Bullish (BLSH)

NYSE • Technology

$28.21

-$0.98 (-3.4%)

Market closed

Last close at October 23, 2026 at 20:00 UTC

Open$28.84

Day Range$27.68 - $29.05

Avg. Volume (3M)1M

Market Cap$4.2B

52 Week Range

$20.55$56.92

Next EarningsIn 24 daysNov 18, 2026

Metrics Over Time

Where the Money Goes

Q2 2026

Revenueeverything earned$92.5M100%

Gross Profitminus cost of goods$65.1M70%

Operating Incomeminus R&D and overhead$6.1M7%

Fundamentals & Financials

Revenue (TTM)

$157.9B

Net Income (TTM)

-$1.3B

EPS (TTM)

-$9.11

ROA (TTM)

-44.57%

Current Ratio

23.52

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Income Statement

Balance Sheet

Financial Highlights

Dividends History

Split History

Earnings

+2.4%Q3 2025-$0.05

-3.0%Q4 2025$0.1

+39.6%Q1 2026$0.2

-12.9%Q2 2026$0.13

+14.2%Q3 2026$0.1

Nov 18

in 24 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026

Beat +14.2%

Bullish topped consensus on adjusted EPS in the second fiscal quarter of 2026, reported Aug. 13, with adjusted EPS of $0.10 against a $0.09 estimate, +14%. Operating income came to about $6.1 million, while net income swung to a net loss of roughly $270.2 million from net income of $107.5 million a year ago, and operating cash flow was about $2.7 million. Consensus for the next period calls for EPS of $0.12 on revenue of $82.1 million.

Next report — what to expect

Bullish (BLSH) is set to report on November 18, 2026. Wall Street is looking for EPS of $0.08 on revenue of $80.7 million. For trailing context, revenue fell -99.8% year over year last quarter. The company has beaten EPS in 4 of its 6 most recent quarters, making forward guidance and revenue trends key watch items.

View full earnings history

About Bullish

Bullish, listed on the NYSE as BLSH, is a technology company that provides digital-asset trading, index, data, and media products. Its platform set spans exchange infrastructure and information services for crypto markets, and it recorded $245.0 billion in revenue in FY2025.

Name

Bullish

CEO

Thomas W. Farley

Website

www.bullish.com

Industry

Technology

Year Founded

2020

Employees

414

Today's Snapshot

AI-generated

BLSH closed 3.4% lower at 28.21, while its sector was flat.

Trading Volume

Above 10d avg 1.1M

1.1M

vs S&P 500 Today

Underperforming Market

-2.84%

Updated: October 23, 2026 at 20:26 UTC

BLSH Headlines

Brokers and Fintechs Face Diverging Valuations

March 8, 2026

4 min read

View All News

Technical Indicators

0 Buy2 Neutral6 Sell

BLSH is rated a strong sell as momentum and volume point to broad weakness. The MACD and CCI are materially negative and the stock trades below most moving averages, including a 200-day near 32.63, highlighting longer-term downside pressure while the ADX around 24 shows only moderate directional strength. On-balance volume is strongly negative and ATR is elevated at about 7.67 percent, indicating volatile sessions on falling prices. The classic pivot sits above the market and acts as nearby resistance. Technical takeaway: Strong sell—negative momentum with distribution and pervasive weakness across moving averages.

All signals