Stocks · Financials · Finance Services

Bullish

BLSH Clue Score64
Cayman Islands Fiscal year ends December CIK 0001872195
$32.59 +3.76% Close, 9 Oct 2026
Price $32.59 −51.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Aug 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2023Revenue116.49Net income1.30EPS, diluted10.63Fiscal year 2024Revenue250.20 +114.8%Net income0.08 −94.0%EPS, diluted0.68 −93.6%Fiscal year 2025Revenue244.81 −2.2%Net income−0.76 −1,073.8%EPS, diluted−5.99 −980.9%
FY2023FY2024FY2025
Revenue 116.49 250.20 244.81
Growth +114.8% −2.2%
Net income 1.30 0.08 −0.76
Growth −94.0% −1,073.8%
EPS, diluted 10.63 0.68 −5.99
Growth −93.6% −980.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2023Net margin1.1%Free cash flow margin−0.1%Fiscal year 2024Net margin0.0%Free cash flow margin−0.0%Fiscal year 2025Net margin−0.3%Free cash flow margin0.0%
FY2023FY2024FY2025
Net margin 1.1% 0.0% −0.3%
Free cash flow margin −0.1% −0.0% 0.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−0.13Capital expenditure−0.00Free cash flow−0.13Dividends paid−0.53Fiscal year 2024Operating cash flow−0.03Capital expenditure−0.00Free cash flow−0.03Dividends paid0.00Fiscal year 2025Operating cash flow0.03Capital expenditure−0.01Free cash flow0.02Dividends paid0.00
FY2023FY2024FY2025
Operating cash flow −0.13 −0.03 0.03
Capital expenditure −0.00 −0.00 −0.01
Free cash flow −0.13 −0.03 0.02
Growth
Dividends paid −0.53 0.00 0.00

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash0.11Shareholders’ equity1.28Fiscal year 2024Cash0.03Total debt0.03Net cash (debt)0.01Shareholders’ equity2.39Debt to equity0.01Fiscal year 2025Cash0.09Total debt0.05Net cash (debt)0.04Shareholders’ equity3.22Debt to equity0.02
FY2023FY2024FY2025
Cash 0.11 0.03 0.09
Total debt n/a 0.03 0.05
Net cash (debt) n/a 0.01 0.04
Shareholders’ equity 1.28 2.39 3.22
Debt to equity n/a 0.01 0.02

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
−0.13 −0.03 0.03
Growth
Investment
−0.00 −0.00 −0.01
calc −0.13 −0.03 0.02
Growth
calc −1.04 −0.26 0.15
0.00 −0.05 0.00
Financing
−1.21 −0.00 0.04
−0.53 0.00 0.00

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.