Bullish (BLSH) Equity Ratio (2023 - 2025)

Bullish's Equity Ratio history runs 3 years deep, the most recent figure standing at 0.83 for Q4 2025.

• In Q4 2025, Equity Ratio rose 5.82% year-over-year to 0.83; the TTM figure through Dec 2025 stood at 0.83 (up 5.82% YoY), while the FY2025 annual figure 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.
• A 3-year average of 2.23 and a median of 0.83 in 2025 frame the typical range for Equity Ratio.
• Across the five-year window, Equity Ratio plunged 84.42% in 2024 and gained 5.82% in 2025, its largest moves.
• Bullish's Equity Ratio stood at 5.06 in 2023, then slumped by 84.42% to 0.79 in 2024, then increased by 5.82% to 0.83 in 2025.
• According to Business Quant data, Equity Ratio over the past three periods registered 0.83, 0.79, and 5.06 for Q4 2025, Q4 2024, and Q4 2023 respectively.

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