Bullish
KYFinancials
Valuation Metrics
Bullish's Market Cap is $3.42B. At end of 2025 it was $5.72B. Ranked #1573 of 3,118 in US market (top 50%), #1027 of 1,644 on NYSE (top 62%), #140 of 271 in Software & Services (top 52%) by Market Cap.
Investment Metrics(as of 2026-11-02)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $3.42B | US#1,573/3,118 Sec#140/271 |
| Revenue | $216.53B | US#20/3,118 Sec#2/271 |
| Net Income | $-1.00B | US—/3,118 Sec—/271 |
| Total Assets | $3.32B | US#1,732/3,118 Sec#118/271 |
| Net Assets | $2.65B | US#1,049/3,118 Sec#68/271 |
| Employees | 414 | US#2,317/3,118 Sec#227/271 |
| Value | ||
| P/B | 1.29x | US#797/3,118 Sec#32/271 |
| P/S | 0.02x | US#6/3,118 Sec#1/271 |
| FCF Yield | 3.27% | US#1,807/3,118 Sec#180/271 |
| Profitability | ||
| ROE | -37.84% | US#2,605/3,118 Sec#225/271 |
| ROA | -30.16% | US#2,877/3,118 Sec#262/271 |
| Op. Margin | -0.01% | US#2,313/3,118 Sec#193/271 |
| Revenue Growth | -13.43% | US#2,595/3,118 Sec#264/271 |
| Financial Health | ||
| Debt Ratio | 23.43% | US#261/3,118 Sec#24/271 |
| Total Debt | $507M | US#1,860/3,118 Sec#137/271 |
| FCF | $112M | US#1,685/3,118 Sec#170/271 |
| Cash | $93M | US#2,272/3,118 Sec#231/271 |
| Current Ratio | 26.42x | US#90/3,118 Sec#3/271 |
| Performance | ||
| 1Y Return | -55.47% | US#2,895/3,118 Sec#245/271 |
| 1M Return | -34.21% | US#3,005/3,118 Sec#262/271 |
| From 52W High | -56.64% | US#2,712/3,118 Sec#231/271 |
| 1Y MDD | -55.00% | US#2,634/3,118 Sec#202/271 |
| Trading | ||
| Volume | 1,731,070 shares | US#910/3,118 Sec#107/271 |
| Trading Value | $40M | US#1,270/3,118 Sec#132/271 |
| Per Share | ||
| EPS | $-6.61 | US—/3,118 Sec—/271 |
| BPS | $17.47 | US#1,375/3,118 Sec#67/271 |
Company Info
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.