Wednesday 4 November 2026 Export BLSH’s income statement to Excel — free account

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

23.33 0.37 +1.61%

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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

Overview

Bullish (BLSH) P/B ratio

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As of 3 November 2026, Bullish (BLSH) trades at a P/B ratio of 1.4×. Over the past ten years it has ranged from 1.0× (February 2026) to 3.3× (August 2025); the current reading is higher than 20% of that period. That is below the Software Infrastructure industry median of 2.9× and below the Technology sector median of 2.6×.

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<iframe src="https://stockrow.com/embed/BLSH/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Bullish P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/BLSH/metrics/pb-ratio">Bullish (BLSH) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	1.5×	(51.40%)
FY2024	3.0×	0.00%
FY2023	3.0×	—

Period	P/B ratio	Change
Jun 2026	1.4×	(27.69%)
Mar 2026	2.0×	36.23%
Dec 2025	1.5×	(31.08%)
Sep 2025	2.1×	(29.48%)
6 more quarters	Free account

Against its own ten years

Low 1.0× High 3.3×

Ten-year median 1.7×

Current reading's percentile 20

Company	P/B ratio
TCGL TechCreate Group Ltd. compare	n/m
APPN Appian Corporation compare	n/m
WIX Wix.com Ltd. compare	n/m
BLSH Bullish	1.4×
FOUR Shift4 Payments, Inc. compare	1.9×
TDC Teradata Corporation compare	5.4×
CLBT Cellebrite DI Ltd. compare	5.6×
DLO DLocal Limited compare	7.0×
AVPT AvePoint, Inc. compare	7.9×
Software Infrastructure industry median	2.9×
Technology sector median	2.6×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Bullish (BLSH) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on BLSH

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