Bullish (BLSH) EBT (2024 - 2026)
Bullish's (BLSH) quarterly EBT came in at $280.0 million in Q2 2026, up 156.51% year-over-year from $109.1 million in Q2 2025, and up 146.3% quarter-over-quarter from -$604.6 million in Q1 2026.
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Analysis
Bullish (BLSH) EBT (2024 - 2026) Analysis & Trends
Bullish has disclosed EBT across 3 years of filings, most recently posting $280.0 million for Q2 2026.
- In Q2 2026, EBT rose 156.51% year-over-year to $280.0 million; the TTM figure through Jun 2026 stood at -$871.4 million (down 505.2% YoY), while the FY2025 annual figure was -$786.4 million, down 1029.91% from the prior year.
- EBT came in at $280.0 million for Q2 2026 at Bullish, up from -$604.6 million in the prior quarter.
- In the past five years, EBT ranged from a high of $280.0 million in Q2 2026 to a low of -$116.1 billion in Q2 2024.
- Average EBT over 3 years is -$13.0 billion, with a median of -$66.5 million recorded in 2024.
- Year-over-year, EBT slumped 448.3% in 2025 and soared 156.51% in 2026.
- Over 3 years, EBT stood at $162.2 million in 2024, then tumbled by 448.3% to -$565.1 million in 2025, then soared by 149.54% to $280.0 million in 2026.
- Per Business Quant data, the three most recent EBT figures were $280.0 million in Q2 2026, -$604.6 million in Q1 2026, and -$565.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | -83.60 Mn |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | -395.41 Mn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 1.31 Bn |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | 301.50 Mn |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | -691.99 Mn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | 344.72 Mn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | 775.00 Mn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 104.28 Mn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | -208.60 Mn |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | -279.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -279.97 Mn |
| Mar 31, 2026 | -604.64 Mn |
| Dec 31, 2025 | -565.09 Mn |
| Sep 30, 2025 | 18.38 Mn |
| Jun 30, 2025 | 109.14 Mn |
| Mar 31, 2025 | -348.84 Mn |
| Dec 31, 2024 | 162.24 Mn |
| Sep 30, 2024 | -66.53 Mn |
| Jun 30, 2024 | -116.09 Bn |
API Access
Bullish EBT 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=ebt&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();