Webull Corp (BULL)
As-reported financials and SEC filings for Webull Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Webull Corp
Webull Corp operates as an online brokerage platform that allows registered users to open brokerage accounts through licensed broker-dealers. The company provides trading services for equities, ETFs, options, warrants, futures, and digital assets. It serves individual investors who trade financial securities through its platform.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Webull
- Revenue grew 46.3% to $571M in FY2025, faster than the 0.2% the year before.
- Most recent quarter Q2 FY2025: revenue $131M, up 46.3% from Q2 FY2024.
- Free cash flow was $562M in FY2025, 98.3% of revenue.
- Net income turned positive at $25M in FY2025, from a $23M loss in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Webull’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Webull’s FCF margin of 98.3% ranks in the 99th percentile of the 266 Financials companies reporting it. Webull’s P/E of 78.9 ranks in the 98th percentile of the 307 peers with a meaningful P/E. Webull’s revenue growth of +46.3% ranks in the 86th percentile of the 418 Financials companies reporting it.
No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $2.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-10-05 | Anthony Michael DenierPresident | Sell | 53.8K | $7.33 | $395K |
2026-09-21 filed 2026-09-22 | Anthony Michael DenierPresident | Sell | 53.8K | $8.32 | $448K |
2026-09-14 filed 2026-09-16 | Haichen WangChief Financial Officer | Sell | 55.0K | $8.98 | $494K |
2026-09-08 | Anthony Michael DenierPresident | Sell | 53.8K | $9.58 | $516K |
2026-08-25 filed 2026-08-26 | Anthony Michael DenierPresident | Sell | 53.8K | $8.83 | $476K |
2026-08-21 filed 2026-08-24 | Benjamin Worthy JamesGeneral Counsel | Sell | 50.3K | $9.02 | $453K |
2026-05-26 filed 2026-05-27 | Anthony Michael DenierPresident | Sell | 75.0K | $6.22 | $467K |
Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-09-30 | 41.6M | +15.0% | 3.03 |
| 2026-09-15 | 36.2M | +12.4% | 2.71 |
| 2026-08-31 | 32.2M | +17.5% | 1.38 |
| 2026-08-14 | 27.4M | +2.6% | 3.32 |
| 2026-07-31 | 26.7M | -0.1% | 2.95 |
| 2026-07-15 | 26.7M | +6.1% | 3.12 |
| 2026-06-30 | 25.2M | +17.0% | 2.27 |
| 2026-06-15 | 21.5M | +29.0% | 1.43 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Revenue | $571.0M | $390.2M | $389.6M | $388.3M |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $24.8M | $-22.7M | $6.1M | $50.1M |
| Diluted EPS | $-1.23 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Cash and equivalents | $653.2M | $270.7M | $372.3M | $436.2M |
| Current assets | $3.68B | $1.93B | $1.18B | — |
| Total assets | $3.88B | $2.07B | $1.26B | — |
| Current liabilities | $2.78B | $1.45B | $680.5M | — |
| Long-term debt | — | — | — | — |
| Total liabilities | $2.86B | $1.46B | $695.9M | — |
| Total equity | $1.02B | $-2.25B | $-1.76B | $-1.45B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Operating cash flow | $566.4M | $185.2M | $470.6M | $-31.2M |
| Capital expenditure | $4.9M | $2.4M | $4.5M | $31.6M |
| Free cash flow |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.
Quarterly trend
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2025 | $131.5M | 46.3% | $-28.3M | — |
| Q1 FY2025 | — | — | $13.1M | — |
| Q2 FY2024 | $89.9M | — | $-11.6M | — |
| Q1 FY2024 | — | — | $-12.4M | — |
Latest 4 quarters, from company XBRL filings on SEC EDGAR. Revenue YoY is our calculation: each quarter against the same quarter a year earlier.
Company facts
Selected SEC filings
Largest Financials peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.