Bullish (BLSH) Share-based Compensation (2024 - 2025)

Bullish's (BLSH) quarterly Share-based Compensation came in at $4.7 million in Q4 2025, little changed year-on-year from $4.7 million in Q4 2024, and up 49.58% quarter-over-quarter from $3.1 million in Q3 2025.

Bullish (BLSH) Share-based Compensation (2024 - 2025) Analysis & Trends

Bullish has disclosed Share-based Compensation across 2 years of filings, most recently posting $4.7 million for Q4 2025.

  • Share-based Compensation for Q4 2025 came in at $4.7 million, changed 0.36% year-over-year; the trailing twelve-month figure through Dec 2025 was $15.8 million (changed N/A YoY), and the FY2025 annual result was $16.2 million, down 28.27% from the prior year.
  • Share-based Compensation came in at $4.7 million for Q4 2025 at Bullish, up from $3.1 million in the prior quarter.
  • In the past five years, Share-based Compensation ranged from a high of $8.9 million in Q2 2024 to a low of $3.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Microsoft 2,819.83 Bn 2,741.56 Bn 56.06 Bn 3.08 Bn
2 Alarum Technologies 1,056.91 Bn 1,042.76 Bn 7.23 Mn -
3 Oracle 530.68 Bn 492.11 Bn 15.14 Bn 1.33 Bn
4 Palantir Technologies 306.85 Bn 298.93 Bn 1.42 Bn 201.59 Mn
5 Palo Alto Networks 199.03 Bn 194.49 Bn 1.91 Bn 301.00 Mn
6 CrowdStrike Holdings 170.56 Bn 167.51 Bn 993.68 Mn 273.95 Mn
7 Fortinet 106.91 Bn 103.62 Bn 1.49 Bn 72.50 Mn
8 Synopsys 86.43 Bn 86.31 Bn 1.77 Bn 258.72 Mn
9 Cloudflare 79.42 Bn 78.48 Bn 455.60 Mn 114.24 Mn
10 Bullish 3.08 Bn 3.00 Bn 21.51 Mn 4.68 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 4.68 Mn
Dec 31, 2025 4.68 Mn
Sep 30, 2025 3.13 Mn
Sep 30, 2025 3.13 Mn
Jun 30, 2025 3.26 Mn
Jun 30, 2025 3.26 Mn
Dec 31, 2024 4.70 Mn
Dec 31, 2024 4.70 Mn
Sep 30, 2024 5.70 Mn
Sep 30, 2024 5.70 Mn
Jun 30, 2024 8.90 Mn
Jun 30, 2024 8.90 Mn