BLSH

Bullish

21.31

Nov 06 • 3:59 PM ET +0.60 (2.90%)

21.48

Aftermarket • 5:13 PM ET +0.17 (0.77%)

Technology Software - Infrastructure Cayman Islands Mid NYSE

Nov 05, 12:21 PMBullish posts October 2026 trading metrics on volumes, spreads and BTC/ETH volatility on investor website

Peers: COIN GLXY GEMI ETOR BTGO HOOD CRCL VIRT CME IBKR

| Held by: ARKE ARKK ARKW ARKF BITQ DAPP BKCH BLOK STCE FDIG

Scroll to Statements

Index	-
Market Cap	3.20B
Enterprise Value	3.44B
Income	-1.38B
Sales	353.81M
Book/sh	16.07
Cash/sh	2.20
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	414
IPO	Aug 13, 2025

P/E	-
Forward P/E	24.18
PEG	0.40
P/S	9.05
P/B	1.33
P/C	9.71
P/FCF	49.87
EV/EBITDA	47.62
EV/Sales	9.71
Quick Ratio	22.41
Current Ratio	23.52
Debt/Eq	0.21
LT Debt/Eq	0.21
Option/Short	Yes / Yes

EPS (ttm)	-9.13
EPS next Y	0.88
EPS next Q	0.08
EPS this Y	49.91%
EPS next Y	93.66%
EPS next 5Y	60.55%
EPS past 3/5Y	35.47% -
Sales past 3/5Y	14.35% -
EPS Y/Y TTM	-
Sales Y/Y TTM	-
EPS Q/Q	-292.45%
Sales Q/Q	65.78%
Earnings	Nov 18 BMO
EPS/Sales Surpr.	7.65% 5.93%

Insider Own	74.44%
Insider Trans	-0.29%
Inst Own	39.70%
Inst Trans	5.46%
ROA	-43.56%
ROE	-55.73%
ROIC	-47.16%
Gross Margin	79.64%
Oper. Margin	18.09%
Profit Margin	-390.07%
SMA20	-22.05%
SMA50	-33.66%
SMA200	-33.28%
Trades

Shs Outstand	150.30M
Shs Float	38.42M
Short Float	18.07%
Short Ratio	4.77
Short Interest	6.94M
52W High	48.93 -56.45%
52W Low	20.06 6.23%
Volatility	9.26% 7.14%
ATR (14)	2.03
RSI (14)	28.90
Beta	1.15
Rel Volume	1.13
Avg Volume	1.46M
Volume	1,651,827

Perf Week	-10.84%
Perf Month	-32.16%
Perf Quarter	-13.16%
Perf Half Y	-51.19%
Perf YTD	-43.73%
Perf Year	-52.21%
Perf 3Y	-
Perf 5Y	-
Perf 10Y	-
Recom	2.14
Target Price	39.77
Prev Close	20.71
Price	21.31
Change %	2.90%

Consensus

Buy

Avg. Price Target

$39.77

Implied Upside

+86.6%

Analysts11incl. previous ratings

Rating Distribution5 Buy · 6 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Oct 02, 2026	Initiated	WWells Fargo	Equal Weight	$38	+78.3%
Sep 14, 2026	Upgrade	CCompass Point	Neutral → Buy	$51	+139.3%
May 15, 2026	Reiterated	CCantor Fitzgerald	Overweight	$39 → $43	+101.8%
Apr 09, 2026	Downgrade	RRosenblatt	Buy → Neutral	$39	+83.0%
Jan 15, 2026	Reiterated	RRosenblatt	Buy	$55 → $52	+144.0%
Nov 19, 2025	Upgrade	DDeutsche Bank	Hold → Buy	$52 → $51	+139.3%
Sep 15, 2025	Initiated	KKeefe Bruyette	Mkt Perform	$55	+158.1%
Sep 08, 2025	Initiated	RRosenblatt	Buy	$60	+181.6%
Sep 08, 2025	Initiated	JJP Morgan	Neutral	$50	+134.6%
Sep 08, 2025	Initiated	JJefferies	Hold	$49	+129.9%
Sep 08, 2025	Initiated	DDeutsche Bank	Hold	$51	+139.3%
Sep 08, 2025	Initiated	CCitigroup	Buy	$66	+209.7%
Sep 08, 2025	Initiated	CCantor Fitzgerald	Overweight	$56	+162.8%
Sep 08, 2025	Initiated	CCanaccord Genuity	Buy	$68	+219.1%
Sep 08, 2025	Initiated	BBernstein	Mkt Perform	$60	+181.6%
Sep 03, 2025	Initiated	CCompass Point	Neutral	$45	+111.2%

