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BLBLSH

Bullish

Hot onWhy it's trendingX chatter spiked vs its recent normMoving on elevated volumeBullish-leaning chatter
$BLSH·$3.6B·Software - Application·Technology
$24.39-11.2%YTD-38.1%1Y-67.3%
Mentions · last 7 days
2026-08-07: 5 posts2026-08-08: 5 posts2026-08-09: 4 posts2026-08-10: 9 posts2026-08-11: 6 posts2026-08-12: 22 posts2026-08-13: 73 posts124+59%
Price updated 1d ago·X counts updated 2d ago
BLBLSH
$BLSHBullish
$24.39-11.24%124 posts+59%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $BLSH, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeSelling offAI verdict · as of 2026-08-15

Falling on heavy selling — points lower unless it turns around.

Bullish is the tokenized-equity first-mover — but stock cratered 11% today, YoY -67%, and Q2 net loss $280M.

Bullish operates a digital-asset spot and derivatives exchange plus the CoinDesk index/data franchise — a legit crypto-native institutional platform, and the equity has become a bet on the tokenized-securities narrative.

  • Today's -11.2% is a real tape event: the stock is now -38% YTD and -67% YoY at just 6% of 52w range — the momentum is fully broken down despite the tokenization headlines.
  • The tokenized-equity story is genuine and first-mover: $BLSH shares now settle on Solana 24/7 in USD stablecoins — the first regulated-exchange listing to do this, which is real infrastructure-level differentiation.
  • Q2 metrics mixed: revenue $92.6M with adjusted revenue +62%, EPS $0.10 vs $0.09 estimate (+14%), 19,990 BTC held worth $1.28B on balance sheet — but Q2 GAAP net loss was $280M.
  • Analyst framing is that BLSH is 'pulling away from crypto peers' but 'a brutal July spoils the party' — sell-side sees the platform value but recognizes the tape damage.
  • Position at 6% of 52w and -31% below 200d MA with volume 2.2x normal — that's a broken-momentum chart with distribution.

What resolves this either way is either a specific tokenized-securities regulatory tailwind (Clarity Act or SEC guidance) that adds concrete revenue, or a distribution reset that removes the overhang. The invalidator is another quarter of GAAP net losses at scale. The real risk on a crypto-adjacent platform is that BTC-price cyclicality dominates the multiple regardless of narrative.

Agrees with X sentimentPartial agreement: X divergent-bullish read on tokenized-equity first-mover and BTC treasury is real. But the broken tape (-67% YoY, -11% today) and $280M Q2 net loss are specific facts the bullish tokenization framing sidesteps.

What to watch: Clarity Act progression or SEC tokenized-securities guidance, and Q3 (Nov 18) net-loss trajectory. Regulatory tailwind resolves higher; another quarter of large GAAP losses is the invalidator.

On the calendar: 2026-11-18 — Q3 earnings

price missing

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment⚠10 posts analyzed · as of 2026-08-14 · top-engagement diverged

Bullish is bullish (per the ticker). First-ever tokenized equity trades on a regulated digital asset exchange with $BLSH shares on Solana settling 24/7 in USD stablecoins, held 19,990 BTC worth $1.28B through Q2, adjusted revenue +62% to $92.6M, and CEO calling tokenized-securities 'wave is coming.' Q2 net loss of $280M noted but the tokenization-first-mover narrative dominates.

Read the AI verdict + X sentiment for $BLSH

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Crypto exchange combining central limit order book matching with automated market making for digital asset spot and derivatives trading.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Application sits in its cycle right now — and what that implies for $BLSH.

Software - Application · Technology

No material change from last week — platforms where agents expand contract value (ServiceNow, Snowflake) are re-rated upward, while tools where agents substitute human users (Adobe Creative..

What this means for $BLSH

Neutral — Crypto exchange combining central limit order book matching with automated market making for digital asset spot and derivatives trading; limited read-through from software - application macro dynamics to this specific revenue mix.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
-3.9%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-3.5How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-0.8%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-0.0%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
1.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-32.5%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
0.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 13, 2026$0.10$0.09+14.2%
Q1 2026May 14, 2026$0.13$0.15-12.9%
Q4 2025Feb 5, 2026$0.20$0.14+39.6%
Q3 2025Nov 19, 2025$0.10$0.10-3.0%
Next earningsWed, Nov 18·consensus EPS $0.12

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$51.8B-35.4%0.0%-0.1%$-3.85$76.7M
Q4 FY25$64.4B-2.5%-0.1%0.0%$-3.62$0
Q3 FY25$41.6B-23.2%0.2%0.0%$0.14$-48.7M
Q2 FY25$58.7B+18.3%0.1%-0.0%$0.74$16.8M

Forward consensus

4-year forecast · up to 5 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$367.0M$358.6M – $383.5M$0.56$0.48 – $0.705
FY27$425.3M$409.2M – $441.4M$0.90$0.76 – $1.045
FY28$449.1M$426.4M – $470.8M$1.15$1.07 – $1.221
FY29$673.7M$639.6M – $706.3M$2.23$2.09 – $2.372

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.2.2×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.6%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-0.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-30.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 37.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today8.2% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.335-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 11Thomas W FarleyCEO80.0K sh$3.5MSellMay 5Thomas W FarleyCEO494 sh—SellApr 10Thomas W FarleyCEO80.0K sh$2.9M
+ 3 other (2 exempts · 1 inthemoney) in window

See when $BLSH insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsMar 183
3/ANew insider — initial holdingsMar 183/A
3New insider — initial holdingsMar 183
3New insider — initial holdingsMar 183
3New insider — initial holdingsMar 183
3New insider — initial holdingsMar 183
3New insider — initial holdingsMar 183
3New insider — initial holdingsMar 183
+ 18 other (15 6-Ks · 2 13Gs · 1 20-F) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Bullish Is Pulling Away From Crypto Peers, Analyst Says — but a Brutal July Spoils the Partybenzinga.com·1d agoBullish Q2 Earnings Call Highlightsmarketbeat.com·2d agoBullish (BLSH) Q2 2026 Earnings Call Transcriptseekingalpha.com·2d agoBullish CEO Tom Farley explains why he favors Clarity Actyoutube.com·2d agoBullish stock surges 11% after topping Q2 revenue estimatesinvezz.com·2d ago

More in Software - Application

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Voices on X · top 10 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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