Bullish (BLSH) Amortization (2024 - 2025)
Bullish recorded quarterly Amortization of $122.5 million in Q4 2025, down 17.57% quarter-over-quarter from $148.6 million in Q3 2025, and down 78.29% year-over-year from $564.0 million in Q4 2024.
Bullish's Amortization history runs 2 years deep, the most recent figure standing at $122.5 million for Q4 2025.
- In Q4 2025, Amortization fell 78.29% year-over-year to $122.5 million; the TTM figure through Dec 2025 stood at $475.2 billion (changed N/A YoY), while the FY2025 annual figure was $406.6 million, down 59.5% from the prior year.
- Amortization came in at $122.5 million for Q4 2025 at Bullish, down from $148.6 million in the prior quarter.
- In the past five years, Amortization ranged from a high of $474.3 billion in Q2 2025 to a low of $122.5 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Amortization (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | - |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | - |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | - |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | - |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | - |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | - |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | - |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | - |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | - |
| 10 | Bullish | 4.10 Bn | 4.01 Bn | -64,323,503.65 Bn | 122.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 122.47 Mn |
| Dec 31, 2025 | 122.47 Mn |
| Sep 30, 2025 | 148.57 Mn |
| Sep 30, 2025 | 148.57 Mn |
| Jun 30, 2025 | 474.34 Bn |
| Jun 30, 2025 | 474.34 Bn |
| Dec 31, 2024 | 563.97 Mn |
| Dec 31, 2024 | 563.97 Mn |
| Jun 30, 2024 | 176.89 Bn |
| Jun 30, 2024 | 176.89 Bn |