Nov-05-26 12:45PM	Bitcoin tumbles below $76,000 as post-election stock rally fades (Yahoo Finance) -10.46%
12:15PM	Bitcoin tumbles to $76,000 as post-election stock rally fades (Yahoo Finance)
06:45AM	Bullish releases October 2026 monthly metrics (GlobeNewswire)
Nov-03-26 08:29AM	Cathie Woods ARK Adds Coinbase, Circle and Robinhood, Trims Bullish, After Crypto Stock Slide (CryptoProwl)
05:43AM	Cathie Wood Buys COIN Stock After Post-Earnings Slide, Adds CRCL Shares Before Its Results (Stocktwits)
06:45AM	Loading…
Oct-28-26 06:45AM	Bullish to announce third quarter 2026 financial results (GlobeNewswire)
Oct-26-26 05:30PM	Issuer Sponsored Token Coalition gains momentum as QRT, Vertalo and zerohash join (GlobeNewswire)
Oct-19-26 01:12PM	Circle, Hyperliquid Buck The Trend as Most Crypto IPO Stocks Plunge (CryptoProwl) -7.02%
Oct-15-26 10:39AM	Citis Names Top Digital Asset Picks (Investing.com)
Oct-14-26 11:56AM	Wall Street Split On Robinhood Ahead Of Earnings Wells Fargo Cuts HOOD, BLSH Targets (Stocktwits)
Oct-06-26 06:45AM	Bullish releases September 2026 monthly metrics (GlobeNewswire)
Oct-05-26 09:50AM	Strive Expands Bitcoin Holdings With 2,000 BTC Purchase (CryptoProwl)
Sep-29-26 10:12AM	Crypto Stocks Rise With Bitcoin Above $84K Analysts Raise Riot, Robinhood Price Targets (Stocktwits)
Sep-28-26 03:18PM	Blockchain.com Is Said to Target $500 Million IPO This Year (Bloomberg)
Sep-24-26 04:05PM	Leading market infrastructure firms form Coalition to advance issuer-sponsored tokenized securities (GlobeNewswire) -5.32%
09:42AM	Loading…
Sep-22-26 09:42AM	Crypto's Next Catalyst Could Be Tokenized Stocks: Clear Street Raises Bullish, Coinbase Targets (Stocktwits)
Sep-18-26 06:01PM	Weekly Wrap: Bitcoin Climbs Back Above $80,000 (CryptoProwl) +9.83%
Sep-17-26 10:24AM	Securitize Surges After SEC Clears Path for Tokenized Stock Trading (The Wall Street Journal) +8.82%
09:35AM	Elemental Royalty redefines dividends with blockchain gold (InvestorsHub)
07:00AM	Elemental Royalty Declares Quarterly Dividend and XAUT Token Payment Alternative for Shareholders (Newsfile)
Sep-15-26 10:17AM	Bitcoin falls ahead of Senate Clarity Act cloture vote (Quartz) -5.74%
09:47AM	Investor Cathie Wood Sells Crypto Stocks As Prices Rally (CryptoProwl)
Sep-14-26 02:10PM	Bullish Stock Is Set to Win Whatever Happens to Crypto Law, Analyst Says (Barrons.com) +7.12%
09:45AM	Nike downgraded, Affirm upgraded: Wall Street's top analyst calls (The Fly)
09:16AM	COIN, BLSH Stocks Get Analyst Upgrades With Bitcoin Recovery, CLARITY Act Odds Lifting Crypto Outlook (Stocktwits)
Sep-09-26 03:00PM	AMC slams tokenized stocks: Why Kraken and Bullish are betting big anyway (CoinDesk)
Sep-08-26 06:45AM	Bullish releases August 2026 monthly metrics (GlobeNewswire)
Aug-31-26 06:51AM	The Smallest Bitcoin Treasury Stock Saw A Bigger August Than Strategy While GME Sits Out (Stocktwits)
Aug-28-26 10:59AM	Bullish Provides $100 Million to USD.AI for AI Chip Financing (CryptoProwl)
07:00AM	USD.AI Secures $100M Stablecoin Debt Facility From Bullish for GPU Financing (PR Newswire)
08:00AM	Loading…
Aug-26-26 08:00AM	Michael Saylor Faces Fresh Funding Threat on MSCI-Exit Risk (Bloomberg)
Aug-20-26 09:36AM	Crypto Stocks Soar Alongside Bitcoin As Rally Reignited (CryptoProwl) +5.65%
08:36AM	Circle, Strategy Lead Crypto Stocks Rally as Bitcoin Surges Above $71,000 (GuruFocus.com)
