Bullish (BLSH) Operating Margin (2024 - 2025)

Bullish (BLSH) posted Operating Margin of 0.11% for Q4 2025, down 27.7% sequentially from 0.15% in Q3 2025, and up 1.0% YoY from 0.1% in Q4 2024.

Bullish (BLSH) Operating Margin (2024 - 2025) Analysis & Trends

Bullish has reported Operating Margin for 2 years, with the latest figure at 0.11% in Q4 2025.

Quarterly Operating Margin rose 1.0% year-over-year to 0.11% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 25.11% (changed N/A YoY) and the FY2025 annual result came in at 0.11%, up 1.0% from the prior year.
Operating Margin retreated to 0.11% in Q4 2025 per BLSH's latest filing, from 0.15% in the prior quarter.
Over five years, Operating Margin peaked at 53613.02% in Q2 2025 and troughed at 0.09% in Q4 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn	45.11%
2	Oracle	433.50 Bn	402.15 Bn	-	31.97%
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn	47.12%
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn	-6.10%
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn	33.66%
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn	-29.55%
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn	8.43%
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn	-1.90%
9	Block	49.79 Bn	43.33 Bn	3.17 Bn	6.75%
10	Bullish	3.68 Bn	3.66 Bn	21.51 Mn	0.11%

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