Subscribe

Bullish (BLSH)

USD24.12 +1.25 (+5.44%)
KY NYSE Technology Software - Application
Address Office 101, 103, 105 Suite 70202 9005
George Town, KY
CEO Thomas W. Farley
Website bullish.com
IPO 2025-08-13
CIK 1872195 ISIN KYG169101204

Explore sections of this company profile

Description

Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company 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. It also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets to leading traditional finance institutions, including exchanges and asset managers; 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 offers news, analysis, information, conferences and networking opportunities related to digital assets, blockchain technology and the broader financial technology industry. Bullish was founded in 2020 and is based in George Town, Cayman Islands.

News Sentiment (7d)
77 Positive

Based on only 2 articles — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
USD24.12 +1.25 (+5.44%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
1M
Beta
-0.13
Float Shares
29.76M
Free Float %
19.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-9.63% -16.92% -18.04% +11.44% -2.97% -5.84% -47.56% -47.56% -47.56% -47.56% -47.56%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (7 ratings, all time) Buy
Price Targets & DCF
Current price
24.12
Low 43.00 +78.3%
Consensus 51.00 +111.5%
Median 50.00 +107.3%
High 61.00 +153.0%
Ratings Trend (MoM) 36% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 4 -1
Hold 7 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 2
52.00
+115.6%
Last Quarter 2
52.00
+115.6%
Last Year 11
55.09
+128.4%
All Time 11
55.09
+128.4%
Quality scores
Altman Z-Score
69.81
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Software - Application: +13.0%
    -2.1% Q1'26: -35.4% (vs Q1'25)
  • ✗
    EPS growth Software - Application: +28.6%
    -1,209.3% Q1'26: -63.8% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Software - Application: +45.3%
    -0.3% Q1'26: +0.1% (vs Q1'25)
  • ✗
    EBIT margin Software - Application: +9.4%
    -0.3% Q1'26: -0.1% (vs Q1'25)
  • ✗
    ROIC Software - Application: +7.5%
    -21.7% Q1'26: -8.1% (vs Q1'25)
  • ✓
    Share dilution Software - Application: +0.0%
    -12.6% ★ Q1'26: +3.4% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    -0.83× Q1'26: -2.28× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.07) × ERP
WACC = 88% × Ke + 12% × Kd (8.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 24.12
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2025
actual 		Dec 2026
5 Rev. Ana.
3 EPS Ana. 		Dec 2027
5 Rev. Ana.
2 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana. 		Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
244.97B
est: 281.19M (+87,020.1%)
382.95M
365.78M – 395.14M
+36.2% YoY
