BLSH - Bullish
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$44.75
DETAILS
HIGH:
$61.00
LOW:
$30.00
MEDIAN:
$44.00
CONSENSUS:
$44.75
UPSIDE:
32.08%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 92.6 | 51,812.7 | 64,401.3 | 41,649.7 | 58,662.9 | 80,256.5 | 66,040.6 | 54,204.2 | 49,604.5 | 80,413.9 |
| Cost of Revenue | 27.5 | 51,795.0 | 64,486.7 | 41,584.6 | 58,615.3 | 80,252.8 | 66,154.5 | 54,171.4 | 49,556.5 | 80,412.7 |
| Gross Profit | 65.1 | 17.8 | (85.5) | 65.1 | 47.7 | 3.7 | (113.9) | 32.9 | 48.0 | 1.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 59.0 | 75.6 | (82.1) | 45.7 | 43.0 | 13.5 | (91.2) | 39.6 | 39.7 | 4.8 |
| Other Expenses | 0 | 0 | (30.4) | 0 | 17.4 | (13.1) | (51.4) | 0 | 16.7 | (14.4) |
| Operating Expenses | 59.0 | 75.6 | (112.5) | 45.7 | 60.4 | 0.4 | (142.7) | 39.6 | 56.4 | (9.6) |
| Operating Income | ||||||||||
| Operating Income | 6.1 | (57.8) | 27.0 | 19.3 | (12.7) | 3.3 | 28.7 | (6.8) | (8.4) | 10.9 |
| Interest Expense | 9.5 | 14.1 | 14.9 | 13.9 | 13.3 | 10.2 | 10.7 | 9.9 | 9.1 | 8.9 |
| Interest Income | 0 | 5.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 8.2 | (588.3) | (549.2) | 34.1 | 124.6 | (336.5) | 175.1 | (54.6) | (104.7) | 115.9 |
| EBIT | 6.1 | (590.5) | (550.2) | 32.3 | 122.4 | (338.6) | 172.9 | (56.6) | (107.0) | 113.9 |
| Income Before Tax | (280.0) | (604.6) | (565.1) | 18.4 | 109.1 | (348.8) | 162.2 | (66.5) | (116.1) | 104.9 |
| Income Tax Expense | 0.0 | 0.2 | (1.5) | (0.1) | 0.9 | (0.2) | 3.8 | 0.7 | 0.3 | 0.2 |
| Net Income | (270.2) | (581.7) | (546.6) | 18.4 | 107.5 | (344.0) | 157.0 | (66.7) | (115.3) | 103.6 |
| Per Share Data | ||||||||||
| EPS (Basic) | -1.78 | -3.85 | -3.62 | 0.14 | 0.74 | -2.35 | 1.07 | -0.46 | -0.79 | 0.71 |
| EPS (Diluted) | -1.78 | -3.85 | -3.62 | 0.13 | 0.74 | -2.35 | 1.07 | -0.46 | -0.79 | 0.71 |
| Shares Outstanding | 151.4 | 151.1 | 150.9 | 133.1 | 146.2 | 146.2 | 146.2 | 146.2 | 146.2 | 146.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q1 | 2021 Q4 | 2021 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 103.7 | 93.1 | 87.9 | 69.3 | 35.6 | 28.3 | 31.5 | 114.0 | 1,234.8 | 1,234.8 |
| Short-Term Investments | 226.2 | 266.6 | 1,442.1 | 375.8 | 528.5 | 392.4 | 218.8 | 0 | 0 | 0 |
| Net Receivables | 315.5 | 429.9 | 475.0 | 461.8 | 322.0 | 275.1 | 179.0 | 0 | 0 | 0 |
| Inventory | 139.1 | 142.7 | 206.2 | 254.2 | 231.9 | 192.6 | 573.9 | 0 | 6,157.0 | 6,157.0 |
| Other Current Assets | 2,143.1 | 2,227.4 | 1,574.0 | 3,314.7 | 1,977.9 | 1,631.5 | 1,900.5 | (114.0) | 46.3 | 46.3 |
| Total Current Assets | 2,941.8 | 3,177.9 | 3,804.1 | 4,489.4 | 3,103.9 | 2,527.6 | 2,912.4 | 0 | 7,443.5 | 7,443.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 27.5 | 26.5 | 28.4 | 12.2 | 14.9 | 15.5 | 14.1 | 0 | 8.3 | 8.3 |
