NYSE · Software - Application

Bullish (BLSH) Stock

$28.21 -3.36% NYSE: BLSH Technology

Valuation

MetricValue
Price$28.21
Market Cap$4.28B
P/E Ratio-3.77
P/B Ratio2.15
P/S Ratio0.03
EPS (TTM)$-5.99
52-Week High$70.50
52-Week Low$20.55
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE-45.26%
ROA-44.57%
ROCE-0.18%
Gross Margin0.02%
Operating Margin-0.01%
Net Margin-0.87%
Debt/Equity0.21
Current Ratio26.42

Annual Financials (USD)

Metric20212022202320242025
Revenue$1.3B$72.9B$116.5B$250.3B$245.0B
Operating Profit$-1.3B$16.0M$10.0M$32.0M$51.0M
Net Profit$-1.4B$-4.2B$1.3B$79.0M$-765.0M
EPS$-9.59$-29.04$8.89$0.54$-5.99
Op Margin-96.5%0.0%0.0%0.0%0.0%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$7.5B$3.4B$1.8B$3.0B$4.0B
Total Liabilities$1.3B$1.5B$522.0M$647.0M$658.0M
Cash$1.2B$1.4B$113.0M$32.0M$105.0M
Borrowings$1.2B$1.3B$440.0M$543.0M$581.0M

Latest News

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Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$-121.0M$195.0M$-127.0M$-30.0M$29.0M
Investing Cash Flow$1.2B$-3.0M$3.0M$-49.0M$-50.0M
Financing Cash Flow$0$-5.0M$-3.0M$-21.0M$-41.0M
Net Cash Flow$1.0B$186.0M$-1.3B$-76.0M$75.0M
Free Cash Flow$-455.0M$194.0M$-128.0M$-34.0M$-23.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA-5.13
FCF Yield1.86%
Quick Ratio22.41
Interest Coverage-0.10
Return 1Y-34.74%
Return 3Y—
Return 5Y—

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
CFLTConfluent, Inc. $30.99 +0.00% -36.03 $11.08B 0.00%
DBXDropbox, Inc. $37.83 +0.93% 20.10 $8.23B 0.00%
DOXAmdocs Limited $62.74 -1.31% 13.55 $6.75B 3.99%
ESTCElastic N.V. $102.43 +4.30% 25.99 $10.75B 0.00%
KVYOKlaviyo, Inc. Series A $21.11 +2.53% 730.70 $6.32B 0.00%

About Bullish

Bullish is headquartered in KY.

Bullish (BLSH) stock trades at $28.21 with a market capitalization of $4.28B. The stock is valued at a negative price-to-earnings (P/E) ratio of -3.77, reflecting a net loss over the last twelve months, price-to-book of 2.15, price-to-sales of 0.03. Over the past 52 weeks the stock has ranged between $20.55 and $70.50, and currently trades 60.0% below its 52-week high.

On profitability, Bullish generates a return on equity (ROE) of -45.26% (negative, reflecting a net loss), return on capital employed of -0.18%, an operating margin of -0.01%, a net profit margin of -0.87%.

Bullish by the numbers, 2020–2025

Between 2020 and 2025 Bullish reported revenue of $0 rising to $245.0B. Compounded, revenue has grown —% a year over five years, 49.8% over three, -2.1% over the last twelve months. Net profit fell to $-765.0M.

The most recent net margin is -0.87%. On a trailing twelve-month basis to Jun '26, revenue is $158.0B and net profit $-1.4B.

Borrowings fell from $1.0B to $581.0M, cash on hand is $359.7M, cash from operations was $29.0M in the latest year, positive in 2 of the last 6.

Return on equity has averaged -33.5% over five years, and was -23.7% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Bullish (BLSH) — frequently asked questions

What is Bullish (BLSH) stock price today?

Bullish (BLSH) is currently trading at $28.21, down 3.36% today.

What is BLSH P/E ratio?

Bullish's P/E ratio is -3.77. A negative P/E means the company reported a net loss over the last twelve months, so P/E is not a meaningful valuation measure for it right now.

What is BLSH return on equity (ROE)?

Bullish's return on equity (ROE) is -45.26%. ROE measures net income relative to shareholders' equity. A negative ROE means the company reported a net loss over the period.

What is Bullish's market cap?

Bullish has a market capitalization of $4.28B.

Does BLSH pay a dividend?

Bullish is not currently showing a dividend yield in our data, which means no recent cash dividend was recorded for it.

How much debt does BLSH carry?

Bullish has a debt-to-equity ratio of 0.21. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is BLSH's profit margin?

Bullish reports a net profit margin of -0.87% — the share of revenue left after every cost, including tax and interest.

What sector is BLSH in?

Bullish is classified under Technology, in the Software - Application industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is BLSH listed on?

Bullish trades on NYSE under the ticker BLSH.

What is BLSH's 52-week range?

Over the last year Bullish has traded between $20.55 and $70.50.

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Screens BLSH currently matches

On the figures above, Bullish passes the filters for 7 of our ready-made screens, among them Low Debt Stocks, Stocks Under $100, Stocks Under $50. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.