BLSH financial statements
The full income statement, balance sheet, and cash-flow statement for Bullish (BLSH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 245B-2.2% | 250B+114.8% | 116B | |
| Cost of revenue | 245B-2.1% | 250B+114.8% | 116B | |
| Interest expense | 52.4M+35.9% | 38.5M+1191.6% | 2.98M | |
| Pre-tax income | -786M-1029.9% | 84.6M-93.5% | 1.30B | |
| Income tax | -944K-118.9% | 5.00M+243.5% | 1.46M | |
| -785M-1087.2% | 79.6M-93.9% | 1.30B | ||
| Net income to common | -765M-1073.8% | 78.5M-94.0% | 1.30B | |
| -$5.99-980.9% | $0.68-93.6% | $10.63 | ||
| EPS (basic) | -$5.99-955.7% | $0.70-93.9% | $11.55 | |
| Weighted-avg shares (basic) | 128M+13.4% | 113M+0.1% | 113M | |
| Weighted-avg shares (diluted) | 128M+10.7% | 115M-5.6% | 122M | |
| Dividends per share | — | — | $16.21 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 3.80B+30.6% | 2.91B | — | ||
| Cash & equivalents | 87.9M+178.7% | 31.5M-72.1% | 113M | |
| 3.96B+29.8% | 3.05B | — | ||
| Goodwill | 63.1M+2.6% | 61.5M | — | |
| Total non-current assets | 152M+12.9% | 135M | — | |
| 130M+52.7% | 85.0M | — | ||
| Short-term & current debt | 50.0M+99.9% | 25.0M | — | |
| 658M+1.8% | 647M | — | ||
| Long-term debt | 50.0M+99.9% | 25.0M | — | |
| 3.22B+34.6% | 2.39B+86.4% | 1.28B | ||
| Total equity incl. non-controlling | 3.30B+37.4% | 2.40B+87.2% | 1.28B | |
| Common shares issued | 151M | — | — | |
| Shares outstanding (cover) | 151M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 28.6M+195.5% | -30.0M+76.3% | -127M | ||
| Depreciation & amortization | 8.20M-4.1% | 8.55M+57.6% | 5.42M | |
| Intangible amortization | 2.24M-4.4% | 2.35M | 0.00 | |
| Capital expenditure | 9.93M+2439.9% | 391K-59.5% | 966K | |
| Free cash flow | 18.7M+161.6% | -30.4M+76.2% | -128M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 1.21B+9246.8% | 12.9M | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00-100.0% | 1.98B | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 4.84B | — | — | |
| P/S | 0.0× | — | — | |
| P/B | 1.5× | — | — | |
| P/FCF | 258.6× | — | — | |
| FCF yield | 0.39% | — | — | |
| Source filing | 20-F | 10-K | 10-K |
About this data
Source: BLSH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BLSH filings on SEC EDGAR → Not investment advice.