QualityDipStocks / Finance · Consumer finance
Bullish BLSH
Outside our quality screen, so we don’t track its dips. It’s 55% below its 52-week high.
Outside our quality screen. No fair value estimate for now: its share count is unclear.
- Fair value est.
- n/a
- Market Value
- —
- Off 52-wk high
- −55%
- Risk vs market
- Highbeta 2.95
2 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the low ($21.79, Jul 31) about 46%; today about 47%. The last 3 years delivered 45%/yr (revenue).
Dashed line: what the last 3 years delivered, 45%/yr (revenue)
| Low | Now | |
|---|---|---|
| Price | $21.79Jul 31 | $22.54 |
| Implied growth | +46% | +47% |
| P/FCF | 148.8× | 153.9× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for BLSH: SEC share count doesn't match the listed shares. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much BLSH moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 5.9× the S&P 500’s.
- Beta vs S&P 500
- 2.95
- Volatility
- 76% vs 13% SPY
- Correlation SPY
- 0.50
- Correlation QQQ
- 0.47
Valuation details
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 2 of 5
GrowthSales compounded 45% a year from FY2023 to FY2025.
ValuationPrice / book of 0.9×, below the 1.7× median for the 296 Finance companies we cover.
Top bearish points 5 of 5
GrowthSales growth slowed to −2% over the last 12 months, from 45% a year over the prior three fiscal years.
ProfitabilityLost $765M over the last 12 months (net income, SEC filings).
ValuationFree-cash-flow yield is just 0.6% (price / FCF 154×), so the price leans on future growth.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%.
RiskSwings hard: beta 2.95 vs the S&P 500 and 76% yearly volatility (SPY 13%).
All fundamentals
FCF yield 0.6% · ROE -27% · Sales −2%
Valuation
- P/E
- n/aloss over the last 12 months
- Price / FCF
- 153.9×
- FCF yield
- 0.6%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 0.01×
- Price / book
- 0.90×
- Market cap
- $2.9Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $245B
- Sales growth, 12 months
- −2.2%vs the 12 months before
- Sales growth, 3 yrs
- +45.0%/yrfrom FY2023
- Diluted EPS, 12 months
- −$5.99
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- −$765M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 0.0%
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- −0.3%
- FCF margin
- 0.0%
- Return on equity
- −27%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $88M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $19M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Bullish’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.4B · Sales +69%
- Free cash flow, 12 months−$0.4B
- Free-cash-flow yield0.6%
- Return on equity−57%
- Sales growth (latest quarter vs year-ago quarter)+69%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $22.54
- 52-wk lowlowest close, 1 year$21.79−3.3%
- PriceMon Nov 2 close$22.54you are here
- 52-wk highhighest close, 1 year$50.57+124.4%
Momentum & 52-week range
RSI 28 · 5 days −18.3%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 18
- DateWed Nov 18, before the open
- Consensus EPS$0.06
- Year-ago EPS$0.07
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
BLSH is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Bullish in the last 48 hours. Headlines as published, each linked. Their words, not ours.
Cathie WoodARK InvestInvestor
Cathie Wood Sells $2.3M Of Peter Thiel-Backed Bullish Stock, Ark Adds Crypto Names Coinbase, Circle, RobiBenzinga ·
Checked Nov 3, 1:01 PM ET. Matched by name against a maintained list plus the company’s own executives. Information only, not advice.
Compare with peers
Closest in size in Consumer finance
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.