BLSH - Bullish
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$51.33
DETAILS
HIGH:
$61.00
LOW:
$43.00
MEDIAN:
$50.00
CONSENSUS:
$51.33
UPSIDE:
45.91%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 244,970.3 | 250,263.2 | 116,507.5 | 72,895.3 | 1,321.6 | 0 |
| Cost of Revenue | 244,896.2 | 250,258.0 | 116,529.2 | 72,901.8 | 2,365.0 | 0 |
| Gross Profit | 74.1 | 5.3 | (21.7) | (6.6) | (1,043.5) | 0 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 53.8 | 24.8 | 15.3 | 53.7 | 99.7 | 119.0 |
| Other Expenses | (30.4) | (51.4) | (47.2) | (75.9) | 132.5 | 0.1 |
| Operating Expenses | 23.4 | (26.6) | (31.9) | (22.2) | 232.2 | 119.0 |
| Operating Income | ||||||
| Operating Income | 50.7 | 31.9 | 10.2 | 15.7 | (1,275.7) | (119.0) |
| Interest Expense | 52.4 | 38.5 | 3.0 | 122.7 | 126.8 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 1.5 | 0.0 |
| Profitability | ||||||
| EBITDA | (725.8) | 131.6 | 1,309.9 | (4,118.4) | (1,273.7) | 0 |
| EBIT | (734.0) | 123.1 | 1,304.5 | (4,122.0) | (1,274.1) | (119.0) |
| Income Before Tax | (786.4) | 84.6 | 1,301.5 | (4,244.7) | (1,401.0) | (119.0) |
| Income Tax Expense | (0.9) | 5.0 | 1.5 | 1.2 | 0.3 | 0 |
| Net Income | (764.7) | 78.5 | 1,299.2 | (4,245.9) | (1,401.2) | (119.0) |
| Per Share Data | ||||||
| EPS (Basic) | -5.99 | 0.54 | 8.89 | -29.04 | -9.59 | -0.74 |
| EPS (Diluted) | -5.99 | 0.54 | 8.89 | -29.04 | -9.59 | -0.74 |
| Shares Outstanding | 127.7 | 146.2 | 146.2 | 146.2 | 146.2 | 160.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 104.7 | 31.5 | 112.9 | 1,383.6 | 1,234.8 | 239.4 |
| Short-Term Investments | 404.1 | 218.8 | 254.8 | 28.9 | 0 | 0 |
| Net Receivables | 446.5 | 179.0 | 24.5 | 87.5 | 0.0 | 0 |
| Inventory | 206.2 | 573.9 | 1,289.3 | 1,658.3 | 6,110.8 | 0 |
| Other Current Assets | 2,642.5 | 1,900.5 | 14.9 | 212.6 | 92.4 | 52.5 |
| Total Current Assets | 3,804.1 | 2,912.4 | 1,705.9 | 3,377.5 | 7,443.5 | 292.0 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 28.4 | 14.1 | 13.9 | 17.3 | 8.3 | 0 |
| Goodwill | 63.1 | 61.5 | 40.2 | 0 | 0 | 0 |
| Intangible Assets | 31.1 | 53.3 | 34.9 | 1.3 | 1.3 | 4,757.4 |
| Long-Term Investments | 5.7 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 24.2 | 4.0 | 5.9 | 4.7 | 0.3 | 0.0 |
| Total Non-Current Assets | 152.4 | 135.0 | 98.6 | 28.6 | 11.7 | 4,757.4 |
| Total Assets | 3,956.5 | 3,047.4 | 1,804.5 | 3,406.1 | 7,455.2 | 5,049.4 |
| Current Liabilities | ||||||
| Account Payables | 0 | 0 | 0.1 | 66.1 | 33.6 | 28.0 |
| Short-Term Debt | 50.3 | 25 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 9.5 | 4.6 | 0 | 0 | 0 |
| Other Current Liabilities | 74.1 | 22.5 | 15.8 | 1,416.0 | 46.2 | 0.2 |
| Total Current Liabilities | 129.9 | 85.0 | 37.7 | 1,512.2 | 172.4 | 28.1 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 528.2 | 503.1 | 428.9 | 0 | 0 | 1,009.4 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Other Non-Current Liabilities | (17.4) | 47.9 | 47.9 | 0.1 | 1,166.3 | 0 |
| Total Non-Current Liabilities | 528.3 | 561.7 | 484.5 | 11.1 | 1,171.9 | 1,009.4 |
