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

Bullish's (BLSH) quarterly Free Cash Flow came in at -$16.8 million in Q4 2025, up 83.05% year-on-year from -$9.2 million in Q4 2024, and down 134.57% quarter-over-quarter from $48.7 million in Q3 2025.

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

Bullish has disclosed Free Cash Flow across 2 years of filings, most recently posting -$16.8 million for Q4 2025.

  • Free Cash Flow for Q4 2025 came in at -$16.8 million, up 83.05% year-over-year; the trailing twelve-month figure through Dec 2025 was -$50.4 million (up 47.24% YoY), and the FY2025 annual result was $18.7 million, up 161.58% from the prior year.
  • Free Cash Flow came in at -$16.8 million for Q4 2025 at Bullish, down from $48.7 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $48.7 million in Q3 2025 to a low of -$99.3 million in Q4 2024.
Generated on {Timestamp} © BusinessQuant.com
Generated on {Timestamp} Powered by BusinessQuant Logo

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,819.83 Bn 2,741.56 Bn 56.06 Bn 15.80 Bn
2 Alarum Technologies 1,056.91 Bn 1,042.76 Bn 7.23 Mn -
3 Oracle 530.68 Bn 492.11 Bn 15.14 Bn 9.49 Bn
4 Palantir Technologies 306.85 Bn 298.93 Bn 1.42 Bn 891.76 Mn
5 Palo Alto Networks 199.03 Bn 194.49 Bn 1.91 Bn 384.00 Mn
6 CrowdStrike Holdings 170.56 Bn 167.51 Bn 993.68 Mn 395.40 Mn
7 Fortinet 106.91 Bn 103.62 Bn 1.49 Bn 1.02 Bn
8 Synopsys 86.43 Bn 86.31 Bn 1.77 Bn 821.51 Mn
9 Cloudflare 79.42 Bn 78.48 Bn 455.60 Mn 93.10 Mn
10 Bullish 3.08 Bn 3.00 Bn 21.51 Mn -16.84 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -16.84 Mn
Dec 31, 2025 -16.84 Mn
Sep 30, 2025 48.72 Mn
Sep 30, 2025 48.72 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 -9.68 Mn
Sep 30, 2024 -9.68 Mn
Jun 30, 2024 13.50 Mn
Jun 30, 2024 13.50 Mn