Bullish
BLSHTechnologyNASDAQSoftware - Infrastructure · Last scanned Sep 7, 2026
Scan Results
Daily timeframeBullish, a global digital asset platform that provides market infrastructure and information services in United States. The $5.46B market capitalization puts BLSH squarely in mid-cap range for its industry. 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.
Market Cap
$5.46B
Beta
—
P/E (TTM)
—
P/E (Fwd)
51.43
EPS (TTM)
$-10.00
EPS (Fwd)
$0.70
ROE
-57.1%
ROA
-15.7%
Cash
$312.9M
Total Debt
$518.2M
Free CF
-$408.9M
52W Change
-28.2%
Annual Financials
Cash vs Debt
Where BLSH stands vs its 150-day and 200-day moving averages
As of the September 2, 2026 close, BLSH finished 3.83% above its 150-day moving average ($31.84) and 3.05% below its 200-day moving average ($34.10). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is BLSH overbought or oversold?
At the September 2, 2026 close, BLSH's RSI(14) was 72.7, in overbought territory (above 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $312.9M in cash, though total debt stands at $518.2M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$408.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -57.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $72.90B (2022) to $244.97B (2025), reflecting a 236% increase over the period.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BLSH.