Webull Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	613.56	571	390.23	389.6	388.33
Revenue Growth (YoY)	46.55%	46.32%	0.16%	0.33%	-
Gross Profit	613.56	571	390.23	389.6	388.33
Selling, General & Admin	348.03	304.59	261.44	248.05	213.24
Research & Development	86.12	79.18	63.84	52.16	46.77
Other Operating Expenses	143.9	128.75	79.31	66.42	59.76
Total Operating Expenses	578.05	512.52	404.58	366.62	319.78
Operating Income	35.51	58.47	-14.35	22.98	68.55
Total Non-Operating Income (Expense)	-22.62	-13.28	2.3	-2.8	-2.87
Pretax Income	12.89	45.2	-12.05	20.18	65.69
Provision for Income Taxes	23.2	20.83	13.82	16.14	32.21
Net Income	-500.63	-487.52	-517.78	-334.01	-1.33
Minority Interest in Earnings	-0.27	-0.4	-0.49	-0.25	-
Net Income Attributable to Preferred Dividends	490.59	1,025	990.18	680.16	102.82
Earnings From Discontinued Operations	-	-	2.69	1.78	16.6
Net Income to Common	-500.63	-487.52	-517.78	-334.01	-1.33
Shares Outstanding (Basic)	492	397	139	138	134
Shares Outstanding (Diluted)	500	397	139	138	134
Shares Change (YoY)	138.89%	185.96%	0.63%	2.58%	-
EPS (Basic)	-1.15	-1.23	-3.73	-2.42	-0.01
EPS (Diluted)	-1.16	-1.23	-3.73	-2.42	-0.01
Shares Outstanding	530.72	523.45	139.31	137.08	135.75
Free Cash Flow	-	561.54	182.8	466.05	-62.76
Free Cash Flow Growth	-	207.18%	-60.78%	-	-
Free Cash Flow Per Share	-	1.41	1.32	3.38	-0.47
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	5.79%	10.24%	-3.68%	5.90%	17.65%
Profit Margin	0.49%	4.27%	-6.63%	1.04%	8.62%
FCF Margin	-	98.34%	46.84%	119.62%	-16.16%
EBITDA	35.51	61.68	-10.85	25.76	69.98
EBITDA Margin	5.79%	10.80%	-2.78%	6.61%	18.02%
EBIT	35.51	58.47	-14.35	22.98	68.55
EBIT Margin	5.79%	10.24%	-3.68%	5.90%	17.65%
Effective Tax Rate	179.99%	46.09%	-114.71%	79.99%	49.04%

SEC Filings: 10-K · 10-Q