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Bullish (BLSH)
NYSE:BLSH
BLSH Stock Chart & Stats
$30.20
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Market closed
$30.20
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Day’s Range― - ―
52-Week Range$29.93 - $118.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.53M
Market Cap
$4.55B
Enterprise Value$5.06B
Total Cash (Recent Filing)$1.63B
Total Debt (Recent Filing)$582.57M
Price to Earnings (P/E)―
Beta2.74
Next Earnings
Feb 05, 2026EPS Estimate
0.15Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.10
Shares Outstanding150,683,750
10 Day Avg. Volume2,049,498
30 Day Avg. Volume1,534,252
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 Cap1.11
Enterprise Value/Revenue0.02
Enterprise Value/Gross Profit2.07K
Enterprise Value/Ebitda-1.86K
Forecast
1Y Price Target
$53.00Price Target Upside75.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.67
Revenue Forecast (FY)$379.42M
Bulls Say, Bears Say
Bulls Say
Liquidity Services ExpansionAnalyst notes expansion in liquidity services supports trading-related revenue and could drive transaction growth as demand for stablecoin and tokenization services increases.
Options Platform TractionAnalyst reports the crypto options platform surpassed $1 billion in trading volume with multiple trading partners, signaling early product traction and a potential new growth channel.
US Market Entry And Regulatory ClearanceAnalyst highlights the launch of US spot trading under a New York BitLicense with US customers onboarding, opening a regulated US addressable market and new revenue opportunities.
Bears Say
Maturity And Execution RiskAnalyst views the company as at a critical point of maturity where execution missteps or slower institutional adoption could undermine growth expectations and investor confidence.
Revenue Growth QualityAnalyst warns Liquidity Services revenue looks to be decelerating once IPO-related stablecoin promotion income is excluded, raising questions about underlying organic growth.
Valuation Versus ScaleAnalyst expresses concern that the business remains subscale relative to its opportunity, which makes the current valuation appear rich and keeps analysts cautious.
Bullish News
BLSH FAQ
What was Bullish’s price range in the past 12 months?
Bullish lowest stock price was $29.93 and its highest was $118.00 in the past 12 months.
What is Bullish’s market cap?
Bullish’s market cap is $4.55B.
When is Bullish’s upcoming earnings report date?
Bullish’s upcoming earnings report date is Feb 05, 2026 which is in 2 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 is 0.15.
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
$53.00
▲(75.50% Upside)
Technical Analysis
Ownership Overview
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Insiders
3.58% Mutual Funds
7.22% Other Institutional Investors
84.77% Public Companies and Individual Investors