Webull Corporation Class A Ordinary Shares(BULL)Earnings, Financials & Key Ratios
BULL•NASDAQ
Price updated Jun 17, 2026
AboutWebull Corporation operates as a digital investment platform. The company offers trading services, wealth management product distribution, market data and information, user community, and investor education.Show more
- Revenue$571M+46.3%
- EBITDA$62M+903.1%
- Net Income$25M+209.2%
- EPS (Diluted)-1.23-8.8%
- Gross Margin77.45%-2.8%
- EBITDA Margin10.81%+648.8%
- Operating Margin10.24%+378.4%
- Net Margin4.34%+174.6%
- ROE3.05%+178.7%
BULL Key Insights
Webull Corporation Class A Ordinary Shares (BULL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FCF machine: 98.3% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 13.6% through buybacks
✗Weaknesses
- ✗Weak 3Y average ROE of 0.1%
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when BULL posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
BULL Price & Volume
Webull Corporation Class A Ordinary Shares (BULL) stock price & volume — 10-year historical chart
Loading chart...
BULL Growth Metrics
Webull Corporation Class A Ordinary Shares (BULL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years13.71%
TTM26.3%
Profit CAGR
10 Years-
5 Years-
3 Years-20.91%
TTM53.96%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM108.87%
Return on Capital
10 Years4.33%
5 Years4.33%
3 Years1.45%
Last Year2.6%
BULL Recent Earnings
Webull Corporation Class A Ordinary Shares (BULL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (33%)●Beat Revenue 3/12 qtrs (100%)
Q2 2026Latest
May 21, 2026Metric
Actual
Est
EPS
$0.02-33.3%
$0.03
Rev
$160M+1.6%
$157M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.03-40.0%
$0.05
Rev
$165M+5.5%
$157M
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.07+319.9%
$0.02
Rev
$157M+18.7%
$132M
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$1.10
—
Rev
$131M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $0.02vs $0.03-33.3% | $160Mvs $157M+1.6% |
| Q2 2026 | Mar 4, 2026 | $0.03vs $0.05-40.0% | $165Mvs $157M+5.5% |
| Q4 2025 | Nov 20, 2025 | $0.07vs $0.02+319.9% | $157Mvs $132M+18.7% |
| Q3 2025 | Aug 28, 2025 | $1.10 | $131M |
Based on last 12 quarters of dataView full earnings history →
BULL Peer Comparison
Webull Corporation Class A Ordinary Shares (BULL) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HOOD | 94.77B | 105.20 | 51.32 | 51.58% | 41.12% | 21.38% | 1.68 | |
 FUTU | 13.49B | 96.64 | 9.45 | 67.83% | 44.27% | 26.38% | 0.44 | |
 TIGR | 873.3M | 4.71 | 5.12 | 56.74% | 24.18% | 17.64% | 0.20 | |
 IBKR | 42.37B | 95.09 | 42.83 | 9.83% | 9.62% | 5.18% | 0.00 | |
 MKTX | 4.26B | 119.90 | 18.00 | 3.82% | 35.34% | 24.02% | 0.25 | |
 SCHW | 165.58B | 94.51 | 20.28 | 6.45% | 33.26% | 25.42% | 0.63 | |
 AMTD | 7.08M | 1.00 | 0.24 | -55.94% | 106.14% | 12.95% | 0.17 | |
 LPL | 4.55B | 4.55 | 30.38 | -3.03% | 0.88% | 2.9% | 1.62 |
Compare BULL vs Peers
Webull Corporation Class A Ordinary Shares (BULL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BULL Income Statement
