Bullish (BLSH) Exchange Rate Effect (2024 - 2026)
Bullish's (BLSH) quarterly Exchange Rate Effect came in at -$197000.0 in Q2 2026, down 258.87% year-over-year from $124000.0 in Q2 2025, and down 394.03% quarter-over-quarter from $67000.0 in Q1 2026.
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Analysis
Bullish (BLSH) Exchange Rate Effect (2024 - 2026) Analysis & Trends
Bullish has disclosed Exchange Rate Effect across 3 years of filings, most recently posting -$197000.0 for Q2 2026.
- In Q2 2026, Exchange Rate Effect fell 258.87% year-over-year to -$197000.0; the TTM figure through Jun 2026 stood at $1.6 million (changed N/A YoY), while the FY2025 annual figure was $1.6 million, up 429.33% from the prior year.
- Exchange Rate Effect came in at -$197000.0 for Q2 2026 at Bullish, down from $67000.0 in the prior quarter.
- In the past five years, Exchange Rate Effect ranged from a high of $1.4 million in Q4 2025 to a low of -$231000.0 in Q1 2025.
- Average Exchange Rate Effect over 3 years is $212428.6, with a median of $67000.0 recorded in 2026.
- Year-over-year, Exchange Rate Effect jumped 327.59% in 2025 and tumbled 258.87% in 2026.
- Over 3 years, Exchange Rate Effect stood at $29000.0 in 2024, then surged by 4658.62% to $1.4 million in 2025, then slumped by 114.28% to -$197000.0 in 2026.
- Per Business Quant data, the three most recent Exchange Rate Effect figures were -$197000.0 in Q2 2026, $67000.0 in Q1 2026, and $1.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | - |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | -9.09 Mn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 29.00 Mn |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | -55,000.00 |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | -2.07 Mn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | -42.20 Mn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | -12.00 Mn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 3.15 Mn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | 19,000.00 |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | -197,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -197,000.00 |
| Mar 31, 2026 | 67,000.00 |
| Dec 31, 2025 | 1.38 Mn |
| Sep 30, 2025 | 315,000.00 |
| Jun 30, 2025 | 124,000.00 |
| Mar 31, 2025 | -231,000.00 |
| Jun 30, 2024 | 29,000.00 |
API Access
Bullish Exchange Rate Effect 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=exchange-rate-effect&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "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=exchange-rate-effect&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();