Bullish (BLSH) — Financial Flexibility Index

Latest as of March 2026: 0.12x

Bullish (BLSH) has a Financial Flexibility Index of 0.12x as of March 2026. Free cash flow of $77.56 Million (operating CF $77.15 Million minus capex $412.00K) represents 0% of total liabilities ($620.85 Million). Check Bullish total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.12x
Free Cash Flow / Total Liabilities

Free Cash Flow

$77.56 Million
Operating CF − Capex

Total Liabilities

$620.85 Million
USD

Capital Expenditures

$412.00K
USD

Bullish Financial Flexibility Index (2020–2025)

Historical Financial Flexibility Index trend for Bullish across 6 annual periods. For the full cash flow conversion analysis, see Bullish cash flow conversion.

Annual Financial Flexibility Index for Bullish (2020–2025)

Year-by-year free cash flow to debt coverage for Bullish. Explore Bullish (BLSH) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.12x $80.42 Million $28.63 Million $658.17 Million ▲ +400.8%
2024 -0.04x $-26.27 Million $-29.98 Million $646.75 Million ▲ +83.1%
2023 -0.24x $-125.70 Million $-126.67 Million $522.23 Million ▼ -286.9%
2022 0.13x $196.21 Million $194.93 Million $1.52 Billion ▼ -18.8%
2021 0.16x $213.36 Million $-120.95 Million $1.34 Billion ▲ +109880.0%
2020 0.00x $-150.00K $-150.00K $1.04 Billion
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities