BLSH logo

BULLISH

BLSHNYSE
πŸ† #1257 by market capEarnings Nov 18US Equity
$35.68β–Ό $0.31 (βˆ’0.86%)
πŸŒ™ After hours$36.15β–² 1.32%Regular close Β· extended-hours price shown
πŸ””
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24hβ–Ό 0.9%
7dβ–Ό 12.3%
14dβ–² 0.5%
30dβ–² 8.4%
ytdβ–Ό 5.8%
1yβ–Ό 42.7%
🏦Market Cap
$5.41B
Small Cap
πŸ“ˆRevenue Growth (YoY)
-2.1%
Declining
πŸ“ŠGross Margin
0.0%
Thin
πŸ’΅FCF Margin
0.1%
Thin
βš–οΈP/S Ratio
0.0x
Cheap
Otter Score
64
Fair

Trading Snapshot

Day Range
$35.30 – $36.17
52-Week Range
$20.55 – $70.50
Volume
$3.03B
Avg Volume
$2.69B
Shares Outstanding
151.6M
Next Earnings
Nov 15, 2026

Fundamentals Snapshot

Annual Revenue
$244.97B
Last Q Revenue
$93M
P/E Ratio
-4.0
P/S Ratio
0.0x
EPS (TTM)
$-9.11
Dividend Yield
0.00%
Dilution (1yr)
+3.2%

Why Investors Own BLSH

  • βœ“High-growth profile β€” revenue up +11.2% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 61% gross margin and 29% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

BLSH logo

BULLISH

BLSH
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$245.0Bβ–Ό βˆ’2.1% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
0.0%β–² +1333.4% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$51Mβ–² +58.7% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
βˆ’$23Mβ–Ό βˆ’31.3% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
150.9Mβ–² +3.2% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$493Mβ–² +$18M YoY
StockOtter Β· stockotter.space

About BULLISH

Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. It also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets to leading traditional finance institutions, including exchanges and asset managers; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights offers news, analysis, information, conferences and networking opportunities related to digital assets, blockchain technology and the broader financial technology industry. Bullish was founded in 2020 and is based in George Town, Cayman Islands.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Fair
64/100

Analyst Price Target

β“˜
Average Target
$46.09
β–² +29.2% Upside
High Target$52.45
Low Target$34.45
Based on 22 analysts

Latest News & Updates

Defense WorldΒ·1d ago

Critical Contrast: Bullish (NYSE:BLSH) and CaliberCos (NASDAQ:CWD)

Bullish (NYSE: BLSH - Get Free Report) and CaliberCos (NASDAQ: CWD - Get Free Report) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their pr

BenzingaΒ·4d ago

Bullish Stock Slides Friday: What's Happening?

Bullish (NYSE:BLSH) shares are trading lower Friday afternoon as investors digest the long-term monetization timeline of the company's newly announced blockchain equity initiative.

GlobeNewsWireΒ·5d ago

Leading market infrastructure firms form Coalition to advance issuer-sponsored tokenized securities

GEORGE TOWN, Cayman Islands, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE:BLSH) and Equiniti today announced the formation of theΒ Issuer Sponsored Token Coalition, a multi-stakeholder industry working group bringing

Newsfile CorpΒ·12d ago

Elemental Royalty Declares Quarterly Dividend and XAUT Token Payment Alternative for Shareholders

Denver, Colorado--(Newsfile Corp. - September 17, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly

Fool - Investing NewsΒ·13d ago

Why Did Bullish Stock Fall Today?

Washington is weighing on BLSH.

GlobeNewsWireΒ·21d ago

Bullish releases August 2026 monthly metrics

GEORGE TOWN, Cayman Islands, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its mo