your badges 52W Range $21–$70 27% of range Analyst Rating HOLD 18 analysts Price Target $41 +20% upside P/E -6.3 ROE -27.3% Net Profit Margin -0.31%

BLSH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $34.23
P/E -6.3
EPS $-5.99
Revenue $244.81B
ROE -27.3%
52W Range $21–$71

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10-Year Performance Revenue, net income, margins and EPS trends

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Revenue$244.81B
2023-12-31 → 2025-12-31
EPS$-5.99
2023-12-31 → 2025-12-31
Free Cash Flow$19M
2025-12-31 → 2025-12-31
Net margin-0.31%
2025-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend BLSH 5Y avg Peer Median Verdict
P/E -6.3 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio0.00%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Avg Surprise -22.9%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 13, 2026 $0.09 $0.10 -12.0%
March 31, 2026 May 14, 2026 $0.13 $0.17 -22.1%
Dec. 31, 2025 $0.19 $0.17 14.4%
Sept. 30, 2025 $0.10 $0.10 -0.81%
June 30, 2025 $-0.05 $-0.03 -93.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 10
Metric Trend 2025
Revenue $244.81B
Cost of Revenue $244.73B
Interest Expense $52M
Pretax Income $-786M
Income Tax $-944.0K
Net Income $-765M
EPS (Basic) $-5.99
EPS (Diluted) $-5.99
Shares (Basic) 127,723,000
Shares (Diluted) 127,723,000
Balance Sheet 9
Metric Trend 2025
Cash & Equivalents $88M
Current Assets $3.80B
Goodwill $63M
Intangibles $31M
Total Assets $3.96B
Current Liabilities $130M
Total Liabilities $658M
Retained Earnings $-2.67B
Stockholders' Equity $3.22B
Cash Flow 7
Metric Trend 2025
Operating Cash Flow $29M
CapEx $10M
Investing Cash Flow $2M
Dividends Paid $0
Financing Cash Flow $42M
Free Cash Flow $19M
Levered FCF $-34M
Profitability 4
Metric Trend 2025
Net Margin -0.31%
Pretax Margin -0.32%
ROA -21.8%
ROE -27.3%
Liquidity & Solvency 2
Metric Trend 2025
Current Ratio 29.3
Quick Ratio 0.7
Efficiency 1
Metric Trend 2025
Asset Turnover 69.9
Per Share 3
Metric Trend 2025
Revenue / Share $1916.74
Cash Flow / Share $0.22
EPS (TTM) $-5.99
Valuation (TTM) 6
Metric Trend 2025
Revenue TTM $244.81B
Net Income TTM $-765M
P/E -6.3
Earnings Yield -15.8%
Payout Ratio 0.00%
Annual Payout $0

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-31
Revenue $244.81B $250.20B $116.49B
Net Income $-765M $79M $1.30B
Diluted EPS $-5.99 $0.68 $10.63

