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

Other Non-Current Assets

Last Annual Value

24.18M

3-Year CAGR

72%

5-Year CAGR

471%

10-Year CAGR

139%

Adjust for Inflation

Bullish Competitors Analysis of Other Non-Current Assets

BLSH · NYSE

Company	Other Non-Current Assets	CAGR 3Y	CAGR 5Y	CAGR 10Y
Bullish NYSE:BLSH	24.18M	59.8%	146.2%	N/A
Confluent, Inc. NASDAQ:CFLT	109.68M	7.0%	11.0%	N/A
Dropbox, Inc. NASDAQ:DBX	103.50M	24.8%	13.8%	14.6%
Amdocs Limited NASDAQ:DOX	555.89M	-4.2%	-2.5%	3.2%
Elastic N.V. NYSE:ESTC	134.06M	8.8%	16.4%	N/A
Klaviyo, Inc. NYSE:KVYO	193.06M	-1.9%	59.7%	N/A
UiPath Inc. NYSE:PATH	446.07M	32.9%	52.8%	N/A
SoundHound AI, Inc. NASDAQ:SOUN	48.62M	16.4%	73.2%	N/A
ServiceTitan, Inc. NASDAQ:TTAN	20.43M	4.7%	N/A	N/A
Varonis Systems, Inc. NASDAQ:VRNS	60.18M	17.4%	9.8%	52.8%

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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