Bullish (BLSH) EBITDA (2024 - 2026)
Bullish's (BLSH) quarterly EBITDA came in at $71.8 million in Q2 2026, up 786.35% year-over-year from $8.1 million in Q2 2025, and up 104.26% quarter-over-quarter from $35.1 million in Q1 2026.
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Analysis
Bullish (BLSH) EBITDA (2024 - 2026) Analysis & Trends
Bullish has disclosed EBITDA across 3 years of filings, most recently posting $71.8 million for Q2 2026.
- In Q2 2026, EBITDA rose 786.35% year-over-year to $71.8 million; the TTM figure through Jun 2026 stood at $180.0 million (up 302.32% YoY), while the FY2025 annual figure was $94.3 million, up 80.94% from the prior year.
- EBITDA came in at $71.8 million for Q2 2026 at Bullish, up from $35.1 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $71.8 million in Q2 2026 to a low of $7.7 million in Q3 2024.
- Average EBITDA over 3 years is $26.6 million, with a median of $15.8 million recorded in 2024.
- Year-over-year, EBITDA sank 44.9% in 2025 and surged 786.35% in 2026.
- Over 3 years, EBITDA stood at $15.8 million in 2024, then jumped by 181.85% to $44.4 million in 2025, then surged by 61.52% to $71.8 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $71.8 million in Q2 2026, $35.1 million in Q1 2026, and $44.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | -113.49 Mn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 1.43 Bn |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | 446.87 Mn |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | -620.38 Mn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | 509.00 Mn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | 1.02 Bn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 337.12 Mn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | -206.33 Mn |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | 71.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.83 Mn |
| Mar 31, 2026 | 35.15 Mn |
| Dec 31, 2025 | 44.45 Mn |
| Sep 30, 2025 | 28.60 Mn |
| Jun 30, 2025 | 8.10 Mn |
| Mar 31, 2025 | 13.17 Mn |
| Dec 31, 2024 | 15.77 Mn |
| Sep 30, 2024 | 7.70 Mn |
| Jun 30, 2024 | 14.70 Mn |
API Access
Bullish EBITDA 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=ebitda&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();