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

Bullish's (BLSH) quarterly EV to FCF came in at 198.35 in Q2 2026, up 238.62% quarter-over-quarter from 58.58 in Q1 2026.

Analysis

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

Bullish has disclosed EV to FCF across 2 years of filings, most recently posting 198.35 for Q2 2026.

In Q2 2026, EV to FCF changed N/A year-over-year to 198.35; the TTM figure through Jun 2026 stood at 25.99 (changed N/A YoY), while the FY2025 annual figure was 147.54, changed N/A from the prior year.
EV to FCF came in at 198.35 for Q2 2026 at Bullish, up from 58.58 in the prior quarter.
In the past five years, EV to FCF ranged from a high of 198.35 in Q2 2026 to a low of 160.38 in Q3 2025.

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	25.99
Mar 31, 2026	40.14
Dec 31, 2025	147.54
Sep 30, 2025	904.57

API Access

Bullish EV to FCF 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-fcf&ticker=BLSH&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

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