Webull Corp
NASDAQ:BULL
Webull Corp
Webull Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Saint Petersburg, Florida and currently employs 1,102 full-time employees. The company went IPO on 2025-04-11. Webull Corporation is a digital investment platform built upon a next-generation global infrastructure. The Company’s platform allows its customers to invest in United States (U.S.) listed stocks, exchange-traded funds (ETFs), as well as American Depository Receipts. The company offers fractional share trading for U.S.-listed stocks and ETFs on its Webull App, which allows its customers to invest in fractions of a share of a stock or ETF instead of buying or selling whole shares. The company also offers trading in multiple-listed stock options, ETFs, and index options. The company offers cash sweep products to its customers, allowing them to earn interest on uninvested brokerage cash that the Company sweeps to its partner banks. The company provides robo-advisor services through Webull Advisors LLC. The company also provides retirement investment accounts and portfolio management tools for long-term investors. The company offers seamless interoperability for clients investing through mobile, tablet, Web-based, and desktop devices.
Webull Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Saint Petersburg, Florida and currently employs 1,102 full-time employees. The company went IPO on 2025-04-11. Webull Corporation is a digital investment platform built upon a next-generation global infrastructure. The Company’s platform allows its customers to invest in United States (U.S.) listed stocks, exchange-traded funds (ETFs), as well as American Depository Receipts. The company offers fractional share trading for U.S.-listed stocks and ETFs on its Webull App, which allows its customers to invest in fractions of a share of a stock or ETF instead of buying or selling whole shares. The company also offers trading in multiple-listed stock options, ETFs, and index options. The company offers cash sweep products to its customers, allowing them to earn interest on uninvested brokerage cash that the Company sweeps to its partner banks. The company provides robo-advisor services through Webull Advisors LLC. The company also provides retirement investment accounts and portfolio management tools for long-term investors. The company offers seamless interoperability for clients investing through mobile, tablet, Web-based, and desktop devices.
Revenue: Webull reported record 2025 revenue of $571 million, up 46% year‑over‑year.
Profitability: Adjusted operating profit for 2025 was $110.3 million (19.3% margin); Q4 marked the fifth consecutive profitable quarter with Q4 adjusted operating profit of $21.6 million (13% margin).
User & AUM Growth: Customer assets reached $24.6 billion (up 81% YoY) and registered users totaled 26.8 million with 5.03 million funded accounts; Q4 net deposits were $3.9 billion, bringing full‑year net deposits to $8.6 billion.
Trading Activity: Full‑year equity notional volume was $732 billion and option volume was 550 million contracts; Q4 equity notional was $239 billion (up 87% YoY) and Q4 options were 154 million contracts (up 38% YoY).
AI & Product Innovation: Vega, the company’s AI assistant, is live and used by about 1.2 million users weekly (10% of weekly active users have deployed it); prediction markets and crypto were restarted/expanded and ramped quickly in Q4.
Marketing cadence: Q4 adjusted operating expenses rose to $143.6 million driven by higher, targeted marketing; management says much of the spend is performance‑based and expects Q1 to be lighter.
Global & B2B focus: Continued international expansion (14 countries, EU licenses added) and early‑innings B2B partnerships (Meritz/Merit) with >$1 billion notional traded for Korean customers to date.
Capital & balance sheet: Adjusted net income for the year was $84 million; company paid $35 million of a $100 million promissory note during Q4 and intends to manage/pay down debt over time.
