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Bullish

Technology US BLSH

27.88USD
0.92(3.41%)

Last update at 2026-06-08T18:09:00Z

Day Range

26.8428.46
LowHigh

52 Week Range

24.79118.00
LowHigh

Fundamentals

  • Previous Close 26.96
  • Market Cap6302.17M
  • Volume1121933
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-181.01000M
  • Revenue TTM237.24M
  • Revenue Per Share TTM1.86
  • Gross Profit TTM 237.24M
  • Diluted EPS TTM-5.99

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -786.41300M 84.57M 1301.47M -4244.68400M -1400.98400M
Minority interest 20.79M -1.03700M -0.84800M 0.00000M -
Net income -764.68100M 78.53M 1299.17M -4245.88400M -1401.24700M
Selling general administrative 182.19M 21.47M 13.58M 44.42M 93.01M
Selling and marketing expenses - 3.33M 1.73M 9.26M 6.67M
Gross profit 70.10M 5.28M -21.67200M -6.55500M -1043.46500M
Reconciled depreciation 7.07M 8.55M 5.42M 3.60M 0.47M
Ebit -148.58800M 123.10M 1304.45M -4121.95800M -1274.14900M
Ebitda -140.38900M 131.65M 1309.88M -4118.35700M -1273.67800M
Depreciation and amortization 8.20M 8.55M 5.42M 3.60M 0.47M
Non operating income net other - - - - -
Operating income -148.58800M 31.92M 10.21M 15.67M -1275.66000M
Other operating expenses 244915.27M 250231.33M 116497.29M 72879.61M 2597.22M
Interest expense 52.37M 38.53M 2.98M 122.73M 126.83M
Tax provision -0.94400M 5.00M 1.46M 1.20M 0.26M
Interest income - - 9.22M - 1.51M
Net interest income -52.36900M -38.52900M -2.98300M -122.72600M -125.32400M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.94M 5.00M 1.46M 1.20M 0.26M
Total revenue 244811.39M 250263.25M 116507.50M 72895.28M 1321.57M
Total operating expenses 218.69M -26.64200M -31.88300M -22.22400M 232.19M
Cost of revenue 244733.09M 250257.97M 116529.17M 72901.83M 2365.03M
Total other income expense net -637.82500M 52.65M 1291.26M -4260.35300M -125.32400M
Discontinued operations - - - - -
Net income from continuing ops -785.46900M 79.56M 1300.02M -4245.88400M -1401.24700M
Net income applicable to common shares - - - - -
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 3956.50M 3047.41M 1804.52M 3406.09M 7455.23M
Intangible assets 31.10M 53.34M 34.94M 1.34M 1.34M
Earning assets - - - - -
Other current assets 2642.53M 1909.16M 24.34M 219.33M 97.96M
Total liab 658.17M 646.75M 522.23M 1523.25M 1344.30M
Total stockholder equity 3227.96M 2389.68M 1281.45M 1882.84M 6110.93M
Deferred long term liab - - - - -
Other current liab 74.07M 44.59M 28.04M 1442.58M 135.84M
Common stock 5110.06M 3821.54M 3787.11M 3787.11M 3787.11M
Capital stock 0.30M 3821.54M 3787.11M 3787.11M 3787.11M
Retained earnings -2656.32500M -2309.05300M -2666.79700M -2212.65800M 2033.23M
Other liab - - - - -
Good will 63.06M 61.48M 40.23M 0.00000M -
Other assets - - - - -
Cash 104.73M 31.54M 112.90M 1383.58M 1234.77M
Cash and equivalents - - - - -
Total current liabilities 129.91M 85.05M 37.74M 1512.16M 172.42M
Current deferred revenue - 9.50M 4.57M - -
Net debt 496.73M 511.52M 327.50M -1369.44900M -1228.27600M
Short term debt 55.84M 29.25M 3.82M 3.22M 0.95M
Short long term debt 50.32M 25.00M - - -
Short long term debt total 601.46M 543.07M 440.40M 14.13M 6.50M
Other stockholder equity - 18.40M 18.40M 308.39M 290.60M
Property plant equipment - - - - -
Total current assets 3804.07M 2912.38M 1705.87M 3377.53M 7443.54M
