Bullish (BLSH)

NYSE: BLSH · Real-Time Price · USD
39.26
+1.39 (3.67%)
At close: Jan 2, 2026, 4:00 PM EST
39.80
+0.54 (1.38%)
Pre-market: Jan 5, 2026, 8:43 AM EST
3.67%
Market Cap5.92B
Revenue (ttm)198.80M
Net Income (ttm)-61.05M
Shares Out 150.68M
EPS (ttm)-0.52
PE Ration/a
Forward PE57.94
Dividendn/a
Ex-Dividend Daten/a
Volume1,548,261
Open38.44
Previous Close37.87
Day's Range38.03 - 39.77
52-Week Range34.25 - 118.00
Betan/a
AnalystsBuy
Price Target53.91 (+37.32%)
Earnings DateNov 19, 2025

About BLSH

Bullish provides market infrastructure and information services in United States. It 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. The company also offers 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,... [Read more]

Sector Technology
IPO Date Aug 13, 2025
Employees 400
Stock Exchange NYSE
Ticker Symbol BLSH
Full Company Profile

Financial Performance

In 2024, Bullish's revenue was $158.48 million, an increase of 79.51% compared to the previous year's $88.28 million. Earnings were $78.53 million, a decrease of -93.96%.

Financial Statements

Analyst Summary

According to 12 analysts, the average rating for BLSH stock is "Buy." The 12-month stock price target is $53.91, which is an increase of 37.32% from the latest price.

Price Target
$53.91
(37.32% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Crypto equities fall harder than tokens as bitcoin and altcoins slide

CNBC's MacKenzie Sigalos reports on bitcoin and major altcoins trading lower as tax-loss selling and thin holiday conditions weigh on prices, with crypto-aligned stocks falling harder than the spot ma...

Other symbols: COINCRCLETOR
12 days ago - CNBC Television

Bullish releases November 2025 monthly metrics

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metri...

4 weeks ago - Business Wire

Bitcoin's volatility is 'here for a long time,' says former NYSE President Farley

Tom Farley, Bullish CEO and former NYSE president, joins CNBC's 'Squawk on the Street' to discuss Bitcoin's volatility, crypto's security and more.

4 weeks ago - CNBC Television

BLSH CEO Tom Farley on Earnings and Bitcoin Outlook

Bullish (BLSH) CEO Tom Farley joins Diane King Hall to discuss the company's growth, the recent decline in Bitcoin, and its plans to expand its operation into the U.S. Farley discusses the launching o...

4 weeks ago - Schwab Network

Bullish appoints Jay Yarow, former CNBC Digital Executive Editor, as President, CoinDesk Insights

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish, an institutionally focused global digital asset platform that provides market infrastructure and information services, is pleased to announce the appointment ...

5 weeks ago - Business Wire

Bullish: An Exchange Growing Faster Than The Market Notices

Bullish is a rapidly growing cryptocurrency exchange, rated Buy with a $57 price target, implying 39% upside over 12 months. BLSH posted strong FQ3 2025 results, with 80% revenue growth, new product l...

5 weeks ago - Seeking Alpha

Stablecoin surge signals growing volatility fear in crypto market

CNBC's MacKenzie Sigalos reports the share of stablecoins in crypto's total market cap has climbed to a two-year high, as investors seek shelter from volatility despite bitcoin's rebound and renewed E...

5 weeks ago - CNBC Television

Bullish (BLSH) Q3 2025 Earnings Call Transcript

Bullish ( BLSH) Q3 2025 Earnings Call November 19, 2025 8:30 AM EST Company Participants Michael Fedele - Vice President of Finance Thomas Farley - CEO & Chairman David Bonanno - Chief Financial Offi...

6 weeks ago - Seeking Alpha

Bullish Reports Third Quarter 2025 Results

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced financial ...

