Bullish (BLSH)
Market Price (3/30/2026): $34.39 | Market Cap: $5.2 BilSector: Information Technology | Industry: Systems Software
Bullish (BLSH)
Market Price (3/30/2026): $34.39Market Cap: $5.2 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18% | Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -111% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 182x |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.1%, Rev Chg QQuarterly Revenue Change % is -2.5% | |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, and Digital Asset Custody. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% | |
| Key risksBLSH key risks include [1] an unpredictable earnings model heavily reliant on fluctuating fair value gains from its crypto holdings rather than stable operational revenues, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, and Digital Asset Custody. |
| Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -111% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 182x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.1%, Rev Chg QQuarterly Revenue Change % is -2.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksBLSH key risks include [1] an unpredictable earnings model heavily reliant on fluctuating fair value gains from its crypto holdings rather than stable operational revenues, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Bullish (BLSH) stock has lost about 20% since 11/30/2025 because of the following key factors:
1. Significant GAAP Net Loss in Q4 2025 despite Revenue Growth.
Bullish reported a substantial GAAP net loss of $(563.6) million, or $(3.73) per diluted share, for the fourth quarter of 2025. This marked a significant swing from a net income of $158.5 million, or $1.37 per diluted share, in Q4 2024, raising investor concerns about the company's path to sustainable profitability, despite achieving record adjusted revenue of $92.5 million, up nearly 70% year-over-year, and adjusted EBITDA of $44.5 million for the same period.
2. Persistent Digital Asset Sector Skepticism and Regulatory Uncertainty.
The stock's decline was influenced by broader market skepticism surrounding the digital asset sector. Ongoing regulatory uncertainties and competitive pressures within the industry continued to weigh on investor sentiment, overshadowing Bullish's operational successes, such as the launch and rapid adoption of its options trading platform, which surpassed $9 billion in trading volume.
Show more
1. Significant GAAP Net Loss in Q4 2025 despite Revenue Growth.
Bullish reported a substantial GAAP net loss of $(563.6) million, or $(3.73) per diluted share, for the fourth quarter of 2025. This marked a significant swing from a net income of $158.5 million, or $1.37 per diluted share, in Q4 2024, raising investor concerns about the company's path to sustainable profitability, despite achieving record adjusted revenue of $92.5 million, up nearly 70% year-over-year, and adjusted EBITDA of $44.5 million for the same period.
2. Persistent Digital Asset Sector Skepticism and Regulatory Uncertainty.
The stock's decline was influenced by broader market skepticism surrounding the digital asset sector. Ongoing regulatory uncertainties and competitive pressures within the industry continued to weigh on investor sentiment, overshadowing Bullish's operational successes, such as the launch and rapid adoption of its options trading platform, which surpassed $9 billion in trading volume.
Show more
Stock Movement Drivers
Fundamental Drivers
The -21.1% change in BLSH stock from 11/30/2025 to 3/29/2026 was primarily driven by a -3.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.62 | 34.43 | -21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 244,970 | 0.0% |
| P/S Multiple | � | 0.0 | 0.0% |
| Shares Outstanding (Mil) | 146 | 151 | -3.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BLSH | -21.1% | |
| Market (SPY) | -5.3% | 45.9% |
| Sector (XLK) | -9.1% | 52.7% |
Fundamental Drivers
The -41.7% change in BLSH stock from 8/31/2025 to 3/29/2026 was primarily driven by a -3.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.03 | 34.43 | -41.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 244,970 | 0.0% |
| P/S Multiple | � | 0.0 | 0.0% |
| Shares Outstanding (Mil) | 146 | 151 | -3.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BLSH | -41.7% | |
| Market (SPY) | 0.6% | 43.5% |
| Sector (XLK) | -0.7% | 47.8% |
Fundamental Drivers
nullnull
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BLSH | ||
| Market (SPY) | 9.8% | 40.3% |
| Sector (XLK) | 15.9% | 44.7% |
Fundamental Drivers
nullnull
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BLSH | ||
| Market (SPY) | 69.4% | 40.3% |
| Sector (XLK) | 94.5% | 44.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BLSH Return | - | - | - | - | -44% | -4% | -46% |
| Peers Return | -8% | -55% | 119% | 43% | 33% | -15% | 48% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| BLSH Win Rate | - | - | - | - | 20% | 67% | |
| Peers Win Rate | 40% | 38% | 60% | 47% | 57% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BLSH Max Drawdown | - | - | - | - | -46% | -34% | |
