Bullish (BLSH) Long-Term Debt Issuances (2024 - 2026)
Bullish's (BLSH) quarterly Long-Term Debt Issuances came in at -$50.0 million in Q1 2026, down 167.29% year-over-year from $74.3 million in Q1 2025, and down 150.0% quarter-over-quarter from $100.0 million in Q2 2025.
Analysis
Bullish (BLSH) Long-Term Debt Issuances (2024 - 2026) Analysis & Trends
Bullish has disclosed Long-Term Debt Issuances across 3 years of filings, most recently posting -$50.0 million for Q1 2026.
- In Q1 2026, Long-Term Debt Issuances fell 167.29% year-over-year to -$50.0 million; the TTM figure through Jun 2026 stood at -$50.0 million (down 128.69% YoY), while the FY2025 annual figure was $174.3 million, up 597.2% from the prior year.
- Long-Term Debt Issuances came in at -$50.0 million for Q1 2026 at Bullish, down from $100.0 million in the prior quarter.
- In the past five years, Long-Term Debt Issuances ranged from a high of $100.0 million in Q2 2025 to a low of -$50.0 million in Q1 2026.
- Average Long-Term Debt Issuances over 3 years is $37.3 million, with a median of $49.6 million recorded in 2024.
- Year-over-year, Long-Term Debt Issuances surged 300.0% in 2025 and slumped 167.29% in 2026.
- Over 3 years, Long-Term Debt Issuances stood at $25.0 million in 2024, then surged by 300.0% to $100.0 million in 2025, then plunged by 150.0% to -$50.0 million in 2026.
- Per Business Quant data, the three most recent Long-Term Debt Issuances figures were -$50.0 million in Q1 2026, $100.0 million in Q2 2025, and $74.3 million in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Debt Issuances (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | - |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | - |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | - |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | - |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | -12.60 Mn |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | - |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - | - |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Universal Token | 174.68 Mn | 174.68 Mn | - | 44,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -50.00 Mn |
| Jun 30, 2025 | 100.00 Mn |
| Mar 31, 2025 | 74.30 Mn |
| Jun 30, 2024 | 25.00 Mn |