Cash flow Bullish

Equities

BLSH

KYG169101204

Blockchain & Cryptocurrency

Market Closed - Nyse Other stock markets 04:00:02 2026-04-15 pm EDT			5-day change	1st Jan Change
41.67 ^USD	+2.58%		+7.87%	+10.03%

Apr. 14	Kyle Kuzma: I'm Bullish on the NBA's Future	MT
Apr. 09	Bullish Shares Lower After Rosenblatt Downgrade	MT

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Published financial data: BULLISH

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	293K	92.89M	72.94M	144M	78.3M
Interest And Invest. Income (Rev)	-	4.9M	12.05M	12.24M	14.8M
Other Revenues, Total	-	186K	6.97M	2.2M	144M
Total Revenues	293K	97.98M	91.95M	158M	237M
Gross Profit	293K	97.98M	91.95M	158M	237M
Selling General & Admin Expenses, Total	212M	132M	105M	156M	187M
Stock-Based Compensation (IS)	-	-	-	-	628K
Other Operating Expenses	1.06B	4.09B	-1.32B	-165M	232M
Other Operating Expenses, Total	1.28B	4.22B	-1.21B	-8.8M	420M
Operating Income	-1.28B	-4.12B	1.31B	167M	-183M
Interest Expense, Total	-127M	-123M	-2.98M	-38.53M	-52.37M
Interest And Investment Income	1.51M	-	-	-	-
Net Interest Expenses	-125M	-123M	-2.98M	-38.53M	-52.37M
Currency Exchange Gains (Loss)	-49K	-98K	-	-	-
Other Non Operating Income (Expenses)	-	-	-654K	-72.68M	-17.67M
EBT, Excl. Unusual Items	-1.4B	-4.24B	1.3B	56.07M	-253M
Merger & Related Restructuring Charges	-	-	-800K	-	-
Gain (Loss) On Sale Of Investments	-	-	-	29.45M	-36.03M
Asset Writedown	-	-	-	-956K	-497M
EBT, Incl. Unusual Items	-1.4B	-4.24B	1.3B	84.57M	-786M
Income Tax Expense	263K	1.2M	1.46M	5M	-944K
Earnings From Continuing Operations	-1.4B	-4.25B	1.3B	79.56M	-785M
Net Income to Company	-1.4B	-4.25B	1.3B	79.56M	-785M
Minority Interest	-	-	-848K	-1.04M	20.79M
Net Income - (IS)	-1.4B	-4.25B	1.3B	78.53M	-765M
Net Income to Common Incl Extra Items	-1.4B	-4.25B	1.3B	78.53M	-765M
Net Income to Common Excl. Extra Items	-1.4B	-4.25B	1.3B	78.53M	-765M
Per Share Items
Net EPS - Basic	-12.46	-37.74	11.55	0.7	-5.99
Basic EPS - Continuing Operations	-12.46	-37.74	11.55	0.7	-5.99
Basic Weighted Average Shares Outstanding	113M	112M	112M	113M	128M
Net EPS - Diluted	-12.46	-37.74	10.64	0.68	-5.99
Diluted EPS - Continuing Operations	-12.46	-37.74	10.64	0.68	-5.99
Diluted Weighted Average Shares Outstanding	113M	112M	122M	115M	128M
Normalized Basic EPS	-7.78	-23.58	7.23	0.3	-1.07
Normalized Diluted EPS	-7.78	-23.58	6.65	0.29	-1.07
Dividend Per Share	3.3	-	-	-	-
Payout Ratio	-35.1	-	41.15	-	-
Supplemental Items
EBITDA	-1.28B	-4.12B	1.31B	171M	-181M
EBITA	-1.28B	-4.12B	1.31B	170M	-181M
EBIT	-1.28B	-4.12B	1.31B	167M	-183M
Effective Tax Rate - (Ratio)	-0.02	-0.03	0.11	5.92	0.12
Total Current Taxes	2.07M	4.53M	2.7M	3.4M	-170K
Total Deferred Taxes	-1.81M	-3.33M	-1.24M	1.6M	-774K
Normalized Net Income	-876M	-2.65B	813M	34.01M	-137M
Interest on Long-Term Debt	35K	659K	809K	1.06M	775K
Supplemental Operating Expense Items
Advertising Expense	6.66M	9.26M	1.73M	3M	4.82M
Selling and Marketing Expenses	6.66M	9.26M	1.73M	3M	4.82M
General and Administrative Expenses	146M	123M	103M	153M	182M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	15.57M
