Bullish/$BLSH
1D1W1M3M6MYTD1Y5YMAX
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
$3.4B
-
-$9.41
-
-
Price and volume
Market cap
$3.4B
52-week high
$51.94
52-week low
$20.55
Average daily volume
1.1M
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)
11.005
Price to book
1.42
Price to tangible book (TTM)
1.47
Price to free cash flow (TTM)
29.539
Free cash flow yield (TTM)
3.39%
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
Adjusted revenue rose 62% year on year to $92.6 million in Q2, with record subscription, services and other revenue of $62.7 million helping offset softer trading. Adjusted EBITDA also increased to $29.5 million from $8.1 million. (Bullish)
The planned Equiniti acquisition would add a regulated transfer agent serving nearly 3,000 issuers and 20 million shareholders, giving Bullish an established route into corporate tokenisation services. The deal could broaden the business beyond crypto trading, though it is not expected to close until 2027. (Bullish, Reuters)
Bullish has early institutional traction outside its exchange: Morgan Stanley used CoinDesk benchmarks for BTC, ETH and SOL products that drew more than $400 million in Q2 inflows. Gibraltar also approved Bullish to offer secondary trading in issuer-sponsored tokenised securities. (Bullish)
Bullish reported a $280 million Q2 net loss, compared with $108.3 million net income a year earlier, despite positive adjusted net income. The gap makes reported earnings vulnerable to valuation swings in the company’s digital-asset holdings. (Bullish)
Digital asset sales fell to $32.6 billion in Q2 from $58.6 billion a year earlier, showing how sharply activity can weaken when crypto trading conditions soften. That leaves the exchange exposed to swings in market volume. (Bullish)
Equiniti is a large, transformative purchase: the $4.2 billion price includes $1.85 billion of assumed debt and about $2.35 billion in newly issued Bullish shares. Analysts say the tokenisation synergies needed to justify the deal remain difficult to underwrite. (Bullish, Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Bullish Financial Performance
Revenues and expenses
Bullish Earnings Performance
Company profitability
Upcoming events
No upcoming events
Bullish News
AllArticlesVideos
Funds containing Bullish
AllUSDEURGBP
Fund name | Fund size | $BLSH weighting |
|---|---|---|
VanEck Crypto And Blockchain Innovators£DAGB | $511M | 3.66% |
VanEck Crypto And Blockchain Innovators€DAVV | $511M | 3.66% |
Invesco CoinShares Global Blockchain£BCHS | $976M | 1.73% |
iShares Blockchain Technology£BLKC | $304M | 0.74% |
Vanguard FTSE Global All-cap$VALU | $199M | 0.00% |
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.