Bullish (BLSH) Debt Ratio (2024 - 2026)
Bullish's (BLSH) quarterly Debt Ratio came in at 0.0 in Q2 2026, down 96.14% year-over-year from 0.02 in Q2 2025, and down 76.66% quarter-over-quarter from 0.0 in Q1 2026.
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Analysis
Bullish (BLSH) Debt Ratio (2024 - 2026) Analysis & Trends
Bullish has disclosed Debt Ratio across 3 years of filings, most recently posting 0.0 for Q2 2026.
- In Q2 2026, Debt Ratio fell 96.14% year-over-year to 0.0; the TTM figure through Jun 2026 stood at 0.0 (down 96.14% YoY), while the FY2025 annual figure was 0.02, up 8.09% from the prior year.
- Debt Ratio came in at 0.0 for Q2 2026 at Bullish, down from 0.0 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.02 in Q2 2025 to a low of 0.0 in Q2 2026.
- Average Debt Ratio over 3 years is 0.01, with a median of 0.01 recorded in 2024.
- Year-over-year, Debt Ratio grew 8.09% in 2025 and plunged 96.14% in 2026.
- Over 3 years, Debt Ratio stood at 0.01 in 2024, then rose by 8.09% to 0.02 in 2025, then tumbled by 94.16% to 0.0 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.0 in Q2 2026, 0.0 in Q1 2026, and 0.02 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (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 | 0.41 |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 0.18 |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | 0.16 |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | 0.49 |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | 0.59 |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | 0.34 |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 0.37 |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | 0.77 |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | 0.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00 |
| Mar 31, 2026 | 0.00 |
| Dec 31, 2025 | 0.02 |
| Sep 30, 2025 | 0.01 |
| Jun 30, 2025 | 0.02 |
| Dec 31, 2024 | 0.01 |
API Access
Bullish Debt Ratio 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=debt-ratio&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();