Stock-Based Comp., Other (Total)	44.8M	17.79M	6.17M	22.59M	628K
Total Stock-Based Compensation	44.8M	17.79M	6.17M	22.59M	16.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.23B	1.38B	113M	31.54M	87.89M
Trading Asset Securities, Total	-	-	1.1M	86.17M	404M
Total Cash And Short Term Investments	1.23B	1.38B	114M	118M	492M
Accounts Receivable, Total	-	-	2.65M	9.48M	24.74M
Other Receivables	12K	3.86M	4.17M	3.11M	3.82M
Notes Receivable	-	83.59M	17.7M	-	-
Total Receivables	12K	87.46M	24.52M	12.59M	28.56M
Inventory	6.16B	1.66B	1.29B	-	206M
Prepaid Expenses	5.54M	6.74M	9.48M	8.62M	18.94M
Restricted Cash	12.68M	13.49M	14.8M	22.28M	36.88M
Other Current Assets, Total	33.56M	228M	371M	2.75B	3.02B
Total Current Assets	7.44B	3.38B	1.82B	2.91B	3.8B
Gross Property Plant And Equipment	8.74M	21.38M	23.34M	28.36M	47.63M
Accumulated Depreciation	-471K	-4.06M	-9.48M	-14.24M	-19.26M
Net Property Plant And Equipment	8.27M	17.32M	13.86M	14.12M	28.37M
Goodwill	-	-	40.24M	61.48M	63.06M
Other Intangibles, Total	1.34M	1.34M	34.94M	33.3M	31.1M
Accounts Receivable Long-Term	-	-	-	824K	739K
Deferred Tax Assets Long-Term	1.82M	5.18M	3.7M	2.09M	2.86M
Other Long-Term Assets, Total	267K	4.72M	5.92M	23.23M	26.3M
Total Assets	7.46B	3.41B	1.92B	3.05B	3.96B
Liabilities
Accounts Payable, Total	58.01M	7.72M	4.38M	-	-
Accrued Expenses, Total	-	-	-	32.99M	39.7M
Short-term Borrowings	-	-	-	25M	49.98M
Current Portion of Long-Term Debt	-	1.28B	-	-	334K
Current Portion of Leases	955K	3.22M	3.82M	4.25M	5.52M
Current Income Taxes Payable	2.04M	274K	1.25M	1.7M	-
Unearned Revenue Current, Total	-	-	4.57M	9.5M	10.56M
Other Current Liabilities	111M	218M	141M	11.6M	23.82M
Total Current Liabilities	172M	1.51B	155M	85.05M	130M
Long-Term Debt	1.17B	-	477M	551M	511M
Long-Term Leases	5.54M	10.91M	7.67M	10.76M	14.38M
Deferred Tax Liability Non Current	14K	42K	25K	6K	18K
Other Non Current Liabilities	-	145K	-	-	3M
Total Liabilities	1.34B	1.52B	640M	647M	658M
Preferred Stock - Others	246M	246M	18.4M	18.4M	-
Total Preferred Equity	246M	246M	18.4M	18.4M	-
Common Stock, Total	3.79B	3.79B	3.79B	3.82B	5.11B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	2.03B	-2.21B	-2.67B	-2.31B	-2.67B
Comprehensive Income and Other	44.8M	62.58M	143M	859M	774M
Total Common Equity	5.87B	1.64B	1.26B	2.37B	3.22B
Minority Interest	-	-	848K	10.98M	82.14M
Total Equity	6.11B	1.88B	1.28B	2.4B	3.3B
Total Liabilities And Equity	7.46B	3.41B	1.92B	3.05B	3.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	112M	112M	112M	113M	150M
ECS Total Common Shares Outstanding	112M	112M	112M	113M	151M
Book Value / Share	52.13	14.55	11.23	20.94	21.32
Tangible Book Value	5.86B	1.64B	1.19B	2.28B	3.12B
Tangible Book Value Per Share	52.12	14.54	10.56	20.11	20.7
Total Debt	1.17B	1.3B	488M	591M	581M
Net Debt	-61.95M	-86.49M	374M	473M	89.05M
Minority Interest, Total (Incl. Fin. Div)	-	-	848K	10.98M	82.14M
Account Code - Inventory Valuation	3	-	3	3	3
Buildings, Total	-	-	-	-	3.8M
Machinery, Total	1.38M	3.96M	4.73M	5.11M	9.27M
Full Time Employees	390	-	400	400	414

