---
title: "Bullish (BLSH.US)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/BLSH.US.md"
symbol: "BLSH.US"
name: "Bullish"
industry: "Financial Exchanges and Data"
---

# Bullish (BLSH.US)

| Item | Detail |
|------|--------|
| Industry | Financial Exchanges and Data |
| Location | US Market |
| Website | [www.Bullish.com](https://www.Bullish.com) |

## Company Profile

Bullish provides market infrastructure and information services in United States. It operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. The compan...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:12.000Z

**Overall: C (0.47)**

**Industry**: Financial Exchanges and Data

| Metric | Value |
|--------|-------|
| Industry Ranking | 19 / 31 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 49.70% |  |
| Net Profit YoY | -1073.78% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.47 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 4.73B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 237.24M |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -27.31% | E |
| Profit Margin | -322.32% | E |
| Gross Margin | 100.00% | A |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 49.70% | A |
| Net Profit YoY | -1073.78% | E |
| Total Assets YoY | 29.83% | A |
| Net Assets YoY | 37.39% | A |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -31.02% | D |
| OCF YoY | 49.70% | A |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.07 | E |

#### Debt Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 16.64% | A |


```chart-data:radar
{
  "title": "Longbridge Financial Score - Bullish",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-27.31%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-322.32%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "100.00%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "49.70%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "-1073.78%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "29.83%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "37.39%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-31.02%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "49.70%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.07",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "A",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "16.64%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | Cboe Global Markets (US.CBOE) | A | B | C | C | B | B |
| 02 | Tradeweb Markets Inc-Class (US.TW) | A | B | D | A | B | B |
| 03 | Factset Research (US.FDS) | A | C | B | C | C | B |
| 04 | Miami (US.MIAX) | D | B | A | B | C | B |
| 05 | ALT5 Sigma (US.ALTS) | B | A | E | A | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -6.07 | 26/34 | - | - | - |
| PB | 1.44 | 7/34 | 3.91 | 2.19 | 1.45 |
| PS (TTM) | 19.58 | 29/34 | 33.77 | 27.72 | 0.04 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-17T05:00:00.000Z

Total Analysts: **11**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 5 | 45% |
| Overweight | 0 | 0% |
| Hold | 6 | 55% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 31.77 |
| Highest Target | 67.00 |
| Lowest Target | 29.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/BLSH.US/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/BLSH.US/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/BLSH.US/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.