Bullish BLSH
At closeNov 5, 2026, 7:16 PM EST
After hours · Nov 5, 7:16 PM ET
- YTD
- -45.31%
- 1 year
- -57.14%
- Market cap
- 3.14B
- Revenue (ttm)
- 300.72M
- EPS (ttm)
- -9.70
- Shares out
- 151.65M
- Forward P/E
- 28.60
- YTD return
- -45.31%
- 1-year return
- -57.14%
- Volume
- 2.32M
- Avg volume
- 1.44M
- Open
- 22.72
- Previous close
- 23.13
- Day's range
- 20.06 – 22.79
- 52-week range
- 20.06 – 48.93
- Price target
- 40.82 (+97.1%)
- Earnings date
- Nov 18, 2026
5D -5.87 (-22.08%)
Key statistics
- Enterprise value
- 3.76B
- PEG ratio
- 0.00
- Price / sales
- 10.39
- Price / book
- 1.29
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 68.80%
- Free cash flow
- -408.92M
- Total cash
- 312.85M
- Total debt
- 518.15M
- Return on equity
- -57.07%
- Short % of float
- 13.83%
- 50-day average
- 32.62
- 200-day average
- 32.10
Analyst view
- Target (low)
- 25.00
- Target (mean)
- 40.82
- Target (high)
- 53.00
- Strong buy0
- Buy5
- Hold7
- Sell0
- Strong sell0
Next earnings
Nov 18, 2026
Expected Nov 18, 2026. Consensus EPS estimate 0.07543.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 18, 2026 | Sep 30, 2026 | 0.07519 | — | — | — |
| Aug 13, 2026 | Jun 30, 2026 | 0.08756 | 0.10 | +0.01 | +14.21% |
| May 14, 2026 | Mar 31, 2026 | 0.1493 | 0.13 | -0.02 | -12.93% |
| Feb 5, 2026 | Dec 31, 2025 | 0.14 | 0.1954 | +0.06 | +39.57% |
| Nov 19, 2025 | Sep 30, 2025 | 0.1031 | 0.10 | 0.00 | -3.01% |
| Sep 17, 2025 | Jun 30, 2025 | -0.05123 | -0.05 | 0.00 | +2.40% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 14, 2026 | Wells Fargo | main | Equal-Weight | Equal-Weight |
| Oct 2, 2026 | Wells Fargo | init | — | Equal-Weight |
| Sep 29, 2026 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Sep 23, 2026 | Canaccord Genuity | main | Buy | Buy |
| Sep 14, 2026 | Compass Point | up | Neutral | Buy |
| Aug 17, 2026 | Canaccord Genuity | main | Buy | Buy |
About Bullish
Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company 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. It also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets to leading traditional finance institutions, including exchanges and asset managers; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights offers news, analysis, information, conferences and networking opportunities related to digital assets, blockchain technology and the broader financial technology industry. Bullish was founded in 2020 and is based in George Town, Cayman Islands.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Country
- Cayman Islands
- Website
- bullish.com
News
Bullish releases October 2026 monthly metrics 
RIOT, COIN, MSTR Jump up to 16%: What Is Going On With Crypto Stocks? 
Cathie Wood Sells $2.3 Million Of Peter Thiel-Backed Bullish Shares, Ark Adds Crypto Names Coinbase, Circle, Robinhood 
Coinbase, Robinhood and Other Crypto Exchange Stocks Tumble as Binance Hack Exposes Vulnerabilities 
Cardano’s Midnight Is a Separate Blockchain, Not a Layer 2. Does It Help or Hurt ADA? 
Bullish to announce third quarter 2026 financial results 
Issuer Sponsored Token Coalition gains momentum as QRT, Vertalo and zerohash join 
October Capital Formed with Dedicated Focus on Services Businesses 
Citi Upgrades Galaxy, Gemini, Names Circle, Bullish as Top Crypto Picks 
Wells Fargo Maintains Equal-Weight on Bullish, Lowers Price Target to $35
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BLISS ANDREW C. | Director | Sale | Sep 23, 2026 | 0 |
| BLUMER BRENDAN FRANCIS | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Sep 2, 2026 | 39,167,900 |
| FARLEY THOMAS WELLS | Chief Executive Officer | Sale | May 10, 2026 | 0 |
| SIMON KAREN JO | Director | Stock Award(Grant) | Sep 2, 2026 | 36,494 |
| WYNN ANDREW CHARLES | Director | Stock Award(Grant) | Sep 2, 2026 | 18,287 |
| YUAN KOKUEI GUO | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Sep 2, 2026 | 36,498,700 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| FMR, LLC | 6.93% | 10,456,240 | 215.40M | Jun 29, 2026 |
| ARK Investment Management, LLC | 4.47% | 6,746,186 | 138.97M | Jun 29, 2026 |
| Amova Asset Management Americas Inc | 2.68% | 4,040,921 | 83.24M | Jun 29, 2026 |
| Sumitomo Mitsui Trust Group, Inc. | 2.45% | 3,697,482 | 76.17M | Sep 29, 2026 |
| Stephens Investment Management Group LLC | 0.90% | 1,355,974 | 27.93M | Jun 29, 2026 |
| Van Eck Associates Corporation | 0.83% | 1,249,058 | 25.73M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Fidelity Contrafund | 4.45% | 6,714,237 | 138.31M | Sep 29, 2026 |
| ARK ETF Trust-ARK Innovation ETF | 3.13% | 4,725,946 | 97.35M | Sep 29, 2026 |
| Fidelity Contrafund-Fidelity Contrafund K6 | 0.99% | 1,490,272 | 30.70M | Sep 29, 2026 |
| ARK ETF Trust-ARK Next Generation Technology ETF | 0.62% | 942,019 | 19.41M | Sep 29, 2026 |
| ARK ETF Trust-ARK Blockchain & Fintech Innovation ETF | 0.54% | 813,435 | 16.76M | Sep 29, 2026 |
| Vanguard Explorer Fund | 0.43% | 645,790 | 13.30M | Jul 30, 2026 |