Bullish (BLSH)

NYSE: BLSH · Real-Time Price · USD
68.75
-0.34 (-0.49%)
Sep 23, 2025, 3:21 PM EDT - Market open
-0.49%
Market Cap10.05B
Revenue (ttm)259.16B
Net Income (ttm)-146.18M
Shares Out 146.18M
EPS (ttm)-1.30
PE Ration/a
Forward PE108.13
Dividendn/a
Ex-Dividend Daten/a
Volume5,521,870
Open69.50
Previous Close69.09
Day's Range68.28 - 74.98
52-Week Range47.88 - 118.00
Betan/a
AnalystsBuy
Price Target56.90 (-17.24%)
Earnings DateSep 17, 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 Financials
IPO Date Aug 13, 2025
Employees 400
Stock Exchange NYSE
Ticker Symbol BLSH
Full Company Profile

Financial Performance

In 2024, Bullish's revenue was $250.26 billion, an increase of 114.80% compared to the previous year's $116.51 billion. Earnings were $78.53 million, a decrease of -93.96%.

Financial Statements

Analyst Summary

According to 11 analysts, the average rating for BLSH stock is "Buy." The 12-month stock price target is $56.9, which is a decrease of -17.24% from the latest price.

Price Target
$56.9
(-17.24% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

4 days 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...

4 days 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.

5 days 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.

5 days ago - Invezz

Behind NVDA & INTC Investment, RDDT All-Time High, BLSH Beats Earnings

Diane King Hall takes a closer look behind Nvidia's (NVDA) investment into Intel (INTC) and how the two companies will combine their tech. She later talks about Reddit's (RDDT) leap to an all-time hig...

Other symbols: INTCNVDARDDT
5 days ago - Schwab Network

Bullish Reports Second Quarter 2025 Results

Bullish obtains New York DFS BitLicense, unlocking Q4'2025 US market entry Q2'2025 Digital asset sales of $58.6 billion and net income of $108.3 million Q2'2025 Adjusted Revenue of $57.0 million and A...

5 days ago - PRNewsWire

Bullish Stock Climbs After Q2 Results: Details

Bullish  BLSH stock climbed after the company released its second-quarter results after Wednesday's closing bell. Here's a look at the details in the report.

5 days ago - Benzinga

Bullish secures New York BitLicense from the NYDFS, paving way for U.S. launch

NEW YORK , Sept. 17, 2025 /PRNewswire/ -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced t...

6 days ago - PRNewsWire

U.S. IPO Activity On Track For The Best Quarter Since Q1 2022

Q3 2025 IPO filings have reached 104 with two weeks left in the quarter, making it the strongest quarter since Q1 2022. After six large public offerings hit the tape last week, all eyes are on expecte...

6 days ago - Seeking Alpha

Bullish: A Closer Look At Earnings

Bullish has seen volatile trading since its IPO, with shares down over 50% from their initial spike. BLSH's revenue is heavily reliant on crypto holdings, with transaction income declining and CoinDes...

7 days ago - Seeking Alpha

CRCL, BLSH, ASTS & GTLB: Luke Lloyd's Growth Stock Picks

Luke Lloyd says the growth trade is back, and investors should stay alert when it comes to stocks that can accelerate momentum. He points to two recent IPOs in Bullish (BLSH) and Circle (CRCL) as bene...

Other symbols: GTLBASTSCRCL
7 days ago - Schwab Network

Bullish Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Bullish BLSH will release earnings results for the second quarter after the closing bell on Wednesday, Sept. 17.

8 days ago - Benzinga

Fed Meeting; FedEx, Lennar, Bullish Earnings; and More to Watch

The Fed will take center stage this week, with an interest-rate cut all but assured to be announced on Wednesday.

Other symbols: FDXLEN
9 days ago - Barrons

Bullish Stock Is Falling. What Analysts Say About the Latest Crypto IPO.

A host of investment banks release their first research notes on the crypto company after its initial public offering last month.

15 days ago - Barrons

Bullish Set To Benefit From 'Huge' Crypto Tailwind, Though Scale Concerns Persist

Could the next big wave in the cryptocurrency market be driven by a surprising political shift? As Bullish BLSH makes its U.S. debut, analysts weigh in on what this means for institutional adoption an...

15 days ago - Benzinga

Here's why the Bullish stock price has plunged and what next

Bullish stock price has been in a free fall since its listing in August. After peaking at $117, it has plunged to $52, erasing billions of dollars in value as its market capitalization fell to $7.65 b...

15 days ago - Invezz

Bullish completes MiCAR license uplift with Germany's BaFin for digital asset trading and custody services across the European Union

FRANKFURT, Germany , Sept. 5, 2025 /PRNewswire/ -- Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today ann...

18 days ago - PRNewsWire

Bullish to announce second quarter 2025 financial results and host inaugural earnings conference call

GEORGE TOWN, Cayman Islands , Sept. 4, 2025 /PRNewswire/ -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services,...

18 days ago - PRNewsWire

CRWV, CRCL, BLSH and 2025 IPOs that WOW'ed the Markets

When it comes to the IPO market, John Jannarone points to this year's biggest movers in A.I. and Crypto as the big themes to watch moving forward.

Other symbols: CRWVCRCL
4 weeks ago - Schwab Network

Bullish Stock 2x To $140?

Bullish (NYSE:BLSH) stock surged after its IPO earlier this month. The listing was priced at $37 per share, and the stock jumped nearly 3x in early trading before pulling back on volatility.

4 weeks ago - Forbes

The Big 3: APP, TXN, BLSH

While @ProsperTradingAcademy's Charles Moon questions some of the recent market behavior, he maintains conviction in today's Big 3. He sees Applovin (APP) making an upside run if it holds $420, Texas ...

Other symbols: APPTXN
4 weeks ago - Schwab Network

What's Happening With Bullish Stock

Bullish (NYSE:BLSH) stock experienced a significant increase following its IPO last Wednesday. Although the listing was set at $37 per share, the stock surged to $118 during early trading before stabi...

4 weeks ago - Forbes

Bullish: Hard To Be Bullish

Bullish shares have soared post-IPO but remain highly volatile and disconnected from underlying business fundamentals. Core exchange revenues are modest, with profitability driven mainly by volatile f...

5 weeks ago - Seeking Alpha

Circle and Bullish Are Making IPO Stocks Hot Again. Wait to Buy Them.

If you miss the initial public offering pop, there's almost always a chance to buy the dip.

Other symbols: CRCL
5 weeks ago - Barrons

U.S. IPO Weekly Recap: Bullish And Miami International Complete The Last Major IPOs Of The Summer

Eight issuers listed in the US this past week, six of which were eligible for inclusion in our IPO stats, joined by two SPACs. There are no IPOs currently scheduled for the week ahead, though some sma...

5 weeks ago - Seeking Alpha