Institutional owners (13F) 195 filers · $1.1B total · As of Sept. 30, 2026

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Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 195
Value held $1.1B
New positions 28
Exited positions 53
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
28 (-53 vs prior Q) 53 (+27 vs prior Q) 62 (-3 vs prior Q) 74 (+29 vs prior Q) +3.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
FMR LLC $244,989,704 10,456,240 22.87% Shares
ARK Investment Management LLC $158,063,147 6,746,186 14.76% Shares
Sumitomo Mitsui Trust Group, Inc. $94,962,095 4,053,013 8.87% Shares
Amova Asset Management Americas, Inc. $94,719,188 4,040,921 8.84% Shares
JANUS HENDERSON GROUP PLC $37,202,659 1,041,216 3.47% Shares
Stephens Investment Management Group LLC $31,770,471 1,355,974 2.97% Shares
VAN ECK ASSOCIATES CORP $29,265,430 1,249,058 2.73% Shares
BlackRock, Inc. $28,119,491 1,200,149 2.63% Shares
Galaxy Group Investments LLC $23,668,750 625,000 2.21% Shares
GEODE CAPITAL MANAGEMENT, LLC $16,634,975 230,049 1.55% Shares
MORGAN STANLEY $15,562,475 664,211 1.45% Shares
UBS Group AG $15,453,865 659,576 1.44% Shares
Invesco Ltd. $14,670,179 626,128 1.37% Shares
Galaxy Digital Inc. $14,643,750 625,000 1.37% Shares
CITADEL ADVISORS LLC $10,899,636 465,200 1.02% Call option
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $9,579,800 408,869 0.89% Shares
Southpoint Capital Advisors LP $9,372,000 400,000 0.87% Shares
Toroso Investments, LLC $8,402,103 221,867 0.78% Shares
WOLVERINE TRADING, LLC $8,260,980 132,600 0.77% Call option
JANE STREET GROUP, LLC $8,207,529 350,300 0.77% Put option
Gotham Asset Management, LLC $8,139,863 347,412 0.76% Shares
WOLVERINE TRADING, LLC $7,930,790 127,300 0.74% Put option
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $7,204,978 307,500 0.67% Shares
CITADEL ADVISORS LLC $6,230,037 265,900 0.58% Put option
RENAISSANCE TECHNOLOGIES LLC $6,205,037 264,833 0.58% Shares
Rathbones Group PLC $5,881,375 251,019 0.55% Shares
FEDERATED HERMES, INC. $5,857,500 250,000 0.55% Shares
STATE STREET CORP $5,679,174 242,389 0.53% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,196,774 221,800 0.49% Put option
Blackstone Inc. $5,017,277 214,139 0.47% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $4,988,247 212,900 0.47% Call option
GOLDMAN SACHS GROUP INC $4,868,895 207,806 0.45% Shares
Rovida Investment Management Ltd $4,688,000 200,000 0.44% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $4,626,089 197,443 0.43% Shares
IQ EQ FUND MANAGEMENT (IRELAND) Ltd $4,610,954 196,797 0.43% Shares
JANE STREET GROUP, LLC $4,585,251 195,700 0.43% Call option
Toroso Investments, LLC $4,158,126 109,800 0.39% Put option
Quantinno Capital Management LP $4,097,884 174,899 0.38% Shares
Toroso Investments, LLC $3,983,924 105,200 0.37% Call option
EXCHANGE TRADED CONCEPTS, LLC $3,706,181 158,181 0.35% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,606,603 153,931 0.34% Shares
NORGES BANK $3,514,500 150,000 0.33% Shares
LAZARD ASSET MANAGEMENT LLC $3,454,707 147,448 0.32% Shares
Vestmark Advisory Solutions, Inc. $3,308,410 141,204 0.31% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,054,522 130,368 0.29% Shares
BANK OF AMERICA CORP /DE/ $2,970,854 126,797 0.28% Shares
Robeco Institutional Asset Management B.V. $2,811,600 120,000 0.26% Shares
NORTHERN TRUST CORP $2,787,420 118,968 0.26% Shares
Marex Group Ltd $2,597,450 110,860 0.24% Shares
Walleye Capital LLC $2,401,294 102,488 0.22% Shares

Show all 195 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Brendan F. Blumer ×2 filings Feb. 9, 2026 26.80% Amendment · SEC
Kokuei Yuan Aug. 21, 2025 24.90% Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 6 insiders · 1 officers · 6 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas W Farley Chief Executive Officer April 27, 2026 M 0 0 7 $-6,428,717
Andrew Bliss Director Sept. 24, 2026 S 4,794,773 0 4 $-9,923,234
Andrew Charles Wynn Director Sept. 3, 2026 A 18,287 0 0 $0
Kokuei Yuan Director Sept. 3, 2026 A 36,463,053 0 0 $0
Brendan Francis Blumer Director Sept. 3, 2026 A 39,167,885 0 0 $0
Karen Jo Simon Director Sept. 3, 2026 A 36,494 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 17 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SATO · Invesco Exchange-Traded Fund Trust … 2.10% 5,086 SH Oct. 1, 2026 Daily
IBLC · iShares Trust 0.70% 17,536 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.07% 15,528 SH Oct. 1, 2026 Daily
SMMD · iShares Trust 0.01% 15,171 SH Sept. 11, 2026 Daily
IYF · iShares Trust 0.01% 17,298 SH Sept. 11, 2026 Daily
IWS · iShares Trust 0.01% 28,854 SH Sept. 11, 2026 Daily
IWR · iShares Trust 0.01% 84,266 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.00% 43,132 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.00% 22,978 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 9,110 SH Sept. 11, 2026 Daily
IWP · iShares Trust 0.00% 7,222 SH Sept. 11, 2026 Daily
IWF · iShares Trust 0.00% 21,471 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 23,986 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.00% 2,978 SH Aug. 19, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.00% 11,676 SH Aug. 19, 2026 Daily
VONG · VANGUARD SCOTTSDALE FUNDS 0.00% 2,017 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 1,795 SH Aug. 19, 2026 Daily

BLSH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 18 analysts BUY
Median target $42.50 +24.2%
3 16.7% Strong Buy
7 38.9% Buy
8 44.4% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

10 analysts · 2026-09-30

Mean target $41.10 +20.1%

Now Current price $34.23
Low$25.00 Mean$41.10 High$53.00

Latest News Recent headlines mentioning this company

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Bullish Earnings Fall Short As Crypto Trading Weakens Yahoo Finance · 4 months, 2 weeks ago Why Bullish Stock Zoomed Almost 12% Higher Today Nasdaq · 4 months, 3 weeks ago

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Source: SEC 20-F filed Mar 10, 2026