6 weeks ago - Business Wire

CoinDesk and SALT Partner to Establish the World's Premier Institutional Crypto Gathering

Consensus SALT Hong Kong Institutional Summit set for February 10, 2026, uniting world's leading asset managers and capital allocators HONG KONG and NEW YORK , Nov. 11, 2025 /PRNewswire/ -- CoinDesk ,...

7 weeks ago - PRNewsWire

Bullish releases October 2025 monthly metrics

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metri...

2 months ago - Business Wire

Bullish Selects GenieAI as Portfolio and Risk Analytics Provider for Professional Trader Competition

BOSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- GenieAI , a leading AI-powered portfolio and risk management platform for digital asset managers, has been selected by Bullish (NYSE: BLSH), an institutionall...

2 months ago - GlobeNewsWire

Bullish to announce third quarter 2025 financial results

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, announced today that it wi...

2 months ago - Business Wire

Bullish On The Future Of Crypto

Bullish (BLSH) is a digital asset platform targeting institutional investors, recently approved for US trading and expanding into derivatives. BLSH's revenue diversification through CoinDesk subscript...

2 months ago - Seeking Alpha

Tradr Debuts Leveraged ETFs on BLSH, DASH, FLY, IREN, NEM, OPEN, QS, SRPT & WULF

Funds seek to provide 200% long exposure on a variety of industry leaders NEW YORK , Oct. 23, 2025 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional ...

2 months ago - PRNewsWire

Bullish and Deutsche Bank partner to deliver seamless fiat integration for institutional crypto trading

HONG KONG and FRANKFURT, Germany , Oct. 8, 2025 /PRNewswire/ -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information servi...

3 months ago - PRNewsWire

Bullish releases September 2025 monthly metrics

CAYMAN ISLANDS , Oct. 7, 2025 /PRNewswire/ -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its ...

3 months ago - PRNewsWire

Bullish shares surge 10% after plans to launch crypto options trading in US

Cryptocurrency-exchange operator Bullish, which also owns crypto news and data platform CoinDesk, announced plans to add options trading to its platform, marking a significant step in the company's in...

3 months ago - Invezz

Bullish to launch crypto options trading with top-tier consortium of trading partners

Institutions outside the U.S. interested in trading options with Bullish are encouraged to contact sales@bullish.com to begin the onboarding process. SINGAPORE , Oct. 1, 2025 /PRNewswire/ -- Bullish (...

3 months ago - PRNewsWire

Bullish launches in the U.S., offering institutions and advanced traders a new standard in digital asset trading

NEW YORK , Oct. 1, 2025 /PRNewswire/ -- Bullish  (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced th...

3 months ago - PRNewsWire

Bullish (BLSH) Q2 2025 Earnings Call Transcript

Bullish (NYSE:BLSH) Q2 2025 Earnings Call September 17, 2025 5:30 PM EDT Company Participants Michael Fedele Thomas Farley - CEO & Chairman David Bonanno - Chief Financial Officer Conference Call Par...

3 months ago - Seeking Alpha

Bullish: Earnings And New York BitLicense Spell Buy

Bullish has shown strong institutional interest post-IPO, reporting robust Q2 results and a swing to profitability, despite shares being down 21% since going public. Bullish's revenue diversification ...

3 months ago - Seeking Alpha

Bullish: Strong Bet On Institutional Crypto Growth

Bullish recently completed a high-profile IPO and is positioned for growth with U.S. crypto market entry and crypto options trading. The institutional crypto exchange reported mixed Q2 '25 results, wi...

3 months ago - Seeking Alpha

Peter Thiel-Backed Crypto Platform Bullish Swings to a Profit; Stock Surges

Shares of Bullish (BLSH) surged Thursday after the cryptocurrency exchange backed by billionaire Peter Thiel reported that it posted a profit on higher sales and trading volume.

3 months ago - Investopedia

Bullish shares surge 6% after earnings beat in first result after listing

Crypto exchange Bullish (NYSE: BLSH) surged 6% on Thursday after posting a profit in its first quarterly result since going public, reversing a loss from the same period last year.

3 months ago - Invezz