Webull Corporation Class A Ordinary Shares(BULL)Earnings, Financials & Key Ratios
BULL•NASDAQ
$7.32
$3.22B mkt cap·Price updated May 6, 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$390M+0.2%
- EBITDA-$8M-127.8%
- Net Income-$23M-473.9%
- EPS (Diluted)-1.13-54.8%
- Gross Margin79.68%-3.9%
- EBITDA Margin-1.97%-127.7%
- Operating Margin-3.68%-162.4%
- Net Margin-5.82%-473.3%
- ROE-3.88%-444.1%
- ROIC-3.87%-133.6%
- Debt/Equity0.03+9.6%
- Interest Coverage-116.90
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: 46.8% free cash flow margin
✗Weaknesses
- ✗Weak 3Y average ROE of 2.3%
- ✗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.
BULL Price & Volume
Webull Corporation Class A Ordinary Shares (BULL) stock price & volume — 10-year historical chart
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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 Years-
TTM26.3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM53.96%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM108.87%
Return on Capital
10 Years4.91%
5 Years4.91%
3 Years4.91%
Last Year-2.39%
BULL Recent Earnings
Webull Corporation Class A Ordinary Shares (BULL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (50%)●Beat Revenue 2/12 qtrs (100%)
Q2 2026Latest
Mar 4, 2026EPS
$0.03
Est $0.05
-40.0%
Revenue
$165M
Est $157M
+5.5%
Q4 2025
Nov 20, 2025EPS
$0.07
Est $0.02
+319.9%
Revenue
$157M
Est $132M
+18.7%
Q3 2025
Aug 28, 2025EPS
$1.10
Revenue
$131M
Q2 2025
May 22, 2025EPS
$0.06
Revenue
$117M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | 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 |
| Q2 2025 | May 22, 2025 | $0.06 | $117M |
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 | 71.21B | 79.05 | 38.56 | 51.58% | 21.38% | 1.68 | ||
 FUTU | 59.73B | 168.00 | 33.86 | 35.79% | 26.38% | 0.31 | ||
 TIGR | 676.45M | 6.93 | 19.25 | 43.68% | 17.64% | 0.27 | ||
 IBKR | 38.79B | 87.04 | 39.21 | 9.83% | 5.18% | 0.00 | ||
 MKTX | 5.53B | 148.84 | 20.45 | 8.58% | 15.79% | 0.05 | ||
 SCHW | 163.74B | 92.15 | 30.82 | 1.87% | 291.38% | 0.93 | ||
 AMTD | 7.15M | 1.01 | 0.24 | -55.94% | 12.95% | 0.17 | ||
 LPL | 4.54B | 4.54 | 29.17 | -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
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 388.33M | 389.6M | 390.23M | 458.45M |
| Revenue Growth % | - | 0.33% | 0.16% | 26.3% |
| Cost of Goods Sold | 59.76M | 66.42M | 79.31M | 100.46M |
| COGS % of Revenue | 15.39% | 17.05% | 20.32% | - |
| Gross Profit | 328.57M▲ 0% | 323.18M▼ 1.6% | 310.92M▼ 3.8% | 357.99M▲ 0% |
| Gross Margin % | 84.61% | 82.95% | 79.68% | 78.09% |
| Gross Profit Growth % | - | -1.64% | -3.79% | - |
| Operating Expenses | 260.01M | 300.2M | 325.28M | 336.81M |
| OpEx % of Revenue | 66.96% | 77.05% | 83.36% | - |
| Selling, General & Admin | 209.74M | 243.37M | 254.77M | 263.09M |
| SG&A % of Revenue | 54.01% | 62.47% | 65.29% | - |
| Research & Development | 46.77M | 52.16M | 63.84M | 70.02M |
| R&D % of Revenue | 12.04% | 13.39% | 16.36% | - |
| Other Operating Expenses | 3.5M | 4.68M | 6.67M | 2M |
| Operating Income | 68.55M▲ 0% | 22.98M▼ 66.5% | -14.35M▼ 162.5% | 21.18M▲ 0% |
| Operating Margin % | 17.65% | 5.9% | -3.68% | 4.62% |
| Operating Income Growth % | - | -66.48% | -162.46% | - |
| EBITDA | 72.06M | 27.66M | -7.68M | 24.88M |
| EBITDA Margin % | 18.56% | 7.1% | -1.97% | 5.43% |
| EBITDA Growth % | - | -61.62% | -127.78% | 290.1% |
| D&A (Non-Cash Add-back) | 3.5M | 4.68M | 6.67M | 3.7M |
