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Bullish (BLSH)
NYSE:BLSH
BLSH Stock Chart & Stats
$45.52
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Market closed
$45.52
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Day’s Range― - ―
52-Week Range$34.24 - $118.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)2.16M
Market Cap
$6.86B
Enterprise Value$8.98B
Total Cash (Recent Filing)$1.63B
Total Debt (Recent Filing)$582.57M
Price to Earnings (P/E)―
Beta3.18
Next Earnings
Sep 23, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.10
Shares Outstanding150,683,750
10 Day Avg. Volume1,577,112
30 Day Avg. Volume2,164,745
Financial Highlights & Ratios
PEG Ratio-1.35
Price to Book (P/B)4.16
Price to Sales (P/S)0.04
P/FCF Ratio-295.06
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue0.04
Enterprise Value/Gross Profit3.67K
Enterprise Value/Ebitda-3.30K
Forecast
1Y Price Target
$54.80Price Target Upside20.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.23
Revenue Forecast (FY)$281.10M
Bulls Say, Bears Say
Bulls Say
Business Model ExpansionBullish made stellar progress in terms of business model expansion and innovative strategies around TAM expansion while delivering stellar margins.
Crypto Options GrowthThe initial launch of the Bullish crypto options platform surpassed $1B in trading volume, indicating an attractive growth area as the broader asset class matures.
U.S. Market EntryBullish successfully launched its US spot trading business backed by its NY BitLicense with several US-based customers already actively being onboarded.
Bears Say
Execution RisksThere are lingering execution risks around the U.S. buildout for Bullish.
Revenue Growth DecelerationExcluding IPO proceeds stablecoin promotion revenue, Liquidity Service revenue would seem to be showing a deceleration in revenue growth.
Transaction Revenue ShortfallTransaction revenue for Bullish was below expectations, presenting a short-term headwind.
Bullish News
BLSH FAQ
What was Bullish’s price range in the past 12 months?
Bullish lowest stock price was $34.24 and its highest was $118.00 in the past 12 months.
What is Bullish’s market cap?
Bullish’s market cap is $6.86B.
When is Bullish’s upcoming earnings report date?
Bullish’s upcoming earnings report date is Sep 23, 2026 which is in 273 days.
How were Bullish’s earnings last quarter?
Bullish released its earnings results on Nov 19, 2025. The company reported $0.1 earnings per share for the quarter, missing the consensus estimate of $0.103 by -$0.003.
Is Bullish overvalued?
According to Wall Street analysts Bullish’s price is currently Undervalued.
Does Bullish pay dividends?
Bullish does not currently pay dividends.
What is Bullish’s EPS estimate?
Bullish’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Bullish have?
Bullish has 150,683,750 shares outstanding.
What happened to Bullish’s price movement after its last earnings report?
Bullish reported an EPS of $0.1 in its last earnings report, missing expectations of $0.103. Following the earnings report the stock price went down -3.628%.
Which hedge fund is a major shareholder of Bullish?
Currently, no hedge funds are holding shares in BLSH
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Bullish Stock Smart Score
Company Description
Bullish
Bullish provides market infrastructure and information services in United States. It 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. The company also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; 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, operates Coindesk.com, a leading digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. Bullish was founded in 2020 and is based in George Town, Cayman Islands.
BLSH Company Deck
BLSH Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
Bullish demonstrated strong financial performance with record revenues and significant progress in options trading and liquidity services. However, some challenges remain, including flat Q4 SS&O revenue guidance and a slow onboarding process for U.S. customers.View all BLSH earnings summariesBLSH Stock 12 Month Forecast
Average Price Target
$54.80
▲(20.39% Upside)
Technical Analysis
Ownership Overview
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Insiders
2.76% Mutual Funds
7.22% Other Institutional Investors
85.91% Public Companies and Individual Investors