Bullish
Exchange: NYSESector: TechnologyIndustry: Software - Infrastructure
Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in the United States, European Union, Hong Kong, and Gibraltar. 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 broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.
Did you know?
Currently operating at a negative 0.3% profit margin.
Current Price
$39.32
+4.21%GoodMoat Value
$0.67
98.3% overvaluedProfile
Valuation (TTM)
Market Cap$5.75B
P/E-7.13
EV—
P/B1.79
Shares Out146.18M
P/Sales0.02
Revenue$244.96B
EV/EBITDA—
Bullish (BLSH) Stock Analysis
Market Cap$5.75B
Current Price$39.32
P/E Ratio-7.13
Forward P/E—
PEG Ratio0.02
EPS$-5.99
Book Value$22.00
P/B Ratio1.79
BLSH Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -50.0% FCF growth (CAGR)
Cash vs Debt
Net Debt: 476M
Revenue
72.9B
FY22
116.5B
FY23
250.2B
FY24
245.0B
FY25
Net Income
—
FY22
1.3B
FY23
81M
FY24
—
FY25
BLSH 52-Week Range
$24.90
$74.63
50-Day MA: $37.26200-Day MA: —
Did you know?
Trading 98% above its estimated fair value of $0.67.
Bullish (BLSH) Financial Summary
Bullish (BLSH) is a Technology company in the Software - Infrastructure industry, listed on NYSE. The stock currently trades at $39.32 with a market capitalization of $5.75B.
Key valuation metrics include a P/E ratio of -7.13, price-to-book ratio of 1.79, and EPS of $-5.99. The company reports a profit margin of -0.3% and return on equity of -25.1%.
BLSH Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $5.75B |
| P/E Ratio | -7.13 |
| EPS | $-5.99 |
| P/B Ratio | 1.79 |
| P/S Ratio | 0.02 |
| Profit Margin | -0.3% |
| Return on Equity | -25.1% |
| Debt/Equity | 0.18 |
BLSH Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY22 | $72.90B | $-4.25B |
| FY23 | $116.51B | $1.30B |
| FY24 | $250.25B | $80.60M |
| FY25 | $244.96B | $-806.26M |
Bullish (BLSH) Valuation
Based on GoodMoat's DCF model, Bullish has a fair value estimate of $0.67. At the current price of $39.32, the stock appears 5806.3% overvalued relative to our intrinsic value estimate.
BLSH Quality Indicators
Bullish maintains a profit margin of -0.3% and an operating margin of -0.0%. Return on equity stands at -25.1%. The current ratio is 29.28. Debt-to-equity ratio is 0.18.
About Bullish
Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in the United States, European Union, Hong Kong, and Gibraltar. 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 broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.
BLSH Free Cash Flow
Bullish generated $18.70M in trailing twelve-month free cash flow, representing an FCF yield of 0.33%. This low FCF yield may reflect heavy reinvestment or growth spending.
BLSH Shares Outstanding
Bullish has 0.15 billion shares outstanding at a share price of $39.32, giving it a market capitalization of $5.75B.