BLSH — Bullish stock price, charts and financials

NYSE·Technology·Software - Application·Cayman Islands

Latest market price

34.91

+2.83+8.82%

Overview Short InterestFilings

BLSHQT67Bullish·NYSE

Overview Short InterestFilings

34.91+8.82%

Analyst

Up 8.8% — Compass Point upgraded to Buy, price target $51.

High confidence

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Signal & projected range

Analyst upgradeHistorical pattern — not a prediction

Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)

Horizon

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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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NIQ+0.67%$17.95 NAVN-1.78%$22.13 TTAN-7.53%$54.25 DLB-2.16%$57.47 OCTV+1.42%$18.53 OTEX+0.51%$23.52 DAVE-2.55%$356.49 LYFT-1.21%$15.50

Snapshot

Index	-	P/E	-	EPS (ttm)	-9.12	Insider Own	-	Shs Outstand	151.65M	Perf Week	3.04%

Market Cap	5.29B	Forward P/E	41.45	EPS next Y	0.84	Insider Trans	-0.20%	Shs Float	37.56M	Perf Month	41.80%

Enterprise Value	5.48B	PEG	-	EPS next Q	0.08	Inst Own	-	Short Float	5.65%	Perf Quarter	46.31%

Income	-1.38B	P/S	0.03	EPS this Y	104.88%	Inst Trans	-	Short Ratio	5.12	Perf Half Y	-8.80%

Sales	157.96B	P/B	2.15	EPS next Y	89.07%	ROA	-44.57%	Short Interest	8.56M	Perf YTD	-7.82%

Book/sh	16.22	P/C	16.04	EPS next 5Y	77.29%	ROE	-45.26%	52W High	74.98 -53.44%	Perf Year	-32.03%

Cash/sh	2.18	P/FCF	54.91	EPS past 3/5Y	-	ROIC	-0.18%	52W Low	20.55 69.88%	Perf 3Y	-

Dividend Est.	-	EV/EBITDA	-	Sales past 3/5Y	49.79% -	Gross Margin	0.04%	Volatility	8.92% 6.71%	Perf 5Y	-

Dividend TTM	-	EV/Sales	0.03	EPS Y/Y TTM	-1788.89%	Oper. Margin	-0.00%	ATR (14)	2.43	Perf 10Y	-

Dividend Ex-Date	-	Quick Ratio	22.41	Sales Y/Y TTM	-36.88%	Profit Margin	-0.87%	RSI (14)	57.60	Recom	2.25

Dividend Gr. 3/5Y	-	Current Ratio	23.52	EPS Q/Q	300.00%	SMA20	3.91%	Beta	2.91	Target Price	46.00

Payout	0.00%	Debt/Eq	0.17	Sales Q/Q	-99.84%	SMA50	25.59%	Rel Volume	0.95	Prev Close	32.08

Employees	414	LT Debt/Eq	0.16	Earnings	Nov 18	SMA200	3.12%	Avg Volume	1.59M	Price	34.91

IPO Date	Aug 13, 2025	Option/Short	Yes / Yes	EPS/Sales Surpr.	14.20% 5.93%	Net Debt/EBITDA	-0.38	Volume	1,508,288	Change	8.82%

Analyst Ratings

Date	Action	Analyst	Rating	Target
Sep-14-26	Upgrade	Compass Point	Neutral → Buy	$51
Aug-17-26	Reiterated	Canaccord Genuity	Buy	$50 → $45
Aug-14-26	Reiterated	Rosenblatt	Neutral	$30
May-15-26	Reiterated	Deutsche Bank	Buy	$63 → $61
May-15-26	Reiterated	Cantor Fitzgerald	Overweight	$59 → $43
Apr-09-26	Downgrade	Rosenblatt	Buy → Neutral
Jan-06-26	Reiterated	Bernstein		$60 → $50
Nov-24-25	Reiterated	Canaccord Genuity	Buy	$68 → $50
Nov-19-25	Upgrade	Deutsche Bank	Hold → Buy
Nov-11-25	Upgrade	Clear Street	Hold → Buy

Latest News· Times ET

Sep-17-26

Sep-17-2603:00AM

Elemental Royalty Declares Quarterly Dividend and XAUT Token Payment Alternative for Shareholdersnewsfilecorp.com