| Peers Max Drawdown | -22% | -59% | -12% | -30% | -25% | -22% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COIN, CME, ICE, BKKT, HOOD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
BLSH has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to COIN, CME, ICE, BKKT, HOOD
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bullish (BLSH)
Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology. Bullish was founded in 2020 with the vision to build an institutional-grade global exchange enabling optimized execution powered by a customizable, compliance-first infrastructure. Through the acquisition of CoinDesk in 2023, we expanded our product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through our flagship Consensus conference. Our October 2024 acquisition of CCData significantly expanded our data and information services capabilities, integrating one of the industry’s foremost digital asset data and index providers and further cementing our best-in-class product suite. This strategic acquisition enhances our ability to deliver cutting-edge data solutions and analytics, further solidifying our position as a leader in the digital assets industry and enabling us to offer valuable insights and indices to our global customers. Operating under the brands “Bullish” and “CoinDesk”, we provide several distinct but complementary services that span the digital assets industry: • Trading and Liquidity Infrastructure (branded as Bullish Exchange): At our core, we operate the Bullish Exchange, an institutionally focused and regulated global digital assets exchange business. The Bullish Exchange is regulated in the United States, Germany, Hong Kong and Gibraltar, and is taking steps to secure licenses in several other jurisdictions. Our operations span multiple countries, providing a robust trading and liquidity infrastructure that supports a global customer base via a single global order book. We provide a comprehensive trading platform, inclusive of spot, margin, and derivatives trading, along with services for liquidity and risk management. We believe our competitive advantages include reliable liquidity, diverse product selection, institutional grade infrastructure, global order book, our unconflicted business model, regulatory licenses, and capital efficiency, that together enable institutions, professional investors, active traders, and individual investors to manage their digital assets exposures comprehensively. We also offer subscription-based liquidity and stablecoin services whereby we provision liquidity to a client’s desired asset. Reflecting our strong market presence, the Bullish Exchange’s total trading volume since launch has exceeded $1.25 trillion as of March 31, 2025. Furthermore, our total global spot trading volume market share for Bitcoin (BTC/USDx) and Ethereum (ETH/USDx) was approximately $284.8 billion and $144.5 billion, respectively, in 2024, which we believe based on available information represented approximately 35% and 44%, respectively, among the peer set of exchanges with which we compare ourselves. • Information Services (branded as CoinDesk): Information Services encompasses our indices, data, and insights businesses. • Indices: CoinDesk Indices provides a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global traditional finance and digital assets institutions including trading firms, hedge funds, asset managers, exchanges, banks, and financial product manufacturers. Since 2014, we believe CoinDesk Indices has been a leader in digital asset indexing, measured by the Assets Under Management (AUM) of underlying products. Our offerings include proprietary multi-asset indices that track the broad digital assets market, specific sectors, and systemic strategies, and single-asset reference indices that track individual digital assets, like Bitcoin. Notable products are the CoinDesk 20 Index, representing the performance of 20 selected digital assets (with eligibility driven through a multi-step process and weighted predominantly on market capitalization for liquid, non-stablecoin digital assets), and the CoinDesk Bitcoin Price Index (XBX), a US$ reference rate for Bitcoin with a long track record in the industry, serving as a benchmark for over $21 billion in AUM. In aggregate, we provide reference rates for products with over $41 billion of AUM and over $15 billion of trading volume as of June 30, 2025. • Data: CoinDesk Data provides a comprehensive suite of digital assets market data and analytics, offering real-time and historic insights into prices, trends, and market dynamics. Serving as a key resource for more than 11,000 investors and industry professionals on a monthly basis, it delivers accurate information to navigate the digital asset ecosystem. Beyond spot and derivatives market data, CoinDesk Data provides in-depth research reports and analytics, empowering users to make informed decisions. Our L1 and L2 order book data is captured at full depth for all major exchanges, and our on-chain data covers BTC, ETH, and others. The acquisition of CCData enhanced the CoinDesk Data product by expanding data coverage and analytics capabilities and fostering innovative