BLSH vs FWDI
BLSH: Bullish operates a specialized digital asset exchange providing liquidity and trading infrastructure for cryptocurrencies and tokenized securities. FWDI: Forward Industries is a cryptocurrency and digital asset investment company struggling with massive impairments and chronic losses as volatile crypto markets erode its portfolio value.
Side-by-side fundamentals
| Metric | BLSH | FWDI | Edge |
|---|---|---|---|
| Price as of 2026-07-22 close | $23.66 | $4.33 | |
| Market cap as of 2026-07-23 | $3.7B | $322M | |
| PEG as of 2026-07-23 | n/a | -0.00 | |
| Net margin as of 2026-07-23 | -0.5% | -2305.2% | BLSH higher |
| Gross margin as of 2026-07-23 | +0.0% | +67.3% | FWDI higher |
| Operating margin as of 2026-07-23 | -0.5% | -1948.0% | BLSH higher |
| ROE as of 2026-07-23 | -32.5% | -142.3% | BLSH higher |
| ROA as of 2026-07-23 | -26.5% | -138.5% | BLSH higher |
| Debt / equity as of 2026-07-23 | 0.19 | 0.09 | FWDI lower |
| Revenue growth (YoY) as of 2026-07-23 | -35.4% | +79.7% | FWDI higher |
| Revenue CAGR (3y) SEC XBRL | n/a | -21.9% | |
| Beta as of 2026-07-23 | 2.19 | 0.80 | |
| 1-year return as of 2026-07-22 close | -34.6% | -55.1% | BLSH higher |
Fundamentals: Finnhub, as of 2026-07-23. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-22.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.