Webull Corp (BULL)

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. Its platform enables retail investors to trade securities through its licensed broker dealer in the United States, Canada, the United Kingdom, Australia, Hong Kong, Indonesia, Singapore, Malaysia, Thailand, Japan, South Africa, the Netherlands, and internationally. Webull Corporation was founded in 2016 and is headquartered in Saint Petersburg, Florida.

Symbol
BULL
Exchange
Nasdaq
Sector
Technology
Industry
Software - Application
Market cap
$3.35B
52 week range
4.5 - 16.04

Valuation

Share price
$7.68 (close of 2026-09-23)
P/E (TTM)
-37.82x
Price to book
4.45x
Price to free cash flow
10.06x
Enterprise value
$2.99B
Book value per share
$1.74

Price performance

PeriodChange
1 day-6.91%
5 days-11.32%
1 month-12.53%
3 months+15.66%
6 months+44.63%
Year to date-1.16%
1 year-45.14%
3 years-28.42%
All time-22.74%

Profitability and growth

Return on equity
2.44%
Return on assets
0.64%
Net margin
4.34%
EBITDA margin
8.55%
Revenue growth
46.32%
Net income growth
209.15%
Free cash flow growth
207.18%

Cash flow and balance sheet

Free cash flow yield (TTM)
9.94%
Current ratio
1.42x
Net debt to EBITDA
27.45x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$571.00M
EBITDA
$48.81M
Net income
$24.77M
Earnings per share
$-1.23
Research and development
$35.52M
Shares outstanding
397.00M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$571.00M$24.77M$-1.23
2024-12-31$390.23M$-22.69M$-3.73
2023-12-31$389.60M$6.07M$-2.42
2022-12-31$388.33M$50.08M$-0.01

Margins and returns by year

Period endNet marginReturn on equity
2025-12-314.34%2.44%
2024-12-31-5.82%1.01%
2023-12-311.56%-0.34%
2022-12-3112.90%-3.45%

Cash and debt by year

Period endCash
2025-12-31$653.19M
2024-12-31$270.73M
2023-12-31$372.34M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$561.54M$43.87M
2024-12-31$182.80M$32.59M
2023-12-31$466.05M$29.41M
2022-12-31$-62.76M$30.02M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-19Jun/2026-
2026-05-21--
2026-03-04--
2025-11-20--
2025-08-28--
2025-05-22--

Filings and sources

Company website
webullcorp.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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