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Webull Corp

BULL Clue Score49
United States Fiscal year ends December CIK 0001866364
$6.31 +6.05% Close, 9 Oct 2026
Price $6.31 −49.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Apr 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2022Revenue388.3Net income50.1EPS, diluted−0.01Fiscal year 2023Revenue389.6 +0.3%Net income6.1 −87.9%EPS, diluted−2.42Fiscal year 2024Revenue390.2 +0.2%Net income−22.7 −473.9%EPS, diluted−3.73Fiscal year 2025Revenue571.0 +46.3%Net income24.8EPS, diluted−1.23
FY2022FY2023FY2024FY2025
Revenue 388.3 389.6 390.2 571.0
Growth +0.3% +0.2% +46.3%
Net income 50.1 6.1 −22.7 24.8
Growth −87.9% −473.9%
EPS, diluted −0.01 −2.42 −3.73 −1.23

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2022Net margin12.9%Free cash flow margin−16.2%Fiscal year 2023Net margin1.6%Free cash flow margin119.6%Fiscal year 2024Net margin−5.8%Free cash flow margin46.8%Fiscal year 2025Net margin4.3%Free cash flow margin98.3%
FY2022FY2023FY2024FY2025
Net margin 12.9% 1.6% −5.8% 4.3%
Free cash flow margin −16.2% 119.6% 46.8% 98.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−31.2Capital expenditure−31.6Free cash flow−62.8Fiscal year 2023Operating cash flow470.6Capital expenditure−4.5Free cash flow466.1Fiscal year 2024Operating cash flow185.2Capital expenditure−2.4Free cash flow182.8 −60.8%Fiscal year 2025Operating cash flow566.4Capital expenditure−4.9Free cash flow561.5 +207.2%
FY2022FY2023FY2024FY2025
Operating cash flow −31.2 470.6 185.2 566.4
Capital expenditure −31.6 −4.5 −2.4 −4.9
Free cash flow −62.8 466.1 182.8 561.5
Growth −60.8% +207.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2022Cash436.2Shareholders’ equity−1,452.8Fiscal year 2023Cash372.3Shareholders’ equity−1,762.8Fiscal year 2024Cash270.7Shareholders’ equity−2,256.2Fiscal year 2025Cash653.2Shareholders’ equity1,016.3
FY2022FY2023FY2024FY2025
Cash 436.2 372.3 270.7 653.2
Shareholders’ equity −1,452.8 −1,762.8 −2,256.2 1,016.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
388.3 389.6 390.2 571.0
Growth +0.3% +0.2% +46.3%
n/a 32.0 32.7 35.5
73.0 95.8 122.7 168.6
65.7 20.2 −12.1 45.2
32.2 16.1 13.8 20.8
50.1 6.1 −22.7 24.8
Growth −87.9% −473.9%
Per share
−0.01 −2.42 −3.73 −1.23
−0.01 −2.42 −3.73 −1.23
Growth
134.5 138.0 138.8 397.0
134.5 138.0 138.8 397.0
Growth +2.6% +0.6% +186.0%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 1 of 4 years on file.