Webull Corporation Class A Ordinary Shares (BULL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Sales/Revenue | 388.33M | 389.6M | 390.23M | 571M | 458.45M |
Revenue Growth % | - | 0.33% | 0.16% | 46.32% | 26.3% |
Cost of Goods Sold | 59.76M | 66.42M | 79.31M | 128.75M | 100.46M |
COGS % of Revenue | 15.39% | 17.05% | 20.32% | 22.55% | - |
Gross Profit | 328.57M▲ 0% | 323.18M▼ 1.6% | 310.92M▼ 3.8% | 442.25M▲ 42.2% | 357.99M▲ 0% |
Gross Margin % | 84.61% | 82.95% | 79.68% | 77.45% | 78.09% |
Gross Profit Growth % | - | -1.64% | -3.79% | 42.24% | - |
Operating Expenses | 260.01M | 300.2M | 325.28M | 383.77M | 336.81M |
OpEx % of Revenue | 66.96% | 77.05% | 83.36% | 67.21% | - |
Selling, General & Admin | 209.74M | 243.37M | 254.77M | 301.36M | 263.09M |
SG&A % of Revenue | 54.01% | 62.47% | 65.29% | 52.78% | - |
Research & Development | 46.77M | 52.16M | 63.84M | 0 | 70.02M |
R&D % of Revenue | 12.04% | 13.39% | 16.36% | - | - |
Other Operating Expenses | 3.5M | 4.68M | 6.67M | 82.42M | 2M |
Operating Income | 68.55M▲ 0% | 22.98M▼ 66.5% | -14.35M▼ 162.5% | 58.47M▲ 507.4% | 21.18M▲ 0% |
Operating Margin % | 17.65% | 5.9% | -3.68% | 10.24% | 4.62% |
Operating Income Growth % | - | -66.48% | -162.46% | 507.39% | - |
EBITDA | 72.06M | 27.66M | -7.68M | 61.71M | 24.88M |
EBITDA Margin % | 18.56% | 7.1% | -1.97% | 10.81% | 5.43% |
EBITDA Growth % | - | -61.62% | -127.78% | 903.09% | 290.1% |
D&A (Non-Cash Add-back) | 3.5M | 4.68M | 6.67M | 3.23M | 3.7M |
EBIT | 68.55M | 22.98M | -11.93M | 50.66M | 23.61M |
Net Interest Income | 1.41M | 0 | -122.78K | 148.79M | 0 |
Interest Income | 1.41M | 0 | 0 | 154.26M | 0 |
Interest Expense | 0 | 0 | 122.78K | 5.46M | 0 |
Other Income/Expense | -2.87M | -2.8M | 2.3M | -13.28M | -15M |
Pretax Income | 65.69M▲ 0% | 20.18M▼ 69.3% | -12.05M▼ 159.7% | 45.2M▲ 475.1% | 6.18M▲ 0% |
Pretax Margin % | 16.91% | 5.18% | -3.09% | 7.92% | 1.35% |
Income Tax | 32.21M | 16.14M | 13.82M | 20.83M | 23.27M |
Effective Tax Rate % | 49.04% | 79.99% | -114.71% | 46.09% | 376.45% |
Net Income | 50.08M▲ 0% | 6.07M▼ 87.9% | -22.69M▼ 473.9% | 24.77M▲ 209.2% | -13.88M▲ 0% |
Net Margin % | 12.9% | 1.56% | -5.82% | 4.34% | -3.03% |
Net Income Growth % | - | -87.88% | -473.91% | 209.15% | 53.96% |
Net Income (Continuing) | 33.47M | 4.04M | -25.87M | 24.37M | -17.09M |
Discontinued Operations | 16.6M | 1.78M | 2.69M | 0 | 1000K |
Minority Interest | 0 | 660.22K | 1.27M | 187.23K | 999.74K |
EPS (Diluted) | -0.00▲ 0% | -0.73▼ 25072.4% | -1.13▼ 54.8% | -1.23▼ 8.8% | -0.03▲ 0% |
EPS Growth % | - | - | -54.79% | -8.85% | 108.87% |
EPS (Basic) | -0.00 | -0.73 | -1.13 | -1.23 | - |
Diluted Shares Outstanding | 459.36M | 459.36M | 459.36M | 397M | 431.39M |
Basic Shares Outstanding | 459.36M | 459.36M | 459.36M | 397M | 431.39M |
Dividend Payout Ratio | - | - | - | - | - |
BULL Balance Sheet
Webull Corporation Class A Ordinary Shares (BULL) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Current Assets | 1.03B | 1.18B | 1.93B | 3.46B | 2.49B |
Cash & Short-Term Investments | 436.71M | 417.87M | 378.98M | 2.19B | 604.14M |
Cash Only | 436.22M | 372.34M | 270.73M | 2.19B | 476.68M |
