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. The company was founded in 2016 and is headquartered in Saint Petersburg, Florida.

Ticker: BULL
Exchange: Nasdaq
Sector: Technology
Industry: Software - Application
Market cap: $2.61B
52-week range: $4.50 - $10.37

Valuation

Share price: $4.92 (close of Nov 6, 2026)
P/E (TTM): 54.67x
Price to book: 2.50x
Price to free cash flow: 3.48x
Enterprise value: $1.99B
Book value per share: $1.97

Price performance

Period	Change
1 day	+2.29%
5 days	-4.84%
1 month	-32.42%
3 months	-31.86%
6 months	-32.79%
Year to date	-36.68%
1 year	-48.91%
3 years	-54.57%
All time	-50.48%

Short interest

As of: Oct 15, 2026
Short % of float: 8.29%
Shares short: 37.23M
Days to cover: 2.08
Change since prior report: -10.50%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 2.44%
Return on assets: 0.64%
Net margin: 4.34%
Revenue growth: 46.32%
Free cash flow growth: 207.18%

Cash flow and balance sheet

Free cash flow yield (TTM): 28.75%
Current ratio: 1.29x
Net debt to EBITDA: -8.10x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $571.00M
Net income: $24.77M
Earnings per share: $-1.23
Research and development: $35.52M
Interest expense: $5.46M
Shares outstanding: 397.00M

Income statement by year

Period end	Revenue	Net income	EPS
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 end	Net margin	Return on equity
2025-12-31	4.34%	2.44%
2024-12-31	-5.82%	-
2023-12-31	1.56%	-
2022-12-31	12.90%	-

Cash and debt by year

Period end	Cash
2025-12-31	$653.19M
2024-12-31	$270.73M
2023-12-31	$372.34M
2022-12-31	$436.22M

Free cash flow by year

Period end	Free cash flow	Stock-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

Next earnings report

Next confirmed report: Nov 19, 2026
Consensus EPS estimate: $0.05

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-19	Jun 2026	-
2026-05-21	Mar 2026	$0.02
2026-03-04	Dec 2025	$0.03
2025-11-20	Sep 2025	$0.01
2025-08-28	Jun 2025	-
2025-05-22	Mar 2025	-

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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Price-to-earnings ratio · Short interest · 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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