Bullish Tangible Net Worth Ratio
Bullish tangible net worth ratio. Bullish (BLSH) has a Tangible Net Worth Ratio of 98.9% as of March 2026. This metric is calculated by deducting intangible assets ($30.54 Million) from net assets ($2.70 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See BLSH net asset quality index to measure how much of total assets are equity-financed.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Bullish (2020–2025)
Tangible net worth ratio of Bullish from 2020 to 2025. This chart shows how Bullish's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 98.9%, reflecting net assets of $2.70 Billion with intangible assets of $30.54 Million USD. See Bullish (BLSH) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Bullish Tangible Net Worth Ratio by Year (2020–2025)
Bullish tangible net worth ratio by year from 2020 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Bullish from 2020 to 2025, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see BLSH market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.1% | $3.30 Billion | $31.10 Million | $3.96 Billion | ▲ +1.3 pp |
| 2024 | 97.8% | $2.40 Billion | $53.34 Million | $3.05 Billion | ▲ +0.5 pp |
| 2023 | 97.3% | $1.28 Billion | $34.94 Million | $1.80 Billion | ▼ -2.7 pp |
| 2022 | 99.9% | $1.88 Billion | $1.34 Million | $3.41 Billion | ▼ 0.0 pp |
| 2021 | 100.0% | $6.11 Billion | $1.34 Million | $7.46 Billion | ▲ +118.6 pp |
| 2020 | -18.6% | $4.01 Billion | $4.76 Billion | $5.05 Billion | — |