Aug-13-26 07:06PM	Bullish (BLSH) (Q2 2026) Earnings Call Highlights: Tokenization Milestone and Early U.S. ... (GuruFocus.com) +11.57% -11.24%
10:27AM	Bullish Swings to $280M Q2 Net Loss as Digital Asset Sales Fall 44% (CryptoProwl)
09:04AM	Bullish Tops Revenue Estimates, Losses Deepen Amid Crypto Downturn (Barrons.com)
06:45AM	Bullish reports second quarter 2026 results (GlobeNewswire)
05:33AM	Applied Materials headlines Thursday's earnings slate (MarketWatch)
Aug-12-26 05:55PM	Bullish launches tokenized equity trading (GlobeNewswire)
09:20AM	Bullish (BLSH) Q2 2026 Earnings Report Preview: What To Look For (GuruFocus.com)
Aug-06-26 06:45AM	Bullish releases July 2026 monthly metrics (GlobeNewswire)
Aug-04-26 04:26AM	SpaceXs First Earnings Offer a Chance to Reverse Stocks Plunge (Bloomberg)
Aug-02-26 02:33AM	Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit (99bitcoins)
Jul-31-26 11:03AM	Trillion Dollar Tokenization Opportunity: Equiniti CEO Dan Kramer, Live at Nasdaq (Exec Edge)
06:45AM	Bullish to announce second quarter 2026 financial results (GlobeNewswire)
Jul-30-26 12:35PM	Cathie Wood's Ark Invest Sells Bitmine While Adding to Coinbase and Circle Holdings (decrypt)
09:56AM	Investor Cathie Wood Buys Crypto Stocks As Prices Fall (CryptoProwl)
07:57AM	Ark Invest Rotates Within Crypto Equities, Adding Coinbase and Circle While Trimming Other Names (Cryptonews)
Jul-24-26 06:50AM	Siris to Acquire Equiniti's Retirement Solutions, Customer Resolutions and Lenvi Businesses (PR Newswire)
06:45AM	Bullish announces Siris to acquire non-core Equiniti business lines (GlobeNewswire)
Jul-13-26 06:45AM	Bullish appoints Thomas Cowan as Head of Tokenization (GlobeNewswire) -5.61%
Jul-10-26 07:00AM	A Month After SpaceX IPO, Teslas Stock Keeps Holding Its Ground (Bloomberg)
Jul-09-26 12:27PM	SEC pivots on crypto: Eased rules let startups win big on token launches (Yahoo Finance Video)
Jul-08-26 03:23PM	Bitcoin Stalls as Ethereum Flashes Worst Weekly Signal in Years: Analysis (decrypt)
09:28AM	Crypto Exchange Kraken Seeks Bank License In Europe (CryptoProwl)
04:29AM	Gemini Stock Leads Crypto IPO Losses With 89% Drop From Its Debut (BeInCrypto)
Jul-07-26 08:28AM	BLSH Stock Slips Despite Having Three Reasons To Beat The Downtrend (Stocktwits)
07:45AM	Tech Volatility Hits Highest Since Dot-Com Bust Next to S&P 500 (Bloomberg)
06:45AM	Bullish releases June 2026 monthly metrics (Business Wire)
02:28AM	SpaceX Shares Win Early Bullish Calls From Wall Street Brokers (Bloomberg)
Jul-03-26 07:06PM	Weekly Wrap: Crypto Recovers To Start Third Quarter (CryptoProwl)
07:05PM	Investor Cathie Wood Bought The Dip In Crypto Stocks (CryptoProwl)
Jul-01-26 09:04AM	Cathie Wood Doubles Down on AI, Loads Up on Tesla, Palantir, and SpaceX (GuruFocus.com) +7.68%
02:20AM	Cathie Wood's ARK Bought Over 200K SOFI Shares On Small Business Loan Launch Day: Analyst Says Don't Expect Quick Results (Stocktwits)
Jun-30-26 08:45AM	Cathie Woods ARK Buys More Coinbase, Circle And Bullish Shares While Cutting Alibaba, Baidu (Stocktwits)
Jun-29-26 11:43AM	Bullish Cracks Open Tokenized Securities Trading With Gibraltar Green Light A Regulated First (Stocktwits)
06:45AM	Bullish receives Gibraltar Financial Services Commission approval to offer trading in tokenized securities (Business Wire)
