Bullish (BLSH)

Bullish Statistics

Total Valuation

Bullish has a market cap or net worth of $4.62 billion. The enterprise value is $4.70 billion.

Market Cap	4.62B
Enterprise Value	4.70B

Important Dates

The last earnings date was Thursday, February 5, 2026, before market open.

Earnings Date	Feb 5, 2026
Ex-Dividend Date	n/a

Share Statistics

Bullish has 150.68 million shares outstanding. The number of shares has increased by 10.68% in one year.

Current Share Class	150.68M
Shares Outstanding	150.68M
Shares Change (YoY)	+10.68%
Shares Change (QoQ)	+7.68%
Owned by Insiders (%)	61.38%
Owned by Institutions (%)	25.73%
Float	40.69M

Valuation Ratios

PE Ratio	n/a
Forward PE	42.26
PS Ratio	19.45
Forward PS	11.88
PB Ratio	1.43
P/TBV Ratio	1.47
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	0.25

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	19.83
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 29.28, with a Debt / Equity ratio of 0.18.

Current Ratio	29.28
Quick Ratio	3.79
Debt / Equity	0.18
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-3.49

Financial Efficiency

Return on equity (ROE) is -27.57% and return on invested capital (ROIC) is -4.88%.

Return on Equity (ROE)	-27.57%
Return on Assets (ROA)	-3.26%
Return on Invested Capital (ROIC)	-4.88%
Return on Capital Employed (ROCE)	-4.78%
Weighted Average Cost of Capital (WACC)	n/a
Revenue Per Employee	$584,337
Profits Per Employee	-$1.88M
Employee Count	406
Asset Turnover	0.07
Inventory Turnover	n/a

Taxes

Income Tax	-944,000
Effective Tax Rate	n/a

Stock Price Statistics

Beta (5Y)	n/a
52-Week Price Change	n/a
50-Day Moving Average	36.90
200-Day Moving Average	n/a
Relative Strength Index (RSI)	40.34
Average Volume (20 Days)	2,926,009

Short Selling Information

The latest short interest is 8.03 million, so 5.33% of the outstanding shares have been sold short.

Short Interest	8.03M
Short Previous Month	n/a
Short % of Shares Out	5.33%
Short % of Float	19.74%
Short Ratio (days to cover)	4.37

Income Statement

In the last 12 months, Bullish had revenue of $237.24 million and -$764.68 million in losses. Loss per share was -$5.99.

Revenue	237.24M
Gross Profit	237.24M
Operating Income	-182.90M
Pretax Income	-786.41M
Net Income	-764.68M
EBITDA	-174.74M
EBIT	-182.90M
Loss Per Share	-$5.99

Balance Sheet

The company has $492.04 million in cash and $581.09 million in debt, with a net cash position of -$89.05 million or -$0.59 per share.

Cash & Cash Equivalents	492.04M
Total Debt	581.09M
Net Cash	-89.05M
Net Cash Per Share	-$0.59
Equity (Book Value)	3.30B
Book Value Per Share	21.39
Working Capital	3.67B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	100.00%
Operating Margin	-77.09%
Pretax Margin	-331.48%
Profit Margin	n/a
EBITDA Margin	-73.65%
EBIT Margin	-77.09%
FCF Margin	n/a

Dividends & Yields

Bullish does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-10.68%
Shareholder Yield	-10.68%
Earnings Yield	-16.57%
FCF Yield	n/a

Analyst Forecast

The average price target for Bullish is $52.09, which is 70.06% higher than the current price. The consensus rating is "Buy".

Price Target	$52.09
Price Target Difference	70.06%
Analyst Consensus	Buy
Analyst Count	12
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Bullish has an Altman Z-Score of 7.21 and a Piotroski F-Score of 2.

Altman Z-Score	7.21
Piotroski F-Score	2