Bullish Statistics

Total Valuation

Bullish has a market cap or net worth of $3.53 billion. The enterprise value is $3.70 billion.

Market Cap	3.53B
Enterprise Value	3.70B

Important Dates

The last earnings date was Thursday, May 14, 2026, before market open.

Earnings Date	May 14, 2026
Ex-Dividend Date	n/a

Share Statistics

Bullish has 151.65 million shares outstanding. The number of shares has increased by 21.59% in one year.

Current Share Class	151.65M
Shares Outstanding	151.65M
Shares Change (YoY)	+21.59%
Shares Change (QoQ)	+0.15%
Owned by Insiders (%)	35.69%
Owned by Institutions (%)	26.88%
Float	48.45M

Valuation Ratios

PE Ratio	n/a
Forward PE	33.72
PS Ratio	13.18
Forward PS	9.10
PB Ratio	1.33
P/TBV Ratio	1.38
P/FCF Ratio	31.26
P/OCF Ratio	28.68
PEG Ratio	0.30

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	13.80
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	32.71

Financial Position

The company has a current ratio of 26.42, with a Debt / Equity ratio of 0.19.

Current Ratio	26.42
Quick Ratio	3.13
Debt / Equity	0.19
Debt / EBITDA	n/a
Debt / FCF	4.49
Interest Coverage	-8.82

Financial Efficiency

Return on equity (ROE) is -44.64% and return on invested capital (ROIC) is -15.86%.

Return on Equity (ROE)	-44.64%
Return on Assets (ROA)	-10.35%
Return on Invested Capital (ROIC)	-15.86%
Return on Capital Employed (ROCE)	-15.48%
Weighted Average Cost of Capital (WACC)	n/a
Revenue Per Employee	$647,121
Profits Per Employee	-$2.42M
Employee Count	414
Asset Turnover	0.09
Inventory Turnover	n/a

Taxes

Income Tax	-497,000
Effective Tax Rate	n/a

Stock Price Statistics

Beta (5Y)	n/a
52-Week Price Change	n/a
50-Day Moving Average	34.60
200-Day Moving Average	41.36
Relative Strength Index (RSI)	34.14
Average Volume (20 Days)	1,892,776

Short Selling Information

The latest short interest is 9.71 million, so 6.41% of the outstanding shares have been sold short.

Short Interest	9.71M
Short Previous Month	8.98M
Short % of Shares Out	6.41%
Short % of Float	20.05%
Short Ratio (days to cover)	6.72

Income Statement

In the last 12 months, Bullish had revenue of $267.91 million and -$1.00 billion in losses. Loss per share was -$7.31.

Revenue	267.91M
Gross Profit	267.91M
Operating Income	-496.02M
Pretax Income	-1.04B
Net Income	-1.00B
EBITDA	-494.02M
EBIT	-496.02M
Loss Per Share	-$7.31

Full Income Statement

Balance Sheet

The company has $342.69 million in cash and $507.10 million in debt, giving a net cash position of -$164.41 million or -$1.08 per share.

Cash & Cash Equivalents	342.69M
Total Debt	507.10M
Net Cash	-164.41M
Net Cash Per Share	-$1.08
Equity (Book Value)	2.70B
Book Value Per Share	17.53
Working Capital	3.06B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $123.13 million and capital expenditures -$10.15 million, giving a free cash flow of $112.99 million.

Operating Cash Flow	123.13M
Capital Expenditures	-10.15M
Depreciation & Amortization	2.00M
Net Borrowing	-50.86M
Free Cash Flow	112.99M
FCF Per Share	$0.75

Full Cash Flow Statement

Margins

Gross Margin	100.00%
Operating Margin	-185.15%
Pretax Margin	-389.02%
Profit Margin	n/a
EBITDA Margin	-184.40%
EBIT Margin	-185.15%
FCF Margin	42.17%

Dividends & Yields

Bullish does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-21.59%
Shareholder Yield	-21.59%
Earnings Yield	-28.38%
FCF Yield	3.20%

Analyst Forecast

The average price target for Bullish is $46.95, which is 101.59% higher than the current price. The consensus rating is "Buy".

Price Target	$46.95
Price Target Difference	101.59%
Analyst Consensus	Buy
Analyst Count	11
Revenue Growth Forecast (3Y)	27.15%
EPS Growth Forecast (3Y)	45.50%

Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Bullish has an Altman Z-Score of 6.1 and a Piotroski F-Score of 4.

Altman Z-Score	6.1
Piotroski F-Score	4