BLSH vs GEMI
BLSH: Bullish operates an institutional-grade cryptocurrency exchange offering high-performance liquidity and trading services for digital assets. GEMI: Gemini is a regulated cryptocurrency exchange serving retail and institutional users with integrated trading, custody, staking, and prediction markets built on institutional-grade security infrastructure.
Side-by-side fundamentals
| Metric | BLSH | GEMI | Edge |
|---|---|---|---|
| Price as of 2026-07-23 close | $24.24 | $4.40 | |
| Market cap as of 2026-07-26 | $3.6B | $512M | |
| PEG as of 2026-07-26 | n/a | -0.01 | |
| Net margin as of 2026-07-26 | -0.5% | -278.9% | BLSH higher |
| Gross margin as of 2026-07-26 | +0.0% | n/a | |
| Operating margin as of 2026-07-26 | -0.5% | -201.4% | BLSH higher |
| ROE as of 2026-07-26 | -32.5% | -107.7% | BLSH higher |
| ROA as of 2026-07-26 | -26.5% | -30.0% | BLSH higher |
| Debt / equity as of 2026-07-26 | 0.19 | 1.03 | BLSH lower |
| Revenue growth (YoY) as of 2026-07-26 | -35.4% | +41.5% | GEMI higher |
| Revenue CAGR (3y) SEC XBRL | n/a | +35.3% | |
| Beta as of 2026-07-26 | 2.19 | 1.81 | |
| 1-year return as of 2026-07-23 close | -36.7% | -56.8% | BLSH higher |
Fundamentals: Finnhub, as of 2026-07-26. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-23.
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.