438.95M
413.83M – 464.06M
+14.6% YoY
469.26M
429.17M – 494.13M
+6.9% YoY
673.70M
616.15M – 709.41M
+43.6% YoY
EBITDA
-725.85M
est: -56.88M (-1,176.1%)
-77.47M
-79.93M – -73.99M
-36.2% YoY
-88.80M
-93.88M – -83.71M
-14.6% YoY
-94.93M
-99.96M – -86.82M
-6.9% YoY
-136.28M
-143.51M – -124.64M
-43.6% YoY
EBIT
-734.04M
est: -56.91M (-1,189.8%)
-77.51M
-79.97M – -74.03M
-36.2% YoY
-88.84M
-93.92M – -83.76M
-14.6% YoY
-94.98M
-100.01M – -86.86M
-6.9% YoY
-136.35M
-143.58M – -124.70M
-43.6% YoY
Net Income
-764.68M
est: 31.41M (-2,534.7%)
84.90M
80.54M – 89.25M
+170.3% YoY
133.97M
97.87M – 170.08M
+57.8% YoY
194.49M
172.89M – 207.89M
+45.2% YoY
317.18M
281.96M – 339.04M
+63.1% YoY
SGA
53.81M
est: 4.31M (+1,149.1%)
5.87M
5.60M – 6.05M
+36.2% YoY
6.73M
6.34M – 7.11M
+14.6% YoY
7.19M
6.58M – 7.57M
+6.9% YoY
10.32M
9.44M – 10.87M
+43.6% YoY
EPS
-5.99
est: 0.25 (-2,535.9%)
0.66
0.63 – 0.70
+170.3% YoY
1.05
0.77 – 1.33
+57.8% YoY
1.52
1.35 – 1.63
+45.2% YoY
2.48
2.21 – 2.65
+63.1% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-15 Cantor Fitzgerald Overweight Overweight Maintain
2026-05-13 Rosenblatt Neutral Neutral Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-14 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-13 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-12 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-11 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-05-08 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-07 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-06 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-05 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-04 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-01 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-30 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-29 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-22 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-21 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-20 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-17 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-16 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-15 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
40.78M
OE per share TTM
0.23
Owner's Yield
0.76%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
0.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
98
Total invested
405.03M
Insider transactions (90d)
3
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
98
-72 vs prev Q
New positions
45
Closed positions
107
Increased
68
Reduced
17
Put/Call ratio
0.96
Calls held
55.5K
Puts held
53.2K
Top institutional holders
# Investor ⇅ Shares / Δ ⇅ Mkt value / Δ ⇅ Own% / Δ ⇅ Weight% / Δ ⇅ Avg px / Perf. ⇅ Hold / Status ⇅
1 FMR LLC 4.97M +3.9M (+358.5%) 188.09M +119.2M (+173.0%) 3.89% +3.075 pp 0.01% +0.006 pp USD43.48 -12.9% 2 qtrs —
