Bullish/$BLSH
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09:10
04:45
00:25
20:00
1D1W1MYTD1Y5YMAX
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
Primary listing
NYSE
Employees
-
Headquarters
George Town, Cayman Islands
Website
Bullish Metrics
BasicAdvanced
$8.2B
-
-$1.30
-
-
Price and volume
Market cap
$8.2B
52-week high
$118.00
52-week low
$47.88
Average daily volume
4.2M
Financial strength
Current ratio
24.591
Quick ratio
3.717
Long term debt to equity
22.026
Total debt to equity
25.083
Interest coverage (TTM)
-1.96%
Profitability
EBITDA (TTM)
-82.499
Gross margin (TTM)
100.00%
Net profit margin (TTM)
-87.74%
Operating margin (TTM)
-51.78%
Effective tax rate (TTM)
-3.60%
Management effectiveness
Valuation
Price to revenue (TTM)
38.199
Price to book
2.53
Price to tangible book (TTM)
2.63
Price to free cash flow (TTM)
159.501
Free cash flow yield (TTM)
0.63%
Free cash flow per share (TTM)
0.353
Growth
What the Analysts think about Bullish
Analyst ratings (Buy, Hold, Sell) for Bullish stock.
Bulls say / Bears say
Bullish’s NYSE debut saw its shares surge over 150% from the $37 IPO price to as high as $118, valuing the company at approximately $13.16 billion and demonstrating strong investor demand for its institutional digital asset platform. (Reuters)
In Q2 2025, Bullish reported a net income of $108.3 million, rebounding from a $116.4 million loss a year earlier, marking its first profit as a public company and underscoring its business model resilience. (Barron’s)
Bullish announced the launch of crypto options trading on October 8 through a consortium of leading market makers including Galaxy Digital and FalconX, expanding its derivatives suite and catering to institutional clients’ demand for comprehensive risk management tools. (Barron’s)
Despite recent profits, Bullish’s stock trades at nearly 90 times 2026 earnings estimates, prompting analysts like Oppenheimer to warn that its inflated valuation may not be sustainable. (Barron’s)
The company reported a $349 million net loss in Q1 2025, highlighting volatility in its earnings and questioning the consistency of its profitability trajectory. (Financial Times)
Bullish plans to convert a large share of its $1.11 billion in IPO proceeds into stablecoins, exposing the firm to potential regulatory and market risks associated with stablecoin issuance and liquidity. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2025.
Bullish Financial Performance
Revenues and expenses
Bullish Earnings Performance
Company profitability
Bullish News
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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.
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Bullish stock?
Bullish (BLSH) has a market cap of $8.2B as of October 28, 2025.
What is the P/E ratio for Bullish stock?
The price to earnings (P/E) ratio for Bullish (BLSH) stock is 0 as of October 28, 2025.
Does Bullish stock pay dividends?
No, Bullish (BLSH) stock does not pay dividends to its shareholders as of October 28, 2025.
When is the next Bullish dividend payment date?
Bullish (BLSH) stock does not pay dividends to its shareholders.
What is the beta indicator for Bullish?
Bullish (BLSH) does not currently have a Beta indicator.