Bullish (BLSH) Shares Outstanding (Diluted Average) (2023 - 2025)

Bullish recorded quarterly Shares Outstanding (Diluted Average) of $127.7 million in Q4 2025, up 7017647.25% quarter-over-quarter from $1820.0 in Q3 2025, and up 10.68% year-over-year from $115.4 million in Q4 2024.

Bullish's Shares Outstanding (Diluted Average) history runs 3 years deep, the most recent figure standing at $127.7 million for Q4 2025.

  • In Q4 2025, Shares Outstanding (Diluted Average) rose 10.68% year-over-year to $127.7 million; the TTM figure through Dec 2025 stood at $127.7 million (up 10.68% YoY), while the FY2025 annual figure was $6150.0, down 99.99% from the prior year.
  • Shares Outstanding (Diluted Average) came in at $127.7 million for Q4 2025 at Bullish, up from $1820.0 in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $127.7 million in Q4 2025 to a low of $1030.0 in Q2 2024.
  • A 3-year average of $60.9 million and a median of $57.7 million in 2024 frame the typical range for Shares Outstanding (Diluted Average).
  • Across the five-year window, Shares Outstanding (Diluted Average) decreased 5.55% in 2024 and soared 102.91% in 2025, its largest moves.
  • Bullish's Shares Outstanding (Diluted Average) stood at $122.2 million in 2023, then retreated by 5.55% to $115.4 million in 2024, then increased by 10.68% to $127.7 million in 2025.
  • According to Business Quant data, Shares Outstanding (Diluted Average) over the past three periods registered $127.7 million, $1820.0, and $2090.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Microsoft 3,425.08 Bn 3,346.81 Bn 56.06 Bn -
2 Oracle 712.03 Bn 673.46 Bn 15.14 Bn -
3 Palantir Technologies 384.58 Bn 376.66 Bn 1.42 Bn 2.57 Bn
4 Palo Alto Networks 208.80 Bn 204.26 Bn 1.91 Bn 713.00 Mn
5 CrowdStrike Holdings 195.63 Bn 192.58 Bn 993.68 Mn 250.58 Mn
6 Fortinet 108.69 Bn 105.40 Bn 1.49 Bn 742.80 Mn
7 Cloudflare 95.27 Bn 94.32 Bn 455.60 Mn 352.63 Mn
8 Synopsys 93.41 Bn 93.30 Bn 1.77 Bn 190.76 Mn
9 CoreWeave 65.84 Bn 63.57 Bn 2.01 Bn 527.00 Mn
10 Bullish 4.10 Bn 4.01 Bn -64,323,503.65 Bn 127.72 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 127.72 Mn
Sep 30, 2025 1,820.00
Jun 30, 2025 2,090.00
Dec 31, 2024 115.40 Mn
Jun 30, 2024 1,030.00
Dec 31, 2023 122.18 Mn