| Goodwill | 62.6 | 62.7 | 63.1 | 63.0 | 63.5 | 62.2 | 61.5 | 0 | 0 | 0 |
| Intangible Assets | 30.0 | 30.5 | 31.1 | 31.7 | 32.2 | 53.0 | 53.3 | 0 | 1.3 | 1.3 |
| Long-Term Investments | 6.5 | 14.9 | 0 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 25.4 | 8.6 | 27.0 | 21.2 | 22.6 | 4.3 | 4.0 | 0 | 2.1 | 2.1 |
| Total Non-Current Assets | 154.9 | 146.2 | 152.4 | 134.0 | 135.6 | 137.4 | 135.0 | 0 | 11.7 | 11.7 |
| Total Assets | 3,096.7 | 3,324.1 | 3,956.5 | 4,623.4 | 3,239.5 | 2,664.9 | 3,047.4 | 0 | 7,455.2 | 7,455.2 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58.0 | 58.0 |
| Short-Term Debt | 6.5 | 0.3 | 50.3 | 50.4 | 73.4 | 105.3 | 25 | 0 | 0 | 0 |
| Deferred Revenue | 12.3 | 11.8 | 10.6 | 8.0 | 5.9 | 10.1 | 9.5 | 0 | 0 | 0 |
| Other Current Liabilities | 94.6 | 62.9 | 40.4 | 29.0 | 13.1 | 13.1 | 22.5 | 0 | 113.5 | 113.5 |
| Total Current Liabilities | 125.1 | 120.3 | 129.9 | 115.8 | 126.2 | 158.2 | 85.0 | 0 | 172.4 | 172.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 498.6 | 487.7 | 510.9 | 521.9 | 503.0 | 483.2 | 503.1 | 0 | 1,166.3 | 1,166.3 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 3 | 0 | 47.9 | 47.9 | 47.9 | (1,282.3) | 0.0 | 0.0 |
| Total Non-Current Liabilities | 511.6 | 500.6 | 528.3 | 529.6 | 562.0 | 542.9 | 561.7 | (1,282.3) | 1,171.9 | 1,171.9 |
| Total Liabilities | 636.7 | 620.8 | 658.2 | 645.3 | 688.2 | 701.1 | 646.8 | (1,282.3) | 1,344.3 | 1,344.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 3,821.5 | 3,821.5 | 0 | 3,787.1 | 3,787.1 |
| Retained Earnings | (3,124.0) | (2,860.1) | (2,668.1) | (2,290.2) | (2,375.6) | (2,601.7) | (2,309.1) | 0 | 2,033.2 | 2,033.2 |
| Accumulated Other Comprehensive Income | 414.1 | 390.2 | 774.2 | 1,101.7 | 1,073.9 | 720.3 | 858.8 | 1,263.0 | 44.8 | 44.8 |
| Total Stockholders' Equity | 2,415.0 | 2,649.3 | 3,216.2 | 3,917.1 | 2,538.2 | 1,958.5 | 2,389.7 | 1,282.3 | 6,110.9 | 6,110.9 |
| Total Liabilities & Equity | 3,096.7 | 3,324.1 | 3,956.5 | 4,623.4 | 3,239.5 | 2,664.9 | 3,047.4 | 0 | 7,455.2 | 7,455.2 |
| Debt Metrics | ||||||||||
| Total Debt | 518.2 | 507.1 | 581.1 | 582.6 | 592.1 | 604.9 | 543.1 | 0 | 1,172.8 | 1,172.8 |
| Net Debt | 414.4 | 414.0 | 493.2 | 513.3 | 556.5 | 576.6 | 511.5 | (114.0) | (62.0) | (62.0) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (270.2) | (604.9) | (563.6) | 18.5 | 108.3 | (348.6) | 158.5 | (67.3) | (116.4) | 104.8 |
| Depreciation & Amortization | 2.0 | 2.2 | 0.9 | 1.8 | 2.2 | 2.1 | 2.1 | 2.0 | 2.3 | 2.1 |
| Stock-Based Compensation | 0 | 5.6 | 4.7 | 3.1 | 3.3 | 5.1 | 4.7 | 5.7 | 8.9 | 3.3 |
| Change in Working Capital | 19.6 | 99.7 | 63.8 | (54.5) | 27.6 | 8.8 | 61.6 | 1.7 | 14.8 | (65.0) |
| Other Non-Cash Items | 251.2 | 588.2 | 555.9 | (15.6) | (124.3) | 329.0 | (188.3) | 48.1 | 103.9 | (117.4) |
