---
title: "Bullish (BLSH.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/BLSH.US/norm.md"
symbol: "BLSH.US"
name: "Bullish"
parent: "https://longbridge.com/zh-HK/quote/BLSH.US.md"
datetime: "2026-03-14T17:23:28.654Z"
locales:
  - [en](https://longbridge.com/en/quote/BLSH.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/BLSH.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/BLSH.US/norm.md)
---

> 支持的語言: [English](https://longbridge.com/en/quote/BLSH.US/norm.md) | [简体中文](https://longbridge.com/zh-CN/quote/BLSH.US/norm.md)


# Bullish (BLSH.US) — 財務報表

## 損益表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -3.62 | 0.0992 | 0.9300 | -3.04 | 1.27 |
| ROE | -61.30% | 2.29% | 19.29% | - | - |
| Revenue | 77.70M | 65.05M | 47.66M | 46.82M | 39.27M |
| Net income | -546.60M | 18.40M | 107.51M | -343.99M | 157.03M |
| Operating income | -190.16M | 36.95M | 55.69M | -262.19M | 143.62M |
| Gross margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Net margin | -703.43% | 28.28% | 225.56% | -734.72% | 399.93% |
| Profit quality | -307.56% | -79.26% | 327.52% | - | 371.39% |

## 資產負債表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 3.96B | 4.62B | 3.24B | 2.66B | 3.05B |
| Leverage | 1.20 | 1.16 | 1.27 | 1.36 | 1.27 |
| BVPS | 21.32 | 26.00 | 22.26 | 17.14 | 20.95 |
| Turnover | 0.0677 | - | - | - | 0.0653 |
| Cash & STI | 492.04M | 445.15M | 458.03M | 288.74M | 117.71M |
| Inv & Rec | 206.18M | 254.20M | 231.87M | 192.59M | 573.88M |
| LT assets | 28.37M | 12.21M | 14.86M | 15.53M | 14.12M |
| Net debt | 89.05M | 137.42M | 181.91M | 363.99M | 473.23M |

## 現金流量表 (USD)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 61.83M | -46.62M | 17.00M | -3.58M | 38.67M |
| Investing CF | -28.03M | 42.87M | -227000.00 | -12.51M | -35.82M |
| Financing CF | -7.18M | 48.08M | -11.93M | 13.43M | -3.30M |
| Free CF | 622.47M | -1.36B | -366.91M | - | - |
| OCF coverage | 1347.62% | -1414.53% | 16.74% | -7.04% | 2796.10% |
| Repaid & issued | 0.0000 | 0.0000 | 100.00M | 74.30M | 0.0000 |
| CapEx | -7.59M | -2.09M | -54000.00 | -196000.00 | -78000.00 |