products to broaden market reach. • Insights: CoinDesk Insights provides news, analysis and real-time information on digital assets and blockchain technology and holds large-scale conferences for industry professionals. CoinDesk Insights’s products and services reached an estimated global audience of 82.1 million people in 2024. By generating engagement through news articles, newsletters, social media, podcasts, live streaming videos, live events, research reports, and our Consensus conferences, we believe CoinDesk Insights plays a pivotal role in informing and connecting the global investment community, championing the contributions of digital assets to the financial system, and driving awareness and credibility in this rapidly innovating space. We have organized our global business into interconnected divisions, supported by common unified infrastructure, services and personnel. We believe this structure creates a synergistic flywheel effect that promotes cross-utilization of our products and services, such as tradable products powered by CoinDesk Indices being listed by the Bullish Exchange, supported by a unified and efficient cost base across the enterprise. Additionally, the integration between CoinDesk Data and CoinDesk Indices enhances this flywheel effect, as CoinDesk Data provides the comprehensive market insights and analytics that underpin the indices, while CoinDesk Indices, in turn, leverages this data to develop index solutions, thereby reinforcing each other’s business. Our group businesses offer diversified revenue streams within the digital assets ecosystem but, more importantly offer significant lead generation and cross-selling opportunities between the different product lines with an ultimate objective of increasing the surface area of client relationships and the value delivered, thus driving Bullish’s relevance as a diversified service provider. Consolidated group-wide functions include finance, human resources, cybersecurity, legal, engineering and internal technology systems. With our extensive base of institutional customers, we see a significant opportunity to increase the number of customers utilizing two or more products or services offered across our various businesses. We intend to drive broader cross-utilization through further integration and collaboration in our sales strategies, as well as enhancements to our customer relationship technology. This integrated operating model allows us to leverage our unified internal expertise and corporate resources across all businesses in a cost-effective manner. Our principal executive office is located in Camana Bay, George Town, Grand Cayman, Cayman Islands.
AI Analysis | Feedback
Here are 1-3 brief analogies for Bullish:
It's like Bloomberg Terminal met the Nasdaq Exchange, but entirely focused on digital assets and institutional clients.
Think of it as the CME Group for crypto – a regulated institutional exchange combined with leading market data, indices, and financial intelligence.
AI Analysis | Feedback
```html- Trading and Liquidity Infrastructure (Bullish Exchange): Operates a regulated, institutionally focused global digital assets exchange providing spot, margin, and derivatives trading, alongside liquidity and risk management services.
- Digital Asset Indices (CoinDesk Indices): Offers proprietary and single-asset benchmarks and indices that track the performance of various digital assets for financial institutions.
- Digital Asset Market Data (CoinDesk Data): Delivers comprehensive real-time and historical digital asset market data, analytics, and research reports to investors and industry professionals.
- Digital Asset Insights & Events (CoinDesk Insights): Provides news, analysis, real-time information on digital assets and blockchain technology, and organizes large-scale industry conferences.
AI Analysis | Feedback
Bullish (BLSH) primarily sells its products and services to other companies and professional entities, rather than directly to individual consumers. The company explicitly states its focus is "institutionally focused" and refers multiple times to its "extensive base of institutional customers."
The major categories of customers Bullish serves include:
- Financial Institutions & Asset Managers: This category encompasses banks, hedge funds, asset managers, and other traditional finance and digital asset institutions. They utilize Bullish's trading and liquidity infrastructure, CoinDesk Indices for benchmarks (e.g., for products with over $41 billion of AUM), and CoinDesk Data for market insights.
- Trading Firms & Professional Investors: These customers engage with the Bullish Exchange for spot, margin, and derivatives trading, as well as liquidity and risk management services. They are active participants in the digital asset markets requiring institutional-grade infrastructure.
- Digital Asset Exchanges & Financial Product Manufacturers: These companies leverage CoinDesk Indices to develop and launch their own tradable products (such as ETFs/ETPs) and use CoinDesk Data to inform their offerings and operations. Exchanges are explicitly mentioned as customers for their indexing services.
