BLSH (Bullish) EBITDA Margin %: -1.13% (As of Mar. 2026)


BLSH Bullish BLSH
15 GF Score
Price $21.88
! 3 Warning Signs
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What is Bullish EBITDA Margin %?

Bullish BLSH -6.77% 15 EBITDA Margin % is -1.13% as of Mar. 2026. GuruFocus rates BLSH with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 2,818 Software companies, Bullish ranks worse than 68.59% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Bullish's EBITDA for the three months ended in Mar. 2026 was $-588 Mil. Bullish's Revenue for the three months ended in Mar. 2026 was $51,870 Mil. Therefore, Bullish's EBITDA margin for the quarter that ended in Mar. 2026 was -1.13%.


Bullish  (NYSE:BLSH) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Bullish EBITDA Margin % Related Terms


Bullish EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Bullish's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bullish EBITDA Margin % Chart

Bullish Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial -96.38 -5.65 1.12 0.05 -0.30

Bullish Quarterly Data
Dec20 Jun21 Dec21 Jun22 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.42 0.21 0.08 -0.85 -1.13

BLSH vs GTLB, WEX, S: EBITDA Margin % Comparison

For the Software - Infrastructure subindustry, Bullish's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bullish EBITDA Margin % vs Software Industry

For the Software industry and Technology sector, Bullish's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Bullish's EBITDA Margin % falls into.


BLSH
15GF Score
Bullish BLSH
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bullish EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Bullish's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-725.845/244970.328
=-0.30 %

Bullish's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-588.321/51870.229
=-1.13 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of -1.13% mean?
Bullish (BLSH) has a EBITDA Margin % of -1.13% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Bullish and its competitors. According to the industry distribution chart, Bullish ranks #1933 out of 2818 companies in the Software industry, placing it in the top 68.6%.
Is Bullish's EBITDA Margin % too high?
Bullish's current EBITDA Margin % is -1.13%. Based on the distribution chart, Bullish ranks #1933 out of 2818 companies in the Software industry, which is below the industry midpoint. Overall, Bullish has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's EBITDA Margin % compare to GTLB and WEX?
According to the Software industry distribution chart, Bullish ranks #1933 out of 2818 companies for EBITDA Margin %. This places Bullish in the lower half of its industry. The industry median EBITDA Margin % is 8.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Bullish and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bullish's current EBITDA Margin % is -1.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current EBITDA Margin % of -1.13%. The current EBITDA Margin % is -1.13%. Bullish's overall GF Score™ is 15/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Bullish (BLSH), the current EBITDA Margin % is -1.13% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bullish Business Description

Address 60 Nexus Way, Camana Bay, 10A Building A, George Town, Grand Cayman, CYM, KY1-9005
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
15GF Score

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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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