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-1.4B	-4.25B	1.3B	78.53M	-765M
Depreciation & Amortization - CF	471K	3.6M	5.42M	6.2M	4.82M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	2.35M	2.24M
Depreciation & Amortization, Total	471K	3.6M	5.42M	8.55M	7.07M
(Gain) Loss From Sale Of Asset	12K	37K	-	-	-415K
Asset Writedown & Restructuring Costs	-	-	-	956K	-
Stock-Based Compensation (CF)	44.8M	17.79M	6.17M	22.59M	16.2M
Other Operating Activities, Total	1.17B	4.17B	-1.35B	-154M	725M
Change In Accounts Payable	63.55M	-66.85M	96K	-	-
Change In Deferred Taxes	-1.81M	-3.33M	1.46M	1.59M	-765K
Change in Other Net Operating Assets	4.16M	323M	-88.58M	11.49M	46.53M
Cash from Operations	-121M	195M	-127M	-29.98M	28.63M
Capital Expenditure	-2.09M	-1.29M	-966K	-391K	-9.93M
Sale of Property, Plant, and Equipment	-	-	32K	-	-
Cash Acquisitions	-	-	1.29M	-4.62M	-
Sale (Purchase) of Intangible assets	1.5B	-	-	-12M	-250K
Investment in Marketable and Equity Securities, Total	-	-	3.57M	-24.83M	23.59M
Other Investing Activities, Total	1.51M	-	-	-3.23M	-11.31M
Cash from Investing	1.5B	-1.29M	3.92M	-45.08M	2.1M
Short Term Debt Issued, Total	-	-	-	25M	-
Long-Term Debt Issued, Total	-	225M	43M	-	174M
Total Debt Issued	-	225M	43M	25M	174M
Long-Term Debt Repaid, Total	-200K	-227M	-3.46M	-4.88M	-150M
Total Debt Repaid	-200K	-227M	-3.46M	-4.88M	-150M
Issuance of Common Stock	-	-	-	-	59.19M
Issuance of Preferred Stock	152M	-	-	-	-
Repurchase of Preferred Stock	-	-	-715M	-	-
Common Dividends Paid	-371M	-	-	-	-
Preferred Dividends Paid	-121M	-	-535M	-	-
Common & Preferred Stock Dividends Paid	-492M	-	-535M	-	-
Other Financing Activities, Total	-285K	-5.44M	-2.98M	-21.1M	-40.73M
Cash from Financing	-340M	-7.73M	-1.21B	-980K	42.4M
Foreign Exchange Rate Adjustments	-	-	-	300K	1.59M
Net Change in Cash	1.04B	186M	-1.34B	-75.74M	74.72M
Supplemental Items
Cash Interest Paid	-	5.44M	2.98M	21.1M	40.73M
Levered Free Cash Flow	-5.34B	1.64B	1.03B	-1.08B	-633M
Unlevered Free Cash Flow	-5.26B	1.71B	1.04B	-1.06B	-600M
Change In Net Working Capital	6.01B	-4.27B	-210M	1.18B	499M
Net Debt Issued / Repaid	-200K	-2.3M	39.54M	20.12M	23.93M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-12.75	-47.44	30.64	4.31	-3.26
Return on Total Capital	-12.96	-49.24	32.97	4.39	-3.33
Return On Equity %	-27.68	-106.23	82.15	4.32	-27.57
Return on Common Equity	-29.09	-113.19	89.6	4.32	-27.37
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	72.48K	134.73	114.34	98.51	78.83
EBITDA Margin %	-435K	-4.21K	1.42K	107.97	-76.3
EBITA Margin %	-435K	-4.21K	1.42K	107.04	-76.15
EBIT Margin %	-435K	-4.21K	1.42K	105.55	-77.09
Income From Continuing Operations Margin %	-478K	-4.33K	1.41K	50.2	-331.08
