Security
BULLW · Webull Corp
BULLWNASDAQWarrantCurrentCIK 1866364Updated Sep 27, 2026
BULLW price & chart
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NASDAQ:BULLW on TradingView ↗About the company
Webull is a leading digital investment platform built upon a next-generation global infrastructure. We strive to be the platform of choice for a new generation of investors by building an efficient, low-cost, and easy-to-use global investment platform. We distinguish ourselves from other investment service providers by offering a mobile-first user experience, a broad range of investment products and extensive functionality constructed to help our customers build wealth over time. We arm each customer with the tools they need to develop into what we refer to as an informed investor - one who understands the market and has the confidence to succeed as an investor. The Webull platform originally provided users free access to market data and analytical tools, but expanded to offer financial products when we launched brokerage services in the United States in May 2018. Since then, we have expanded to offer services in 14 markets across North America, Asia Pacific, Europe and Latin America, and today, the Webull App has been downloaded more than 50 million times and has over 23.3 million registered users globally.
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 3,880,871,303Source | 2,068,669,417Source | 1,260,137,131Source |
| Property, Plant and Equipment, NetUSD | 35,894,855Source | 33,629,770Source | 34,298,383Source |
| GoodwillUSD | 30,264,138Source | 5,197,438Source | 5,197,438Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 55,434,567Source | 19,415,963Source | 21,397,953Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 653,188,906Source | 270,728,008Source | 372,340,353Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,570,354Source | 3,771,645Source | 693,769Source |
| Assets, CurrentUSD | 3,684,573,101Source | 1,931,757,996Source | 1,182,670,306Source |
| Prepaid Expense and Other Assets, CurrentUSD | 50,208,272Source | 50,344,836Source | 67,403,943Source |
| Operating Lease, Right-of-Use AssetUSD | 64,357,655Source | 66,293,751Source | 11,907,557Source |
| Other Assets, NoncurrentUSD | 1,000,000Source | — | 19,301Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 2,864,391,356Source | 1,461,896,235Source | 695,880,907Source |
| Stockholders’ equity: | |||
| Retained Earnings (Accumulated Deficit)USD | -2,178,189,845Source | -2,241,066,624Source | -1,755,921,317Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,524,496Source | -15,195,946Source | -6,859,801Source |
| Stockholders' Equity Attributable to ParentUSD | 1,016,292,713Source | -2,256,248,639Source | -1,762,767,410Source |
| Additional Paid in Capital, Common StockUSD | 3,192,952,827Source | — | — |
| Liabilities and EquityUSD | 3,880,871,303Source | 2,068,669,417Source | 1,260,137,131Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 2,777,113,313Source | 1,446,165,425Source | 680,514,634Source |
| Operating Lease, Liability, CurrentUSD | 3,611,195Source | 4,969,959Source | 3,474,199Source |
| Accounts Payable, CurrentUSD | 19,027,559Source | 9,666,387Source | 15,440,048Source |
| Operating Lease, Liability, NoncurrentUSD | 8,911,821Source | 10,438,555Source | 9,594,373Source |
| Deferred Income Tax Liabilities, NetUSD | 13,366,222Source | 5,292,255Source | 5,771,900Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 187,234Source | 1,273,088Source | 660,221Source |
| Additional Financial Items | |||
| Accounts Receivable, after Allowance for Credit LossUSD | 568,531,499Source | 265,864,685Source | 61,411,007Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 24,366,029Source | -23,182,152Source | 5,821,988Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 43,872,899Source | 32,587,611Source | 29,411,885Source |
| Deferred Income Tax Expense (Benefit)USD | 3,037,690Source | -7,743,603Source | -1,083,233Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 566,424,456Source | 185,215,389Source | 470,596,832Source |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 5,495,863Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 45,502,881Source | -2,412,229Source | -10,039,796Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,887,272Source | 2,412,229Source | 4,543,933Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 352,081,756Source | 40,346,273Source | 12,837,018Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 653,188,906Source | 270,728,008Source | 372,340,353Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,470,239Source | 26,042Source | — |
