Bullish (BLSH) Capital Expenditures (2024 - 2025)
Bullish's (BLSH) quarterly Capital Expenditures came in at $12.3 million in Q4 2025, up 1643.61% year-on-year from $704000.0 in Q4 2024, and up 686.2% quarter-over-quarter from -$2.1 million in Q3 2025.
Bullish (BLSH) Capital Expenditures (2024 - 2025) Analysis & Trends
Bullish has disclosed Capital Expenditures across 2 years of filings, most recently posting $12.3 million for Q4 2025.
- Capital Expenditures for Q4 2025 came in at $12.3 million, up 1643.61% year-over-year; the trailing twelve-month figure through Dec 2025 was $10.8 million (changed N/A YoY), and the FY2025 annual result was $9.9 million, up 2439.9% from the prior year.
- Capital Expenditures came in at $12.3 million for Q4 2025 at Bullish, up from -$2.1 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $12.3 million in Q4 2025 to a low of -$2.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 30.88 Bn |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | - |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | -2.34 Bn |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 7.40 Mn |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 170.00 Mn |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 102.47 Mn |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 56.00 Mn |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 35.32 Mn |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | 65.23 Mn |
| 10 | Bullish | 3.08 Bn | 3.00 Bn | 21.51 Mn | 12.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.28 Mn |
| Dec 31, 2025 | 12.28 Mn |
| Sep 30, 2025 | -2.09 Mn |
| Sep 30, 2025 | -2.09 Mn |
| Jun 30, 2025 | -54,000.00 |
| Jun 30, 2025 | -54,000.00 |
| Dec 31, 2024 | 704,000.00 |
| Dec 31, 2024 | 704,000.00 |
| Sep 30, 2024 | -92,000.00 |
| Sep 30, 2024 | -92,000.00 |
| Jun 30, 2024 | -42,000.00 |
| Jun 30, 2024 | -42,000.00 |