Jun-28-26 08:40AM	Bitcoin Has Had a Terrible 2026. What Can Make the Second Half of the Year Better? (Investopedia)
Jun-27-26 12:56PM	Cathie Wood's Ark Invest Resumes Buying Crypto Stocks After A Week-Long Pause (Stocktwits)
Jun-26-26 04:17PM	AI Rout Exposes Wall Streets $270 Billion Speculation Machine (Bloomberg) +6.44%
Jun-18-26 08:30PM	Elemental Royalty Declares Quarterly Dividend and Continues 'In Kind' Dividend XAUT Token Payment Alternative for Shareholders (Newsfile)
Jun-17-26 01:54PM	Billions in SpaceX IPO Arb Trades Rattle ETFs Including ARKK (Bloomberg) -8.09%
Jun-08-26 03:41PM	Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound (GuruFocus.com)
06:45AM	Bullish releases May 2026 monthly metrics (Business Wire)
Jun-02-26 05:32AM	Citis Chew Sees US Tech Stocks at Risk From Bullish Positioning (Bloomberg)
May-29-26 09:26AM	Crypto Trading Firm FalconX Files To Hold IPO (CryptoProwl)
May-28-26 01:00AM	Worlds Appetite for AI Makes China Less Afraid of Stronger Yuan (Bloomberg)
May-27-26 09:55AM	SOFI Stock Gains After SoFiUSD Stablecoin Rollout On Ethereum, Solana This Is What GENIUS Enabled, Says Crypto Council CEO (Stocktwits)
07:01AM	SoFi Launches Stablecoin to Consumers as Crypto Push Continues. Will People Use It? (Barrons.com)
May-26-26 09:13AM	Cathie Wood Is Dumping AMD and TSMC Stock. Here's What She's Buying Instead (GuruFocus.com)
May-23-26 10:48AM	Cathie Wood's ARK Sells Chip Giants, Buys The Dip In Crypto Exchange Bullish And Two Others (Stocktwits)
May-22-26 09:25AM	Cathie Woods Ark Invest Loads Up On Bullish Stock (CryptoProwl)
01:22AM	Blockchain.com Tests a Cold IPO Market After Kraken, Ledger Paused (BeInCrypto)
May-21-26 09:57AM	Blockchain.com Files Confidentially for US Public Offering (Bloomberg)
09:45AM	Blockchain.com Files Confidentially for IPO as Crypto Listings Regain Momentum (CryptoProwl)
May-20-26 06:00AM	Mesh joins Global Dollar Network to support USDG settlement (Electronic Payments)
May-18-26 09:22AM	Bullish (NYSE: BLSH) to Acquire Equiniti in $4.2 Billion Transaction (FinanceWire)
May-15-26 05:22PM	Weekly Wrap: Crypto Falls Alongside Stocks As Treasury Yields Spike (CryptoProwl) -9.63%
06:13AM	RBCs Calvasina Says 5% Yield Would Challenge US Stock Bulls (Bloomberg)
May-14-26 07:01PM	Bullish (BLSH) Q1 2026 Earnings Call Highlights: Transformative Acquisition and Robust Revenue ... (GuruFocus.com) -5.62%
09:34AM	Bullish Shares Slide After Quarterly Earnings and Revenue Miss (InvestorsHub)
09:12AM	Bullish Earnings Fall Short As Crypto Trading Weakens (CryptoProwl)
07:24AM	Bullish Stock Tumbles After Earnings. It's Still Up Since Last Year's IPO. (Barrons.com)
06:54AM	Bullish reports first quarter 2026 results (Business Wire)
04:52AM	Applied Materials headlines earnings slate (MarketWatch)
03:53AM	Stock Market Today: S&P 500 and Nasdaq eye fresh records, Dow called higher, as tech rallies and traders shrug off rising Treasury yields; Trump's China visit in focus; retail sales data on tap. (MarketWatch)
May-13-26 09:15AM	Earnings To Watch: Bullish (BLSH) Reports Q1 2026 Result (GuruFocus.com)
May-11-26 07:37AM	Circle raises $222M in Arc token presale from BlackRock, a16z (Quartz)
May-08-26 05:00PM	Weekly Wrap: Bitcoin Struggles To Stay Above $80,000 (CryptoProwl) +5.97%
May-07-26 07:34PM	Bullish Seeks CFTC Approval for U.S. Derivatives Exchange and Clearinghouse (CryptoProwl) -7.02%

