Bullish (BLSH) - Total Assets
Based on the latest financial reports, Bullish (BLSH) holds total assets worth $3.32 Billion USD as of March 2026. 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. Check Bullish (BLSH) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Bullish - Total Assets Trend (2020–2025)
This chart illustrates how Bullish's total assets have evolved over time, based on quarterly financial data. Check Bullish earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Bullish - Asset Composition Analysis
Current Asset Composition (December 2025)
Bullish's total assets of $3.32 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 |
|---|---|---|
|
Oracle Corporation
NYSE:ORCL
|
USA | $261.76 Billion |
|
Inesa Intelligent Tech Inc A
SHG:600602
|
China | CN¥7.86 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥12.88 Billion |
|
Megaport Ltd
AU:MP1
|
Australia | AU$935.04 Million |
|
Shenzhen Ysstech Info-Tech Co Ltd
SHE:300377
|
China | CN¥2.64 Billion |
|
OVH GROUPE UNSP.ADR/1/2
F:7U70
|
Germany | €1.80 Billion |
|
Quantum eMotion Corp.
V:QNC
|
Canada | CA$41.86 Million |
|
Webus International Limited Ordinary Shares
NASDAQ:WETO
|
USA | $72.14 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 | 26.42 | 15.98 | 34.24 |
| Quick Ratio | 25.23 | 14.76 | 27.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $3.06 Billion | $2.37 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 | 1.54 |
| Latest Market Cap to Assets Ratio | 0.91 |
| Asset Growth Rate (YoY) | 29.8% |
| Total Assets | $3.96 Billion |
| Market Capitalization | $3.62 Billion USD |
Valuation Analysis
Near Book Valuation: The market values Bullish's assets close to their book value (0.91x), suggesting investors view the company's assets at approximately fair value.
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, a global digital asset platform that provides market infrastructure and information services in United States. The company 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. It also offers CoinDesk Indices, a collection of tradable prop… Read more