2 ARK INVESTMENT MANAGEMENT LLC 4.82M +2.2M (+87.1%) 182.60M +18.7M (+11.4%) 3.19% +1.258 pp 1.21% +0.236 pp USD51.63 -26.7% 2 qtrs —
3 BLACKROCK, INC. 2.80M +56.2K (+2.1%) 105.94M -68.4M (-39.2%) 2.19% +0.130 pp 0.00% -0.001 pp USD63.09 -40.0% 2 qtrs —
4 SUMITOMO MITSUI TRUST HOLDINGS, INC. 2.53M +1.1M (+75.3%) 95.79M +4.0M (+4.4%) 1.90% +0.817 pp 0.06% +0.003 pp USD52.55 -27.9% 2 qtrs —
5 NIKKO ASSET MANAGEMENT AMERICAS, INC. 2.52M +1.1M (+75.7%) 95.51M +4.1M (+4.5%) 1.67% +0.593 pp 1.10% +0.218 pp USD52.52 -27.9% 2 qtrs —
6 INVESCO LTD. 2.20M +1.0M (+87.2%) 83.22M +8.6M (+11.5%) 1.72% +0.839 pp 0.01% +0.001 pp USD51.62 -26.6% 2 qtrs —
7 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.56M +104.7K (+7.2%) 59.23M -33.6M (-36.2%) 1.18% +0.079 pp 0.02% -0.010 pp USD61.89 -38.8% 2 qtrs —
8 UBS GROUP AG 1.31M +1.1M (+486.1%) 49.58M +35.4M (+248.9%) 1.03% +0.857 pp 0.01% +0.006 pp USD42.26 -10.4% 2 qtrs —
9 JANUS HENDERSON GROUP PLC 1.24M +328.4K (+36.1%) 46.89M -11.0M (-19.0%) 0.97% +0.286 pp 0.02% -0.005 pp USD56.78 -33.3% 2 qtrs —
10 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. 930.8K -191.3K (-17.0%) 35.25M -36.1M (-50.6%) 0.73% -0.115 pp 0.02% -0.021 pp USD63.61 -40.5% 2 qtrs —
11 STEPHENS INVESTMENT MANAGEMENT GROUP LLC 850.2K +424.5K (+99.7%) 32.20M +5.1M (+18.9%) 0.64% +0.319 pp 0.42% +0.068 pp USD50.76 -25.4% 2 qtrs —
12 ALLIANCEBERNSTEIN L.P. 769.3K -31.7K (-4.0%) 29.13M -21.8M (-42.8%) 0.51% -0.092 pp 0.01% -0.007 pp USD63.61 -40.5% 2 qtrs —
13 VAN ECK ASSOCIATES CORP 644.2K -39.2K (-5.7%) 24.40M -19.1M (-43.9%) 0.50% -0.009 pp 0.02% -0.020 pp USD63.61 -40.5% 2 qtrs —
14 ALYESKA INVESTMENT GROUP, L.P. 623.6K +23.6K (+3.9%) 23.61M -14.6M (-38.1%) 0.49% +0.037 pp 0.07% -0.049 pp USD62.64 -39.5% 2 qtrs —
15 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 461.2K +289.7K (+168.9%) 17.47M +6.6M (+60.1%) 0.36% +0.232 pp 0.01% +0.003 pp USD47.44 -20.2% 2 qtrs —
16 NORGES BANK 450.0K +450.0K (+100.0%) 17.04M +17.0M (+100.0%) 0.30% +0.298 pp 0.00% +0.002 pp USD37.87 +0.0% 1 qtrs NEW
17 BALYASNY ASSET MANAGEMENT L.P. 333.4K -342.0K (-50.6%) 12.62M -30.3M (-70.6%) 0.26% -0.247 pp 0.02% -0.038 pp USD63.61 -40.5% 2 qtrs —
18 CITADEL ADVISORS LLC 321.9K -363.0K (-53.0%) 12.19M -31.4M (-72.0%) 0.25% -0.263 pp 0.00% -0.005 pp USD63.61 -40.5% 2 qtrs —
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 319.7K +189.6K (+145.7%) 12.11M +3.8M (+46.3%) 0.25% +0.153 pp 0.00% +0.000 pp USD48.34 -21.7% 2 qtrs —
20 GEODE CAPITAL MANAGEMENT, LLC 315.5K +159.9K (+102.8%) 11.95M +2.1M (+20.7%) 0.25% +0.130 pp 0.00% +0.000 pp USD50.56 -25.1% 2 qtrs —
21 PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC 300.0K +180.0K (+150.0%) 11.36M +3.7M (+48.8%) 0.20% +0.109 pp 1.22% +0.364 pp USD48.17 -21.4% 2 qtrs —
