Bullish/$BLSH
1D1W1MYTD1Y5YMAX
Capital at risk
About Bullish
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
- Ticker
- $BLSH
- Sector
- Finance
- Primary listing
- NYSE
- Employees
- 394
- Headquarters
- George Town, Cayman Islands
- Website
- www.bullish.com
Bullish Metrics
BasicAdvanced
$5.4B
-
-$9.41
-
-
Price and volume
Market cap
$5.4B
52-week high
$74.98
52-week low
$20.55
Average daily volume
1.6M
Financial strength
Current ratio
23.525
Quick ratio
2.873
Long term debt to equity
0.208
Total debt to equity
0.211
Interest coverage (TTM)
-13.88%
Profitability
EBITDA (TTM)
-794.546
Gross margin (TTM)
100.00%
Net profit margin (TTM)
-458.93%
Operating margin (TTM)
-264.83%
Effective tax rate (TTM)
0.10%
Revenue per employee (TTM)
$760,000
Management effectiveness
Return on assets (TTM)
-15.71%
Return on equity (TTM)
-57.07%
Valuation
Price to revenue (TTM)
17.313
Price to book
2.23
Price to tangible book (TTM)
2.32
Price to free cash flow (TTM)
46.47
Free cash flow yield (TTM)
2.15%
Free cash flow per share (TTM)
0.763
Growth
Revenue change (TTM)
80.50%
Earnings per share change (TTM)
623.63%
What the Analysts think about Bullish
Analyst ratings (Buy, Hold, Sell) for Bullish stock.
Analyst projections of the future price of Bullish stock.
Bulls say / Bears say
Q2 2026 adjusted revenue grew 62% year-over-year to $92.6 million, driven by record Subscription, Services & Other revenue of $62.7 million, underscoring robust recurring revenue growth (SEC 6-K).
Adjusted EBITDA surged to $29.5 million in Q2 2026 from $8.1 million a year earlier, reflecting improved operational leverage and margin expansion (SEC 6-K).
The May 2026 agreement to acquire Equiniti for $4.2 billion positions Bullish as a leading global transfer agent for tokenized securities, adding $500 billion in annual issuer payments and enhancing its market infrastructure suite (Bloomberg).
Bullish reported a net loss of $280 million in Q2 2026, highlighting significant volatility and reliance on adjusted metrics for profitability (SEC 6-K).
Integration and regulatory risks associated with the $4.2 billion Equiniti acquisition—such as satisfying closing conditions and obtaining approvals—could disrupt operations and delay synergy realization (SEC Form 6-K).
Full-year 2026 finance expense guidance of $52 million to $60 million underscores elevated borrowing costs from increased leverage and assumed Equiniti debt (Bullish Q1 2026 Results).
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2026.
Bullish Financial Performance
Revenues and expenses
Bullish Earnings Performance
Company profitability
Upcoming events
No upcoming events
Bullish News
AllArticlesVideos
Funds containing Bullish
AllEURGBP
Fund name | Fund size | $BLSH weighting |
|---|---|---|
VanEck Crypto And Blockchain Innovators€DAVV | €548M | 4.92% |
VanEck Crypto And Blockchain Innovators£DAGB | £635M | 4.92% |
Invesco CoinShares Global Blockchain£BCHS | £879M | 2.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.