BLSH vs WEWA vs CYPH Stock Comparison

Bullish, Wewards and Cypherpunk Technologies Prices as of Oct 26, 2026 Peers: Industry group
BLSH Bullish
$27.63 -26.5% 1M -49.0% 1Y
Market cap
$3.71B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
1 win
WEWA Wewards, Inc.
$2.00 0.0% 1M -5.2% 1Y
Market cap
$214.97M
P/E
–
Revenue (TTM)
—
Div. yield
–
Blockchain Infrastructure Technology
2 wins

Head to Head

5 decided of 12

Cypherpunk Technologies leads on 2 of the 12 questions below (Cypherpunk Technologies 2, Wewards 2, Bullish 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLSHWEWACYPHLeader
Larger companyMarket capitalisation $3.71B $214.97M $579.71M BLSH
Cheaper on earningsLower P/E, profitable companies only -2.7x -599.4x 9.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 65.8x — — –
Faster revenue growthRevenue growth, trailing twelve months -26.5% — — –
More profitableNet margin, trailing twelve months -0.7% — — –
Better return on capitalReturn on invested capital -4.8% — — –
Less leveragedLower net debt / EBITDA 2.6x — — –
Higher dividend yieldTrailing dividend yield 0.00% — 0.00% –
Better 1-year returnPrice return, last 12 months -49.0% -5.2% +489.6% CYPH
Better 5-year returnAnnualised price return, 5 years — +131.8%/yr -36.6%/yr WEWA
Less volatileAnnualised volatility, 1 year 73.1% 5.4% 233.5% WEWA
Higher overall scoreMean of the five percentile scores vs peers 63/100 — 69/100 CYPH

Percentile Scorecard

BLSHWEWACYPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLSHWEWACYPH
Valuation 77 #24 of 99 41 #59 of 99 53 #47 of 99
Growth 33 #63 of 94 84 #16 of 94 90 #10 of 94
Profitability 48 #47 of 90 – 89 #11 of 90
Financial Health 95 #6 of 105 – 89 #12 of 105
Shareholder Returns – – 23 #47 of 61
Overall 63 – 69
  • BLSH ranked among 109 companies in Fintech
  • WEWA ranked among 109 companies in Fintech
  • CYPH ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLSHWEWACYPHSPY
1 month -26.5%0.0%-31.3% -0.8%
3 months +21.2%0.0%+349.2% +3.5%
6 months -29.0%0.0%+204.3% +7.0%
Year to date -27.0%-5.2%+144.0% +12.2%
1 year -49.0%-5.2%+489.6% +13.0%
3 years —-1.0%+102.1% +86.3%
3 years, per year —-0.3%+26.5% +23.1%
5 years —+6,566.7%-89.7% +68.6%
5 years, per year —+131.8%-36.6% +11.0%
10 years —+9,900.0%— +258.0%
10 years, per year —+58.5%— +13.6%

Risk

MeasureBLSHWEWACYPHSPY
Volatility, 1Y 73.1%5.4%233.5% 12.7%
Downside volatility, 1Y 70.7%—168.6% 12.7%
Beta vs S&P 500, 1Y 2.720.014.84 1.00
Return / volatility, 1Y -0.67-0.972.10 1.02
Max drawdown, 5Y -70.8%-9.1%-99.3% -25.4%
From 52-week high -50.9%-5.2%-31.3% -1.8%
52-week high $56.31$2.11$4.12 $779.14
52-week low $21.79$2.00$0.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLSHWEWACYPH
P/E now vs peer median -2.5xmedian 20.6x -599.4xmedian 20.6x 8.7xmedian 20.6x
P/S now vs peer median 0.0xmedian 2.3x —median 2.3x —median 2.3x
EV/EBITDA now vs peer median -32.6xmedian 15.4x —median 15.4x —median 15.4x
P/FCF now vs peer median 36.6xmedian 16.4x -5,608xmedian 16.4x —median 16.4x
P/B now vs peer median 1.7xmedian 1.9x 2,866,225xmedian 1.9x 3.7xmedian 1.9x
PEG now vs peer median —median 1.05 -27.22median 1.05 0.32median 1.05

