Bullish (BLSH)

Revenue

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
British Virgin Islands - Digital Assets Sales Revenue	-	35.27B
United Kingdom - Digital Assets Sales Revenue	-	74.30B
Singapore - Digital Assets Sales Revenue	-	90.98B
Rest of the World - Digital Assets Sales Revenue	-	49.63B
On the Exchange - Digital Assets Sales Revenue	246.13B	250.18B
On Other Venues - Digital Assets Sales Revenue	361.84M	21.82M
Total Digital Assets Sales Revenue	246.49B	250.20B
Other Segment Revenue ( Thousands)	-	61.97K
Revenue (Total)	246.61B	250.26B

Adjusted Revenue

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Adjusted Transaction Revenue	133.80M	153.00M
Subscription & Services Revenue	114.60M	60.00M
Digital Assets Held as Investments & Other	2.60M	1.00M
Revenue (Total)	246.61B	250.26B

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Bitcoin - Trading Volume	-	305.18B
Ethereum - Trading Volume	-	144.53B
Others - Trading Volume	-	97.00B
Total Company's Trading Volume	-	546.71B
Bitcoin - Average Daily Volume	-	834.00M
Ethereum - Average Daily Volume	-	395.00M
Others - Average Daily Volume	-	265.00M
Total Company's Average Daily Volume	-	1.49B
Bitcoin - Average Trading Spread (bps)	-	3.40
Ethereum - Average Trading Spread (bps)	-	2.90
Others - Average Trading Spread (bps)	-	2.30
Overall Average Trading Spread (bps)	-	3.10
Total Pageviews - CoinDesk.com	109.41M	131.19M
Monthly Unique Visitors - CoinDesk.com	-	4.96M
Daily Average Bitcoin Price (BTC)	-	65.90K
Annualized Bitcoin Volatility (SPOT)	-	43.50%
Average Daily Trading Volume (PERP)	-	338.80M

Updated Nov 19, 2025. Data Source: Fiscal.ai.