Bullish (BLSH) Invested Capital (2023 - 2025)

Bullish has disclosed Invested Capital across 3 years of filings, most recently posting $3.9 billion for Q4 2025.

• Invested Capital for Q4 2025 came in at $3.9 billion, up 33.95% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.9 billion (up 33.95% YoY), and the FY2025 annual result was $3.9 billion, up 33.95% from the prior year.
• Invested Capital came in at $3.9 billion for Q4 2025 at Bullish, up from $829000.0 in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $3.9 billion in Q4 2025 to a low of $829000.0 in Q3 2025.
• The 3-year median for Invested Capital is $2.1 billion (2023), against an average of $2.0 billion.
• Across the five-year window, Invested Capital soared 123.76% in 2024 and jumped 33.95% in 2025, its largest moves.
• Bullish's Invested Capital stood at $1.3 billion in 2023, then soared by 123.76% to $2.9 billion in 2024, then soared by 33.95% to $3.9 billion in 2025.
• The last three Invested Capital figures came in at $3.9 billion (Q4 2025), $829000.0 (Q3 2025), and $2.9 billion (Q4 2024), per Business Quant data.