Bullish (BLSH) EBITDA Margin (2024 - 2025)
Bullish's (BLSH) quarterly EBITDA Margin came in at 1.07% in Q4 2025, down 216.0% year-on-year from 0.92% in Q4 2024, and down 366.31% quarter-over-quarter from 0.4% in Q3 2025.
Bullish (BLSH) EBITDA Margin (2024 - 2025) Analysis & Trends
Bullish has disclosed EBITDA Margin across 2 years of filings, most recently posting 1.07% for Q4 2025.
- EBITDA Margin for Q4 2025 came in at 1.07%, down 216.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 339.71% (changed N/A YoY), and the FY2025 annual result was 0.15%, down 59.0% from the prior year.
- EBITDA Margin came in at 1.07% for Q4 2025 at Bullish, down from 0.4% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 996403.84% in Q2 2025 to a low of 591550.25% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | -9.69% |
| 10 | Bullish | 3.08 Bn | 3.00 Bn | 21.51 Mn | -1.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.07% |
| Sep 30, 2025 | 0.40% |
| Jun 30, 2025 | 996,403.84% |
| Dec 31, 2024 | 1.09% |
| Sep 30, 2024 | 0.07% |
| Jun 30, 2024 | -591,550.25% |