22 STATE STREET CORP 275.0K +275.0K (+100.0%) 10.42M +10.4M (+100.0%) 0.22% +0.215 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
23 FREESTONE GROVE PARTNERS LP 269.0K +119.0K (+79.3%) 10.19M +646.1K (+6.8%) 0.18% +0.066 pp 0.07% +0.002 pp USD52.22 -27.5% 2 qtrs —
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 257.5K +257.5K (+100.0%) 9.75M +9.8M (+100.0%) 0.17% +0.171 pp 0.00% +0.002 pp USD37.87 +0.0% 1 qtrs NEW
25 JANE STREET GROUP, LLC 257.4K -16.8K (-6.1%) 9.75M -7.7M (-44.1%) 0.20% -0.005 pp 0.00% -0.001 pp USD63.61 -40.5% 2 qtrs —
26 TOROSO INVESTMENTS, LLC 221.9K -1.4M (-85.9%) 8.40M -91.7M (-91.6%) 0.17% -1.009 pp 0.02% -0.180 pp USD63.61 -40.5% 2 qtrs —
27 BLACKSTONE INC. 200.0K +— (+0.0%) 7.57M -5.1M (-40.5%) 0.13% -0.018 pp 0.03% -0.021 pp USD63.61 -40.5% 2 qtrs —
28 ROVIDA INVESTMENT MANAGEMENT LTD 200.0K -64.1K (-24.3%) 7.57M -9.2M (-55.0%) 0.15% -0.048 pp 1.03% -0.874 pp USD63.61 -40.5% 2 qtrs —
29 JPMORGAN CHASE & CO 163.5K +8.4K (+5.4%) 6.19M -3.7M (-37.2%) 0.12% +0.006 pp 0.00% 0.000 pp USD62.28 -39.2% 2 qtrs —
30 MORGAN STANLEY 163.2K +106.9K (+189.7%) 6.18M +2.6M (+72.5%) 0.13% +0.086 pp 0.00% +0.000 pp USD46.75 -19.0% 2 qtrs —
31 ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. 160.0K +160.0K (+100.0%) 6.06M +6.1M (+100.0%) 0.12% +0.120 pp 0.01% +0.009 pp USD37.87 +0.0% 1 qtrs NEW
32 LMR PARTNERS LLP 153.2K +— (+0.0%) 5.80M -3.9M (-40.5%) 0.12% +0.005 pp 0.01% -0.032 pp USD63.61 -40.5% 2 qtrs —
33 SEVEN GRAND MANAGERS, LLC 150.0K +— (+0.0%) 5.68M -3.9M (-40.5%) 0.10% -0.013 pp 0.43% -0.342 pp USD63.61 -40.5% 2 qtrs —
34 SCULPTOR CAPITAL LP 142.8K +109.2K (+325.0%) 5.41M +3.3M (+153.0%) 0.11% +0.087 pp 0.06% +0.030 pp USD43.93 -13.8% 2 qtrs —
35 IQ EQ FUND MANAGEMENT (IRELAND) LTD 137.7K +83.9K (+156.0%) 5.22M +1.8M (+52.4%) 0.09% +0.051 pp 0.36% +0.128 pp USD47.93 -21.0% 2 qtrs —
36 LAZARD ASSET MANAGEMENT LLC 134.6K +47.3K (+54.3%) 5.10M -452.6K (-8.2%) 0.09% +0.024 pp 0.01% +0.001 pp USD54.56 -30.6% 2 qtrs —
37 EXCHANGE TRADED CONCEPTS, LLC 133.0K -30.9K (-18.8%) 5.04M -5.4M (-51.7%) 0.10% -0.023 pp 0.04% -0.050 pp USD63.61 -40.5% 2 qtrs —
38 MAREX GROUP PLC 131.0K +131.0K (+100.0%) 4.96M +5.0M (+100.0%) 0.09% +0.087 pp 0.03% +0.031 pp USD37.87 +0.0% 1 qtrs NEW
39 ZIMMER PARTNERS, LP 110.0K +— (+0.0%) 4.17M -2.8M (-40.5%) 0.07% -0.010 pp 0.11% -0.041 pp USD63.61 -40.5% 2 qtrs —
40 GHISALLO CAPITAL MANAGEMENT LLC 110.0K +— (+0.0%) 4.17M -2.8M (-40.5%) 0.07% -0.010 pp 0.19% -0.043 pp USD63.61 -40.5% 2 qtrs —
41 SOROS FUND MANAGEMENT LLC 108.2K -97.1K (-47.3%) 4.10M -9.0M (-68.6%) 0.08% -0.070 pp 0.05% -0.139 pp USD63.61 -40.5% 2 qtrs —
42 WINTON GROUP LTD 107.9K -3.7K (-3.3%) 4.09M -3.0M (-42.4%) 0.07% -0.012 pp 0.14% -0.125 pp USD63.61 -40.5% 2 qtrs —
43 WALLEYE TRADING LLC 106.9K +32.8K (+44.3%) 4.05M -665.2K (-14.1%) 0.08% +0.028 pp 0.01% -0.001 pp USD55.71 -32.0% 2 qtrs —
