Bullish (BLSH) Intangibles (2023 - 2025)

Bullish has disclosed Intangibles across 3 years of filings, most recently posting $31.1 million for Q4 2025.

• Intangibles for Q4 2025 came in at $31.1 million, down 6.59% year-over-year; the trailing twelve-month figure through Dec 2025 was $31.1 million (down 6.59% YoY), and the FY2025 annual result was $31.1 million, down 6.59% from the prior year.
• Intangibles came in at $31.1 million for Q4 2025 at Bullish, down from $31.7 million in the prior quarter.
• In the past five years, Intangibles ranged from a high of $40.2 million in Q4 2023 to a low of $31.1 million in Q4 2025.
• The 3-year median for Intangibles is $32.2 million (2025), against an average of $33.7 million.
• Across the five-year window, Intangibles dropped 17.24% in 2024 and slipped 6.59% in 2025, its largest moves.
• Bullish's Intangibles stood at $40.2 million in 2023, then decreased by 17.24% to $33.3 million in 2024, then declined by 6.59% to $31.1 million in 2025.
• The last three Intangibles figures came in at $31.1 million (Q4 2025), $31.7 million (Q3 2025), and $32.2 million (Q2 2025), per Business Quant data.