Bullish (BLSH) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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BLSH Revenue Growth
BLSH Revenue Analysis (2020–2025)
As of May 8, 2026, Bullish (BLSH) generated trailing twelve-month (TTM) revenue of $244.91 billion, reflecting slight decline in growth of -2.6% year-over-year. The most recent quarter (Q4 2025) recorded $64.35 billion in revenue, up 54.5% sequentially.
Looking at the longer-term picture, BLSH's historical revenue data shows a 3-year CAGR of +49.8%. The company achieved its highest annual revenue of $250.26 billion in 2024.
When compared to Technology sector peers including COIN, HOOD, and MARA. Compare BLSH vs COIN →
BLSH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BLSHCurrent | $244.9B | -2.6% | - | -0.0% | |
 COIN | $7.2B | - | - | 20.0% | |
 HOOD | $4.5B | - | - | 46.8% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 FUTU | $13.6B | - | - | 48.7% |
BLSH Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $244.81B | -2.2% | $78.3M | 0.0% | $-103,888,000 | -0.0% |
| 2024 | $250.26B | +114.8% | $5.3M | 0.0% | $31.9M | 0.0% |
| 2023 | $116.51B | +59.8% | $-21,672,000 | -0.0% | $10.2M | 0.0% |
| 2022 | $72.90B | +5415.8% | $-6,555,000 | -0.0% | $15.7M | 0.0% |
| 2021 | $1.32B | - | $-1,043,465,000 | -79.0% | $-1,275,660,000 | -96.5% |
| 2020 | $0 | - | $0 | - | $-119,040,000 | - |
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Start ComparisonBLSH — Frequently Asked Questions
Quick answers to the most common questions about buying BLSH stock.
Is BLSH's revenue growth accelerating or slowing?
BLSH revenue growth slowed to -2.6%, below the 5-year CAGR of N/A. TTM revenue is $244.9B. The deceleration marks a shift from historical growth rates.
What is BLSH's long-term revenue growth rate?
Bullish's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -2.6% is near this long-term average.
How is BLSH's revenue distributed by segment?
BLSH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.