Net Income Margin %	-478K	-4.33K	1.41K	49.55	-322.32
Net Avail. For Common Margin %	-478K	-4.33K	1.41K	49.55	-322.32
Normalized Net Income Margin	-299K	-2.71K	884.23	21.46	-57.87
Levered Free Cash Flow Margin	-1.82M	1.67K	1.13K	-682.55	-266.84
Unlevered Free Cash Flow Margin	-1.8M	1.75K	1.13K	-667.36	-253.04
Asset Turnover
Asset Turnover	0	0.02	0.03	0.07	0.07
Fixed Assets Turnover	-	7.66	5.9	11.33	11.17
Receivables Turnover (Average Receivables)	-	-	-	23.74	4.58
Short Term Liquidity
Current Ratio	43.17	2.23	11.74	34.24	29.28
Quick Ratio	7.16	0.92	0.78	1.53	4.01
Operating Cash Flow to Current Liabilities	-0.7	0.13	-0.82	-0.35	0.22
Days Sales Outstanding (Average Receivables)	-	-	-	15.42	79.75
Long Term Solvency
Total Debt/Equity	19.19	68.89	38.08	24.62	17.62
Total Debt / Total Capital	16.1	40.79	27.58	19.75	14.98
LT Debt/Equity	19.18	0.58	37.78	23.4	15.92
Long-Term Debt / Total Capital	16.09	0.34	27.36	18.78	13.54
Total Liabilities / Total Assets	18.03	44.72	33.29	21.22	16.64
EBIT / Interest Expense	-10.06	-33.59	437.78	4.34	-3.49
EBITDA / Interest Expense	-10.05	-33.56	439.6	4.56	-3.36
(EBITDA - Capex) / Interest Expense	-10.07	-33.57	439.28	4.55	-3.55
Total Debt / EBITDA	-0.92	-0.31	0.37	3.36	-3.3
Net Debt / EBITDA	0.05	0.02	0.29	2.69	-0.51
Total Debt / (EBITDA - Capex)	-0.92	-0.31	0.37	3.37	-3.13
Net Debt / (EBITDA - Capex)	0.05	0.02	0.29	2.7	-0.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	33.34K	-6.15	79.51	49.7
Gross Profit, 1 Yr. Growth %	-	33.34K	-6.15	79.51	49.7
EBITDA, 1 Yr. Growth %	-	223.09	-131.73	-86.87	-192.49
EBITA, 1 Yr. Growth %	971.58	223.13	-131.68	-86.97	-193.01
EBIT, 1 Yr. Growth %	971.58	223.13	-131.68	-87.15	-195.32
Earnings From Cont. Operations, 1 Yr. Growth %	1.08K	203.01	-130.62	-93.88	-1.09K
Net Income, 1 Yr. Growth %	1.08K	203.01	-130.6	-93.96	-1.07K
Normalized Net Income, 1 Yr. Growth %	1.08K	202.98	-130.65	-95.8	-378.02
Diluted EPS Before Extra, 1 Yr. Growth %	-83.17	202.9	-128.19	-93.61	-980.88
Accounts Receivable, 1 Yr. Growth %	-	-	-	257.16	160.95
Inventory, 1 Yr. Growth %	-	-73.07	-22.25	-	-64.07
Net Property, Plant and Equip., 1 Yr. Growth %	-	109.55	-19.99	1.88	100.94
Total Assets, 1 Yr. Growth %	47.65	-54.31	-43.57	68.88	29.83
Tangible Book Value, 1 Yr. Growth %	-692.27	-72.11	-27.38	91.65	37.14
Common Equity, 1 Yr. Growth %	55.69	-72.09	-22.85	87.74	35.63
Cash From Operations, 1 Yr. Growth %	80.53K	-261.17	-164.98	-76.33	-195.51
Capital Expenditures, 1 Yr. Growth %	-	-38.35	-24.88	-59.52	2.44K
Levered Free Cash Flow, 1 Yr. Growth %	-	-130.63	-36.76	-204.8	-40.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-132.55	-39.48	-202.28	-42.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	1.67K	27.18	63.93
