Bullish (BLSH) Free Cash Flow (2024 - 2026)
Bullish (BLSH) posted Free Cash Flow of -$16.8 million for Q4 2025, up 62.18% sequentially from -$44.5 million in Q3 2025, and down 144.36% YoY from $38.0 million in Q4 2024.
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Bullish (BLSH) Free Cash Flow (2024 - 2026) Analysis & Trends
Bullish has reported Free Cash Flow for 2 years, with the latest figure at -$16.8 million in Q4 2025.
- Quarterly Free Cash Flow fell 144.36% year-over-year to -$16.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$6.3 million (changed N/A YoY) and the FY2025 annual result came in at $18.7 million, up 161.58% from the prior year.
- Free Cash Flow advanced to -$16.8 million in Q4 2025 per BLSH's latest filing, from -$44.5 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $38.0 million in Q4 2024 and troughed at -$44.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | -1.87 Bn |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 1.20 Bn |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 788.00 Mn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 405.86 Mn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 965.60 Mn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 67.60 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | - |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | -7.56 Bn |
| 10 | Bullish | 4.59 Bn | 4.49 Bn | 15.53 Mn | 17.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.52 Mn |
| Mar 31, 2026 | 91.34 Mn |
| Dec 31, 2025 | 69.42 Mn |
| Sep 30, 2025 | -44.53 Mn |
| Jun 30, 2025 | 17.06 Mn |
| Mar 31, 2025 | -3.38 Mn |
| Dec 31, 2024 | 98.71 Mn |
| Sep 30, 2024 | -9.68 Mn |
| Jun 30, 2024 | 13.50 Mn |