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Bun exposes its internal transpiler as the Bun.Transpiler class. To create an instance: 
const transpiler = new Bun.Transpiler({
  loader: "tsx", // "js" | "jsx" | "ts" | "tsx"
});

​
.transformSync()

Transpile code synchronously with the .transformSync() method. Modules are not resolved and the code is not executed. The result is a string of vanilla JavaScript code. 
const transpiler = new Bun.Transpiler({
  loader: 'tsx',
});

const code = `
import * as whatever from "./whatever.ts"
export function Home(props: {title: string}){
  return <p>{props.title}</p>;
}`;

const result = transpiler.transformSync(code);
To override the default loader specified in the new Bun.Transpiler() constructor, pass a second argument to .transformSync(). 
transpiler.transformSync("<div>hi!</div>", "tsx");
.transformSync runs the transpiler in the same thread as the calling code.Macros run in the same thread as the transpiler, but in a separate event loop from the rest of your application. Macros and regular code share globals, so it is possible (but not recommended) to share state between them. Using AST nodes outside of a macro is undefined behavior.

​
.transform()

The transform() method is an async version of .transformSync() that returns a Promise<string>. 
const transpiler = new Bun.Transpiler({ loader: "jsx" });
const result = await transpiler.transform("<div>hi!</div>");
console.log(result);
Unless you’re transpiling many large files, use Bun.Transpiler.transformSync. The threadpool overhead often costs more than the transpilation itself. 
await transpiler.transform("<div>hi!</div>", "tsx");
The .transform() method runs the transpiler in Bun’s worker threadpool, so running it 100 times spreads the work across Math.floor($cpu_count * 0.8) threads without blocking the main JavaScript thread.If your code uses a macro, it may spawn a new copy of Bun’s JavaScript runtime environment in that new thread.

​
.scan()

The .scan() method scans source code and returns a list of its imports and exports, plus metadata about each one. Type-only imports and exports are ignored. 
const transpiler = new Bun.Transpiler({
  loader: "tsx",
});

const code = `
import React from 'react';
import type {ReactNode} from 'react';
const val = require('./cjs.js')
import('./loader');

export const name = "hello";
`;

const result = transpiler.scan(code);
Each import in the imports array has a path and kind. Bun categorizes imports into the following kinds:
  • import-statement: import React from 'react'
  • require-call: const val = require('./cjs.js')
  • require-resolve: require.resolve('./cjs.js')
  • dynamic-import: import('./loader')
  • import-rule: @import 'foo.css'
  • url-token: url('./foo.png')

​
.scanImports()

In performance-sensitive code, use the .scanImports() method to get a list of imports. It’s faster than .scan() (especially for large files) but marginally less accurate due to its performance optimizations. 
const transpiler = new Bun.Transpiler({
  loader: "tsx",
});

const code = `
import React from 'react';
import type {ReactNode} from 'react';
const val = require('./cjs.js')
import('./loader');

export const name = "hello";
`;

const result = transpiler.scanImports(code);

​
Reference

See Typescript Definitions
type Loader = "jsx" | "js" | "ts" | "tsx";

interface TranspilerOptions {
  // Replace key with value. Value must be a JSON string.
  // { "process.env.NODE_ENV": "\"production\"" }
  define?: Record<string, string>,

  // Default loader for this transpiler
  loader?: Loader,

  // Default platform to target
  // This affects how import and/or require is used
  target?: "browser" | "bun" | "node",

  // Specify a tsconfig.json file as stringified JSON or an object
  // Use this to set a custom JSX factory, fragment, or import source
  // For example, if you want to use Preact instead of React. Or if you want to use Emotion.
  tsconfig?: string | TSConfig,

  // Replace imports with macros
  macro?: MacroMap,

  // Specify a set of exports to eliminate
  // Or rename certain exports
  exports?: {
      eliminate?: string[];
      replace?: Record<string, string>;
  },

  // Whether to remove unused imports from transpiled file
  // Default: false
  trimUnusedImports?: boolean,

  // Whether to enable a set of JSX optimizations
  // jsxOptimizationInline ...,

  // Experimental whitespace minification
  minifyWhitespace?: boolean,

  // Whether to inline constant values
  // Typically improves performance and decreases bundle size
  // Default: true
  inline?: boolean,
}

// Map import paths to macros
interface MacroMap {
  // {
  //   "react-relay": {
  //     "graphql": "bun-macro-relay/bun-macro-relay.tsx"
  //   }
  // }
  [packagePath: string]: {
    [importItemName: string]: string,
  },
}

class Bun.Transpiler {
  constructor(options: TranspilerOptions)

  transform(code: string, loader?: Loader): Promise<string>
  transformSync(code: string, loader?: Loader): string

  scan(code: string): {exports: string[], imports: Import}
  scanImports(code: string): Import[]
}

type Import = {
  path: string,
  kind:
  // import foo from 'bar'; in JavaScript
  | "import-statement"
  // require("foo") in JavaScript
  | "require-call"
  // require.resolve("foo") in JavaScript
  | "require-resolve"
  // Dynamic import() in JavaScript
  | "dynamic-import"
  // @import() in CSS
  | "import-rule"
  // url() in CSS
  | "url-token"
  // The import was injected by Bun
  | "internal"
  // Entry point (not common)
  | "entry-point-build"
  | "entry-point-run"
}

const transpiler = new Bun.Transpiler({ loader: "jsx" });