| EBIT | 68.55M | 22.98M | -11.93M | 23.61M |
| Net Interest Income | 1.41M | 0 | -122.78K | 0 |
| Interest Income | 1.41M | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 122.78K | 0 |
| Other Income/Expense | -2.87M | -2.8M | 2.3M | -15M |
| Pretax Income | 65.69M▲ 0% | 20.18M▼ 69.3% | -12.05M▼ 159.7% | 6.18M▲ 0% |
| Pretax Margin % | 16.91% | 5.18% | -3.09% | 1.35% |
| Income Tax | 32.21M | 16.14M | 13.82M | 23.27M |
| Effective Tax Rate % | 49.04% | 79.99% | -114.71% | 376.45% |
| Net Income | 50.08M▲ 0% | 6.07M▼ 87.9% | -22.69M▼ 473.9% | -13.88M▲ 0% |
| Net Margin % | 12.9% | 1.56% | -5.82% | -3.03% |
| Net Income Growth % | - | -87.88% | -473.91% | 53.96% |
| Net Income (Continuing) | 33.47M | 4.04M | -25.87M | -17.09M |
| Discontinued Operations | 16.6M | 1.78M | 2.69M | 1000K |
| Minority Interest | 0 | 660.22K | 1.27M | 999.74K |
| EPS (Diluted) | -0.00▲ 0% | -0.73▼ 25072.4% | -1.13▼ 54.8% | -0.03▲ 0% |
| EPS Growth % | - | - | -54.79% | 108.87% |
| EPS (Basic) | -0.00 | -0.73 | -1.13 | - |
| Diluted Shares Outstanding | 459.36M | 459.36M | 459.36M | 431.39M |
| Basic Shares Outstanding | 459.36M | 459.36M | 459.36M | 431.39M |
| Dividend Payout Ratio | - | - | - | - |
BULL Balance Sheet
Webull Corporation Class A Ordinary Shares (BULL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 1.03B | 1.18B | 1.93B | 2.49B |
| Cash & Short-Term Investments | 436.71M | 417.87M | 378.98M | 604.14M |
| Cash Only | 436.22M | 372.34M | 270.73M | 476.68M |
| Short-Term Investments | 485.89K | 45.53M | 108.25M | 127.46M |
| Accounts Receivable | 59.55M | 101.44M | 592.67M | 613.92M |
| Days Sales Outstanding | 55.97 | 95.03 | 554.35 | 413.96 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 502.41M | 627.19M | 952M | 1.27B |
| Total Non-Current Assets | 66.12M | 77.47M | 136.91M | 133.49M |
| Property, Plant & Equipment | 44.43M | 46.21M | 99.92M | 97.09M |
| Fixed Asset Turnover | 8.74x | 8.43x | 3.91x | 4.61x |
| Goodwill | 0 | 5.2M | 5.2M | 5.2M |
| Intangible Assets | 18.04M | 21.4M | 19.42M | 20.48M |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 90 | 19.3K | 0 | 1M |
| Total Assets | 1.09B▲ 0% | 1.26B▲ 15.4% | 2.07B▲ 64.2% | 2.62B▲ 0% |
| Asset Turnover | 0.36x | 0.31x | 0.19x | 0.21x |
| Asset Growth % | - | 15.43% | 64.16% | 226.03% |
| Total Current Liabilities | 563.11M | 680.51M | 1.45B | 1.76B |
| Accounts Payable | 82.86M | 640.17M | 1.39B | 1.69B |
| Days Payables Outstanding | 506.03 | 3.52K | 6.39K | 5.05K |
| Short-Term Debt | 5.24M | 3.47M | 4.97M | 3.38M |
| Deferred Revenue (Current) | 264.34K | 0 | 0 | 0 |
| Other Current Liabilities | 444.78M | 19M | 28.02M | -3.38M |
| Current Ratio | 1.82x | 1.74x | 1.34x | 1.34x |
| Quick Ratio | 1.82x | 1.74x | 1.34x | 1.34x |
| Cash Conversion Cycle | - | - | - | -4.63K |
| Total Non-Current Liabilities | 15.08M | 15.37M | 15.73M | 115.3M |
| Long-Term Debt | 0 | 0 | 0 | 100M |
| Capital Lease Obligations | 9.63M | 9.59M | 10.44M | 40.97M |
| Deferred Tax Liabilities | 5.45M | 5.77M | 5.29M | 22.19M |
| Other Non-Current Liabilities | 0 | 0 | 0 | -5.24M |
| Total Liabilities | 578.18M | 695.88M | 1.46B | 1.87B |
| Total Debt | 17.38M | 13.07M | 15.41M | 112.99M |
| Net Debt | -418.84M | -359.27M | -255.32M | -363.69M |
| Debt / Equity | 0.03x | 0.02x | 0.03x | 0.03x |
| Debt / EBITDA | 0.24x | 0.47x | - | 4.54x |
| Net Debt / EBITDA | -5.81x | -12.99x | - | -14.62x |
| Interest Coverage | - | - | -116.90x | - |
