BLSH - NYSE

Bullish

BLSH·NYSE

$28.10

-4.7%

TechnologySoftware - Infrastructure

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 company also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights, operates Coindesk.com, a leading digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. Bullish was founded in 2020 and is based in George Town, Cayman Islands.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.26B

EPS-5.9900

P/E Ratio-4.69

Earnings Date08/13/2026

blsh

Intangible Assets

Last Annual Value

31.10M

3-Year CAGR

186%

5-Year CAGR

-63%

10-Year CAGR

-40%

Adjust for Inflation

Bullish Competitors Analysis of Intangible Assets

BLSH · NYSE

Company	Intangible Assets	CAGR 3Y	CAGR 5Y	CAGR 10Y
Bullish NYSE:BLSH	31.10M	-3.8%	87.7%	N/A
Confluent, Inc. NASDAQ:CFLT	6.05M	20.1%	N/A	N/A
Dropbox, Inc. NASDAQ:DBX	33.70M	-16.6%	-8.9%	3.4%
Amdocs Limited NASDAQ:DOX	156.28M	-4.9%	-9.6%	-5.7%
Elastic N.V. NYSE:ESTC	11.40M	-26.8%	-20.7%	N/A
Klaviyo, Inc. NYSE:KVYO	0.00	N/A	N/A	N/A
UiPath Inc. NYSE:PATH	19.99M	-4.6%	14.4%	N/A
SoundHound AI, Inc. NASDAQ:SOUN	181.40M	N/A	N/A	N/A
ServiceTitan, Inc. NASDAQ:TTAN	215.99M	-12.8%	N/A	N/A
Varonis Systems, Inc. NASDAQ:VRNS	16.69M	136.4%	31.1%	N/A

Bullish Fair Value Envelope

BLSH · NYSE

Our analysis suggests that BLSH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $28.1, this represents a potential HIDDEN relative to our calculated worth for Bullish.

HIDDEN

Intrinsic Value

Current Price: $28.1

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