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
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Bullish (BLSH) 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 | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| CLBT Cellebrite DI Ltd. compare | −129× |
| TCGL TechCreate Group Ltd. compare | 0.0× |
| TDC Teradata Corporation compare | 3.9× |
| DLO DLocal Limited compare | 7.7× |
| WIX Wix.com Ltd. compare | 9.5× |
| BLSH Bullish | 22.6× |
| FOUR Shift4 Payments, Inc. compare | 24.0× |
| AVPT AvePoint, Inc. compare | 30.7× |
| APPN Appian Corporation compare | 47.1× |
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))
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/EBITDA
- EV/Sales
- 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