Bullish (BLSH) Free Cash Flow (2024 - 2025)

Bullish (BLSH) reported Free Cash Flow of -$16.8 million for Q4 2025, up 83.05% on a YoY basis from -$9.2 million in Q4 2024, and up 62.18% sequentially from -$44.5 million in Q3 2025.

Bullish (BLSH) Free Cash Flow (2024 - 2025) Analysis & Trends

Bullish (BLSH) has 2 years of Free Cash Flow data on file, last reported at -$16.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow rose 83.05% year-over-year to -$16.8 million; the trailing twelve-month figure through Dec 2025 stood at -$143.6 million (changed N/A YoY), and the FY2025 full-year result was $18.7 million, up 161.58% from the prior year.
  • Free Cash Flow advanced to -$16.8 million in Q4 2025, from -$44.5 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $17.1 million in Q2 2025 to a low of -$99.3 million in Q4 2024.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 45.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 223.25 Mn
3 Oracle 329.59 Bn 297.69 Bn - -1.87 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 891.76 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 384.00 Mn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 628.76 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 1.02 Bn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 164.72 Mn
10 Bullish 3.08 Bn 2.99 Bn - -16.84 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -16.84 Mn
Dec 31, 2025 -16.84 Mn
Sep 30, 2025 -44.53 Mn
Sep 30, 2025 -44.53 Mn
Jun 30, 2025 17.06 Mn
Jun 30, 2025 17.06 Mn
Dec 31, 2024 -99.33 Mn
Dec 31, 2024 -99.33 Mn
Sep 30, 2024 9.87 Mn
Sep 30, 2024 9.87 Mn
Jun 30, 2024 13.50 Mn
Jun 30, 2024 13.50 Mn