BLSH vs USBC
BLSH: Bullish operates a specialized digital asset exchange providing liquidity and trading infrastructure for cryptocurrencies and tokenized securities. USBC: USBC, Inc. is a firm focused on a tokenized cryptocurrency treasury strategy, centering its operations on the management of digital asset holdings.
Side-by-side fundamentals
| Metric | BLSH | USBC | Edge |
|---|---|---|---|
| Price as of 2026-07-22 close | $23.66 | $0.34 | |
| Market cap as of 2026-07-23 | $3.7B | $133M | |
| Net margin as of 2026-07-23 | -0.5% | -460.3% | BLSH higher |
| Gross margin as of 2026-07-23 | +0.0% | +42.8% | USBC higher |
| Operating margin as of 2026-07-23 | -0.5% | -288.4% | BLSH higher |
| ROE as of 2026-07-23 | -32.5% | -82.2% | BLSH higher |
| ROA as of 2026-07-23 | -26.5% | -91.8% | BLSH higher |
| Debt / equity as of 2026-07-23 | 0.19 | 0.08 | USBC lower |
| Revenue growth (YoY) as of 2026-07-23 | -35.4% | n/a | |
| Beta as of 2026-07-23 | 2.19 | 2.51 | |
| 1-year return as of 2026-07-22 close | -34.6% | -85.0% | 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.