Long term investments - - - - -
Net tangible assets - - - - -
Short term investments 404.14M 218.82M 254.77M 28.89M -
Net receivables 446.48M 178.98M 24.52M 87.46M 0.01M
Long term debt 510.87M 503.06M 428.91M - -
Inventory 206.18M 573.88M 1289.35M 1658.27M 6110.80M
Accounts payable - - 0.06M 66.08M 33.58M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 774.22M 858.80M 142.74M - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 24.18M 4.01M 5.92M 4.72M 0.27M
Deferred long term asset charges - - - - -
Non current assets total 152.44M 135.03M 98.65M 28.55M 11.69M
Capital lease obligations 19.90M 15.00M 11.49M 14.13M 6.50M
Long term debt total - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 23.59M -45.08400M 3.92M -1.28600M 1502.94M
Change to liabilities - - - - -
Total cashflows from investing activities - -45.08400M 3.92M -1.28600M 1502.94M
Net borrowings 23.93M 20.12M -675.02500M -2.29700M 31.18M
Total cash from financing activities 42.40M -0.98000M -1212.65200M -7.73200M -340.35500M
Change to operating activities - - - - -
Net income -764.68100M 79.56M 1300.02M -4245.88400M -1401.24700M
Change in cash -55.78300M -75.74300M -1335.39600M 185.91M 1041.64M
Begin period cash flow 55.78M 131.53M 1466.92M 1281.02M 239.38M
End period cash flow 130.50M 55.78M 131.53M 1466.92M 1281.02M
Total cash from operating activities 28.63M -29.97900M -126.66800M 194.93M -120.94600M
Issuance of capital stock 59.19M 0.00000M 0.00000M - 0.00000M
Depreciation 7.07M 8.55M 5.42M 3.60M 0.47M
Other cashflows from investing activities - -15.23500M 0.03M - 1505.03M
Dividends paid 0.00000M 0.00000M 534.64M 0.00000M 371.25M
Change to inventory 324.77M -49.34100M 139.19M 326.80M -23.70600M
Change to account receivables - -28.53400M 65.90M -83.59200M -
Sale purchase of stock - - - - -
Other cashflows from financing activities - -21.09600M -2.98300M -5.43500M -0.28500M
Change to netincome - - - - -
Capital expenditures 51.79M 3.71M 0.97M 1.29M 334.31M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 45.77M 13.08M -87.01800M 252.43M 65.89M
Stock based compensation 16.20M 22.59M 6.17M 17.79M 44.80M
Other non cash items 764.68M -153.75700M -1351.26100M 4166.99M 1169.14M
Free cash flow -23.15700M -33.69000M -127.63400M 193.64M -455.25600M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
BLSH
Bullish
0.92 3.41% 27.88 - 129.87 26.56 2.01 0.02
MSFT
Microsoft Corporation
-4.02 0.96% 412.65 37.32 29.94 13.03 12.45 13.06 24.59
ORCL
Oracle Corporation
-0.0999 0.05% 213.58 29.34 18.66 5.55 74.06 7.10 18.13
CRWD
Crowdstrike Holdings Inc
-12.26 1.83% 658.76 - 89.29 23.70 24.81 21.91 577.82
PANW
Palo Alto Networks Inc
-4.13 1.52% 267.92 44.57 45.05 11.98 20.70 11.82 77.11

Reports Covered

Stock Research & News

Profile

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.

Bullish

Office 101, 103, 105 Suite 70202, George Town, Cayman Islands, 9005

Key Executives

Name Title Year Born
Mr. Thomas W. Farley CEO & Chairman 1976
Mr. David Whalen Bonanno Chief Financial Officer 1981
Jose A. Torres Chief Accounting Officer NA
Liam Foley Director of Corporate Development NA
Mr. Chris Tyrer President of Bullish Exchange NA
Mr. Jay Yarow President of CoinDesk Insights NA
Michael Fedele Vice President of Finance NA

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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