Bullish (BLSH) Equity Ratio (2023 - 2025)

Bullish has disclosed Equity Ratio across 3 years of filings, most recently posting 0.83 for Q4 2025.

• Equity Ratio for Q4 2025 came in at 0.83, up 5.82% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.83 (up 5.82% YoY), and the FY2025 annual result was 0.83, up 5.82% from the prior year.
• Equity Ratio came in at 0.83 for Q4 2025 at Bullish, up from 0.79 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 5.06 in Q4 2023 to a low of 0.79 in Q4 2024.
• The 3-year median for Equity Ratio is 0.83 (2025), against an average of 2.23.
• Across the five-year window, Equity Ratio sank 84.42% in 2024 and rose 5.82% in 2025, its largest moves.
• Bullish's Equity Ratio stood at 5.06 in 2023, then tumbled by 84.42% to 0.79 in 2024, then grew by 5.82% to 0.83 in 2025.
• The last three Equity Ratio figures came in at 0.83 (Q4 2025), 0.79 (Q4 2024), and 5.06 (Q4 2023), per Business Quant data.