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Bliss Andrew	Director	Sep 24 '26	Sale	40.10	100	4,010	4,794,773	Sep 28 05:54 PM
Bliss Andrew	Director	Sep 22 '26	Sale	40.79	108,200	4,413,056	4,854,849	Sep 23 09:30 PM
Bliss Andrew	Director	Sep 21 '26	Sale	40.20	76,953	3,093,888	4,963,049	Sep 23 09:30 PM
Bliss Andrew	Director	Sep 23 '26	Sale	40.22	59,976	2,412,031	4,794,873	Sep 23 09:30 PM
Bliss Capital Ltd	Affiliate	Sep 21 '26	Proposed Sale	38.34	260,000	9,968,400		Sep 21 04:56 PM
Farley Thomas W	Chief Executive Officer	May 11 '26	Sale	43.95	80,000	3,515,897	0	May 13 04:16 PM
Farley Thomas W	Chief Executive Officer	Apr 10 '26	Sale	36.41	80,000	2,912,819	4,923,386	Apr 13 04:05 PM
THOMAS FARLEY	Director	Feb 13 '26	Proposed Sale	31.71	320,000	10,147,200		Feb 13 04:25 PM
David Bonanno	Officer	Feb 13 '26	Proposed Sale	31.71	125,000	3,963,750		Feb 13 04:20 PM

Bullish engages in the management of a digital asset platform. It also offers market infrastructure and information services. The company was founded by Brendan Francis Blumer in 2020 and is headquartered in George Town, Cayman Islands.

CEO & ChairmanMr. Thomas W. Farley

Chief Financial OfficerMr. David Whalen Bonanno

Chief Operating OfficerMr. George Gaffney

Chief Accounting OfficerJose A. Torres

Chief Technology OfficerMr. Mothusi Majinda

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BLSH

Bullish

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