Loading...
•
Jun 30, 2025
Webull Corporation Q2 2025 Earnings Report
Webull posted its first results as a public company, highlighting operational profitability and robust growth in assets and users.
Key Takeaways
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.
Revenue reached $131.5M, up 28% YoY.
Net loss of $518.9M due to a $534.3M non-cash charge from earnout liabilities.
Adjusted net income was $15.4M; adjusted EPS of $0.05.
Total customer assets hit a record $29.8B, up 36% YoY.
Forward Guidance
Webull expects continued revenue growth, stable margins, and investment in expanding customer engagement and platform offerings.
Positive Outlook
- Continued strength in net asset inflows expected
- Sustained positive operating income outlook
- Product roadmap includes new trading and wealth tools
- Focus on increasing user engagement across platforms
- Ample liquidity with $874M in cash
Challenges Ahead
- Non-cash earnout liabilities created large GAAP net loss
- Higher compliance costs as a public company
- Market volatility could affect trading volumes
- User growth comps tougher after recent surges
- Investment in product expansion may pressure margins short-term
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...