44 TIGER GLOBAL MANAGEMENT LLC 100.0K +— (+0.0%) 3.79M -2.6M (-40.5%) 0.07% -0.009 pp 0.01% -0.007 pp USD63.61 -40.5% 2 qtrs —
45 MILLENNIUM MANAGEMENT LLC 99.3K +48.4K (+95.1%) 3.76M +522.7K (+16.2%) 0.08% +0.040 pp 0.00% +0.000 pp USD51.06 -25.8% 2 qtrs —
46 NUVEEN, LLC 82.4K +55.2K (+203.4%) 3.12M +1.4M (+80.6%) 0.06% +0.044 pp 0.00% +0.000 pp USD46.36 -18.3% 2 qtrs —
47 NORTH REEF CAPITAL MANAGEMENT LP 81.3K +1.3K (+1.6%) 3.08M -2.0M (-39.5%) 0.05% -0.006 pp 0.12% -0.114 pp USD63.20 -40.1% 2 qtrs —
48 VOYA INVESTMENT MANAGEMENT LLC 79.9K +57.7K (+258.8%) 3.03M +1.6M (+113.6%) 0.05% +0.036 pp 0.00% +0.002 pp USD45.04 -15.9% 2 qtrs —
49 VESTMARK ADVISORY SOLUTIONS, INC. 79.6K +36.9K (+86.3%) 3.01M +296.8K (+10.9%) 0.05% +0.021 pp 0.04% -0.011 pp USD51.69 -26.7% 2 qtrs —
50 BANK OF NEW YORK MELLON CORP 75.7K +75.7K (+100.0%) 2.87M +2.9M (+100.0%) 0.05% +0.050 pp 0.00% +0.001 pp USD37.87 +0.0% 1 qtrs NEW
51 RENAISSANCE TECHNOLOGIES LLC 56.3K +56.3K (+100.0%) 2.13M +2.1M (+100.0%) 0.04% +0.044 pp 0.00% +0.003 pp USD37.87 +0.0% 1 qtrs NEW
52 NORTHERN TRUST CORP 52.6K +52.6K (+100.0%) 1.99M +2.0M (+100.0%) 0.04% +0.041 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
53 HARVEST PORTFOLIOS GROUP INC. 52.6K +52.6K (+100.0%) 1.99M +2.0M (+100.0%) 0.04% +0.040 pp 0.03% +0.035 pp USD37.87 +0.0% 1 qtrs NEW
54 GOTHAM ASSET MANAGEMENT, LLC 51.3K +46.3K (+935.3%) 1.94M +1.6M (+516.3%) 0.03% +0.030 pp 0.01% +0.006 pp USD40.36 -6.2% 2 qtrs —
55 TD ASSET MANAGEMENT INC 49.1K -6.8K (-12.2%) 1.86M -1.7M (-47.7%) 0.03% -0.010 pp 0.00% -0.001 pp USD63.61 -40.5% 2 qtrs —
56 CLEAR STREET MARKETS LLC 46.8K +46.8K (+100.0%) 1.77M +1.8M (+100.0%) 0.03% +0.031 pp 0.23% +0.231 pp USD37.87 +0.0% 1 qtrs NEW
57 BANK OF AMERICA CORP /DE/ 46.3K -80.0K (-63.3%) 1.75M -6.3M (-78.2%) 0.04% -0.059 pp 0.00% 0.000 pp USD63.61 -40.5% 2 qtrs —
58 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 42.8K +— (+0.0%) 1.68M -1.0M (-38.3%) 0.03% +0.000 pp 0.00% -0.001 pp USD63.61 -40.5% 2 qtrs —
59 VANGUARD GROUP INC 43.2K +43.2K (+100.0%) 1.64M +1.6M (+100.0%) 0.03% +0.034 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
60 FRANKLIN RESOURCES INC 41.5K +1.5K (+3.7%) 1.57M -974.0K (-38.3%) 0.03% -0.003 pp 0.00% 0.000 pp USD62.70 -39.6% 2 qtrs —
61 WALLEYE CAPITAL LLC 35.8K +3.7K (+11.6%) 1.35M -683.1K (-33.5%) 0.03% +0.004 pp 0.00% -0.004 pp USD60.93 -37.8% 2 qtrs —
62 NOMURA HOLDINGS INC 34.2K +22.5K (+193.4%) 1.29M +553.4K (+74.7%) 0.03% +0.018 pp 0.00% +0.001 pp USD46.64 -18.8% 2 qtrs —
63 GOLDMAN SACHS GROUP INC 33.4K +33.4K (+100.0%) 1.26M +1.3M (+100.0%) 0.03% +0.026 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
64 LPL FINANCIAL LLC 32.2K +12.3K (+61.6%) 1.22M -48.3K (-3.8%) 0.02% +0.006 pp 0.00% +0.000 pp USD53.80 -29.6% 2 qtrs —
