Bullish (BLSH) - Total Assets
Based on the latest financial reports, Bullish (BLSH) holds total assets worth $3.96 Billion USD as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See shareholders equity of Bullish for net asset value and shareholders' equity analysis.
Bullish - Total Assets Trend (2020–2025)
This chart illustrates how Bullish's total assets have evolved over time, based on quarterly financial data.
Bullish - Asset Composition Analysis
Current Asset Composition (December 2025)
Bullish's total assets of $3.96 Billion consist of 96.2% current assets and 3.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.7% |
| Accounts Receivable | $446.48 Million | 11.3% |
| Inventory | $206.18 Million | 5.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $31.10 Million | 0.8% |
| Goodwill | $63.06 Million | 1.6% |
Asset Composition Trend (2020–2025)
This chart illustrates how Bullish's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see BLSH stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Bullish's current assets represent 96.2% of total assets in 2025, an increase from 5.8% in 2020.
- Cash Position: Cash and equivalents constituted 2.7% of total assets in 2025, down from 4.7% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 94.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 11.3% of total assets.
Bullish Competitors by Total Assets
Key competitors of Bullish based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
StoneCo Ltd
F:0Q0
|
Germany | €58.60 Billion |
|
TIZA Information Industry Corporation Inc
SHE:300209
|
China | CN¥1.17 Billion |
|
Megaport Ltd
AU:MP1
|
Australia | AU$260.20 Million |
|
Inesa Intelligent Tech Inc B
SHG:900901
|
China | $7.86 Billion |
|
RAIZ Invest Ltd
AU:RZI
|
Australia | AU$50.57 Million |
|
Heeros Oyj
HE:HEEROS
|
Finland | €11.33 Million |
|
IXUP Ltd
AU:IXU
|
Australia | AU$7.22 Million |
|
Hank Payments Corp
V:HANK
|
Canada | CA$5.37 Million |
Bullish - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 29.28 | 34.24 | 34.24 |
| Quick Ratio | 27.69 | 27.50 | 27.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $3.67 Billion | $2.83 Billion | $2.83 Billion |
Bullish - Advanced Valuation Insights
This section examines the relationship between Bullish's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.29 |
| Latest Market Cap to Assets Ratio | 1.45 |
| Asset Growth Rate (YoY) | 29.8% |
| Total Assets | $3.96 Billion |
| Market Capitalization | $5.75 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Bullish's assets above their book value (1.45x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Bullish's assets grew by 29.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Bullish (2020–2025)
The table below shows the annual total assets of Bullish from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $3.96 Billion | +29.83% |
| 2024-12-31 | $3.05 Billion | +68.88% |
| 2023-12-31 | $1.80 Billion | -47.02% |
| 2022-12-31 | $3.41 Billion | -54.31% |
| 2021-12-31 | $7.46 Billion | +47.65% |
| 2020-12-31 | $5.05 Billion | -- |
About Bullish
Bullish provides market infrastructure and information services in United States. It operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. The company also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks an… Read more