Webull Corporation BULLW

Annual Quarterly

FY2025 · ended Dec 31, 2025 · Revenue $571.00M, +46.3% YoY · Filed Apr 9, 2026

Webull Corporation (BULL) files with the SEC under industry code 6211, Security Brokers, Dealers & Flotation Companies. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $571.0 million and net income of $24.8 million. Free cash flow was $561.5 million. As of Dec 31, 2025 it held $653.2 million in cash and investments and $12.5 million in total debt.

Revenue
$571.00M
+46.3% vs prior year
Net income
$24.77M
+209.2% vs prior year
Operating cash flow
$566.42M
+205.8% vs prior year
Free cash flow
$561.54M
+207.2% vs prior year
EPS
$-1.23
+67.0% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$640.67M
FY 2025
Operating margin
—

Company profile

Industry
Security Brokers, Dealers & Flotation Companies (SIC 6211)
Listed as
BULL (Nasdaq), BULLW (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
St. Petersburg, FL
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1866364

Other Security Brokers, Dealers & Flotation Companies companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Revenue
$571.0M
$390.2M
Net income
$24.8M
-$22.7M
Diluted EPS
-$1.23
-$3.73
Operating cash flow
$566.4M
$185.2M
Free cash flow
$561.5M
$182.8M
Total assets
$3.9B
$2.1B
Total liabilities
$2.9B
$1.5B
Stockholders' equity
$1.0B
-$2.3B
Cash and investments
$653.2M
$270.7M
Total debt
$12.5M
$15.4M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
6-K Current report (foreign issuer) Oct 9, 2026 Oct 9, 2026
6-K Current report (foreign issuer) Oct 1, 2026 Oct 1, 2026
6-K Current report (foreign issuer) Sep 11, 2026 Jun 30, 2026
6-K Current report (foreign issuer) Aug 19, 2026 Aug 19, 2026
6-K Current report (foreign issuer) May 21, 2026 May 21, 2026
6-K Current report (foreign issuer) Apr 21, 2026 Apr 21, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.