Short-Term Investments | 485.89K | 45.53M | 108.25M | 0 | 127.46M |
Accounts Receivable | 59.55M | 101.44M | 592.67M | 1.27B | 613.92M |
Days Sales Outstanding | 55.97 | 95.03 | 554.35 | 812.94 | 413.96 |
Inventory | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - |
Other Current Assets | 502.41M | 627.19M | 952M | 0 | 1.27B |
Total Non-Current Assets | 66.12M | 77.47M | 136.91M | 418.82M | 133.49M |
Property, Plant & Equipment | 44.43M | 46.21M | 99.92M | 100.25M | 97.09M |
Fixed Asset Turnover | 8.74x | 8.43x | 3.91x | 5.70x | 4.61x |
Goodwill | 0 | 5.2M | 5.2M | 0 | 5.2M |
Intangible Assets | 18.04M | 21.4M | 19.42M | 85.7M | 20.48M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 90 | 19.3K | 0 | 223.52M | 1M |
Total Assets | 1.09B▲ 0% | 1.26B▲ 15.4% | 2.07B▲ 64.2% | 3.88B▲ 87.6% | 2.62B▲ 0% |
Asset Turnover | 0.36x | 0.31x | 0.19x | 0.15x | 0.21x |
Asset Growth % | - | 15.43% | 64.16% | 87.6% | 226.03% |
Total Current Liabilities | 563.11M | 680.51M | 1.45B | 3.61M | 1.76B |
Accounts Payable | 82.86M | 640.17M | 1.39B | 0 | 1.69B |
Days Payables Outstanding | 506.03 | 3.52K | 6.39K | - | 5.05K |
Short-Term Debt | 5.24M | 3.47M | 4.97M | 3.61M | 3.38M |
Deferred Revenue (Current) | 264.34K | 0 | 0 | 0 | 0 |
Other Current Liabilities | 444.78M | 19M | 28.02M | 0 | -3.38M |
Current Ratio | 1.82x | 1.74x | 1.34x | 958.70x | 1.42x |
Quick Ratio | 1.82x | 1.74x | 1.34x | 958.70x | 1.42x |
Cash Conversion Cycle | - | - | - | - | -4.63K |
Total Non-Current Liabilities | 15.08M | 15.37M | 15.73M | 2.86B | 115.3M |
Long-Term Debt | 0 | 0 | 0 | 65M | 100M |
Capital Lease Obligations | 9.63M | 9.59M | 10.44M | 8.91M | 40.97M |
Deferred Tax Liabilities | 5.45M | 5.77M | 5.29M | 13.37M | 22.19M |
Other Non-Current Liabilities | 0 | 0 | 0 | 2.77B | 0 |
Total Liabilities | 578.18M | 695.88M | 1.46B | 2.86B | 1.87B |
Total Debt | 17.38M | 13.07M | 15.41M | 77.52M | 112.99M |
Net Debt | -418.84M | -359.27M | -255.32M | -2.11B | -363.69M |
Debt / Equity | 0.03x | 0.02x | 0.03x | 0.08x | 0.15x |
Debt / EBITDA | 0.24x | 0.47x | - | 1.26x | 4.54x |
Net Debt / EBITDA | -5.81x | -12.99x | - | -34.24x | -14.62x |
Interest Coverage | - | - | -97.15x | 9.28x | - |
Total Equity | 513.5M▲ 0% | 564.26M▲ 9.9% | 606.77M▲ 7.5% | 1.02B▲ 67.5% | 752.56M▲ 0% |
Equity Growth % | - | 9.88% | 7.54% | 67.52% | 319.3% |
Book Value per Share | 1.12 | 1.23 | 1.32 | 2.56 | 1.74 |
Total Shareholders' Equity | 513.5M | 563.6M | 605.5M | 1.02B | 751.56M |
Common Stock | 4.04K | 13.71K | 13.93K | 5.24M | 4.84K |
Retained Earnings | -1.44B | -1.76B | -2.24B | -2.18B | -2.23B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -8.52M | -6.86M | -15.2M | 1.52M | -4.23M |
Minority Interest | 0 | 660.22K | 1.27M | 187.23K | 999.74K |
BULL Cash Flow Statement
Webull Corporation Class A Ordinary Shares (BULL) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | -31.21M | 470.6M | 185.22M | 566.42M | 122.58M |
Operating CF Margin % | -8.04% | 120.79% | 47.46% | 99.2% | - |
Operating CF Growth % | - | 1607.69% | -60.64% | 205.82% | -84.54% |
Net Income | 50.08M | 5.82M | -23.18M | 24.37M | -13.88M |
