Bullish (BLSH) EV to EBITDA (2025 - 2026)

Bullish's (BLSH) quarterly EV to EBITDA came in at 48.41 in Q2 2026, down 68.2% quarter-over-quarter from 152.21 in Q1 2026.

Analysis

Bullish (BLSH) EV to EBITDA (2025 - 2026) Analysis & Trends

Bullish has disclosed EV to EBITDA across 2 years of filings, most recently posting 48.41 for Q2 2026.

In Q2 2026, EV to EBITDA changed N/A year-over-year to 48.41; the TTM figure through Jun 2026 stood at 19.31 (changed N/A YoY), while the FY2025 annual figure was 60.35, changed N/A from the prior year.
EV to EBITDA came in at 48.41 for Q2 2026 at Bullish, down from 152.21 in the prior quarter.
In the past five years, EV to EBITDA ranged from a high of 249.7 in Q3 2025 to a low of 48.41 in Q2 2026.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)
1	Bitmine Immersion Technologies	57.68 Bn	57.34 Bn	40.81 Mn
2	Coinbase Global	52.26 Bn	43.47 Bn	1.16 Bn
3	PayPal Holdings	45.26 Bn	34.01 Bn	-
4	Block	44.88 Bn	38.42 Bn	3.17 Bn
5	Iren	35.80 Bn	28.23 Bn	103.89 Mn
6	Corpay	25.96 Bn	19.27 Bn	1.19 Bn
7	Fiserv	24.43 Bn	23.83 Bn	3.59 Bn
8	Global Payments	22.33 Bn	17.57 Bn	2.03 Bn
9	Hut 8	12.62 Bn	6.14 Bn	48.04 Mn
10	Bullish	6.05 Bn	5.99 Bn	15.53 Mn

Historic Data

Download Data

Date	Value
Jun 30, 2026	19.09
Mar 31, 2026	46.00
Dec 31, 2025	60.32
Sep 30, 2025	108.80

API Access

Bullish EV to EBITDA API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=BLSH&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Bullish (BLSH) EV to EBITDA (2025 - 2026)