| Income Taxes Paid, NetUSD | 12,038,098Source | 15,965,370Source | 19,474,921Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 43,872,899Source | 32,587,611Source | 29,411,885Source |
| Amortization of Intangible AssetsUSD | 630,063Source | — | — |
| DepreciationUSD | 2,572,449Source | 3,010,300Source | 2,675,628Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -12,191,586Source | — | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 280,472Source | 419,753Source | -14,270Source |
| General and Administrative ExpenseUSD | 168,642,689Source | 122,714,628Source | 95,789,803Source |
| GoodwillUSD | 30,264,138Source | 5,197,438Source | 5,197,438Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 0Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 24,770,704Source | -25,385,426Source | 4,284,819Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 24,366,029Source | -25,873,930Source | 4,037,523Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 2,691,778Source | 1,784,465Source |
| Income Tax Expense (Benefit)USD | 20,832,451Source | 13,823,355Source | 16,140,571Source |
| InterestExpenseNonoperatingUSD | 5,461,931Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 24,770,704Source | -22,693,648Source | 6,069,284Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -404,675Source | -488,504Source | -247,296Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -487,519,324Source | -517,781,686Source | -334,010,716Source |
| Nonoperating Income (Expense)USD | -13,275,139Source | — | — |
| Operating ExpensesUSD | 512,523,187Source | 404,582,940Source | 366,623,191Source |
| Operating Lease, Lease IncomeUSD | 1,125,772Source | 1,135,608Source | 1,102,459Source |
| Other Nonoperating Income (Expense)USD | -13,275,139Source | 2,302,693Source | -2,801,285Source |
| Payments to Acquire InvestmentsUSD | 1,000,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 172,730,294Source | — | — |
| Proceeds from Stock Options ExercisedUSD | 2,838,500Source | 48,991Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 570,996,806Source | 390,229,672Source | 389,602,570Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Other Nonoperating Income (Expense)USD | -13,275,139Source | 2,302,693Source | -2,801,285Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 45,198,480Source | -12,050,575Source | 20,178,094Source |
| Income Tax Expense (Benefit)USD | 20,832,451Source | 13,823,355Source | 16,140,571Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -404,675Source | -488,504Source | -247,296Source |
| Net Income (Loss) Attributable to ParentUSD | 24,770,704Source | -22,693,648Source | 6,069,284Source |
| Earnings Per Share, BasicUSD per share | -1.23Source | -3.73Source | -2.42Source |
| Earnings Per Share, DilutedUSD per share | -1.23Source | -3.73Source | -2.42Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 396,999,679Source | 138,828,900Source | 137,965,591Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 396,999,679Source | 138,828,900Source | 137,965,591Source |
| Interest Expense (non-operating)USD | 5,461,931Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 630,063Source | — | — |
| Current Income Tax Expense (Benefit)USD | 17,794,761Source | 21,566,958Source | 17,223,804Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 3,202,512Source | 3,506,395Source | 2,778,476Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -12,191,586Source | — | — |
| General and Administrative ExpenseUSD | 168,642,689Source | 122,714,628Source | 95,789,803Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 24,770,704Source | -25,385,426Source | 4,284,819Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 24,366,029Source | -25,873,930Source | 4,037,523Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -1.23Source | -3.75Source | -2.43Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -1.23Source | -3.75Source | -2.43Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 2,691,778Source | 1,784,465Source |
| Marketing and Advertising ExpenseUSD | 135,947,415Source | 138,721,231Source | 152,258,002Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -487,519,324Source | -517,781,686Source | -334,010,716Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -487,519,324Source | -520,473,464Source | -335,795,181Source |
| Nonoperating Income (Expense)USD | -13,275,139Source | — | — |
| Operating ExpensesUSD | 512,523,187Source | 404,582,940Source | 366,623,191Source |
| Operating Lease, Lease IncomeUSD | 1,125,772Source | 1,135,608Source | 1,102,459Source |
| Research and Development ExpenseUSD | 35,522,819Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 570,996,806Source | 390,229,672Source | 389,602,570Source |