Webull Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-13.88	-22.69	6.07	50.08
Depreciation & Amortization, Total	9.89	10.18	7.45	4.92
Stock-Based Compensation	47.02	32.59	29.41	30.02
Change in Accounts Receivable	390.55	264.63	519.63	3.16
Change in Accounts Payable	5.24	11.98	-13.75	-94.98
Change in Other Net Operating Assets	-43.19	-97.71	-72.55	-16.21
Other Operating Activities	-1.57	-14.08	-5.67	-9.18
Operating Cash Flow	394.64	185.22	470.6	-31.21
Capital Expenditures	-1.84	-2.41	-4.54	-31.55
Cash Acquisitions	-	-	-5.5	-0.11
Investment in Securities	-1	-	-	-0.77
Investing Cash Flow	-2.84	-2.41	-10.04	-32.43
Short-Term Debt Issued	-	5	-	-
Total Debt Issued	35	5	-	-
Short-Term Debt Repaid	-	-5	-	-
Long-Term Debt Repaid	-	-	-	-10.84
Total Debt Repaid	-35.47	-5	-	-10.84
Net Debt Issued (Repaid)	-0.47	-	-	-10.84
Issuance of Common Stock	177.52	0.05	-	0
Other Financing Activities	-	-	-7.16	-
Financing Cash Flow	177.05	40.35	12.84	17.89
Foreign Exchange Rate Adjustments	4.96	-7.33	2.45	-5.45
Net Cash Flow	573.81	215.82	475.85	-51.2
Free Cash Flow	392.8	182.8	466.05	-62.76
Free Cash Flow Growth	37.54%	-60.78%	-	-
Free Cash Flow Margin	85.93%	47.00%	119.96%	-16.17%
Free Cash Flow Per Share	1.85	1.32	3.38	-0.47
Cash Interest Paid	0.03	0.03	-	-
Cash Income Tax Paid	15.97	15.97	19.47	55.17

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

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