Bullish (BLSH) — Financial statements
Income statement, balance sheet, and cash flow for Bullish — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 244,970↓2.1% | 250,263↑114.8% | 116,508↑59.8% | 72,895↑5415.8% | 1,322 | |
| Cost of Revenue | 244,896↓2.1% | 250,258↑114.8% | 116,529↑59.8% | 72,902↑2982.5% | 2,365 | |
| Gross Profit | 74↑1303.1% | 5↑124.4% | -22↓230.6% | -7↑99.4% | -1,043 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 49↑128.2% | 21↑58.0% | 14↓69.4% | 44↓52.2% | 93 | |
| Selling & Marketing Expenses | 5↑44.9% | 3↑92.6% | 2↓81.3% | 9↑38.9% | 7 | |
| SG&A Expenses | 54↑117.0% | 25↑61.9% | 15↓71.5% | 54↓46.2% | 100 | |
| Other Expenses | -30↑40.9% | -51↓9.0% | -47↑37.8% | -76↓157.3% | 133 | |
| Operating Expenses | 23↑187.9% | -27↑16.4% | -32↓43.5% | -22↓109.6% | 232 | |
| Total Costs & Expenses | 244,920↓2.1% | 250,231↑114.8% | 116,497↑59.8% | 72,880↑2706.1% | 2,597 | |
| Operating Results | ||||||
| Operating Income | 51↑58.7% | 32↑212.6% | 10↓34.8% | 16↑101.2% | -1,276 | |
| Depreciation & Amortization | 8↓4.1% | 9↑57.6% | 5↑50.6% | 4↑664.5% | 0.47 | |
| EBITDA | -726↓651.4% | 132↓89.9% | 1,310↑131.8% | -4,118↓223.3% | -1,274 | |
| EBIT | -734↓696.3% | 123↓90.6% | 1,304↑131.6% | -4,122↓223.5% | -1,274 | |
| Interest & Other Income | ||||||
| Net Interest Income | -52↓35.9% | -39↓1191.6% | -3↑97.6% | -123↑2.1% | -125 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 2 | |
| Interest Expense | 52↑35.9% | 39↑1191.6% | 3↓97.6% | 123↓3.2% | 127 | |
| Non-Operating Income | 785↑960.6% | -91↑93.0% | -1,294↓131.3% | 4,138↑273933.7% | -2 | |
| Other Income / Expenses | -837↓1690.0% | 53↓95.9% | 1,291↑130.3% | -4,260↓3299.5% | -125 | |
| Income Before Tax | -786↓1029.9% | 85↓93.5% | 1,301↑130.7% | -4,245↓203.0% | -1,401 | |
| Income Tax Expense | -0.94↓118.9% | 5↑243.5% | 1↑21.4% | 1↑356.3% | 0.26 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -785↓1087.2% | 80↓93.9% | 1,300↑130.6% | -4,246↓203.0% | -1,401 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -765↓1073.8% | 79↓94.0% | 1,299↑130.6% | -4,246↓203.0% | -1,401 | |
| Bottom-Line Net Income | -782↓1095.4% | 79↓94.0% | 1,299↑130.6% | -4,246↓203.0% | -1,401 | |
| EPS (Basic) | -5.99↓1209.3% | 0.54↓93.9% | 8.89↑130.6% | -29.04↓202.8% | -9.59 | |
| EPS (Diluted) | -5.99↓1209.3% | 0.54↓93.9% | 8.89↑130.6% | -29.04↓202.8% | -9.59 | |
| Weighted Average Shares | 128↓12.6% | 146↑0.0% | 146↑0.0% | 146↑0.0% | 146 | |
| Weighted Average Diluted Shares | 128↓12.6% | 146↑0.0% | 146↑0.0% | 146↑0.0% | 146 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.