Bullish (BLSH) EBITDA Margin (2024 - 2025)
Bullish (BLSH) reported EBITDA Margin of 78.35% for Q4 2025, down 4785.0% on a YoY basis from 1.67% in Q4 2024, and up 110.99% sequentially from 713.04% in Q3 2025.
Bullish (BLSH) EBITDA Margin (2024 - 2025) Analysis & Trends
Bullish (BLSH) has 2 years of EBITDA Margin data on file, last reported at 78.35% in Q4 2025.
- For the quarter ending Q4 2025, EBITDA Margin fell 4785.0% year-over-year to 78.35%; the trailing twelve-month figure through Dec 2025 stood at 0.56% (changed N/A YoY), and the FY2025 full-year result was 0.04%, up 2.0% from the prior year.
- EBITDA Margin rose to 78.35% in Q4 2025, from 713.04% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 762.38% in Q3 2024 to a low of 713.04% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 46.33% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 75.95% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 31.97% |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 46.18% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 15.30% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 1.06% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -9.69% |
| 10 | Bullish | 3.08 Bn | 2.99 Bn | - | 78.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.35% |
| Sep 30, 2025 | -713.04% |
| Jun 30, 2025 | -0.05% |
| Dec 31, 2024 | 126.20% |
| Sep 30, 2024 | 762.38% |
| Jun 30, 2024 | -0.09% |