Bullish
KYFinancials
Valuation Metrics
Bullish's Market Cap is $5.81B. At end of 2025 it was $5.72B. Ranked #1316 of 3,121 in US market (top 42%), #872 of 1,658 on NYSE (top 53%), #120 of 275 in Software & Services (top 44%) by Market Cap.
Investment Metrics(as of 2026-09-18)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $5.81B | US#1,316/3,121 Sec#120/275 |
| Revenue | $216.53B | US#20/3,121 Sec#2/275 |
| Net Income | $-1.00B | US—/3,121 Sec—/275 |
| Total Assets | $3.32B | US#1,745/3,121 Sec#119/275 |
| Net Assets | $2.65B | US#1,055/3,121 Sec#69/275 |
| Employees | 414 | US#2,330/3,121 Sec#228/275 |
| Value | ||
| P/B | 2.19x | US#1,245/3,121 Sec#55/275 |
| P/S | 0.03x | US#3/3,121 Sec#1/275 |
| FCF Yield | 1.92% | US#2,014/3,121 Sec#204/275 |
| Profitability | ||
| ROE | -37.84% | US#2,614/3,121 Sec#224/275 |
| ROA | -30.16% | US#2,886/3,121 Sec#262/275 |
| Op. Margin | -0.01% | US#2,343/3,121 Sec#197/275 |
| Revenue Growth | -13.43% | US#2,645/3,121 Sec#267/275 |
| Financial Health | ||
| Debt Ratio | 23.43% | US#264/3,121 Sec#24/275 |
| Total Debt | $507M | US#1,869/3,121 Sec#135/275 |
| FCF | $112M | US#1,696/3,121 Sec#170/275 |
| Cash | $93M | US#2,271/3,121 Sec#232/275 |
| Current Ratio | 26.42x | US#94/3,121 Sec#3/275 |
| Performance | ||
| 1Y Return | -41.61% | US#2,737/3,121 Sec#203/275 |
| 1M Return | 42.31% | US#20/3,121 Sec#3/275 |
| From 52W High | -48.91% | US#2,807/3,121 Sec#224/275 |
| 1Y MDD | -68.64% | US#2,934/3,121 Sec#247/275 |
| Trading | ||
| Volume | 1,749,477 shares | US#1,111/3,121 Sec#129/275 |
| Trading Value | $66M | US#1,280/3,121 Sec#133/275 |
| Per Share | ||
| EPS | $-6.61 | US—/3,121 Sec—/275 |
| BPS | $17.47 | US#1,381/3,121 Sec#67/275 |
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.