BLSH (Bullish) Financial Strength: 9 (As of Mar. 2026) — 13% Above Median

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BLSH Bullish BLSH
17 GF Score
Price $21.79
! 3 Warning Signs
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What is Bullish Financial Strength?

Bullish BLSH -3.54% 17 Financial Strength is 9 as of Mar. 2026, which is 13% above its 10-year median of 8.00. GuruFocus rates BLSH with a GF Score™ of 17/100. The stock has 3 warning signs investors should review.

Bullish has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Bullish shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Bullish's Interest Coverage for the quarter that ended in Mar. 2026 was 0.55. Bullish's debt to revenue ratio for the quarter that ended in Mar. 2026 was 0.00. As of today, Bullish's Altman Z-Score is 67.27.


Bullish  (NYSE:BLSH) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Bullish has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Bullish Financial Strength Related Terms


BLSH vs PAY, TENB, CLBT: Financial Strength Comparison

For the Software - Infrastructure subindustry, Bullish's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength vs Software Industry

For the Software industry and Technology sector, Bullish's Financial Strength distribution charts can be found below:

* The bar in red indicates where Bullish's Financial Strength falls into.


BLSH
17GF Score
Bullish BLSH
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Bullish Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Bullish's Interest Expense for the months ended in Mar. 2026 was $-14 Mil. Its Operating Income for the months ended in Mar. 2026 was $8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $501 Mil.

Bullish's Interest Coverage for the quarter that ended in Mar. 2026 is

Interest Coverage=-1*Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.772/-14.088
=0.55

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Bullish's Debt to Revenue Ratio for the quarter that ended in Mar. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(6.547 + 500.552) / 207480.916
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Bullish has a Z-score of 67.27, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 67.27 is strong.

* 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 Financial Strength →
What does a Financial Strength of 9 mean?
Bullish (BLSH) has a Financial Strength of 9 as of Mar. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Bullish and its competitors. This is 13% above median its historical median of 8.00. Over the past decade, Bullish's Financial Strength has ranged from 7.00 to 9.00.
Is Bullish's Financial Strength too high?
Bullish's current Financial Strength of 9 is 13% above median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 9.00. Overall, Bullish has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's Financial Strength compare to PAY and TENB?
Bullish's Financial Strength of 9 can be compared against companies in the Software industry. Historically, Bullish's own Financial Strength has ranged from 7.00 to 9.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for a Software company?
A good Financial Strength depends on the Software industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Bullish and its competitors. Bullish's current Financial Strength is 9, which is 13% above median its own 10-year median of 8.00. 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 Financial Strength of 9. The current Financial Strength is 9, which is 13% above median its 10-year median of 8.00. Bullish's overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Bullish (BLSH), the current Financial Strength is 9 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.
17GF Score

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

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