| Total Equity | 513.5M▲ 0% | 564.26M▲ 9.9% | 606.77M▲ 7.5% | 752.56M▲ 0% |
| Equity Growth % | - | 9.88% | 7.54% | 319.3% |
| Book Value per Share | 1.12 | 1.23 | 1.32 | 1.74 |
| Total Shareholders' Equity | 513.5M | 563.6M | 605.5M | 751.56M |
| Common Stock | 4.04K | 13.71K | 13.93K | 4.84K |
| Retained Earnings | -1.44B | -1.76B | -2.24B | -2.23B |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8.52M | -6.86M | -15.2M | -4.23M |
| Minority Interest | 0 | 660.22K | 1.27M | 999.74K |
BULL Cash Flow Statement
Webull Corporation Class A Ordinary Shares (BULL) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | -31.21M | 470.6M | 185.22M | 185.22M |
| Operating CF Margin % | -8.04% | 120.79% | 47.46% | - |
| Operating CF Growth % | - | 1607.69% | -60.64% | -84.54% |
| Net Income | 50.08M | 5.82M | -23.18M | -13.88M |
| Depreciation & Amortization | 1.42M | 2.78M | 3.51M | 1.72M |
| Stock-Based Compensation | 30.02M | 29.41M | 32.59M | 47.02M |
| Deferred Taxes | -5.43M | -1.08M | -7.74M | -4.67M |
| Other Non-Cash Items | 713.79K | 340.98K | 1.15M | -18.32M |
| Working Capital Changes | -108.02M | 433.33M | 178.9M | 110.98M |
| Change in Receivables | 3.16M | 519.63M | 264.63M | -144.82M |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | -94.98M | -13.75M | 11.98M | 0 |
| Cash from Investing | -32.43M | -10.04M | -2.41M | -1.44M |
| Capital Expenditures | -31.55M | -4.54M | -2.41M | -1.44M |
| CapEx % of Revenue | 8.12% | 1.17% | 0.62% | - |
| Acquisitions | -109.16K | -5.5M | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 |
| Cash from Financing | 17.89M | 12.84M | 40.35M | 291 |
| Debt Issued (Net) | -10.84M | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -3.66M |
| Other Financing | 10M | -7.16M | 48.99K | 3.66M |
| Net Change in Cash | -51.2M▲ 0% | 475.85M▲ 1029.3% | 215.82M▼ 54.6% | 116.57M▲ 0% |
| Free Cash Flow | -62.76M▲ 0% | 466.05M▲ 842.6% | 182.8M▼ 60.8% | 121.14M▲ 0% |
| FCF Margin % | -16.16% | 119.62% | 46.84% | 26.42% |
| FCF Growth % | - | 842.55% | -60.78% | -57.81% |
| FCF per Share | -0.14 | 1.01 | 0.40 | 0.40 |
| FCF Conversion (FCF/Net Income) | -0.62x | 77.54x | -8.16x | -8.73x |
| Interest Paid | 0 | 0 | 26.04K | 26.04K |
| Taxes Paid | 55.17M | 19.47M | 15.97M | 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 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | 1.13% | -3.88% | -2.14% |
| Return on Invested Capital (ROIC) | 11.5% | -3.87% | -3.87% |
| Gross Margin | 82.95% | 79.68% | 78.09% |
| Net Margin | 1.56% | -5.82% | -3.03% |
| Debt / Equity | 0.02x | 0.03x | 0.03x |
| Interest Coverage | - | -116.90x | - |
| FCF Conversion | 77.54x | -8.16x | -8.73x |
| Revenue Growth | 0.33% | 0.16% | 26.3% |
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 2024. This represents a 18% increase from $388.3M in 2022.
Webull Corporation Class A Ordinary Shares (BULL) grew revenue by 0.2% over the past year. Growth has been modest.
Webull Corporation Class A Ordinary Shares (BULL) reported a net loss of $13.9M for fiscal year 2024.
Dividend & Returns
Webull Corporation Class A Ordinary Shares (BULL) has a return on equity (ROE) of -3.9%. Negative ROE indicates the company is unprofitable.
Webull Corporation Class A Ordinary Shares (BULL) generated $121.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More BULL
Webull Corporation Class A Ordinary Shares (BULL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates