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Bullish(NYSE) BLSH

Market Cap$4.27BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2025)-58%
5 YearN/A
1 Year-55%
1 Month+15%
Premium Feature
Moneyball Superscore
59/100
$28.41
+5.54%
+1.49Today
Pre market$29.88+$1.47 (+5.17%)
Bullish last closing stock price
MetricPriceDate
Last closeUSD 28.442026-08-20
Bullish stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.49%USD 27.482026-08-13
1 month+14.82%USD 24.772026-07-21
3 month-19.16%USD 35.182026-05-22
Year to date-24.9%USD 37.872025-12-31
1 year-54.78%USD 62.892025-08-20
Since inception-58.18%USD 68.002025-08-13

Bullish Financials at a Glance

Market Cap

$4.27BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$157.96B

Net Income (TTM)

-$1.38B

EPS (TTM)

-$9.13

P/E Ratio

-3.12

Dividend

$0.00

Beta (Volatility)

3.48 (High)

Price

$28.41

Volume

84,711.832

Open

$29.20

Previous Close

$28.44

Daily Range

$27.51 - $29.37

52-Week Range

$20.55 - $74.98

Estimated Earnings Date

Nov 18, 2026

BLSH News

Ethereum depicted as if it is real currency

Why Bullish Stock Zoomed Almost 12% Higher Today

Eric VolkmanMay 5, 2026
investor points stylus at digital financial chart.

Why Bullish Stock Is Bolting Higher This Week

Scott LevineFeb 13, 2026
GettyImages-1774415211

These 2 Cryptocurrency Stocks Are Riding Bitcoin's Record Highs

Emma NewberyOct 12, 2025
Bitcoins depicted as if real and material currency

Why Bullish Stock Leaped Almost 12% Higher on Thursday

Eric VolkmanOct 2, 2025
Person Concerned 1

Why Shares of Bullish Are Surging Today

Bram BerkowitzSep 18, 2025
Copy of red decline stocks down bear

Why Bullish Stock Plummeted Last Week

Keith NoonanSep 8, 2025
Bullish

Why Bullish (BLSH) Stock Is Skyrocketing Today

Johnny RiceAug 13, 2025

BLSH: Motley Fool Moneyball Superscore

59

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About Bullish

Bullish is a global digital asset platform that provides market infrastructure and information services. The company operates Bullish Exchange, a digital assets spot and derivatives exchange, and offers a suite of data and analytics services through CoinDesk.

Products and Services
  • Bullish Exchange for digital asset trading
  • CoinDesk Indices for tracking digital asset performance
  • CoinDesk Data for market insights and analytics
Growth Outlook
  • Revenue of $92.59 million in Q2 2026, showing potential for growth
  • Strong cash position with $329.96 million in cash and short-term investments
  • Current ratio of 23.52 indicates robust liquidity
Financial Highlights
  • Net income of -$270.19 million in Q2 2026, reflecting ongoing challenges
  • Trailing twelve months (TTM) revenue of $92.59 million, indicating a growing revenue base
  • Operating cash flow of $2.69 million in Q2 2026, showing operational efficiency
Bullish is positioned in the rapidly evolving digital asset market, providing essential services that cater to both retail and institutional investors. The company's focus on liquidity and market data positions it well for future growth, despite current financial challenges. The strong cash reserves and liquidity ratios suggest a solid foundation for navigating market fluctuations. Investors may find the company's innovative approach and market potential appealing as the digital asset landscape continues to expand.
AI Generated • Aug 19, 2026

Industry

Capital Markets

Sector

Financials

Employees

414

CEO

Thomas W. Farley, CFA

Website

www.bullish.com

Headquarters

George Town, GT 9005, KY

BLSH Financials

Key Financial Metrics (TTM)

Gross Margin

0.04%

Operating Margin

-0.00%

Net Income Margin

-0.87%

Return on Equity

-45.26%

Return on Capital

1.33%

Return on Assets

-44.57%

Earnings Yield

-32.05%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$4.27BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

150.30M

Volume

84.71K

Avg. Volume

1.64M

Financials (TTM)

Gross Profit

$62.51M

Operating Income

-$5.36M

EBITDA

-$1.10B

Operating Cash Flow

$33.22M

Capital Expenditure

-$3.14M

Free Cash Flow

$30.07M

Cash & ST Invst.

$329.96M

Total Debt

$518.15M

Bullish Performance Analysis

Bullish annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 191,313,000N/A
20232023-12-31USD 148,233,000-22.5%
20242024-12-31USD 213,025,00043.7%
20252025-12-31USD 286,093,00034.3%
Bullish sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-29.0%
Q42025-12-3154.6%
Q12026-03-31-19.5%
Q22026-06-30-99.8%
Bullish annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -18.87N/A
20232023-12-31USD 5.32N/A
20242024-12-31USD 0.34-93.6%
20252025-12-31USD -5.07N/A
Bullish sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-82.4%
Q42025-12-31-2884.6%
Q12026-03-31-6.4%
Q22026-06-3053.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$92.59M

-99.8%

Gross Profit

$65.13M

+36.6%

Gross Margin

70.35%

N/A

Market Cap

$4.27BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$10.33M

N/A

Employees

414

N/A

Net Income

-$270.19M

-351.3%

EBITDA

$8.15M

-93.5%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$329.96M

-41.5%

Total Debt

$518.15M

-12.5%

Accounts Receivable

$315.53M

-2.0%

Inventory

$139.13M

-40.0%

Long Term Debt

$511.63M

-0.5%

Short Term Debt

$6.52M

-91.6%

Return on Assets

-44.57%

N/A

Return on Invested Capital

-0.18%

N/A

Free Cash Flow

$2.06M

-87.7%

Operating Cash Flow

$2.69M

-84.2%

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Questions About BLSH

What is the current price of Bullish?

Bullish is trading at $28.44 per share.

What is the 52-week range for Bullish?

Over the past 52 weeks, Bullish has traded between $20.55 and $74.98.

How much debt does Bullish have?

As of the most recent reporting period, Bullish reported total debt of $518.15M.

How much cash does Bullish have on hand?

Bullish reported $103.72M in cash and cash equivalents in its most recent financial results.

What is Bullish’s dividend yield?

Bullish does not currently have a dividend yield.

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