Webull Corporation (BULL)

Webull Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022
Operating Revenue	35.89	21.23	9.04
Other Revenue	330.02	367.78	379.7
Revenue	365.91	389.02	388.75
Revenue Growth (YoY)	-5.87%	0.07%	-
Cost of Revenue	74.27	66.42	59.76
Gross Profit	291.64	322.6	328.98
Selling, General & Admin	336.42	300.72	260.56
Other Operating Expenses	-1.18	-0.6	-1.84
Operating Expenses	335.24	300.13	258.72
Operating Income	-43.61	22.47	70.26
Currency Exchange Gain (Loss)	-2.3	-2.3	5.51
EBT Excluding Unusual Items	-45.9	20.18	75.77
Gain (Loss) on Sale of Assets	-	-	-11.5
Other Unusual Items	-	-	1.41
Pretax Income	-45.9	20.18	65.69
Income Tax Expense	1.56	16.14	32.21
Earnings From Continuing Operations	-47.46	4.04	33.47
Earnings From Discontinued Operations	0.04	1.78	16.6
Net Income to Company	-47.42	5.82	50.08
Minority Interest in Earnings	0.47	0.25	-
Net Income	-46.95	6.07	50.08
Preferred Dividends & Other Adjustments	1,105	340.08	51.41
Net Income to Common	-1,152	-334.01	-1.33
Net Income Growth	-	-87.88%	-
Shares Outstanding (Basic)	42	41	40
Shares Outstanding (Diluted)	42	41	40
Shares Change (YoY)	3.80%	2.58%	-
EPS (Basic)	-27.72	-8.13	-0.03
EPS (Diluted)	-27.72	-8.13	-0.03
Free Cash Flow	202.4	466.05	-62.76
Free Cash Flow Per Share	4.87	11.35	-1.57
Gross Margin	79.70%	82.93%	84.63%
Operating Margin	-11.92%	5.78%	18.07%
Profit Margin	-314.82%	-85.86%	-0.34%
Free Cash Flow Margin	55.31%	119.80%	-16.14%
EBITDA	-40.18	25.25	71.69
EBITDA Margin	-10.98%	6.49%	18.44%
D&A For EBITDA	3.43	2.78	1.42
EBIT	-43.61	22.47	70.26
EBIT Margin	-11.92%	5.78%	18.07%
Effective Tax Rate	-	79.99%	49.04%
Revenue as Reported	367.07	390.12	388.87
Advertising Expenses	-	92.35	92.52

Source: S&P Global Market Intelligence. Standard template. Financial Sources.