Depreciation & Amortization | 1.42M | 2.78M | 3.51M | 3.2M | 1.72M |
Stock-Based Compensation | 30.02M | 29.41M | 32.59M | 43.87M | 47.02M |
Deferred Taxes | -5.43M | -1.08M | -7.74M | 3.04M | -4.67M |
Other Non-Cash Items | 713.79K | 340.98K | 1.15M | -3.53M | -18.32M |
Working Capital Changes | -108.02M | 433.33M | 178.9M | 495.48M | 110.98M |
Change in Receivables | 3.16M | 519.63M | 264.63M | -281.52M | -144.82M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -94.98M | -13.75M | 11.98M | 38.84M | 0 |
Cash from Investing | -32.43M | -10.04M | -2.41M | 45.5M | -1.44M |
Capital Expenditures | -31.55M | -4.54M | -2.41M | -4.89M | -1.44M |
CapEx % of Revenue | 8.12% | 1.17% | 0.62% | 0.86% | 0.31% |
Acquisitions | -109.16K | -5.5M | 0 | 50.39M | 0 |
Investments | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | 17.89M | 12.84M | 40.35M | 352.08M | 291 |
Debt Issued (Net) | -10.84M | 0 | 0 | -35M | 0 |
Equity Issued (Net) | 18.73M | 20M | 40.3M | 390.94M | -3.66M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -20.01M | -3.66M |
Other Financing | 10M | -7.16M | 48.99K | -3.86M | 3.66M |
Net Change in Cash | -51.2M▲ 0% | 475.85M▲ 1029.3% | 215.82M▼ 54.6% | 980.35M▲ 354.2% | 116.57M▲ 0% |
Free Cash Flow | -62.76M▲ 0% | 466.05M▲ 842.6% | 182.8M▼ 60.8% | 561.54M▲ 207.2% | 121.14M▲ 0% |
FCF Margin % | -16.16% | 119.62% | 46.84% | 98.34% | 26.42% |
FCF Growth % | - | 842.55% | -60.78% | 207.18% | -57.81% |
FCF per Share | -0.14 | 1.01 | 0.40 | 1.41 | 0.28 |
FCF Conversion (FCF/Net Income) | -0.62x | 77.54x | -8.16x | 22.87x | -8.73x |
Interest Paid | 0 | 0 | 26.04K | 3.47M | 26.04K |
Taxes Paid | 55.17M | 19.47M | 15.97M | 12.04M | 7.16M |
BULL Key Ratios
Webull Corporation Class A Ordinary Shares (BULL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
Return on Equity (ROE) | 1.13% | -3.88% | 3.05% | -2.14% |
Return on Invested Capital (ROIC) | 11.5% | -3.87% | - | 4.56% |
Gross Margin | 82.95% | 79.68% | 77.45% | 78.09% |
Net Margin | 1.56% | -5.82% | 4.34% | -3.03% |
Debt / Equity | 0.02x | 0.03x | 0.08x | 0.15x |
Interest Coverage | - | -97.15x | 9.28x | - |
FCF Conversion | 77.54x | -8.16x | 22.87x | -8.73x |
Revenue Growth | 0.33% | 0.16% | 46.32% | 26.3% |
Related:BULL Dividend History·BULL Revenue History·BULL Price History·BULL P/E History·BULL Financial Ratios·BULL Institutional Holders
BULL Frequently Asked Questions
Webull Corporation Class A Ordinary Shares (BULL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Webull Corporation Class A Ordinary Shares (BULL) reported $458.4M in revenue for fiscal year 2025. This represents a 18% increase from $388.3M in 2022.
Webull Corporation Class A Ordinary Shares (BULL) grew revenue by 46.3% over the past year. This is strong growth.
Webull Corporation Class A Ordinary Shares (BULL) reported a net loss of $13.9M for fiscal year 2025.
Dividend & Returns
Webull Corporation Class A Ordinary Shares (BULL) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.
Webull Corporation Class A Ordinary Shares (BULL) generated $121.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.