UTKN vs BLSH vs CYPH Stock Comparison

Universal Token, Bullish and Cypherpunk Technologies Prices as of Oct 23, 2026 Peers: Industry group
UTKN Universal Token
$1.51 -11.2% 1M -63.2% 1Y
Market cap
$172.65M
P/E
–
Revenue (TTM)
-$1.45K
Div. yield
–
Blockchain Infrastructure Technology
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
2 wins

Head to Head

4 decided of 12

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

QuestionUTKNBLSHCYPHLeader
Larger companyMarket capitalisation $172.65M $3.71B $579.71M BLSH
Cheaper on earningsLower P/E, profitable companies only -616.6x -2.7x 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% 0.00% –
Better 1-year returnPrice return, last 12 months -63.2% -49.0% +489.6% CYPH
Better 5-year returnAnnualised price return, 5 years — — -36.6%/yr –
Less volatileAnnualised volatility, 1 year 183.8% 73.1% 233.5% BLSH
Higher overall scoreMean of the five percentile scores vs peers 50/100 63/100 69/100 CYPH

Percentile Scorecard

UTKNBLSHCYPH

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

AxisUTKNBLSHCYPH
Valuation 40 #60 of 99 77 #24 of 99 53 #47 of 99
Growth 57 #41 of 94 33 #63 of 94 90 #10 of 94
Profitability 35 #59 of 90 48 #47 of 90 89 #11 of 90
Financial Health 69 #33 of 105 95 #6 of 105 89 #12 of 105
Shareholder Returns – – 23 #47 of 61
Overall 50 63 69
  • UTKN ranked among 109 companies in Fintech
  • BLSH 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

PeriodUTKNBLSHCYPHSPY
1 month -11.2%-26.5%-31.3% -0.8%
3 months +11.0%+21.2%+349.2% +3.5%
6 months +1.3%-29.0%+204.3% +7.0%
Year to date -45.7%-27.0%+144.0% +12.2%
1 year -63.2%-49.0%+489.6% +13.0%
3 years ——+102.1% +86.3%
3 years, per year ——+26.5% +23.1%
5 years ——-89.7% +68.6%
5 years, per year ——-36.6% +11.0%

Risk

MeasureUTKNBLSHCYPHSPY
Volatility, 1Y 183.8%73.1%233.5% 12.7%
Downside volatility, 1Y 410.1%70.7%168.6% 12.7%
Beta vs S&P 500, 1Y 0.582.724.84 1.00
Return / volatility, 1Y -0.34-0.672.10 1.02
Max drawdown, 5Y -77.2%-70.8%-99.3% -25.4%
From 52-week high -63.2%-50.9%-31.3% -1.8%
52-week high $4.10$56.31$4.12 $779.14
52-week low $1.02$21.79$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.

MultipleUTKNBLSHCYPH
P/E now vs peer median -547.7xmedian 20.6x -2.5xmedian 20.6x 8.7xmedian 20.6x
P/S now vs peer median -106,056xmedian 2.3x 0.0xmedian 2.3x —median 2.3x
EV/EBITDA now vs peer median —median 15.4x -32.6xmedian 15.4x —median 15.4x
P/FCF now vs peer median -551.9xmedian 16.4x 36.6xmedian 16.4x —median 16.4x
P/B now vs peer median 139.0xmedian 1.9x 1.7xmedian 1.9x 3.7xmedian 1.9x
PEG now vs peer median —median 1.05 —median 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 monthsUTKNBLSHCYPH
Revenue -$1.45K $190.34B –
Gross profit – $71.94M –
Operating income -$279.60K -$124.59M -$29.84M
Net income -$280.01K -$1.43B $59.65M
Free cash flow -$277.85K $113.88M –
R&D – – $12.96M
EPS (diluted) $0.00 $-10.84 $0.27
Cash & equivalents $223.00 $86.61M $7.62M
Total debt – $11.00K –
Shares (diluted) 101.56M 127.72M 217.34M
Enterprise value $172.63M -$1.11B $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
MetricUTKNBLSHCYPH
P/E -547.7x -2.5x 8.7x
P/FCF -551.9x 36.6x –
P/Operating cash flow -551.9x 33.9x –
P/S -106,056x 0.0x –
P/B 139.0x 1.7x 3.7x
P/Tangible book 139.6x 1.7x 52.5x
EV/EBITDA – -32.6x –
EV/EBIT -548.6x -30.9x -17.2x
EV/Revenue -106,086x 0.0x –
EV/FCF -552.1x 33.8x –
EV/Operating cash flow -552.1x 31.3x –
PEG (3Y EPS CAGR) – – 0.32

Growth

14 metrics
MetricUTKNBLSHCYPH
Revenue growth (1Y) – -26.5% –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – -17.9% –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -17.7% -57.2% 55.3%
Operating income CAGR (3Y) – – 29.9%
Net income growth (1Y) -12.9% -858.6% 190.8%
Net income CAGR (3Y) – – 39.6%
EPS growth (1Y) -12.4% -755.9% 117.3%
EPS CAGR (3Y) – – 27.0%
Operating cash flow growth (1Y) -3.9% 190.7% –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) -3.9% 171.4% –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricUTKNBLSHCYPH
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 19,215% 0.1% –
Return on equity -25.2% -55.4% 40.7%
Return on assets -24.3% -44.5% 39.0%
Return on invested capital – -4.8% –
Return on capital employed -24.4% -4.0% -19.7%
Asset turnover 0.0x 59.3x –
Cash conversion (OCF / net income) 1.0x -0.1x –
Stock comp / revenue – 0.0% –

Financial Health

11 metrics
MetricUTKNBLSHCYPH
Debt / assets 3.8% 0.0% –
Debt / equity 0.0x 0.0x –
Net debt / EBITDA – 2.6x –
Debt / FCF -0.2x 0.0x –
Liabilities / assets 4.5% 20.6% 2.6%
Equity / assets 95.5% 79.4% 97.4%
Interest coverage – -2.2x -1,243x
Current ratio 0.9x 23.5x 79.2x
Quick ratio 0.0x 2.5x 4.4x
Cash ratio 0.0x 2.5x 4.4x
Altman Z-score 1,779 64.94 –

Shareholder Returns

7 metrics
MetricUTKNBLSHCYPH
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.

ConsensusUTKNBLSHCYPH
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
HoldersUTKNBLSHCYPH
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.

UTKNBLSHCYPH
UTKN 1.00 0.02 0.05
BLSH 0.02 1.00 0.26
CYPH 0.05 0.26 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, UTKN, BLSH and CYPH?

Bullish (BLSH) is the largest by market capitalisation: Universal Token (UTKN) $172.65M, Bullish (BLSH) $3.71B, Cypherpunk Technologies (CYPH) $579.71M.

Which stock has performed better?

Over the past year Cypherpunk Technologies (CYPH) returned the most: Universal Token (UTKN) -63.2%, Bullish (BLSH) -49.0%, Cypherpunk Technologies (CYPH) +489.6%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bullish (BLSH) has been the steadiest (Universal Token (UTKN) 183.8%, Bullish (BLSH) 73.1%, Cypherpunk Technologies (CYPH) 233.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, UTKN, BLSH 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, Bullish (BLSH) 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.