Bullish (BLSH) Payables (2024 - 2026)
Bullish (BLSH) posted Payables of $50.0 million for Q4 2025, down 12.28% sequentially from $57.0 million in Q3 2025, and down 32.84% YoY from $74.4 million in Q4 2024.
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Analysis
Bullish (BLSH) Payables (2024 - 2026) Analysis & Trends
Bullish has reported Payables for 2 years, with the latest figure at $50.0 million in Q4 2025.
- Quarterly Payables fell 32.84% year-over-year to $50.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $50.0 million (down 32.84% YoY) and the FY2025 annual result came in at $50.0 million, down 32.84% from the prior year.
- Payables declined to $50.0 million in Q4 2025 per BLSH's latest filing, from $57.0 million in the prior quarter.
- Over five years, Payables peaked at $74.4 million in Q4 2024 and troughed at $50.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 42.80 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 18.18 Bn |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 504.07 Mn |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 293.00 Mn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 114.49 Mn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 282.50 Mn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 127.03 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 1.48 Bn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | - |
| 10 | Bullish | 4.59 Bn | 4.49 Bn | 15.53 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 66.67 Mn |
| Dec 31, 2025 | 62.79 Mn |
| Sep 30, 2025 | 56.98 Mn |
| Dec 31, 2024 | 74.42 Mn |