BLSH Stock - Bullish
Unlock GoAI Insights for BLSH
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $250.26B | $116.51B | $72.90B | $1.32B | N/A |
| Gross Profit | $5.28M | $-21,672,000 | $-6,555,000 | $-1,043,465,000 | N/A |
| Gross Margin | 0.0% | -0.0% | -0.0% | -79.0% | N/A |
| Operating Income | $31.92M | $10.21M | $15.67M | $-1,275,660,000 | $-119,040,000 |
| Net Income | $78.53M | $1.30B | $-4,245,884,000 | $-1,401,247,000 | $-119,022,000 |
| Net Margin | 0.0% | 1.1% | -5.8% | -106.0% | N/A |
| EPS | $0.54 | $8.89 | $-29.04 | $-9.59 | $-0.74 |
Bullish provides market infrastructure and information services in United States. It 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. The company also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; 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, operates Coindesk.com, a leading digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. Bullish was founded in 2020 and is based in George Town, Cayman Islands.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 19th 2025 | Deutsche Bank | Upgrade | Buy | $51← $52 |
| September 15th 2025 | Keefe Bruyette | Initiation | Market Perform | $55 |
| September 8th 2025 | Bernstein | Initiation | Market Perform | $60 |
| September 8th 2025 | Jefferies | Initiation | Hold | $49 |
| September 8th 2025 | JP Morgan | Initiation | Neutral | $50 |
| September 8th 2025 | Canaccord Genuity | Initiation | Buy | $68 |
| September 8th 2025 | Cantor Fitzgerald | Initiation | Overweight | $56 |
| September 8th 2025 | Citigroup | Initiation | Buy | $66 |
| September 8th 2025 | Deutsche Bank | Initiation | Hold | $51 |
| September 8th 2025 | Rosenblatt | Initiation | Buy | $60 |
| September 3rd 2025 | Compass Point | Initiation | Neutral | $45 |
Earnings History & Surprises
BLSHEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 18, 2026 | $0.12 | — | — | — |
Q4 2025 | Nov 19, 2025 | $0.10 | $0.10 | -3.0% | ✗ MISS |
Q2 2025 | Jun 30, 2025 | — | $0.73 | — | — |
Q1 2025 | Mar 31, 2025 | — | $-2.35 | — | — |
Q2 2024 | Jun 30, 2024 | — | $-0.79 | — | — |
Q1 2024 | Mar 31, 2024 | — | $0.71 | — | — |
Latest News
JP Morgan Maintains Neutral on Bullish, Lowers Price Target to $45
➖ NeutralRosenblatt Maintains Buy on Bullish, Lowers Price Target to $55
📈 PositiveBullish raised to Buy from Hold at Deutsche after Q3 financial results over attractive risk/return
📈 PositiveBullish Q3 Adj. EPS $0.10, Inline, Sales $76.500M Beat $71.199M Estimate
📈 PositiveJP Morgan Maintains Neutral on Bullish, Lowers Price Target to $46
➖ NeutralClear Street Upgrades Bullish to Buy, Lowers Price Target to $57
📈 PositiveGenieAI Chosen by Bullish to Power $14M Professional Crypto Trading Competition
📈 PositiveBullish shares are trading higher after the company announced the upcoming launch of crypto options trading.
📈 PositiveBullish Launches U.S. Spot Trading With Regulatory Approval
📈 PositiveBLSH stock has given up its prior gain. Bullish shares were trading higher after the company announced a $4 million investment into USD.AI.
➖ NeutralBullish shares are trading higher after the company announced a $4 million investment into USD.AI.
📈 PositiveBullish Makes $4M Investment Into USD.AI To Advance On-Chain AI Infrastructure Financing
📈 PositiveBullish shares are trading higher after the company reported a year-over-year increase in Q2 financial results. Also, Cantor Fitzgerald and Rosenblatt raised their respective price targets on the stock.
📈 PositiveCantor Fitzgerald Maintains Overweight on Bullish, Raises Price Target to $59
📈 PositiveRosenblatt Maintains Buy on Bullish, Raises Price Target to $62
📈 PositiveBullish Sees Q3 Sales $69.000M-$76.000M
📈 PositiveBullish Sees Q3 2025 Trading Volume Of $133B-$142B; Adjusted Transaction Revenue (Non-IFRS) Of $25.5M-$28M; Subscriptions, Services & Other Revenue (Non-IFRS) Of $43.5M-$48M; Adjusted EBITDA (Non-IFRS) Of $25M-$28M
📈 PositiveBullish Q2 EPS $0.93 Up From $(1.03) YoY, Sales $58.631M Up From $49.578M YoY
📈 PositiveBullish Asset Trading And Custody Business, Bullish US Operations LLC, Granted New York BitLicense By New York State Department of Financial Services
📈 PositiveKeefe, Bruyette & Woods Initiates Coverage On Bullish with Market Perform Rating, Announces Price Target of $55
➖ NeutralFrequently Asked Questions about BLSH
What is BLSH's current stock price?
What is the analyst price target for BLSH?
What sector is Bullish in?
What is BLSH's market cap?
Does BLSH pay dividends?
Similar Stocks
Technology SectorExplore stocks similar to BLSH for comparison