Latest market price
23.90
-4.57-16.05%
OverviewShort InterestFilings
BLSHQT46Bullish·NYSE
23.90-16.05%
News
Down 16.1% — Reported Earlier, Twenty One Completes Business Combination With Cantor Equity Partners And Lists On NYSE Under "XXI" With Over 43,500 Bitcoin (Benzinga).
Medium confidence
TA
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Signal & projected range
Gap down — mean-reversionHistorical pattern — not a prediction
Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)
Horizon
0%Past 3 monthsToday
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Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Unlock with Premium to see the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands of historical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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LIF-2.31%$44.44FSLY-9.83%$23.12SRAD-1.64%$12.03FRSH-1.93%$14.72NATL+0.24%$45.82AGYS-0.05%$115.80DAVE-5.38%$316.79MNDY+0.87%$95.60
Snapshot
Index—P/E—EPS (ttm)-9.12Insider Own—Shs Outstand151.65MPerf Week-15.28%
Market Cap3.62BForward P/E27.04EPS next Y0.88Insider Trans-0.37%Shs Float38.42MPerf Month-31.30%
Enterprise Value3.81BPEG—EPS next Q0.08Short Float18.07%Perf Quarter4.23%
Income-1.38BP/S0.02EPS this Y83.29%Short Ratio4.69Perf Half Y-39.22%
Sales157.96BP/B1.47EPS next Y96.07%ROA-44.57%Short Interest6.94MPerf YTD-36.89%
Book/sh16.22P/C10.98EPS next 5Y79.14%ROE-45.26%52W High51.95 -53.99%Perf Year-54.54%
Cash/sh2.18P/FCF37.36EPS past 3/5Y—ROIC-0.18%52W Low20.55 16.30%Perf 3Y—
Dividend Est.—EV/EBITDA—Sales past 3/5Y49.79% —Gross Margin0.04%Volatility6.29% 6.41%Perf 5Y—
Dividend TTM—EV/Sales0.02EPS Y/Y TTM—Oper. Margin-0.00%ATR (14)2.16Perf 10Y—
Dividend Ex-Date—Quick Ratio22.41Sales Y/Y TTM-39.05%Profit Margin-0.87%RSI (14)30.30Recom2.40
Dividend Gr. 3/5Y—Current Ratio23.52EPS Q/Q300.00%SMA20-20.29%Beta2.95Target Price44.00
Payout0.00%Debt/Eq0.21Sales Q/Q-99.84%SMA50-27.81%Rel Volume1.80Prev Close28.47
Employees414LT Debt/Eq0.21EarningsNov 18SMA200-26.10%Avg Volume1.41MPrice23.90
IPO DateAug 13, 2025Option/ShortYes / YesEPS/Sales Surpr.14.20% 5.93%Net Debt/EBITDA—Volume2,529,418Change-16.05%
Analyst Ratings
DateActionAnalystRatingTarget
Oct-14-26ReiteratedWells FargoEqual Weight$38 → $35
Oct-01-26InitiatedWells FargoEqual Weight$38
Sep-21-26ReiteratedUBS$37 → $43
Sep-14-26UpgradeCompass PointNeutral → Buy$51
Aug-17-26ReiteratedCanaccord GenuityBuy$50 → $45
Aug-14-26ReiteratedRosenblattNeutral$30
May-15-26ReiteratedDeutsche BankBuy$63 → $61
May-15-26ReiteratedCantor FitzgeraldOverweight$59 → $43
Apr-09-26DowngradeRosenblattBuy → Neutral
Jan-06-26ReiteratedBernstein$60 → $50
Latest News· Times ET
Oct-30-26
Oct-30-2606:54AM
Reported Earlier, Twenty One Completes Business Combination With Cantor Equity Partners And Lists On NYSE Under "XXI" With Over 43,500 BitcoinBenzinga
Oct-28-26
Oct-28-2604:31PM
Cardano’s Midnight Is a Separate Blockchain, Not a Layer 2. Does It Help or Hurt ADA?247wallst.com
06:45AM
Bullish to announce third quarter 2026 financial resultsglobenewswire.com
Oct-26-26
Oct-26-2605:30PM
Issuer Sponsored Token Coalition gains momentum as QRT, Vertalo and zerohash joinglobenewswire.com
Oct-21-26
Oct-21-2609:00AM
October Capital Formed with Dedicated Focus on Services Businessesglobenewswire.com
Oct-20-26
Oct-20-2604:03PM
Leverage Shares Is Shutting Down 13 Single-Stock Leveraged ETFs. None Drew Enough Money to SurviveYahoo
Oct-15-26
Oct-15-2604:29PM
Founders Fund, Pantera and Bullish bet $5M on Anvil’s governance tokenYahoo
Oct-13-26
Oct-13-2608:50AM
Bullish: A Strategic Bet On Tokenization (Rating Upgrade)seekingalpha.com
Oct-09-26
Oct-09-2612:10PM
JPMorgan forecasts $50B in crypto inflows this yearYahoo
Oct-06-26
Oct-06-2606:45AM
Bullish releases September 2026 monthly metricsglobenewswire.com
Oct-05-26
Oct-05-2609:50AM
Strive Expands Bitcoin Holdings With 2,000 BTC PurchaseYahoo
Oct-02-26
Oct-02-2606:15AM
Head to Head Comparison: Bullish (NYSE:BLSH) vs. Hennessy Advisors (NASDAQ:HNNA)defenseworld.net
Sep-29-26
Sep-29-2604:40AM
Keefe, Bruyette & Woods Maintains Market Perform on Bullish, Lowers Price Target to $40Benzinga
Sep-28-26
Sep-28-2603:29AM
Critical Contrast: Bullish (NYSE:BLSH) and CaliberCos (NASDAQ:CWD)defenseworld.net
Sep-25-26
Sep-25-2612:27PM
Bullish Stock Slides Friday: What's Happening?benzinga.com
Company

