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 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 2.81 Bn |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 7.18 Bn |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 1.15 Bn |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | 10.69 Bn |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 241.27 Mn |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 3.06 Bn |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 507.25 Mn |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 611.74 Mn |
| 10 | Bullish | 2.73 Bn | -1.23 Bn | 15.53 Mn | 56.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.27 Mn |
| Mar 31, 2026 | 142.09 Mn |
| Dec 31, 2025 | 46.28 Mn |
| Sep 30, 2025 | 45.71 Mn |
| Jun 30, 2025 | 43.02 Mn |
| Mar 31, 2025 | 109.44 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();