Webull Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Interest and Dividend Income	154.26	130.45	155.79	91.88
Total Interest Expense	5.46	0.12	-	-
Net Interest Income	148.79	130.33	155.79	91.88
Brokerage Commission	87.29	49.04	30.68	8.5
Other Revenue	328.24	209.6	202.03	287.82
Revenue	564.33	388.97	388.5	388.21
Revenue Growth (YoY)	45.08%	0.12%	0.08%	-
Salaries & Employee Benefits	43.87	32.59	29.41	30.02
Cost of Services Provided	468.65	372	337.21	289.76
Other Operating Expenses	-1.2	-1.14	-1.1	-0.13
Total Operating Expenses	511.32	403.45	365.52	319.65
Operating Income	53.01	-14.48	22.98	68.55
Currency Exchange Gains	-12.19	1.97	-2.3	5.51
Other Non-Operating Income (Expenses)	4.38	0.45	-0.51	1.71
EBT Excluding Unusual Items	45.2	-12.05	20.18	75.77
Other Unusual Items	-	-	-	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	561.54	182.8	466.05	-62.76
Free Cash Flow Per Share	1.41	1.32	3.38	-0.47
Operating Margin	9.39%	-3.72%	5.92%	17.66%
Profit Margin	-86.39%	-133.12%	-85.97%	-0.34%
Free Cash Flow Margin	99.50%	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