# Webull Corp (BULL)

Source page: https://stoqly.net/companies/bull

- **Ticker:** BULL (Nasdaq)
- **Sector:** Financials / Security Brokers, Dealers & Flotation Companies
- **SEC CIK:** 0001866364
- **Latest annual report:** 20-F filed 2026-04-09 (https://www.sec.gov/Archives/edgar/data/1866364/000121390026041653/ea0283691-20f_webull.htm)
- **Data updated:** 2026-11-09

## What the company does

Webull operates a digital investment platform for retail investors, offering brokerage services, market data, news, analysis tools and an online community. Customers can trade stocks, options, futures, digital assets and other products, and use services such as cash management, automated investment advice and managed retirement accounts. The platform works on mobile devices, computers and the web, and includes AI-powered tools such as Vega, which provides market insights, analysis and alerts. Webull’s customers include self-directed and passive retail investors, with the company also developing services for business customers.

Webull operates through its brokerage business in 14 markets across North America, Asia Pacific, Europe and Latin America. It principally earns revenue in the United States through payment for order flow: payments from market makers and exchanges for routing customer orders for execution. Outside the United States, it typically charges customers trading commissions. The platform offers zero-commission trading on U.S. equities and options for U.S. customers and low trading commissions in other markets. Webull reports revenues of $571 million in 2025 and $390.2 million in 2024.

Webull combines local brokerage operations with a centralized technology platform, using a hybrid cloud system and container technology to deploy its infrastructure in local markets. It maintains multiple data centers and stores and encrypts user data locally, while enabling customers to access their accounts across devices and markets. The company’s principal executive office is in St. Petersburg, Florida.

## Key figures

- **Last close:** $5.18 on 2026-11-13 (+4.44% on the day)
- **Market cap:** $2.1B
- **EPS, trailing 12 months:** −$1.23
- **Revenue (FY2025):** $571M
- **Revenue growth:** +46.3%
- **Net margin:** 4.3%
- **Free cash flow:** $562M
- **Free cash flow margin:** 98.3%
- **Change in share count:** +186.0%
- **Piotroski F-score:** 4/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $3.4M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/bull/figures.csv

| US$ millions | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|
| Revenue | 388 | 390 | 390 | 571 |
| Net income | 50 | 6 | -23 | 25 |
| Diluted EPS (US$) | -0.01 | -2.42 | -3.73 | -1.23 |
| Operating cash flow | -31 | 471 | 185 | 566 |
| Free cash flow | -63 | 466 | 183 | 562 |
| Cash | 436 | 372 | 271 | 653 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.