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
Revenue	571	390.23	389.6	388.33
Revenue Growth (YoY)	46.32%	0.16%	0.33%	-
Gross Profit	571	390.23	389.6	388.33
Selling, General & Admin	304.59	261.44	248.05	213.24
Research & Development	79.18	63.84	52.16	46.77
Other Operating Expenses	128.75	79.31	66.42	59.76
Total Operating Expenses	512.52	404.58	366.62	319.78
Operating Income	58.47	-14.35	22.98	68.55
Total Non-Operating Income (Expense)	-13.28	2.3	-2.8	-2.87
Pretax Income	45.2	-12.05	20.18	65.69
Provision for Income Taxes	20.83	13.82	16.14	32.21
Net Income	-487.52	-517.78	-334.01	-1.33
Minority Interest in Earnings	-0.4	-0.49	-0.25	-
Net Income Attributable to Preferred Dividends	1,025	990.18	680.16	102.82
Earnings From Discontinued Operations	-	2.69	1.78	16.6
Net Income to Common	-487.52	-517.78	-334.01	-1.33
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
Shares Outstanding	523.45	139.31	137.08	135.75
Free Cash Flow	561.54	182.8	466.05	-62.76
Free Cash Flow Growth	207.18%	-60.78%	-	-
Free Cash Flow Per Share	1.41	1.32	3.38	-0.47
Gross Margin	100.00%	100.00%	100.00%	100.00%
Operating Margin	10.24%	-3.68%	5.90%	17.65%
Profit Margin	4.27%	-6.63%	1.04%	8.62%
FCF Margin	98.34%	46.84%	119.62%	-16.16%
EBITDA	61.68	-10.85	25.76	69.98
EBITDA Margin	10.80%	-2.78%	6.61%	18.02%
EBIT	58.47	-14.35	22.98	68.55
EBIT Margin	10.24%	-3.68%	5.90%	17.65%
Effective Tax Rate	46.09%	-114.71%	79.99%	49.04%

Updated Mar 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q