AI Analysis | Feedback
nullAI Analysis | Feedback
Thomas Farley, Chief Executive Officer and Chairman
Thomas Farley currently serves as the Chief Executive Officer and Chairman of Bullish. Prior to his role at Bullish, he was the CEO, President, and Chairman of Far Peak Acquisition Corporation and Far Point Acquisition Corporation, both special purpose acquisition companies (SPACs). He successfully led Far Point Acquisition Corporation through its business combination with Global Blue Group Holding AG, subsequently becoming Chairman of Global Blue's board. Earlier in his career, Farley served as President of the NYSE Group of Intercontinental Exchange Inc. (ICE) from 2014 to 2018, where he managed all operations for the New York Stock Exchange. He also held roles as SVP of Financial Markets at ICE and President of SunGard Kiodex, after serving as its CFO and COO. His early career included investment banking at Montgomery Securities and private equity at Gryphon Investors. Farley made a significant early investment in Coinbase and was involved with Bullish when it received initial investments from firms like Peter Thiel's Founders Fund and Thiel Capital.
David Bonanno, Chief Financial Officer
David Bonanno is the Chief Financial Officer of Bullish, responsible for financial planning and capital strategy. Before becoming CFO, he served as Bullish's Chief Strategy Officer. Bonanno was also a Director of Far Peak Acquisition Corp and Far Point Acquisition Corp, aligning with Thomas Farley's previous ventures. He is currently a Director of Sculptor Capital Management (NYSE: SCU). His extensive investment management experience includes serving as a Managing Director at Third Point LLC, a New York-based investment firm, where he was involved in analyzing and executing both public and private investment opportunities across various industries.
Chris Tyrer, President of Bullish Exchange
Chris Tyrer serves as the President of Bullish Exchange.
Jay Yarow, President of CoinDesk Insights
Jay Yarow is the President of CoinDesk Insights, leading the digital asset media and events provider. He joined Bullish after nine years at CNBC, where he was SVP, Executive Editor Digital, responsible for the vision, strategy, and execution of their digital business.
George Gaffney, Chief Operating Officer
George Gaffney leads global operations for Bullish, overseeing the operations and technology infrastructure of the exchange to ensure a stable, fast, and secure platform. He joined Bullish in 2021 as Head of Exchange Platform Technology and Operations. Previously, he was Managing Director, Global Head of Platform Services, and Head of Global Markets Technology for Hong Kong at Macquarie Group.
AI Analysis | Feedback
```html- Regulatory and Legal Risks: Bullish operates in the highly regulated digital asset industry, and its business relies on securing and maintaining regulatory licenses in multiple jurisdictions, including the United States, Germany, Hong Kong, and Gibraltar. Changes in existing regulations, the introduction of new restrictive laws, or the inability to obtain necessary licenses in new markets could significantly impede Bullish's global operations, restrict its product offerings, and impact its ability to serve institutional and individual customers.
- Market Volatility and Adoption of Digital Assets: Bullish's core business, including its exchange, indices, data services, and insights, is directly tied to the overall health, trading volume, and adoption of stablecoins, digital assets, and blockchain technology. Significant downturns in the digital asset market, reduced investor interest, or slower-than-expected institutional adoption could lead to decreased trading volumes on the Bullish Exchange, lower assets under management (AUM) for CoinDesk Indices products, and reduced demand for CoinDesk Data and Insights, thereby negatively impacting revenue across its business lines.
- Competition: The digital asset exchange, data, and information services markets are highly competitive. Bullish's success depends on maintaining its competitive advantages, such as reliable liquidity, diverse product selection, institutional-grade infrastructure, and regulatory licenses. Increased competition from existing players or new entrants offering superior technology, more attractive pricing, broader product suites, or greater liquidity could erode Bullish's market share, pressure its margins, and challenge its ability to attract and retain customers.
AI Analysis | Feedback
Rapid advancements and adoption of Artificial Intelligence (AI) in content generation and real-time financial analysis pose a clear emerging threat to CoinDesk Insights. As AI technology becomes more sophisticated, it can increasingly automate the creation of financial news, market summaries, and analytical reports, and deliver personalized, instant insights. This capability could potentially diminish the unique value proposition of human-authored content, challenge traditional media subscription models, and reduce the reliance on intermediaries for financial information dissemination, thereby impacting CoinDesk Insights’ audience engagement and revenue streams.
