Webull
Digital brokerage combining multi-asset trading with market data and analytical tools.
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Profile
Offers self-directed and institutional investors trading in stocks, ETFs, options, futures, digital assets, and related cash and margin products, supported by market data and analytical tools. Revenue comes mainly from trading activity and interest income, with locally licensed brokerages operating on a shared global technology platform.
Provides a digital investment platform for self-directed traders across mobile, web, desktop, and API interfaces. Brokerage products include stocks, ETFs, options, fractional shares, futures, digital assets, margin lending, cash management, and advisory services, supported by market data, charting, education, paper trading, and an investor community.
Operates through locally licensed brokerages across North America, Asia Pacific, Europe, Africa, and Latin America. A shared technology stack carries research, watchlists, orders, and positions across devices while supporting localized products and institutional services.
Revenue comes primarily from trading activity—especially U.S. order-flow rebates—and interest income from stock lending and margin financing; markets outside the United States generally charge commissions. Results depend on trading volumes, interest rates, market makers, liquidity providers, clearing partners, cybersecurity, and local regulatory approvals. A founder-controlled dual-class structure concentrates most voting power.
Company facts
Categories
Key statistics
Year to date +14.5% · Average volume (30d) 13.7M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q2 FY26 | $0.05 | $0.07 | +55.6% | $183.0M | $198.8M | +8.7% | +2.43% |
| May 21, 2026Q1 FY26 | $0.03 | $0.02 | −33.3% | $157.4M | $159.9M | +1.6% | −6.51% |
| Mar 4, 2026Q4 FY25 | $0.05 | $0.03 | −40.0% | $156.6M | $165.2M | +5.5% | −5.60% |
| Nov 20, 2025Q3 FY25 | $0.02 | $0.07 | +319.9% | $132.2M | $156.9M | +18.7% | +0.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $117.4M | $131.5M | $156.9M | $165.2M | $159.9M | $198.8M | |
| Gross profit | $94.1M | $96.7M | $121.3M | $130.1M | $121.5M | $154.5M | |
| Operating income | $20.6M | −$3.7M | $24.4M | $17.2M | −$2.4M | $45.5M | |
| Net income | $13.1M | −$28.3M | $36.9M | $3.0M | −$21.7M | $24.4M | |
| Diluted EPS | −$0.02 | −$1.20 | $0.07 | $0.01 | −$0.04 | $0.04 | |
| Gross margin | 80.2% | 73.5% | 77.3% | 78.8% | 76.0% | 77.7% | |
| Operating margin | 17.5% | -2.8% | 15.6% | 10.4% | -1.5% | 22.9% |
Fiscal years (4-quarter sums)FY22 $0 · FY23 $390.1M · FY24 $388.4M · FY25 $571.0M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.93B · Total debt $78.7M · Total assets $4.11B · Shareholders' equity $1.04B
Dividends
No dividends on record.
Ownership
Shares outstanding 531.82M · Float 304.64M · 57.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Wang Anquan | 96.80M | 18.20% | 13G | Apr 28, 2026 |
| Tianjin Nuofeng Enterprise Management Consulting Partnership (Limited Partnership) | 37.59M | 9.40% | 13G | Aug 12, 2025 |
| Jun Yuan | 29.76M | 7.40% | 13G | Aug 18, 2025 |
| Peak6 LLC | 29.65M | 5.57% | 13F | Aug 13, 2026 |
| Susquehanna International Group, LLP | 27.30M | 5.13% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Anthony Michael Denier | director, officer: President | −53,848 | $8.83 |
| Aug 21, 2026 | Benjamin Worthy James | director, officer: General Counsel | −50,273 | $9.02 |
| May 26, 2026 | Anthony Michael Denier | director, officer: President | −75,000 | $6.22 |
Peers
- Robinhood Markets
Direct digital-brokerage overlap in active retail trading
- Charles Schwab
Scale brokerage and thinkorswim overlap in retail trading
- Interactive Brokers
Global active-trader platform overlaps across assets and margin
- Morgan Stanley
E*TRADE overlaps in active trading and retail investing
- Futu (ADR)
moomoo overlaps in cross-market mobile brokerage
- Coinbase
Crypto trading overlap as Coinbase expands into multi-asset exchange
- SoFi
App-based investing and cash products overlap with beginner investors
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Webull | $9.39 | +0.16% | $4.98B | 114.3 | 33.0 | 7.3 | +51.2% |
| Robinhood Markets | $104.06 | −0.14% | $93.74B | 45.9 | 44.4 | 22.5 | +32.3% |
| Charles Schwab | $110.05 | −0.09% | $191.58B | 20.0 | 15.2 | 6.4 | +20.9% |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| Morgan Stanley | $214.50 | −0.13% | $338.75B | 17.5 | 16.3 | 2.7 | +36.8% |
| Futu (ADR) | $124.15 | −0.05% | $17.34B | 12.3 | 11.5 | 5.2 | +35.7% |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| SoFi | $18.08 | +0.22% | $23.17B | 37.6 | 24.5 | 4.1 | +41.0% |
| Median | 28.8 | 24.5 | 6.4 | +32.3% |









