Bullish (BLSH) Gross Margin (2024 - 2025)
Bullish (BLSH) posted Gross Margin of 0.03% for Q4 2025, down 6.68% sequentially from 0.04% in Q3 2025, and little changed YoY from 0.03% in Q4 2024.
Bullish (BLSH) Gross Margin (2024 - 2025) Analysis & Trends
Bullish has reported Gross Margin for 2 years, with the latest figure at 0.03% in Q4 2025.
- Quarterly Gross Margin changed 0.0% year-over-year to 0.03% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.04% (changed N/A YoY) and the FY2025 annual result came in at 0.03%, down 1.0% from the prior year.
- Gross Margin slipped to 0.03% in Q4 2025 per BLSH's latest filing, from 0.04% in the prior quarter.
- Over five years, Gross Margin peaked at 0.04% in Q3 2024 and troughed at 0.03% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 67.20% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 84.66% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 47.84% |
| 10 | Bullish | 3.68 Bn | 3.66 Bn | 21.51 Mn | 0.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.03% |
| Sep 30, 2025 | 0.04% |
| Jun 30, 2025 | 0.03% |
| Dec 31, 2024 | 0.04% |
| Sep 30, 2024 | 0.04% |
| Jun 30, 2024 | 0.04% |