Bullish (BLSH) Change in Inventory (2024 - 2026)
Bullish's (BLSH) quarterly Change in Inventory came in at -$12.7 million in Q2 2026, down 33.94% year-over-year from -$19.2 million in Q2 2025, and down 311.09% quarter-over-quarter from $6.0 million in Q1 2026.
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Analysis
Bullish (BLSH) Change in Inventory (2024 - 2026) Analysis & Trends
Bullish has disclosed Change in Inventory across 3 years of filings, most recently posting -$12.7 million for Q2 2026.
- In Q2 2026, Change in Inventory fell 33.94% year-over-year to -$12.7 million; the TTM figure through Jun 2026 stood at $44.7 million (down 80.04% YoY), while the FY2025 annual figure was $324.8 million, up 758.21% from the prior year.
- Change in Inventory came in at -$12.7 million for Q2 2026 at Bullish, down from $6.0 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $282.8 million in Q1 2025 to a low of -$76.1 million in Q4 2024.
- Average Change in Inventory over 3 years is $26.3 million, with a median of -$9.5 million recorded in 2025.
- The largest YoY upside for Change in Inventory was 182.79% in 2025 against a maximum downside of 143.33% in 2025.
- Over 3 years, Change in Inventory stood at -$76.1 million in 2024, then surged by 182.79% to $63.0 million in 2025, then plunged by 120.12% to -$12.7 million in 2026.
- Per Business Quant data, the three most recent Change in Inventory figures were -$12.7 million in Q2 2026, $6.0 million in Q1 2026, and $63.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | - |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | - |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | - |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | - |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | - |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | - |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | - |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | - |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | - |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | -12.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.68 Mn |
| Mar 31, 2026 | 6.01 Mn |
| Dec 31, 2025 | 62.99 Mn |
| Sep 30, 2025 | -11.61 Mn |
| Jun 30, 2025 | -9.46 Mn |
| Mar 31, 2025 | 282.84 Mn |
| Dec 31, 2024 | -76.09 Mn |
| Sep 30, 2024 | 26.79 Mn |
| Jun 30, 2024 | -31.83 Mn |
API Access
Bullish Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();