| Total Liabilities | 658.2 | 646.8 | 522.2 | 1,523.3 | 1,344.3 | 1,037.5 |
| Stockholders' Equity | ||||||
| Common Stock | 5,110.1 | 3,821.5 | 3,787.1 | 3,787.1 | 3,787.1 | 3,787.1 |
| Retained Earnings | (2,656.3) | (2,309.1) | (2,666.8) | (2,212.7) | 2,033.2 | (19.8) |
| Accumulated Other Comprehensive Income | 774.2 | 858.8 | 142.7 | 0 | 0 | 0 |
| Total Stockholders' Equity | 3,228.0 | 2,389.7 | 1,281.4 | 1,882.8 | 6,110.9 | 4,011.9 |
| Total Liabilities & Equity | 3,956.5 | 3,047.4 | 1,804.5 | 3,406.1 | 7,455.2 | 5,049.4 |
| Debt Metrics | ||||||
| Total Debt | 601.5 | 543.1 | 440.4 | 14.1 | 6.5 | 1,009.4 |
| Net Debt | 496.7 | 511.5 | 327.5 | (1,369.4) | (1,228.3) | 770.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (764.7) | 79.6 | 1,300.0 | (4,245.9) | (1,401.2) | (119.0) |
| Depreciation & Amortization | 0 | 8.5 | 5.4 | 3.6 | 0.5 | 0 |
| Stock-Based Compensation | 0 | 22.6 | 6.2 | 17.8 | 44.8 | 0 |
| Change in Working Capital | 0 | 13.1 | (87.0) | 252.4 | 65.9 | 0 |
| Other Non-Cash Items | 764.7 | (153.8) | (1,351.3) | 4,167.0 | 1,169.1 | 118.9 |
| Operating Cash Flow | 0 | (30.0) | (126.7) | 194.9 | (120.9) | (0.1) |
| Investing Activities | ||||||
| Capital Expenditure | 0 | (3.7) | (1.0) | (1.3) | (334.3) | 0 |
| Acquisitions | 0 | (4.6) | 1.3 | 0 | 0 | 128.4 |
| Purchases of Investments | 0 | (25) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0.2 | 3.6 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (15.2) | 0.0 | 0 | 1,505.0 | 0.0 |
| Investing Cash Flow | 0 | (45.1) | 3.9 | (1.3) | 1,502.9 | 128.4 |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 20.1 | (675.0) | (2.3) | 31.2 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | (534.6) | 0 | (371.2) | 0 |
| Other Financing Activities | 0 | (21.1) | (3.0) | (5.4) | (0.3) | 1,308 |
| Financing Cash Flow | 0 | (1.0) | (1,212.7) | (7.7) | (340.4) | 1,308 |
| Cash Position | ||||||
| Net Change in Cash | (55.8) | (75.7) | (1,335.4) | 185.9 | 1,041.6 | 0 |
| Cash at Beginning | 55.8 | 131.5 | 1,466.9 | 1,281.0 | 239.4 | 0 |
| Cash at End | 0 | 55.8 | 131.5 | 1,466.9 | 1,281.0 | 0 |
| Free Cash Flow | 0 | (33.7) | (127.6) | 193.6 | (455.3) | (0.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 244,970.3 | 250,263.2 | 116,507.5 | 72,895.3 | 1,321.6 | 0 |
| Gross Profit | 74.1 | 5.3 | (21.7) | (6.6) | (1,043.5) | 0 |
| Operating Income | 50.7 | 31.9 | 10.2 | 15.7 | (1,275.7) | (119.0) |
| Net Income | (764.7) | 78.5 | 1,299.2 | (4,245.9) | (1,401.2) | (119.0) |
| EPS (Diluted) | -5.99 | 0.54 | 8.89 | -29.04 | -9.59 | -0.74 |
| Balance Sheet | ||||||
| Cash & Equivalents | 104.7 | 31.5 | 112.9 | 1,383.6 | 1,234.8 | 239.4 |
| Total Assets | 3,956.5 | 3,047.4 | 1,804.5 | 3,406.1 | 7,455.2 | 5,049.4 |
| Total Debt | 601.5 | 543.1 | 440.4 | 14.1 | 6.5 | 1,009.4 |
| Stockholders' Equity | 3,228.0 | 2,389.7 | 1,281.4 | 1,882.8 | 6,110.9 | 4,011.9 |
| Cash Flow | ||||||
| Operating Cash Flow | 0 | (30.0) | (126.7) | 194.9 | (120.9) | (0.1) |
| Capital Expenditure | 0 | (3.7) | (1.0) | (1.3) | (334.3) | 0 |
| Free Cash Flow | 0 | (33.7) | (127.6) | 193.6 | (455.3) | (0.1) |