Webull Corporation (BULL)

Webull Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Interest and Dividend Income	154.26	130.45	155.79	91.88
Total Interest Expense	-	0.12	-	-
Net Interest Income	154.26	130.33	155.79	91.88
Brokerage Commission	87.29	49.04	30.68	8.5
Other Revenue	329.45	209.6	202.03	287.82
Revenue	571	388.97	388.5	388.21
Revenue Growth (YoY)	46.80%	0.12%	0.08%	-
Salaries & Employee Benefits	43.9	32.59	29.41	30.02
Cost of Services Provided	460.72	372	337.21	289.76
Other Operating Expenses	-	-1.14	-1.1	-0.13
Total Operating Expenses	504.62	403.45	365.52	319.65
Operating Income	66.37	-14.48	22.98	68.55
Currency Exchange Gains	-	1.97	-2.3	5.51
Other Non-Operating Income (Expenses)	-13.28	0.45	-0.51	1.71
EBT Excluding Unusual Items	53.1	-12.05	20.18	75.77
Other Unusual Items	-7.9	-	-	1.41
Pretax Income	45.2	-12.05	20.18	65.69
Income Tax Expense	20.83	13.82	16.14	32.21
Earnings From Continuing Ops.	24.37	-25.87	4.04	33.47
Earnings From Discontinued Ops.	-	2.69	1.78	16.6
Net Income to Company	24.37	-23.18	5.82	50.08
Minority Interest in Earnings	0.4	0.49	0.25	-
Net Income	24.77	-22.69	6.07	50.08
Preferred Dividends & Other Adjustments	512.29	495.09	340.08	51.41
Net Income to Common	-487.52	-517.78	-334.01	-1.33
Net Income Growth	-	-	-87.88%	-
Shares Outstanding (Basic)	397	139	138	134
Shares Outstanding (Diluted)	397	139	138	134
Shares Change (YoY)	185.96%	0.63%	2.58%	-
EPS (Basic)	-1.23	-3.73	-2.42	-0.01
EPS (Diluted)	-1.23	-3.73	-2.42	-0.01
Free Cash Flow	-	182.8	466.05	-62.76
Free Cash Flow Per Share	-	1.32	3.38	-0.47
Operating Margin	11.62%	-3.72%	5.92%	17.66%
Profit Margin	-85.38%	-133.12%	-85.97%	-0.34%
Free Cash Flow Margin	-	47.00%	119.96%	-16.17%
Effective Tax Rate	46.09%	-	79.99%	49.04%
Revenue as Reported	571	390.23	389.6	388.33

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q