Bullish (BLSH) Cost of Revenue (2024 - 2025)
Bullish recorded quarterly Cost of Revenue of $64323568.0 billion in Q4 2025, up 109738579467.82% quarter-over-quarter from $58.6 million in Q2 2025, and down 2.54% year-over-year from $66001337.0 billion in Q4 2024.
Bullish's Cost of Revenue history runs 2 years deep, the most recent figure standing at $64323568.0 billion for Q4 2025.
- In Q4 2025, Cost of Revenue fell 2.54% year-over-year to $64323568.0 billion; the TTM figure through Dec 2025 stood at $130374461.5 billion (changed N/A YoY), while the FY2025 annual figure was $244.7 billion, down 2.15% from the prior year.
- Cost of Revenue came in at $64323568.0 billion for Q4 2025 at Bullish, up from $58.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $66001337.0 billion in Q4 2024 to a low of $58.6 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 2.05 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 396.38 Mn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 69.00 Mn |
| 10 | Bullish | 4.10 Bn | 4.01 Bn | -64,323,503.65 Bn | 64,323,568.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 64,323,568.00 Bn |
| Dec 31, 2025 | 64,323,568.00 Bn |
| Jun 30, 2025 | 58.62 Mn |
| Jun 30, 2025 | 58.62 Mn |
| Dec 31, 2024 | 66,001,337.00 Bn |
| Dec 31, 2024 | 66,001,337.00 Bn |
| Jun 30, 2024 | 49,556.48 Bn |
| Jun 30, 2024 | 49,556.48 Bn |