BLSH

Bullish
NYSETECHNOLOGYSOFTWARE - INFRASTRUCTURE

Key Statistics

Market Cap
$3.44B
P/E Ratio
EPS
$-7.45
Beta
52W High
$118.00
52W Low
$21.76
50-Day MA
$27.34
200-Day MA
$37.39
Dividend Yield
Profit Margin
0.00%
Forward P/E
35.09
PEG Ratio

About Bullish

Bullish provides market infrastructure and information services in United States. The company is headquartered in George Town, Cayman Islands.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)$267.91M
Gross Profit (TTM)$267.91M
EBITDA$-494.02M
Operating Margin-742.00%
Return on Equity-44.60%
Return on Assets-10.30%
Revenue/Share (TTM)$1.95
Book Value$17.53
Price-to-Book1.30
Price-to-Sales (TTM)12.84
EV/Revenue0.0127
EV/EBITDA
Quarterly Earnings Growth (YoY)0.00%
Quarterly Revenue Growth (YoY)65.50%
Shares Outstanding$151.65M
Float$48.29M
% Insiders86.66%
% Institutions24.65%

Historical Volatility

HV 10-Day
73.97%
HV 20-Day
72.94%
HV 30-Day
79.43%
HV 60-Day
78.80%
HV Rank

Volatility is currently contracting

Analyst Ratings

Consensus ($42.61 target)
4
Buy
6
Hold

Latest News

Siris to Acquire Equiniti's Retirement Solutions, Customer Resolutions and Lenvi Businesses

Transaction to be Completed in Parallel with the Closing of Equiniti's Previously Announced Sale to Bullish WEST PALM BEACH, Fla., July 24, 2026 /PRNewswire/ -- Siris (together with its affiliates, "Siris"), a leading private equity firm focused on control investments in mission-critical services businesses, today announced that it has elected to exercise its option to maintain ownership of EQ Retirement Solutions ("EQRS"), EQ Customer Resolutions ("EQCR") and Lenvi from Equiniti ("EQ").

PRNewsWire7/24/2026Neutral
Bullish announces Siris to acquire non-core Equiniti business lines

GEORGE TOWN, Cayman Islands, July 24, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced that an affiliate of Siris has exercised its previously disclosed option to acquire the following non-core business lines of Equiniti: EQ Retirement Solutions, EQ Customer Resolutions and Lenvi. The parties expect to negotiate definitive documents to effect the carve-out of the non-core business lines in parallel with the closing of Bullish's previously announced purchase of Equiniti in January 2027, subject to customary closing conditions and required regulatory approvals. As previously disclosed at the time of the announced acquisition, the financial results of the non-core businesses have been excluded from all transaction disclosures.

GlobeNewsWire7/24/2026Neutral
6 High‑Risk Stocks That Could Be Big Winners

Retail investors are searching for the next big winners — and Jessica Inskip says the opportunity sits inside one emerging theme: interconnectivity. She breaks down her top high‑risk, high‑reward picks and explains why tokenized securities, stablecoin settlement, and new trading rails could unlock major upside.

The Street7/23/2026Positive
Bullish: Compelling Buy As M&A Brings Much-Needed Scale

Bullish (BLSH) has declined ~40% YTD but now trades at compelling adjusted EBITDA multiples. I'm upgrading BLSH to a buy, citing strong standalone performance and substantial adjusted EBITDA expansion. The $4.2B Equiniti acquisition diversifies BLSH into equities, adding scale and new revenue streams in tokenization, which BLSH believes is a substantial market opportunity.

Seeking Alpha7/21/2026Positive
Bullish appoints Thomas Cowan as Head of Tokenization

GEORGE TOWN, Cayman Islands, July 13, 2026 (GLOBE NEWSWIRE) -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced the appointment of Thomas Cowan as Head of Tokenization. Cowan will lead the company's tokenization strategy, building on the foundation Bullish has assembled through its regulated exchange infrastructure, CoinDesk's market data and indices services, and upon completion of its pending acquisition, Equiniti's global transfer agent and registry capabilities, to establish the company as the market infrastructure for tokenized securities.

GlobeNewsWire7/13/2026Neutral
The Big 3: MA, VLO, BLSH

Jessica Inskip (@jessicainskip) takes us through today's Big 3. She highlights Mastercard (MA) as an opportunity within an AI gap she sees, Valero Energy (VLO) holding strong momentum into earnings season, and Bullish (BLSH) as a high-risk, high-beta trade pick.

Schwab Network7/8/2026Positive
Bullish releases June 2026 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 metrics for June 2026 on Tuesday, July 7, 2026. Monthly Metrics Report for June 2026 (Unaudited)   2025 2026 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun (B - in billions) Trading Volume ($B) Spot - BTC 34.6   30.9   43.2   39.2   32.8   19.9   20.8   18.2   16.4   38.2   38.4.

Business Wire7/7/2026Neutral
Bullish receives Gibraltar Financial Services Commission approval to offer trading in tokenized securities

CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced that it has received approval from the Gibraltar Financial Services Commission (GFSC) for tokenized securities. The approval marks a further milestone in the deepening collaboration between Bullish and Gibraltar to build regulated infrastructure for digital assets. The approval builds on the ongoing collabor.

Business Wire6/29/2026Neutral
Elemental Royalty Declares Quarterly Dividend and Continues "In Kind" Dividend XAUT Token Payment Alternative for Shareholders

Denver, Colorado--(Newsfile Corp. - June 18, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly dividend (the "Dividend") of US$0.03 per common share in the capital of the Company (each, a "Common Share"), aggregating to US$0.12 per Common Share for the 2026 fiscal year. The Dividend will be paid to holders of record of Common Shares as of the close of business (4:30 pm Eastern Time) on June 30, 2026 (the "Record Date") and will be distributed on or about July 15, 2026.

Newsfile Corp6/19/2026Neutral

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Data last updated: 7/29/2026