Bullish

NYSE:BLSH Stock Report

Market Cap: US$3.7b

Bullish Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Tom Farley

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure3.6yrs
CEO ownershipn/a
Management average tenure1yr
Board average tenure3.6yrs

Recent management updates

Recent updates

Seeking Alpha Jul 21

Bullish Earnings Preview: Taking Early Lead In Tokenization

Summary Bullish is preparing for its planned acquisition of Equiniti, a transfer agent, which is central to its evolving business model. Combining BLSH's crypto exchange with Equiniti enables asset tokenization—real stocks recorded on-chain, transacting via smart contracts, and eliminating settlement costs. Recent trends show BLSH's transaction fees declining while subscription fees rise, signaling a shift toward a SaaS-like, less cyclical revenue model. The Equiniti acquisition brings recurring issuer fees and positions BLSH for further tokenization-driven deals, supporting my buy rating. Read the full article on Seeking Alpha

CEO

Tom Farley (50 yo)

3.6yrs
Tenure

Mr. Thomas W. Farley, also known as Tom, serves as the Chief Executive Officer and Chairman at Bullish and is its Director since 2023. He served as Chief Executive Officer, President, Chairman of the Board...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Farley
CEO & Chairmanno datano datano data
David Bonanno
Chief Financial Officer2.3yrsno datano data
George Gaffney
Chief Operating Officerno datano datano data
Jose Torres
Chief Accounting Officerno datano datano data
Mothusi Majinda
Chief Technology Officerno datano datano data
Nicholas Armstrong
General Counselno datano datano data
Liam Foley
Director of Corporate Developmentno datano datano data
James Mendes
Chief People Officerno datano datano data
Chris Tyrer
President of Bullish Exchange1yrno datano data
Jay Yarow
President of CoinDesk Media & Eventsless than a yearno datano data
Michael Lau
SVP, Group Head of Business Development & Chairman of Consensusno datano datano data
Mark Woods
Head of Productno datano datano data
1.0yrs
Average Tenure

Experienced Management: BLSH's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Farley
CEO & Chairman3.6yrsno datano data
Karen Simon
Independent Director1yrno data0.0041%
$ 152.2k
Andrew Charles Wynn
Independent Director1yrno data0.0041%
$ 152.2k
Brendan Blumer
Director5.6yrsno data25.83%
$ 961.1m
Andrew Bliss
Director5.6yrsno data3.32%
$ 123.7m
Kokuei Yuan
Director3.6yrsno data0.026%
$ 976.9k
3.6yrs
Average Tenure
50.5yo
Average Age

Experienced Board: BLSH's board of directors are considered experienced (3.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/11 04:25
End of Day Share Price 2026/08/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bullish is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gautam ChhuganiBernstein
Joseph VafiCanaccord Genuity
Brett KnoblauchCantor Fitzgerald & Co.