Bullish (BLSH) — Cash Flow Quality Index
Latest as of September 2025:
-2.53x
Bullish (BLSH) has a Cash Flow Quality Index of -2.53x as of September 2025. Operating cash flow of $-46.62 Million is below net income of $18.45 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore BLSH operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-2.53x
Operating CF / Net Income
Operating Cash Flow
$-46.62 Million
USD
Net Income
$18.45 Million
USD
Data as of
Sep 2025
Most recent filing
Bullish Cash Flow Quality Index (2023–2024)
Historical Cash Flow Quality Index for Bullish across 2 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Bullish (BLSH) cash flow conversion.
Annual Cash Flow Quality Index for Bullish (2023–2024)
Year-by-year earnings quality comparison for Bullish.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | -0.38x | $-29.98 Million | $79.56 Million | ▼ -286.7% |
| 2023 | -0.10x | $-126.67 Million | $1.30 Billion | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.