On The Exchange was Bullish’s largest revenue line in fiscal 2025, bringing in $244.41B of $244.81B (100%).
| Products and services [axis] | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| On The Exchange | $115.61B | $250.18B | $244.41B |
| On Other Venues | $884.94M | $21.82M | $396.42M |
| Total | $116.49B | $250.20B | $244.81B |
Bullish brought in $244.81B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 2.2% from $250.20B in fiscal 2024. On The Exchange was the largest at $244.41B (99.8%), ahead of On Other Venues at $396.42M (0.2%).
From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $116.49B to $244.81B, a compound annual growth rate of 45.0%. On The Exchange's share of the total rose from 99.2% to 99.8%.
Bullish (BLSH) reports its revenue by products and services [axis]. In fiscal 2025, On The Exchange was its largest revenue line, bringing in $244.41B (99.8% of the total), followed by On Other Venues at $396.42M (0.2%).
On The Exchange was Bullish's largest revenue line in fiscal 2025, bringing in $244.41B, or 99.8% of the $244.81B total across its two revenue lines.
Every figure comes from Bullish's annual financial filings, as reported. Each line keeps the name Bullish gives it, and years follow its fiscal calendar.
Bullish's revenue by products and services [axis] goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.