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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

Balance sheet

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
Assets
436.2 372.3 270.7 653.2
n/a 0.7 3.8 5.6
n/a 34.3 33.6 35.9
n/a 5.2 5.2 30.3
n/a 1,260.1 2,068.7 3,880.9
Growth +64.2% +87.6%
Liabilities
n/a 695.9 1,461.9 2,864.4
Equity
n/a −1,755.9 −2,241.1 −2,178.2
−1,452.8 −1,762.8 −2,256.2 1,016.3
Growth