Sep-16-26

Sep-16-2601:50PM

Why Did Bullish Stock Fall Today?fool.com

Sep-15-26

Sep-15-2603:16PM

Cathie Wood dumps $65 million in crypto ahead of CLARITY voteYahoo

Sep-09-26

Sep-09-2603:00PM

AMC slams tokenized stocks: Why Kraken and Bullish are betting big anywayYahoo

Sep-08-26

Sep-08-2602:45AM

Bullish releases August 2026 monthly metricsglobenewswire.com

Sep-03-26

Sep-03-2609:47AM

Wall Street Rallies as Fed’s Waller Hints at September Rate Hold: Stock Market TodayBenzinga

Aug-28-26

Aug-28-2605:24AM

Bullish (BLSH) Price Target Decreased by 10.80% to 42.13Fintel

03:00AM

USD.AI Secures $100M Stablecoin Debt Facility From Bullish for GPU Financingprnewswire.com

Aug-21-26

Aug-21-2606:45AM

Reported Earlier, Bakkt Reports FY2025 GAAP Revenue Of $2.3B, Down 32.1% YoY, As Company Completes Restructuring And Pivots To Digital Financial InfrastructureBenzinga

Aug-18-26

Aug-18-2605:51AM

Do Options Traders Know Something About Bullish Stock We Don't?zacks.com

Aug-15-26

Aug-15-2611:49PM

Bullish (NYSE:BLSH) & FS KKR Capital (NYSE:FSK) Head-To-Head Contrastdefenseworld.net

Aug-14-26

Aug-14-2609:06AM

Bullish Is Pulling Away From Crypto Peers, Analyst Says — but a Brutal July Spoils the Partybenzinga.com

Aug-13-26

Aug-13-2601:05PM

Bullish Q2 Earnings Call Highlightsmarketbeat.com

10:37AM

Bullish (BLSH) Q2 2026 Earnings Call Transcriptseekingalpha.com

07:37AM

Bullish CEO Tom Farley explains why he favors Clarity Actyoutube.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 Revenue	157,957	244,970	250,263	—	—	—	—
Cost of Goods Sold Incl. D&A	157,894	244,896	250,258	—	—	—	—
Gross Profit	63	74	5	—	—	—	—
Selling, General and Administrative Excl. Other	99	54	25	—	—	—	—
Research and Development	0	0	0	—	—	—	—
Other Operating Expense	-30	-31	-52	—	—	—	—
Operating Income	-6	51	32	—	—	—	—
Interest Expense	53	52	39	—	—	—	—
Unusual Expense	—	—	—	—	—	—	—
Non-Operating Income (Expense)	-1,374	-785	91	—	—	—	—
Net Income Before Taxes	-1,432	-786	85	—	—	—	—
Income Taxes	-2	-1	5	—	—	—	—
Consolidated Net Income	-1,381	-765	79	—	—	—	—
Net Income From Continuing Operations	-1,431	-785	80	—	—	—	—
Net Income	-1,381	-765	79	—	—	—	—
EPS (Recurring)	-9.11	-5.99	0.54	—	—	—	—
EPS (Basic, Before Extraordinaries)	-9.11	-5.99	0.54	—	—	—	—
EPS (Diluted)	-9.12	-5.99	0.54	—	—	—	—
EBITDA	-1,095	-726	132	—	—	—	—
Other After Tax Adjustments	—	—	—	—	—	—	—
Stock Option Compensation Expense	—	—	—	—	—	—	—
Price To Earnings Ratio	—	—	—	—	—	—	—
Price To Sales Ratio	0.03	0.02	—	—	—	—	—
Gross Margin	0.04	0.03	0.00	—	—	—	—
Operating Margin	-0.00	0.02	0.01	—	—	—	—
Net Margin	-0.87	-0.31	0.03	—	—	—	—
Shares Outstanding	151	128	146	—	—	—	—
Market Capitalization	5,271	4,847	—	—	—	—	—
Operating Lease Expense	—	—	—	—	—	—	—

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Insider Trading Volume

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Farley Thomas W	Chief Executive Officer	May 11 '26	Sale	43.95	80,000	3,515,897	0	May 13
Farley Thomas W	Chief Executive Officer	Apr 27 '26	Option Exercise	0.00	80,000	0	80,000	May 13
Farley Thomas W	Chief Executive Officer	Apr 02 '26	Option Exercise	0.00	80,000	0	4,973,528	May 13
Farley Thomas W	Chief Executive Officer	May 05 '26	Sale	0.00	494	0	4,973,281	May 06
Farley Thomas W	Chief Executive Officer	Apr 10 '26	Sale	36.41	80,000	2,912,820	4,923,386	Apr 13
Blumer Brendan Francis	director, 10 percent owner:	Apr 02 '26	Option Exercise	11.10	7,813	86,724	0	Apr 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.