Webull Corporation (BULL)

Revenue

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Option Order Flow Rebates Revenue	-	209.96M	135.63M
Option Order Flow Rebates Revenue Growth	-	54.80%	-3.81%
Equity Order Flow Rebates Revenue	-	94.16M	61.44M
Equity Order Flow Rebates Revenue Growth	-	53.27%	19.94%
Total Equity and Option Order Flow Rebates Revenue	324.41M	304.13M	197.07M
Total Equity and Option Order Flow Rebates Revenue Growth	6.67%	54.32%	2.52%
Revenue from Interest Related Income	163.17M	154.26M	130.45M
Revenue from Interest Related Income Growth	5.78%	18.25%	-16.27%
Revenue from Handling Charge Income	96.16M	87.29M	49.04M
Revenue from Handling Charge Income Growth	10.16%	77.99%	59.87%
Other Segment Revenue	29.82M	25.32M	13.66M
Other Segment Revenue Growth	17.78%	85.31%	25.35%
Revenue (Other)	100.00	-700.00	-200.00
Revenue (Total)	613.56M	571.00M	390.23M
Revenue (Total) Growth	7.45%	46.32%	0.16%

Revenue by Geography

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
United States Revenue	-	516.47M	355.02M
United States Revenue Growth	-	45.47%	-2.40%
Singapore Revenue	-	13.16M	10.92M
Singapore Revenue Growth	-	20.44%	95.38%
Hong Kong Revenue	-	6.77M	6.69M
Hong Kong Revenue Growth	-	1.17%	32.08%
Canada Revenue	-	8.30M	1.61M
Canada Revenue Growth	-	417.34%	-
Others Geographic Revenue	-	11.34M	3.06M
Others Geographic Revenue Growth	-	270.16%	737.61%
Revenue from Interest Received on Corporate Bank Deposits	-	14.96M	12.92M
Revenue from Interest Received on Corporate Bank Deposits Growth	-	15.78%	-12.87%
Revenue (Total)	613.56M	571.00M	390.23M
Revenue (Total) Growth	7.45%	46.32%	0.16%

Key Performance Indicators

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Registered Users	27.60M	26.80M	23.30M
Registered Users Growth	2.99%	15.02%	17.68%
Funded Accounts	5.11M	5.03M	4.66M
Funded Accounts Growth	1.59%	7.94%	8.63%
Customer Assets	24.00B	24.60B	13.60B
Customer Assets Growth	-2.44%	80.88%	65.85%
Daily Average Revenue Trades (DARTs)	-	1.06M	694.00K
Daily Average Revenue Trades (DARTs) Growth	-	53.03%	11.58%
Equity Notional Volume	865.00B	732.00B	461.00B
Equity Notional Volume Growth	18.17%	58.78%	24.26%
Options Contracts Volume	587.00M	550.00M	461.00M
Options Contracts Volume Growth	6.73%	19.31%	7.21%

Updated May 22, 2026. Data Source: Fiscal.ai.