Webull Corporation (BULL)

NASDAQ: BULL · Real-Time Price · USD

7.06

-0.09 (-1.26%)

At close: Jul 31, 2026, 4:00 PM EDT

7.04

-0.02 (-0.35%)

After-hours: Jul 31, 2026, 7:59 PM 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	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	46.55%	46.32%	0.16%	0.33%	-
Gross Profit	613.56	571	390.23	389.6	388.33
Operating Income	35.51	58.47	-14.35	22.98	68.55
Net Income	-500.63	-487.52	-517.78	-334.01	-1.33
Earnings Per Share	-1.16	-1.23	-3.73	-2.42	-0.01
EPS Growth	-	-	-	-	-

Revenue by Segment

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
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	154.26	130.45	155.79	91.88
Revenue from Handling Charge Income	87.29	49.04	30.68	8.5
Other Segment	25.32	13.66	10.9	8.97
Revenue (Total)	571	390.23	389.6	388.33

Cash & Debt

Fiscal Year	Current	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
Cash & Investments	1,953	2,190	1,210	994.14	497.32
Total Debt	76.51	77.52	15.41	13.07	12.14
Net Cash (Debt)	1,877	2,113	1,195	981.07	485.18
Net Cash Growth	57.64%	76.87%	21.76%	102.21%	-
Net Cash Per Share	3.75	5.32	8.60	7.11	3.61

Cash Flow & CapEx

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

Margins

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
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	5.79%	10.24%	-3.68%	5.90%	17.65%
Pretax Margin	0.78%	7.92%	-3.09%	5.18%	16.91%
Profit Margin	-3.01%	4.27%	-6.63%	1.04%	8.62%
FCF Margin	0.00%	98.34%	46.84%	119.62%	-16.16%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Forward PE	38.16	45.71	-	-	-
P/FCF Ratio	6.83	7.24	-	-	-
PS Ratio	6.32	7.12	-	-	-