Bullish (BLSH) FinancialsBLSHBullish

Evaluating the bottom line, Bullish maintains a gross margin of 0.04%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -0.17%, while the net margin is -0.86%. These profitability ratios, combined with a Return on Equity (ROE) of -55.93%, provide a clear picture of how effectively BLSH converts its operational activities into shareholder value.

In the context of the broader market, BLSH competes directly with industry leaders such as BULL and WAY. With a market capitalization of $3.70B, it holds a significant position in the sector. When comparing efficiency, BLSH's gross margin of 0.04% stands against BULL's N/A and WAY's 56.47%. Such benchmarking helps identify whether Bullish is trading at a premium or discount relative to its financial performance.

Bullish has shown fluctuating revenue, with Q2 2026 revenue reported at $32.59 billion, but net income remains negative, with a net income of -$270 million in Q2 2026. The gross margin is low at 0.04%, reflecting challenges in profitability.