AI Analysis | Feedback
nullAI Analysis | Feedback
Bullish (BLSH) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Global Market Expansion and Regulatory Licensing: Bullish is actively pursuing the acquisition of licenses in additional jurisdictions beyond its current regulated markets in the United States, Germany, Hong Kong, and Gibraltar. This expansion into new markets is anticipated to broaden its customer base and increase trading volumes on the Bullish Exchange.
- Enhanced Cross-Selling and Product Cross-Utilization: The company aims to leverage its integrated operating model to increase the number of institutional customers utilizing multiple products and services across its Bullish Exchange and CoinDesk offerings. By promoting cross-utilization through integrated sales strategies and improved customer relationship technology, Bullish expects to generate significant lead opportunities and deepen client relationships.
- Growth in Information Services via Acquisitions and Expanded Offerings: Following the acquisitions of CoinDesk in 2023 and CCData in 2024, Bullish has significantly expanded its Information Services segment, which includes CoinDesk Indices, Data, and Insights. This strategy focuses on growing Assets Under Management (AUM) for index-linked products, expanding the subscriber base for its comprehensive market data and analytics, and increasing the global audience and engagement for its news, analysis, and conferences.
- Increased Trading Volume and Market Share on the Bullish Exchange: Bullish projects continued growth in its core Bullish Exchange business, an institutionally focused and regulated global digital assets exchange. By offering reliable liquidity, diverse product selection (spot, margin, derivatives), institutional-grade infrastructure, and a global order book, the company aims to further increase its total trading volume and market share for key digital assets like Bitcoin and Ethereum.
- Expansion of Subscription-Based Liquidity and Stablecoin Services: Bullish anticipates revenue growth from its subscription-based services that provision liquidity to clients for desired assets and facilitate stablecoin services. This specialized offering caters to institutional needs for efficient digital asset management.
AI Analysis | Feedback
Outbound Investments
- Acquired CoinDesk in 2023 to expand product offerings, including trusted insights, news, data, indices, and analysis, and to facilitate partnerships and community engagement through the Consensus conference.
- Acquired CCData in October 2024, significantly expanding data and information services capabilities and integrating a leading digital asset data and index provider.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| BLSH Stock Falls -26% With A 10-day Losing Spree On JPMorgan Target Cut | 02/03/2026 | |
| BLSH Stock Falls -23% With A 9-day Losing Spree On JP Morgan PT Cut | 01/31/2026 | |
| BLSH Stock Falls -16% With A 8-day Losing Spree On Analyst Downgrade | 01/30/2026 | |
| ARTICLES | ||
| BLSH Stock Falls -23% In 9-Day Spree On JPMorgan Target Cut | 01/31/2026 | |
| Stocks Trading At 52-Week Low | 01/27/2026 | |
| Bullish Stock: Buy The Dip? | 08/19/2025 |
Trade Ideas
Select ideas related to BLSH.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 109.34 |
| Mkt Cap | 51.3 |
| Rev LTM | 6,851 |
| Op Inc LTM | 1,776 |
| FCF LTM | 2,005 |
| FCF 3Y Avg | 2,047 |
| CFO LTM | 2,032 |
| CFO 3Y Avg | 2,068 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 39.3% |
| Rev Chg Q | 0.6% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 29.9% |
| Op Mgn 3Y Avg | 18.1% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 35.2% |
| CFO/Rev 3Y Avg | 34.2% |
| FCF/Rev LTM | 32.2% |
| FCF/Rev 3Y Avg | 31.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 51.3 |
| P/S | 6.4 |
| P/EBIT | 18.0 |
| P/E | 26.1 |
| P/CFO | 21.7 |
| Total Yield | 3.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.5% |
| 3M Rtn | -23.4% |
| 6M Rtn | -45.4% |
| 12M Rtn | -9.5% |
| 3Y Rtn | 65.7% |
| 1M Excs Rtn | -0.7% |
| 3M Excs Rtn | -17.8% |
| 6M Excs Rtn | -41.7% |
| 12M Excs Rtn | -26.0% |
| 3Y Excs Rtn | 12.8% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.