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.

Ownership

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements
DataTimeframe
Line Item (USD, M)
TTM
—
FY 2025
12/31/2025
FY 2024
12/31/2024
FY 2023
12/31/2023
FY 2022
12/31/2022
FY 2021
12/31/2021
FY 2020
12/31/2020
Total Revenue157,957244,970250,263116,508———
Cost of Goods Sold Incl. D&A157,894244,896250,258116,529———
Gross Profit63745-22———
Selling, General and Administrative Excl. Other99542515———
Research and Development
0000———
Other Operating Expense-30-31-52-47———
Operating Income-6513210———
Interest Expense5352393———
Unusual Expense
———————
Non-Operating Income (Expense)-1,374-785911,294———
Net Income Before Taxes-1,432-786851,301———
Income Taxes-2-151———
Consolidated Net Income-1,381-765791,299———
Net Income From Continuing Operations-1,431-785801,300———
Net Income-1,381-765791,299———
EPS (Recurring)-9.11-5.990.548.89———
EPS (Basic, Before Extraordinaries)-9.11-5.990.548.89———
EPS (Diluted)-9.12-5.990.548.89———
EBITDA-1,095-7261321,310———
Other After Tax Adjustments
———————
Stock Option Compensation Expense
———————
Price To Earnings Ratio
———————
Price To Sales Ratio0.020.02—————
Gross Margin0.040.030.00-0.02———
Operating Margin-0.000.020.010.01———
Net Margin-0.87-0.310.031.11———
Shares Outstanding151128146146———
Market Capitalization3,6094,847—————
Operating Lease Expense
———————
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Insider Trading Volume
$78.17$62.24$46.30$30.37$14.44● Close Price0.00M2.48M4.96M7.44M9.92MUSD Trades VolumeNovDec2026FebMarAprMayJunJulAugSepOctNov
Insider Trading
InsiderRelationshipDateTransactionCost#SharesValue ($)#Shares TotalSEC Form 4
Bliss AndrewDirectorSep 24 '26Sale40.101004,0104,794,773Sep 28
Bliss AndrewDirectorSep 23 '26Sale40.2259,9762,412,0314,794,873Sep 23
Bliss AndrewDirectorSep 22 '26Sale40.79108,2004,413,0564,854,849Sep 23
Bliss AndrewDirectorSep 21 '26Sale40.2076,9533,093,8884,963,049Sep 23
Farley Thomas WChief Executive OfficerMay 11 '26Sale43.9580,0003,515,8970May 13
Farley Thomas WChief Executive OfficerApr 27 '26Option Exercise0.0080,000080,000May 13
Farley Thomas WChief Executive OfficerApr 02 '26Option Exercise0.0080,00004,973,528May 13
Farley Thomas WChief Executive OfficerMay 05 '26Sale0.0049404,973,281May 06
Farley Thomas WChief Executive OfficerApr 10 '26Sale36.4180,0002,912,8204,923,386Apr 13
Blumer Brendan FrancisDirector, 10% OwnerApr 02 '26Option Exercise11.107,81386,7240Apr 06
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QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.