC Teradata Corporation compare 0.1×
BLSH Bullish 0.2×
FOUR Shift4 Payments, Inc. compare 2.6×
Software Infrastructure industry median 0.0×
Technology sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on BLSH