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Wednesday 4 November 2026 Export BLSH’s income statement to Excel — free account

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

23.39 0.43 +1.87%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Bullish (BLSH) Gross margin

Alert me on Gross margin

Bullish's gross margin over the twelve months to 30 June 2026 was 0.16%, up 0.1 percentage points from fiscal 2025 (0.10%). That is below the Software Infrastructure industry median of 59.2% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 0.10% 0.04
FY2024 0.06% (0.02)
FY2023 0.08% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 0.25% 0.10
Mar 2026 0.15% 0.03
Dec 2025 0.12% (0.04)
Sep 2025 0.16% 0.08
6 more quarters

Gross margin against peers

Company Gross margin
CLBT Cellebrite DI Ltd. compare 83.0%
AVPT AvePoint, Inc. compare 73.5%
APPN Appian Corporation compare 72.4%
WIX Wix.com Ltd. compare 66.6%
TDC Teradata Corporation compare 60.8%
FOUR Shift4 Payments, Inc. compare 35.9%
DLO DLocal Limited compare 34.3%
BLSH Bullish 0.16%
TCGL TechCreate Group Ltd. compare —
Software Infrastructure industry median 59.2%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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