| Operating Cash Flow | 2.7 | 90.9 | 61.8 | (46.6) | 17.0 | (3.6) | 38.7 | (9.8) | 13.5 | (72.3) |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.6) | (1.3) | (7.8) | (2.1) | (0.2) | (41.7) | (3.2) | (0.2) | (0.0) | (0.3) |
| Acquisitions | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (6.4) | (20.0) | (3.3) | 0 | (1.3) | (25) | 0.3 | 0 | (0.5) |
| Sales/Maturities of Investments | 4.2 | 0 | 0 | 48.2 | 0 | 0 | (1.1) | 1.1 | 0.2 | 0.2 |
| Other Investing Activities | 0.9 | 3.5 | (0.4) | 0.1 | (0.2) | (11.0) | (9.6) | (0.1) | (10.0) | (0.2) |
| Investing Cash Flow | 4.4 | (3.4) | (28.0) | 42.9 | (0.2) | (12.5) | (35.8) | 1.3 | (9.9) | (0.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (1.7) | (51.1) | 3.0 | (1.2) | (1.5) | 23.7 | (1.3) | (1.5) | 23.8 | (0.9) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (13.8) | (10.2) | 49.3 | (10.4) | (10.2) | (2.0) | (9.9) | (9.1) | (0.2) |
| Financing Cash Flow | 0.8 | (63.6) | (7.2) | 48.1 | (11.9) | 13.4 | (3.3) | (11.3) | 14.8 | (1.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 10.7 | 24.0 | 28.0 | 44.6 | 5.0 | (2.9) | (0.1) | (19.8) | 18.4 | (74.1) |
| Cash at Beginning | 93.1 | 130.5 | 102.5 | 57.9 | 52.9 | 55.8 | 55.9 | 75.7 | 57.4 | 131.5 |
| Cash at End | 103.7 | 154.5 | 130.5 | 102.5 | 57.9 | 52.9 | 55.8 | 55.9 | 75.7 | 57.4 |
| Free Cash Flow | 2.1 | 89.6 | 54.0 | (48.7) | 16.8 | (45.3) | 35.5 | (9.9) | 13.4 | (72.7) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 92.6 | 51,812.7 | 64,401.3 | 41,649.7 | 58,662.9 | 80,256.5 | 66,040.6 | 54,204.2 | 49,604.5 | 80,413.9 |
| Gross Profit | 65.1 | 17.8 | (85.5) | 65.1 | 47.7 | 3.7 | (113.9) | 32.9 | 48.0 | 1.2 |
| Operating Income | 6.1 | (57.8) | 27.0 | 19.3 | (12.7) | 3.3 | 28.7 | (6.8) | (8.4) | 10.9 |
| Net Income | (270.2) | (581.7) | (546.6) | 18.4 | 107.5 | (344.0) | 157.0 | (66.7) | (115.3) | 103.6 |
| EPS (Diluted) | -1.78 | -3.85 | -3.62 | 0.13 | 0.74 | -2.35 | 1.07 | -0.46 | -0.79 | 0.71 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 103.7 | 93.1 | 87.9 | 69.3 | 35.6 | 28.3 | 31.5 | 114.0 | 1,234.8 | 1,234.8 |
| Total Assets | 3,096.7 | 3,324.1 | 3,956.5 | 4,623.4 | 3,239.5 | 2,664.9 | 3,047.4 | 0 | 7,455.2 | 7,455.2 |
| Total Debt | 518.2 | 507.1 | 581.1 | 582.6 | 592.1 | 604.9 | 543.1 | 0 | 1,172.8 | 1,172.8 |
| Stockholders' Equity | 2,415.0 | 2,649.3 | 3,216.2 | 3,917.1 | 2,538.2 | 1,958.5 | 2,389.7 | 1,282.3 | 6,110.9 | 6,110.9 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2.7 | 90.9 | 61.8 | (46.6) | 17.0 | (3.6) | 38.7 | (9.8) | 13.5 | (72.3) |
| Capital Expenditure | (0.6) | (1.3) | (7.8) | (2.1) | (0.2) | (41.7) | (3.2) | (0.2) | (0.0) | (0.3) |
| Free Cash Flow | 2.1 | 89.6 | 54.0 | (48.7) | 16.8 | (45.3) | 35.5 | (9.9) | 13.4 | (72.7) |