Webull (NASDAQ:BULL) Issues Quarterly Earnings Results

Webull (NASDAQ:BULL) issued its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Briefing.com reports. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis.

Here are the key takeaways from Webull’s conference call:

• Webull reported record 2025 results with $571 million in revenue (up 46% YoY), an improved adjusted operating profit margin of 19.3%, five consecutive profitable quarters, and $84 million in adjusted net income for the year.
• Customer metrics accelerated: $24.6 billion in customer assets (up 81% YoY), 5.03 million funded accounts, ~1 million registered users added in Q4, and $3.9 billion of net deposits in the quarter.
• Product and AI momentum — the Vega AI assistant now aids ~1.2 million users weekly, crypto was reintroduced via the Webull Pay acquisition, prediction markets traded 152 million contracts in Q4, and new product offerings (BlackRock model portfolios) and international licenses expanded the TAM.
• Adjusted operating expenses rose significantly (Q4 adjusted opex $143.6M, up 62% YoY) driven by intentional, performance-based marketing and branding spend that could pressure near‑term margins if customer growth slows.
• Management is prioritizing B2B and international expansion (early‑inning Meritz partnership and a growing pipeline) as a long‑term growth channel, but B2B revenue is nascent and timing remains uncertain.

Webull Stock Up 1.8%

Shares of Webull stock traded up $0.11 during trading on Wednesday, hitting $6.07. 28,651,708 shares of the stock traded hands, compared to its average volume of 10,634,732. The stock has a market cap of $3.05 billion, a P/E ratio of -5.42 and a beta of -0.04. The company has a fifty day moving average price of $7.16 and a two-hundred day moving average price of $9.98. Webull has a twelve month low of $5.47 and a twelve month high of $79.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40.

Webull News Summary

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record revenue and deposits: Webull reported record 2025 revenue of $571M and record net deposits of $8.6B (year-over-year growth of 46% and 91% respectively), reinforcing its growth narrative and product expansion plans. Webull Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Technical bounce potential: Chart analysts note a wedge pattern that could point to a rebound after the Q4 print, which may attract momentum and short-term traders. Webull stock wedge pattern points to a rebound after Q4 earnings
• Neutral Sentiment: Discussion of strategic potential: Coverage weighing whether recent trading-platform expansion and product moves justify the stock’s current pricing — useful for investors assessing longer-term upside vs near-term risk. Is Webull (BULL) Pricing Reflect Its Potential After Recent Trading Platform Expansion News
• Neutral Sentiment: Corporate filing correction: A PR Newswire correction was issued (administrative/correction context); no new financials introduced but investors should note updated disclosure. /C O R R E C T I O N — Webull Corporation/
• Negative Sentiment: EPS miss and mixed Q4: Webull missed consensus EPS (reported between $0.01–$0.03 vs. ~$0.05 consensus across reports), which triggered downward pressure despite strong revenue growth. Webull Corporation (BULL) Q4 Earnings Miss Estimates
• Negative Sentiment: Market reaction and near-term weakness: Coverage notes shares slipped in extended trading after the mixed report and that the stock had recently plunged toward its 52-week low — elevating short-term downside risk. Webull Stock Slips On Mixed Q4 Report: What To Know
• Negative Sentiment: Ongoing valuation concerns: Analysts and headlines point to the stock trading near multi‑month lows, prompting an earnings test — the EPS miss reinforces valuation scrutiny until sustained margin improvement or clearer guidance appears. Webull faces earnings test after stock plunges near 52-week low

Wall Street Analysts Forecast Growth

Several analysts recently commented on BULL shares. Wall Street Zen raised shares of Webull from a “strong sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Webull in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Trading of Webull

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new position in shares of Webull during the 3rd quarter worth $26,000. NewEdge Advisors LLC boosted its holdings in Webull by 7.9% in the fourth quarter. NewEdge Advisors LLC now owns 25,918 shares of the company’s stock worth $201,000 after purchasing an additional 1,895 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Webull in the second quarter worth $30,000. Advisory Services Network LLC increased its position in Webull by 44.7% during the fourth quarter. Advisory Services Network LLC now owns 11,650 shares of the company’s stock worth $91,000 after buying an additional 3,600 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Webull during the fourth quarter valued at about $34,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.