Bullish (BLSH) Total Debt (2024 - 2026)
Bullish's (BLSH) quarterly Total Debt came in at $2.9 million in Q2 2026, down 96.31% year-over-year from $79.3 million in Q2 2025, and down 78.25% quarter-over-quarter from $13.5 million in Q1 2026.
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Analysis
Bullish (BLSH) Total Debt (2024 - 2026) Analysis & Trends
Bullish has disclosed Total Debt across 3 years of filings, most recently posting $2.9 million for Q2 2026.
- In Q2 2026, Total Debt fell 96.31% year-over-year to $2.9 million; the TTM figure through Jun 2026 stood at $2.9 million (down 96.31% YoY), while the FY2025 annual figure was $64.0 million, up 40.34% from the prior year.
- Total Debt came in at $2.9 million for Q2 2026 at Bullish, down from $13.5 million in the prior quarter.
- In the past five years, Total Debt ranged from a high of $79.3 million in Q2 2025 to a low of -$13.3 million in Q1 2025.
- Average Total Debt over 3 years is $28.8 million, with a median of $13.5 million recorded in 2026.
- Year-over-year, Total Debt surged 5385.6% in 2025 and tumbled 96.31% in 2026.
- Over 3 years, Total Debt stood at $45.6 million in 2024, then surged by 40.34% to $64.0 million in 2025, then tumbled by 95.43% to $2.9 million in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $2.9 million in Q2 2026, $13.5 million in Q1 2026, and $64.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | - |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | 10.78 Bn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 15.23 Bn |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | 6.29 Bn |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | 7.76 Bn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | 16.72 Bn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | 27.89 Bn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 23.65 Bn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | 7.64 Bn |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | 2.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.93 Mn |
| Mar 31, 2026 | 13.46 Mn |
| Dec 31, 2025 | 64.01 Mn |
| Sep 30, 2025 | 66.78 Mn |
| Jun 30, 2025 | 79.28 Mn |
| Mar 31, 2025 | -13.31 Mn |
| Dec 31, 2024 | 45.61 Mn |
| Sep 30, 2024 | 1.60 Mn |
| Jun 30, 2024 | -1.50 Mn |
API Access
Bullish Total Debt 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=total-debt&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();