Webull Corporation Earnings Reports

Webull delivered a strong Q3 2025 with total revenue of $156.9 million, positive net income, and solid adjusted earnings. Growth was supported by increased trading volume, new product rollouts including Vega AI, and expansion into international markets.

In its first quarterly report post-IPO, Webull reported $131.5M in revenue and a net loss of $518.9M, driven by non-cash charges. The company delivered its third consecutive quarter of positive operating income and strong customer asset growth.

Webull's Q1 2025 performance was driven by 32% revenue growth and disciplined cost management, resulting in a 24.4% adjusted operating margin. User growth and customer assets also increased significantly year-over-year.