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Webull Corporation - (BULL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NASDAQ · DATA UPDATED 2026-08-23

Webull Corporation - (BULL) operates in the NASDAQ industry and is headquartered in Saint Petersburg, United States with about 1,396 employees. Its market capitalization is roughly $4 billion. In the fiscal year ended 2025-12-31, BULL reported $571M in revenue and $25M in net income.

Webull Corporation operates as a digital investment platform. The company offers various products and services, including trading, wealth management product distribution, market data and information, user community, and investor education.

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BULL Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$681M$571M$390M$390M$388M
Gross Profit$527M$442M$311M$323M$329M
Gross Margin %77.5%77.5%79.7%83.0%84.6%
Operating Income (EBIT)$85M$58M($14M)$23M$69M$0M
Operating Margin %12.4%10.2%-3.7%5.9%17.6%
Net Income$43M$25M($23M)$6M$50M$0M
Net Margin %6.3%4.3%-5.8%1.6%12.9%
EBITDA$69M$54M($5M)$25M$69M$0M
Earnings Per Share (EPS)$0.08$0.06$-0.05$0.01$0.11$-0.00
Shares Outstanding (M)543M397M459M459M459M500M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BULL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$199M$160M$165M$157M$131M$117M$108M$102M
Gross Profit$154M$122M$130M$121M$97M$94M$85M$82M
Gross Margin %77.7%76.0%78.8%77.3%73.5%80.2%79.0%80.5%
Operating Income (EBIT)$45M($2M)$17M$24M($4M)$21M$15M($11M)
Operating Margin %22.9%-1.5%10.4%15.6%-2.8%17.5%14.0%-10.5%
Net Income$24M($22M)$3M$37M($28M)$13M$11M($9M)
Net Margin %12.2%-13.6%1.8%23.5%-21.5%11.2%10.0%-9.3%
EBITDA$35M($13M)$8M$39M($20M)$19M($7M)
Earnings Per Share (EPS)$0.04$-0.04$0.01$0.07$-0.07$0.03$0.02$-0.02
Shares Outstanding (M)543M526M522M508M431M461M459M459M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BULL Free Cash Flow History

Cash flowTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-31
Cash from Operations (CFO)$566M$185M$471M($31M)
Capital Expenditures (CapEx)$0M$5M$2M$5M$32M
Free Cash Flow (FCF)$562M$183M$466M($63M)
FCF Margin %98.3%46.9%119.6%-16.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BULL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$38M$38M$84M$70M
Capital Expenditures (CapEx)$0M$0M$0M$1M$0M
Free Cash Flow (FCF)$38M$38M$83M$70M
FCF Margin %32.4%35.3%81.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BULL Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Assets$4.1B$3.9B$2.1B$1.3B$1.1B
Cash & Cash Equivalents$1.9B$653M$271M$372M$436M
Total Liabilities$3.1B$2.9B$1.5B$696M$578M
Total Debt (Short + Long-Term)$71M$69M$10M$7M$8M
Total Shareholders' Equity$1.0B$1.0B$606M$564M$514M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BULL viewer.

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