65 WELLS FARGO & COMPANY/MN 32.0K +2.5K (+8.5%) 1.21M -663.7K (-35.4%) 0.03% +0.003 pp 0.00% 0.000 pp USD61.58 -38.5% 2 qtrs —
66 READYSTATE ASSET MANAGEMENT LP 30.0K +5.0K (+20.1%) 1.14M -453.4K (-28.5%) 0.02% +0.001 pp 0.05% -0.022 pp USD59.30 -36.1% 2 qtrs —
67 ROYAL BANK OF CANADA 25.1K -90.1K (-78.2%) 950.0K -6.4M (-87.0%) 0.02% -0.067 pp 0.00% -0.001 pp USD63.61 -40.5% 2 qtrs —
68 DELTA GLOBAL MANAGEMENT LP 23.5K +23.5K (+100.0%) 889.9K +889.9K (+100.0%) 0.02% +0.018 pp 0.04% +0.041 pp USD37.87 +0.0% 1 qtrs NEW
69 CAPITAL FUND MANAGEMENT S.A. 23.5K +23.5K (+100.0%) 889.9K +889.9K (+100.0%) 0.02% +0.018 pp 0.00% +0.003 pp USD37.87 +0.0% 1 qtrs NEW
70 RHUMBLINE ADVISERS 22.5K +22.5K (+100.0%) 853.6K +853.6K (+100.0%) 0.02% +0.018 pp 0.00% +0.001 pp USD37.87 +0.0% 1 qtrs NEW
71 SEI INVESTMENTS CO 21.3K +15.7K (+275.5%) 808.2K +446.7K (+123.6%) 0.01% +0.010 pp 0.00% +0.000 pp USD44.72 -15.3% 2 qtrs —
72 RENAISSANCE CAPITAL LLC 21.1K -17.2K (-45.0%) 797.2K -1.6M (-67.3%) 0.02% -0.013 pp 0.57% -0.791 pp USD63.61 -40.5% 2 qtrs —
73 CETERA INVESTMENT ADVISERS 19.9K +3.2K (+19.2%) 755.2K -309.0K (-29.0%) 0.02% +0.003 pp 0.00% 0.000 pp USD59.47 -36.3% 2 qtrs —
74 BENJAMIN EDWARDS INC 19.9K +8.4K (+73.4%) 753.2K +23.6K (+3.2%) 0.01% +0.006 pp 0.01% +0.000 pp USD52.71 -28.2% 2 qtrs —
75 TWO SIGMA INVESTMENTS, LP 18.8K -548.9K (-96.7%) 712.9K -35.4M (-98.0%) 0.01% -0.412 pp 0.00% -0.053 pp USD63.61 -40.5% 2 qtrs —
76 ENVESTNET ASSET MANAGEMENT INC 17.2K +1.5K (+9.8%) 653.1K -345.6K (-34.6%) 0.01% +0.002 pp 0.00% 0.000 pp USD61.30 -38.2% 2 qtrs —
77 ROCKEFELLER CAPITAL MANAGEMENT L.P. 16.3K +7.2K (+79.3%) 616.1K +38.8K (+6.7%) 0.01% +0.006 pp 0.00% +0.000 pp USD52.23 -27.5% 2 qtrs —
78 B & T CAPITAL MANAGEMENT DBA ALPHA CAPITAL MANAGEMENT 15.5K +4.2K (+37.1%) 587.5K -132.0K (-18.4%) 0.01% +0.004 pp 0.08% -0.031 pp USD56.64 -33.1% 2 qtrs —
79 CANTOR FITZGERALD, L. P. 15.5K +15.5K (+100.0%) 585.1K +585.1K (+100.0%) 0.01% +0.010 pp 0.01% +0.009 pp USD37.87 +0.0% 1 qtrs NEW
80 PRICE T ROWE ASSOCIATES INC /MD/ 15.2K +15.2K (+100.0%) 575.0K +575.0K (+100.0%) 0.01% +0.010 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
81 VONTOBEL HOLDING LTD. 14.0K +10.1K (+259.0%) 530.2K +282.1K (+113.7%) 0.01% +0.006 pp 0.00% +0.001 pp USD45.04 -15.9% 2 qtrs —
82 TREASURER OF THE STATE OF NORTH CAROLINA 13.9K +13.9K (+100.0%) 525.0K +525.0K (+100.0%) 0.01% +0.011 pp 0.00% +0.002 pp USD37.87 +0.0% 1 qtrs NEW
83 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 13.6K +13.6K (+100.0%) 516.9K +516.9K (+100.0%) 0.01% +0.009 pp 0.00% +0.004 pp USD37.87 +0.0% 1 qtrs NEW
84 NEW YORK STATE COMMON RETIREMENT FUND 13.5K +13.5K (+100.0%) 511.2K +511.2K (+100.0%) 0.01% +0.009 pp 0.00% +0.001 pp USD37.87 +0.0% 1 qtrs NEW
85 BNP PARIBAS ARBITRAGE, SNC 12.8K +12.8K (+100.0%) 484.7K +484.7K (+100.0%) 0.01% +0.010 pp 0.00% +0.000 pp USD37.87 +0.0% 1 qtrs NEW
