Webull Corp
BULL Nasdaq· Security Brokers, Dealers & Flotation Companies
Last close · Nov 13, 2026
$5.18
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $390M | $571M | 46.3% |
| Net income | −$22.7M | $24.8M | — |
| Diluted EPS | −$3.73 | −$1.23 | — |
| Free cash flow | $183M | $562M | 207.2% |
Key numbers, fiscal 2025
Market cap
$2.1B
P/E
—
Revenue
$571M
Net income
$24.8M
Free cash flow
$562M
Operating margin
—
Webull Corp in 30 seconds fiscal 2025
Are sales growing?
+46.3%
Yes. Sales grew 46.3% last year.
Does it make a profit?
4.3%
A little. It keeps 4.3% of every sale as profit.
Does profit turn into cash?
98.3%
Yes. 98.3% of sales ends up as free cash.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Webull Corp 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.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 9, 2026
- Legal name
- Webull Corp
- CIK
- 0001866364
Webull Corp · BULL · stoqly.net
Results and finances
The last 4 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $388M | $390M | $390M | $571M |
| Revenue growth | — | 0.3% | 0.2% | 46.3% |
| Net income | $50.1M | $6.1M | −$22.7M | $24.8M |
| Net margin | 12.9% | 1.6% | −5.8% | 4.3% |
| Diluted EPS | −$0.01 | −$2.42 | −$3.73 | −$1.23 |
| Cash | ||||
| Cash from operations | −$31.2M | $471M | $185M | $566M |
| Capital expenditure | $31.6M | $4.5M | $2.4M | $4.9M |
| Free cash flow | −$62.8M | $466M | $183M | $562M |
| FCF margin | −16.2% | 119.6% | 46.8% | 98.3% |
| Share count change | — | 2.6% | 0.6% | 186.0% |
| Debt and strength | ||||
| Cash and short-term investments | $436M | $372M | $271M | $653M |
| Shareholders' equity | −$1.5B | −$1.8B | −$2.3B | $1.0B |
| Current ratio | — | 1.7x | 1.3x | 1.3x |
| Returns and quality | ||||
| Return on tangible equity | — | — | — | −52.4% |
| Piotroski F-score | — | — | 2 | 4 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$3.9M
3 insiders
Of sales under plans
63%
$2.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Webull Corp · BULL · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001866364). Latest version: stoqly.net/companies/bull. Data updated November 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.