Webull Corporation (BULL)

NASDAQ: BULL · Real-Time Price · USD

7.65

-0.44 (-5.44%)

At close: Sep 23, 2026, 4:00 PM EDT

7.61

-0.04 (-0.52%)

Pre-market: Sep 24, 2026, 6:36 AM EDT

Webull Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	672.28	564.33	388.97	388.5	388.21
Revenue Growth	47.08%	45.08%	0.12%	0.08%	-
Operating Income	77.23	53.01	-14.48	22.98	68.55
Net Income	42.6	-487.52	-517.78	-334.01	-1.33
Earnings Per Share	0.08	-1.23	-3.73	-2.42	-0.01
EPS Growth	-78.27%	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Option Order Flow Rebates	-	209.96	135.63	141.01	191.78
Equity Order Flow Rebates	-	94.16	61.44	51.22	87.2
Revenue from Interest Related Income	169.63	154.26	130.45	155.79	91.88
Revenue from Handling Charge Income	110.83	87.29	49.04	30.68	8.5
Other Segment	31.75	25.32	13.66	10.9	8.97
Revenue (Total)	680.89	571	390.23	389.6	388.33

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	1,926	2,190	1,210	994.14	497.32
Total Debt	78.73	77.52	15.41	13.07	12.14
Net Cash (Debt)	1,847	2,113	1,195	981.07	485.18
Net Cash Growth	18.84%	76.87%	21.76%	102.21%	-
Net Cash Per Share	3.51	5.32	8.60	7.11	3.61

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	43.46	566.42	185.22	470.6	-31.21
Capital Expenditures	-11.24	-4.89	-2.41	-4.54	-31.55
Free Cash Flow	32.22	561.54	182.8	466.05	-62.76
Free Cash Flow Growth	-91.80%	207.18%	-60.78%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Margin	11.49%	9.39%	-3.72%	5.92%	17.66%
Pretax Margin	10.26%	8.01%	-3.10%	5.19%	16.92%
Profit Margin	6.34%	-86.39%	-133.12%	-85.97%	-0.34%
FCF Margin	4.79%	99.50%	47.00%	119.96%	-16.17%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Forward PE	26.84	45.71	-	-	-
P/FCF Ratio	128.12	6.94	0.95	0.61	-
PS Ratio	6.14	6.91	0.45	0.73	0.69