stockrowBullish
BLSH Technology Software Infrastructure
Bullish’s revenue for fiscal 2025 (year ended December 2025) was $245.0 billion, down 2.11% from fiscal 2024.
- Revenue
- −44.3%
- EPS
- −287.4%
- Free cash flow
- +2.25%
- Total debt
- −13.5%
Quarter to June 2026, against a year earlier
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Bullish (BLSH) EV/EBITDA
Bullish has no meaningful EV/EBITDA: its trailing twelve-month EBITDA is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 137× (October 2025) — the current reading is the lowest in ten years.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 125× | — |
| 6 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| TCGL TechCreate Group Ltd. compare | n/m |
| BLSH Bullish | n/m |
| WIX Wix.com Ltd. compare | n/m |
| FOUR Shift4 Payments, Inc. compare | 7.9× |
| DLO DLocal Limited compare | 11.2× |
| TDC Teradata Corporation compare | 12.8× |
| CLBT Cellebrite DI Ltd. compare | 33.9× |
| AVPT AvePoint, Inc. compare | 58.6× |
| APPN Appian Corporation compare | 179× |
| Software Infrastructure industry median | 15.0× |
| Technology sector median | 15.3× |
| Market median | 11.2× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BLSH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- The full statement