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLSHWEWACYPH
Revenue $190.34B – –
Gross profit $71.94M – –
Operating income -$124.59M -$66.83K -$29.84M
Net income -$1.43B -$358.65K $59.65M
Free cash flow $113.88M -$38.34K –
R&D – – $12.96M
EPS (diluted) $-10.84 $0.00 $0.27
Cash & equivalents $86.61M – $7.62M
Total debt $11.00K – –
Shares (diluted) 127.72M 107.48M 217.34M
Enterprise value -$1.11B $214.97M $530.24M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLSHWEWACYPH
P/E -2.5x -599.4x 8.7x
P/FCF 36.6x -5,608x –
P/Operating cash flow 33.9x -5,608x –
P/S 0.0x – –
P/B 1.7x 2,866,225x 3.7x
P/Tangible book 1.7x 2,866,225x 52.5x
EV/EBITDA -32.6x – –
EV/EBIT -30.9x -3,217x -17.2x
EV/Revenue 0.0x – –
EV/FCF 33.8x -5,608x –
EV/Operating cash flow 31.3x -5,608x –
PEG (3Y EPS CAGR) – -27.22 0.32

Growth

14 metrics
MetricBLSHWEWACYPH
Revenue growth (1Y) -26.5% – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) -17.9% – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -57.2% 24.0% 55.3%
Operating income CAGR (3Y) – 35.2% 29.9%
Net income growth (1Y) -858.6% 39.7% 190.8%
Net income CAGR (3Y) – 22.0% 39.6%
EPS growth (1Y) -755.9% 39.7% 117.3%
EPS CAGR (3Y) – 22.0% 27.0%
Operating cash flow growth (1Y) 190.7% 45.2% –
Operating cash flow CAGR (3Y) – 46.2% –
Free cash flow growth (1Y) 171.4% 45.2% –
Free cash flow CAGR (3Y) – 46.2% –

Profitability

14 metrics
MetricBLSHWEWACYPH
Gross margin 0.0% – –
EBITDA margin -0.1% – –
Operating margin -0.1% – –
Pretax margin -0.8% – –
Net margin -0.7% – –
FCF margin 0.1% – –
Operating cash flow margin 0.1% – –
Return on equity -55.4% – 40.7%
Return on assets -44.5% -191,282% 39.0%
Return on invested capital -4.8% – –
Return on capital employed -4.0% – -19.7%
Asset turnover 59.3x – –
Cash conversion (OCF / net income) -0.1x 0.1x –
Stock comp / revenue 0.0% – –

Financial Health

11 metrics
MetricBLSHWEWACYPH
Debt / assets 0.0% – –
Debt / equity 0.0x – –
Net debt / EBITDA 2.6x – –
Debt / FCF 0.0x – –
Liabilities / assets 20.6% – 2.6%
Equity / assets 79.4% 100.0% 97.4%
Interest coverage -2.2x -0.2x -1,243x
Current ratio 23.5x – 79.2x
Quick ratio 2.5x – 4.4x
Cash ratio 2.5x – 4.4x
Altman Z-score 64.94 – –

Shareholder Returns

7 metrics
MetricBLSHWEWACYPH
Dividend yield – – –
Net buyback yield – – -3.7%
Shareholder yield – – -3.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLSHWEWACYPH
Forward P/E 65.8xFY2026 – –
EPS, next fiscal year $0.42FY2026 – $0.00FY2026
EPS growth, next FY +40.0%FY2026 – -100.0%FY2026
EPS growth, the year after +95.2% – –
Revenue, next fiscal year $364.64MFY2026 – $0.00FY2025
Revenue growth, next FY +26.4%FY2026 – –
Revenue growth, the year after +5.7% – –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLSHWEWACYPH
Held by institutions 32.8% – 8.1%
Institutions holding 175 – 47
Change in shares held, QoQ +7.8% – +103.3%
Institutions buying 87 – 30
Institutions selling 70 – 6
Buyers to sellers 1.24 – 5.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLSHWEWACYPH
BLSH 1.00 0.07 0.26
WEWA 0.07 1.00 -0.02
CYPH 0.26 -0.02 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, BLSH, WEWA and CYPH?

Bullish (BLSH) is the largest by market capitalisation: Bullish (BLSH) $3.71B, Wewards (WEWA) $214.97M, Cypherpunk Technologies (CYPH) $579.71M.

Which stock has performed better?

Over the past year Cypherpunk Technologies (CYPH) returned the most: Bullish (BLSH) -49.0%, Wewards (WEWA) -5.2%, Cypherpunk Technologies (CYPH) +489.6%. Over five years, Wewards (WEWA) compounded fastest (Wewards (WEWA) +131.8%/yr, Cypherpunk Technologies (CYPH) -36.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Wewards (WEWA) has been the steadiest (Bullish (BLSH) 73.1%, Wewards (WEWA) 5.4%, Cypherpunk Technologies (CYPH) 233.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLSH, WEWA and CYPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cypherpunk Technologies (CYPH) leads on 2. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.