All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 |
|---|---|---|---|---|---|
| Revenues | |||||
| Revenue | $681 | $571 | $390 | $390 | $0 |
| Cost of Revenue | $153 | $129 | $79 | $66 | – |
| Gross Profit | $527 | $442 | $311 | $324 | – |
| Total Operating Expenses | $443 | $384 | $325 | $301 | – |
| Operating Income | $85 | $58 | -$14 | $23 | -$1 |
| Non-Operating | |||||
| Net Interest Expense | – | -$5 | -$0 | – | – |
| Income Tax Expense | $27 | $21 | $14 | $16 | – |
| Net Income | |||||
| Net Income | $42 | $24 | -$23 | $6 | $2 |
| Per Share Data | |||||
| Revenue Per Share | $1.25 | $1.44 | $18.97 | $0.85 | $0.00 |
| EPS (Basic) | $0.09 | -$1.23 | -$1.13 | -$0.73 | $0.13 |
| EPS (Diluted) | $0.08 | -$1.23 | -$1.13 | -$0.73 | $0.13 |
| Shares Outstanding | 542.6M | 397.0M | 20.6M | 459.4M | 16.2M |
Webull (BULL) financials: revenue, profit and margins
Webull (BULL) generated about $681 million in revenue and $42 million in net income (a 6.2% net margin) over the trailing twelve months, growing at roughly 21.0% a year. Figures are from company filings; this is analysis, not investment advice.
Frequently asked
What is Webull's (BULL) revenue?+
Webull generated about $681 million in revenue over the trailing twelve months. Revenue has grown at roughly 21.0% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Webull profitable?+
Yes, Webull reported about $42 million in net income over the trailing twelve months, a net profit margin of roughly 6.2%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Webull's profit margins?+
Webull runs a gross margin of about 77.5%, an operating margin of about 12.4%, a net margin of about 6.2%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Webull growing?+
Webull's revenue has compounded at roughly 21.0% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside BULL's margins and free cash flow. This is analysis from company filings, not investment advice.
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Held by ETFs
BULL is in 25 US ETFs. The largest of them, with BULL's weight in each:
iShares Russell 2000 ETFIWM0.06%of the fund
Avantis U.S. Small Cap Value ETFAVUV0.02%of the fund
Vanguard Russell 2000 ETFVTWO0.08%of the fund
SPDR Portfolio Emerging Markets ETFSPEM0.02%of the fund
iShares Russell 2000 Growth ETFIWO0.12%of the fund
Fidelity Nasdaq Composite Index ETFONEQ0.01%of the fund
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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