86 CITIGROUP INC 12.7K +9.6K (+303.6%) 482.0K +281.4K (+140.3%) 0.01% +0.006 pp 0.00% +0.000 pp USD44.25 -14.4% 2 qtrs —
87 — 11.4K +11.4K (+100.0%) 429.9K +429.9K (+100.0%) 0.01% +0.009 pp 0.02% +0.020 pp USD37.87 +0.0% 1 qtrs NEW
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.18
Bearish
Ratio by volume
0.24
Bearish
Buys
2
Sells
11
Shares acquired
80.2K
Shares disposed
328.1K
Cash buys
—
Cash sales
9.00
Net activity
-247,813
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-05-11 Farley Thomas W Director / Officer S-Sale D Ordinary Shares 5,500 42.25 232.4K 74,500 D ↗
2026-05-05 Farley Thomas W Director / Officer S-Sale A Ordinary Shares 247 0.00 — 4,973,528 D ↗
2026-04-27 Farley Thomas W Director / Officer M-Exempt D Incentive Units 80,000 0.00 — 4,893,528 D ↗
2026-04-10 Farley Thomas W Director / Officer S-Sale D Ordinary Shares 1,100 37.34 41.1K 4,973,528 D ↗
2026-04-02 Farley Thomas W Director / Officer M-Exempt D Incentive Units 80,000 0.00 — 4,973,528 D ↗
2026-04-02 Blumer Brendan Francis Director / 10% Owner X-InTheMoney D Call Option (obligation to sell) 7,813 11.10 86.7K 0 I ↗
2026-03-18 Yuan Kokuei Director / 10% Owner — — Ordinary Shares 0 0.00 — 35,666 I ↗
2026-03-18 Wynn Andrew Charles Director — — Ordinary Shares 0 0.00 — 6,208 D ↗
2026-03-18 Simon Karen Jo Director — — Ordinary Shares 0 0.00 — 20,270 D ↗
2026-03-18 Farley Thomas W Director / Officer — — Incentive Units 5,053,528 0.00 — 0 D ↗
2026-03-18 Bonanno David Officer — — Incentive Units 1,736,976 0.00 — 0 D ↗
2026-03-18 Blumer Brendan Francis Director / 10% Owner — — Ordinary Shares 0 0.00 — 39,157,869 D ↗
2026-03-18 Bliss Andrew Director — — Ordinary Shares 0 0.00 — 5,040,002 I ↗

Executive team

Top executives
EBIT / Employee
-1.77M
Shares Outstanding
151.65M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-14 6-K ↗
2026-05-13 4 ↗
2026-05-07 6-K ↗
2026-05-06 4 ↗
2026-05-05 6-K ↗
2026-05-05 6-K ↗
2026-04-23 6-K ↗
2026-04-13 4 ↗
2026-04-08 6-K ↗
2026-04-06 4 ↗

Executive team

NameTitleCompensationGender
Chris Tyrer President of Bullish Exchange — male
David Whalen Bonanno Chief Financial Officer — male
George Gaffney Chief Operating Officer — male
James Mendes Chief People Officer — male
Jay Yarow President of CoinDesk Media & Events — male
Jose A. Torres Chief Accounting Officer — —
Liam Foley Director of Corporate Development — —
Michael Fedele Vice President of Finance — —
Mothusi Majinda Chief Technology Officer — male
Nicholas Armstrong General Counsel — male
Thomas W. Farley Chief Executive Officer & Chairman — male
ESG Rating
E (Environmental)
75.7
S (Social)
97.8
G (Governance)
80.0
ESG Total
84.5
ESG Score History
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits

Related companies

Largest companies in Software - Application