Bullish (BLSH) Net Cash Flow (2024 - 2025)
Bullish recorded quarterly Net Cash Flow of -$39.8 million in Q4 2025, down 144.44% quarter-over-quarter from $89.5 million in Q3 2025, and up 74.55% year-over-year from -$22.8 million in Q4 2024.
Bullish's Net Cash Flow history runs 2 years deep, the most recent figure standing at -$39.8 million for Q4 2025.
- In Q4 2025, Net Cash Flow rose 74.55% year-over-year to -$39.8 million; the TTM figure through Dec 2025 stood at -$118.7 million (changed N/A YoY), while the FY2025 annual figure was $73.1 million, up 196.17% from the prior year.
- Net Cash Flow came in at -$39.8 million for Q4 2025 at Bullish, down from $89.5 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $89.5 million in Q3 2025 to a low of -$156.3 million in Q4 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 7.92 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 19.11 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 875.84 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 1.09 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 426.25 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | -271.50 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | -9.94 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | -762.84 Mn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | -810.00 Mn |
| 10 | Bullish | 4.10 Bn | 4.01 Bn | -64,323,503.65 Bn | -39.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -39.77 Mn |
| Dec 31, 2025 | -39.77 Mn |
| Sep 30, 2025 | 89.50 Mn |
| Sep 30, 2025 | 89.50 Mn |
| Jun 30, 2025 | -12.16 Mn |
| Jun 30, 2025 | -12.16 Mn |
| Dec 31, 2024 | -156.27 Mn |
| Dec 31, 2024 | -156.27 Mn |
| Jun 30, 2024 | -9.85 Mn |
| Jun 30, 2024 | -9.85 Mn |