Bullish

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

22.82 0.28 +1.24%
Market cap
$3.5B
P/E
0.0×
Fwd P/E
−5.6×
Dividend yield
—
F-score
4/9
Altman Z
65.89
Beneish M
n/a
Dividend safety
n/a

Bullish (BLSH) EV/FCF

Alert me on EV/FCF

As of 3 November 2026, Bullish (BLSH) trades at a EV/FCF of 22.6×. Over the past ten years it has ranged from −617× (October 2025) to 601× (January 2026); the current reading is higher than 24% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 536× 78.66%
FY2024 300× 0.00%
FY2023 300× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 23.4× (41.79%)
Mar 2026 40.1× (92.52%)
Dec 2025 536× —
Sep 2025 −565× —
6 more quarters

Against its own ten years

Low −617× High 601×
Ten-year median 37.6×
Current reading's percentile 24

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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