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. In the quarter to June 2026, revenue fell 44.3%, EPS fell 287.4%, free cash flow grew 2.25% and total debt fell 13.5%, each against the same quarter a year earlier.
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Bullish (BLSH) P/E ratio
Bullish has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 0.0× (October 2026) — the current reading is the highest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 6 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| BLSH Bullish | n/m |
| VRNS Varonis Systems, Inc. compare | n/m |
| CORZ Core Scientific, Inc. compare | n/m |
| RELY Remitly Global, Inc. compare | 16.7× |
| DLO DLocal Limited compare | 21.0× |
| ACIW ACI Worldwide, Inc. compare | 24.0× |
| BOX Box, Inc. compare | 54.9× |
| BB BlackBerry Limited compare | 59.9× |
| TENB Tenable Holdings, Inc. compare | 701× |
| Software Infrastructure industry median | 28.4× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)