Equity Profile

BLSH

Bullish

FinancialsFinancial Exchanges & Data$3.5B

May14Thu

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:54 AM EDT

Bullish Misses on EPS, Stock Up 0.00%

Metric	Actual	Expected	Surprise
EPS	$-3.85	$0.16	-2433.33%
Revenue	—	$94M	—

management commentary, guidance changes, and full analysis available with Pro.

Bullish Misses on EPS, Stock Up 0.00%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-3.85	$0.16	-2433.33%
Revenue	—	$94M	—

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on the numerical results.

What It Means

Bullish reported a significant miss on EPS, with an actual loss far below expectations. Despite this, the stock showed no movement, remaining unchanged. The lack of revenue data and management commentary leaves investors with limited insights into the company's future direction.

Company Snapshot

Bullish (BLSH) operates in the financial sector, focusing on financial exchanges and data. With a market cap of $6 billion, the company plays a significant role in the evolving landscape of financial technology, which is increasingly important as digital trading and data analytics gain traction.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and investors will be keen to see if Bullish can meet or exceed expectations after a disappointing last quarter.

$0.16

Revenue

Revenue figures will provide insight into the company's growth and market demand, especially in the context of recent market volatility.

$94M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 4Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-1313.87%

Avg Stock Reaction

-2.97%

Last Quarter Recap

In Q4 2025, Bullish reported an EPS of -$3.73, significantly missing expectations. This disappointing performance led to an 8.46% drop in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic, expecting Bullish to rebound with an EPS of $0.16 and revenue of $94 million. However, given the last quarter's performance, there is a palpable tension in the air.

Bull Case

If Bullish meets or exceeds the EPS and revenue estimates, it could signal a strong recovery and renewed investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock price, as investors may lose faith in the company's recovery prospects.

Key Metrics to Watch

EPS

$0.16

Earnings per share is a key indicator of profitability, and investors will be keen to see if Bullish can meet or exceed expectations after a disappointing last quarter.

Revenue

$94M

Revenue figures will provide insight into the company's growth and market demand, especially in the context of recent market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

Can Bullish achieve an EPS of at least $0.16 this quarter?

Given the drastic miss last quarter, this figure will be critical in restoring investor confidence.

Will revenue reach or exceed $94 million?

Revenue growth is essential for demonstrating market demand and operational effectiveness, especially after a disappointing previous quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in earnings, given the company's recent investments in technology and market positioning.

Supporting Evidence

Despite a poor last quarter, the market may be overly focused on historical performance rather than future potential.

Options pricing suggests a higher expected move, indicating that traders are anticipating significant changes.

The significant insider selling could be viewed as a negative signal, but it may also indicate a strategic repositioning rather than a lack of confidence.

Key Risk

If Bullish can demonstrate a solid recovery in earnings and revenue, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal for Bullish, as it needs to demonstrate recovery after a significant earnings miss.

Bull Confirmed If

Achieving an EPS of $0.16 or better would confirm a positive turnaround.

Bear Confirmed If

An EPS below $0.14 would reinforce concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.84%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.8% while BLSH has averaged ±5.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

72.8%

Calls (330K)P/C Ratio: 3.18Puts (85K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Bullish beats expectations, history suggests the stock could rise around 5.97% on the first trading day post-earnings.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline of approximately 8.46%, as seen in the last quarter's reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product offerings or technological advancements.
2Management's commentary on market conditions and competitive landscape.
3Insights into customer acquisition and retention strategies.
4Details on cost management and operational efficiency improvements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

monday.com Ltd.

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and investors will be keen to see if Bullish can meet or exceed expectations after a disappointing last quarter.

$0.16

Revenue

Revenue figures will provide insight into the company's growth and market demand, especially in the context of recent market volatility.

$94M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 4Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-1313.87%

Avg Stock Reaction

-2.97%

Last Quarter Recap

In Q4 2025, Bullish reported an EPS of -$3.73, significantly missing expectations. This disappointing performance led to an 8.46% drop in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Bullish meets or exceeds the EPS and revenue estimates, it could signal a strong recovery and renewed investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock price, as investors may lose faith in the company's recovery prospects.

Key Metrics to Watch

EPS

$0.16

Earnings per share is a key indicator of profitability, and investors will be keen to see if Bullish can meet or exceed expectations after a disappointing last quarter.

Revenue

$94M

Revenue figures will provide insight into the company's growth and market demand, especially in the context of recent market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

Can Bullish achieve an EPS of at least $0.16 this quarter?

Given the drastic miss last quarter, this figure will be critical in restoring investor confidence.

Will revenue reach or exceed $94 million?

Revenue growth is essential for demonstrating market demand and operational effectiveness, especially after a disappointing previous quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in earnings, given the company's recent investments in technology and market positioning.

Supporting Evidence

Despite a poor last quarter, the market may be overly focused on historical performance rather than future potential.

Options pricing suggests a higher expected move, indicating that traders are anticipating significant changes.

The significant insider selling could be viewed as a negative signal, but it may also indicate a strategic repositioning rather than a lack of confidence.

Key Risk

If Bullish can demonstrate a solid recovery in earnings and revenue, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal for Bullish, as it needs to demonstrate recovery after a significant earnings miss.

Bull Confirmed If

Achieving an EPS of $0.16 or better would confirm a positive turnaround.

Bear Confirmed If

An EPS below $0.14 would reinforce concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.84%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.8% while BLSH has averaged ±5.9% over the last 4 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

72.8%

Calls (330K)P/C Ratio: 3.18Puts (85K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Bullish beats expectations, history suggests the stock could rise around 5.97% on the first trading day post-earnings.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

A miss could lead to a decline of approximately 8.46%, as seen in the last quarter's reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product offerings or technological advancements.
2Management's commentary on market conditions and competitive landscape.
3Insights into customer acquisition and retention strategies.
4Details on cost management and operational efficiency improvements.