Bullish (BLSH) Price to Book (2025 - 2026)

Bullish's (BLSH) quarterly Price to Book came in at 1.46 in Q2 2026, down 28.06% quarter-over-quarter from 2.03 in Q1 2026.

Analysis

Bullish (BLSH) Price to Book (2025 - 2026) Analysis & Trends

Bullish has disclosed Price to Book across 2 years of filings, most recently posting 1.46 for Q2 2026.

In Q2 2026, Price to Book changed N/A year-over-year to 1.46; the TTM figure through Jun 2026 stood at 1.46 (changed N/A YoY), while the FY2025 annual figure was 1.78, changed N/A from the prior year.
Price to Book came in at 1.46 for Q2 2026 at Bullish, down from 2.03 in the prior quarter.
In the past five years, Price to Book ranged from a high of 2.03 in Q1 2026 to a low of 1.46 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	1.44
Mar 31, 2026	1.99
Dec 31, 2025	1.73
Sep 30, 2025	1.80

API Access

Bullish Price to Book 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=price-to-book&ticker=BLSH&period=max&api_key=YOUR_API_KEY

import requests

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

API documentation

Bullish (BLSH) Price to Book (2025 - 2026)