Bullish (BLSH) Common Equity (2023 - 2025)
Bullish recorded quarterly Common Equity of $3.2 billion in Q4 2025, down 19.15% quarter-over-quarter from $4.0 billion in Q3 2025, and up 33.97% year-over-year from $2.4 billion in Q4 2024.
Bullish's Common Equity history runs 3 years deep, the most recent figure standing at $3.2 billion for Q4 2025.
- In Q4 2025, Common Equity rose 33.97% year-over-year to $3.2 billion; the TTM figure through Dec 2025 stood at $3.2 billion (up 33.97% YoY), while the FY2025 annual figure was $3.2 billion, up 33.97% from the prior year.
- Common Equity came in at $3.2 billion for Q4 2025 at Bullish, down from $4.0 billion in the prior quarter.
- In the past five years, Common Equity ranged from a high of $4.0 billion in Q3 2025 to a low of $1.3 billion in Q4 2023.
- A 3-year average of $2.7 billion and a median of $2.6 billion in 2025 frame the typical range for Common Equity.
- Across the five-year window, Common Equity surged 87.22% in 2024 and jumped 33.97% in 2025, its largest moves.
- Bullish's Common Equity stood at $1.3 billion in 2023, then soared by 87.22% to $2.4 billion in 2024, then surged by 33.97% to $3.2 billion in 2025.
- According to Business Quant data, Common Equity over the past three periods registered $3.2 billion, $4.0 billion, and $2.6 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 414.37 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 39.05 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 8.45 Bn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 9.39 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 4.43 Bn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 989.70 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 1.53 Bn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 30.55 Bn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 4.76 Bn |
| 10 | Bullish | 4.10 Bn | 4.01 Bn | -64,323,503.65 Bn | 3.22 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.22 Bn |
| Sep 30, 2025 | 3.98 Bn |
| Jun 30, 2025 | 2.55 Bn |
| Dec 31, 2024 | 2.40 Bn |
| Dec 31, 2023 | 1.28 Bn |