Bullish (BLSH) stock
Close on Nov 11, 2026Market cap $3.55BP/E –Yield –
Bullish saw revenue fall 2.2% to $244.81B over fiscal 2025. Free cash flow was $18.70M. At the latest close the market valued the company at $3.55B.
Key statistics
Valuation at the latest close; fundamentals over fiscal 2025, balances at Dec 31, 2025
Valuation
- Market cap
- $3.55B
- P/E ratio
- –
- Price to sales
- 0.01
- Price to book
- 1.10
- Dividend yield
- –
- Free cash flow yield
- 0.53%
Fundamentals
- Revenue
- $244.81B
- Net income
- -$764.68M
- EPS, diluted
- -$5.99
- Free cash flow
- $18.70M
Trading
- Previous close
- $22.19
- Open
- $22.52
- Day's range
- $22.50 – $24.20
- Volume
- 1,292,913
- Average volume (20 days)
- 1,408,069
- 52-week range
- $20.06 – $48.93
- RSI (14 days)
- 39.2
- Volatility (1 year)
- 75.9%
- Relative volume
- 0.90×
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | BLSH | S&P 500 | Difference | BLSH per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -27.8% | -2.4% | −25.4 pts | ||
| 3 months | -4.0% | -1.2% | −2.9 pts | ||
| Year to date | -37.9% | +12.3% | −50.2 pts | ||
| 1 year | -48.2% | +12.4% | −60.6 pts | ||
| 3 years | +235200.0% | +78.8% | +235121.2 pts | +1230.1% | +21.4% |
| 5 years | +235200.0% | +75.2% | +235124.8 pts | +372.4% | +11.9% |
| 10 years | +235200.0% | +311.1% | +234888.9 pts | +117.4% | +15.2% |
Three years at a glance
Fiscal years 2023 to 2025, USD
Revenue
Gross profit
Net income
EPS, diluted
Free cash flow
Press releases
Releases Bullish filed with the SEC as exhibits to Form 8-K or 6-K
- 6-K
- 6-K
- 6-K
- 6-K
- 6-K
- 6-K
About Bullish
Finance Services
Bullish operates an institutionally focused digital asset platform providing market infrastructure and information services. Under the Bullish brand, the company runs a regulated digital asset spot and derivatives exchange featuring a central limit order book matching engine, automated market making, and liquidity services for token and stablecoin issuers. Through its CoinDesk division, Bullish provides institutional digital asset benchmarks and indices, market data and analytics subscriptions, digital media coverage, and industry conferences including the Consensus series. The business serves institutional clients, such as asset managers, proprietary traders, market makers, and retail brokerages, as well as digital asset issuers, retail investors, and event attendees.
Company profile, executives and historyBullish stock: common questions
What is Bullish's stock price?
BLSH closed at $23.53 on Nov 11, 2026, up 6.04% on the day. Over the past 52 weeks it traded between $20.06 and $48.93.
What is Bullish's market cap?
Bullish was worth $3.55B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is BLSH's P/E ratio?
Bullish lost money over fiscal 2025 (diluted EPS -$5.99), so it has no meaningful P/E ratio.
How much revenue does Bullish make?
Bullish reported revenue of $244.81B for fiscal 2025, down 2.2% from a year earlier.
Does Bullish pay a dividend?
No. Bullish has not paid a cash dividend over the last twelve months.
How has BLSH stock performed over the past year?
Including dividends, BLSH returned -48.2% over the past year, against +12.4% for the S&P 500.
How many BLSH shares are sold short?
8M shares were sold short at the latest FINRA report, 16.63% of the float, or 6.0 days of average trading volume.
Who are Bullish's competitors?
Companies most similar to Bullish by business, industry and size include CNCK, NU, AXP, COIN, LX.
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