Gross Profit, 2 Yr. CAGR %	-	-	1.67K	27.18	63.93
EBITDA, 2 Yr. CAGR %	-	-	1.25	-79.62	-62.78
EBITA, 2 Yr. CAGR %	-	488.44	1.18	-79.71	-62.74
EBIT, 2 Yr. CAGR %	-	488.44	1.18	-79.86	-62.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-	497.27	-3.68	-86.31	-22.27
Net Income, 2 Yr. CAGR %	-	497.27	-3.71	-86.4	-23.28
Normalized Net Income, 2 Yr. CAGR %	-	497.19	-3.64	-88.68	-58.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-28.6	-7.59	-86.58	-24.93
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	205.28
Inventory, 2 Yr. CAGR %	-	-	-54.24	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	29.48	-9.72	43.08
Total Assets, 2 Yr. CAGR %	-	-17.87	-49.22	-5.41	48.07
Tangible Book Value, 2 Yr. CAGR %	-	28.53	-54.99	17.97	62.12
Common Equity, 2 Yr. CAGR %	-	-34.08	-53.59	20.35	59.57
Cash From Operations, 2 Yr. CAGR %	-	3.5K	2.34	-60.78	-52.46
Capital Expenditures, 2 Yr. CAGR %	-	-	-31.95	-44.86	220.63
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-55.99	-20.45	-21.69
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-55.62	-21.43	-23.81
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	714.77	34.28
Gross Profit, 3 Yr. CAGR %	-	-	-	714.77	34.28
EBITDA, 3 Yr. CAGR %	-	-	-	-48.81	-64.71
EBITA, 3 Yr. CAGR %	-	-	122.2	-48.96	-64.74
EBIT, 3 Yr. CAGR %	-	-	122.2	-49.19	-64.6
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	121.87	-61.56	-43.02
Net Income, 3 Yr. CAGR %	-	-	121.83	-61.73	-43.53
Normalized Net Income, 3 Yr. CAGR %	-	-	121.93	-66.13	-62.73
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-47.62	-62.07	-45.86
Inventory, 3 Yr. CAGR %	-	-	-	-	-50.09
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	19.53	17.88
Total Assets, 3 Yr. CAGR %	-	-	-27.53	-25.79	5.12
Tangible Book Value, 3 Yr. CAGR %	-	-	6.26	-27.05	24.04
Common Equity, 3 Yr. CAGR %	-	-	-30.53	-26.06	25.25
Cash From Operations, 3 Yr. CAGR %	-	-	845.2	-37.18	-47.24
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-42.77	97.66
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-41.28	-28.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-41.43	-29.5
Compound Annual Growth Rate Over Five Years
EBITA, 5 Yr. CAGR %	-	-	-	-	8.7
EBIT, 5 Yr. CAGR %	-	-	-	-	8.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	45.85
Net Income, 5 Yr. CAGR %	-	-	-	-	45.07
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	13.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-39.52
Total Assets, 5 Yr. CAGR %	-	-	-	-	-4.76
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	25.82
Common Equity, 5 Yr. CAGR %	-	-	-	-	-3.11
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	185.86