Bullish (BLSH) Operating Expenses (2024 - 2026)
Bullish (BLSH) posted Operating Expenses of -$56.27 million for Q2 2026, compared with -$43.02 million a year earlier.
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Analysis
Bullish (BLSH) Operating Expenses (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Bullish was -$54.44 million; for FY2025, it came in at -$176.23 million.
- In prior years, Bullish's Operating Expenses was -$146.92 million in FY2024 and -$98.79 million in FY2023.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q2 2024.
- According to Business Quant data, Operating Expenses for the three prior quarters was $93.81 million (Q1 2026), -$46.28 million (Q4 2025) and -$45.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 7.26 Bn |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | 1.33 Bn |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Bullish | 3.49 Bn | -1.33 Bn | 15.53 Mn | -56.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -56.27 Mn |
| Mar 31, 2026 | -48.28 Mn |
| Dec 31, 2025 | -46.28 Mn |
| Sep 30, 2025 | -45.71 Mn |
| Jun 30, 2025 | -43.02 Mn |
| Mar 31, 2025 | -47.19 Mn |
| Dec 31, 2024 | -37.08 Mn |
| Sep 30, 2024 | -39.62 Mn |
| Jun 30, 2024 | -39.66 Bn |
API Access
Bullish Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();