Bullish
BLSH
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- The software infrastructure sector is experiencing robust growth, driven by increasing demand for cloud services and digital transformation initiatives across industries.
- BLSH's revenue growth stands at 68.8% year-over-year, indicating strong market traction.
- The stock has a target mean price of $40.82, suggesting significant upside potential from current levels.
- BLSH faces intense competition in the software infrastructure space, which could pressure margins and market share.
- The company reported a net income loss of $270.19 million in Q2 2026, highlighting ongoing profitability challenges.
- Operating margin has been negative, with a recent quarterly operating margin of -2.54%, raising concerns about operational efficiency.
Fundamentals
| Market cap | $4.76B | Enterprise value | $5.01B | Trailing P/E | — | Forward P/E | 43.32 |
| PEG | — | Price / book | 1.97 | Beta | — | Dividend yield | 0.00% |
| Revenue growth | 68.8% | Earnings growth | — | Gross margin | 100.0% | Operating margin | -3.1% |
| Profit margin | 0.0% | ROE | -57.1% | ROA | -15.7% | Debt / equity | 0.21 |
| Current ratio | 23.53 | Free cash flow | -$408.92M | Analyst recommendation | buy | Mean target | $41.09 |
| 52w high | $68.00 | 52w low | $20.55 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $32.7B | $51.9B | $64.4B | $41.6B | $58.7B | — |
| Op margin | -0.0% | 0.0% | 0.0% | 0.0% | -0.0% | — |
| Net income | -$270M | -$582M | -$547M | $18.4M | $108M | — |
| Gross margin | 0.1% | 0.1% | -0.1% | 0.2% | 0.0% | — |
| Gross profit | $28.8M | $29.8M | -$85.5M | $65.1M | $7.4M | — |
| Operating income | -$8.3M | $7.8M | $27.0M | $19.3M | -$12.7M | — |
- Revenue -37% vs prior quarter ($32.7B vs $51.9B).
- Gross margin 0.1% (was 0% prior quarter).
- Operating margin compressed to 0%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $245.0B | $250.3B | $116.5B | $72.9B | — |
| Op margin | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Net income | -$765M | $78.5M | $1.3B | -$4.2B | — |
| Gross margin | 0.0% | 0.0% | -0.0% | -0.0% | — |
| Gross profit | $74.1M | $5.3M | -$21.7M | -$6.6M | — |
| Operating income | $50.7M | $31.9M | $10.2M | $15.7M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
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2026-09-24 · Bullish, Equiniti Form Coalition to Advance Tokenized Securities
2026-09-24 · Bullish Insider Sold Shares Worth $9,918,974, According to a Recent SEC Filing
2026-09-22 · Crypto's Next Catalyst Could Be Tokenized Stocks: Clear Street Raises Bullish, Coinbase Targets
2026-09-21 · Bitcoin Surges. Coinbase Wins Target Hike. These Crypto Stocks Break Out.
2026-09-18 · Weekly Wrap: Bitcoin Climbs Back Above $80,000
2026-09-18 · Is Bullish (BLSH) Fully Valued Following Its Sharp Rebound?
Price (daily)
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