Webull Corporation Class A Ordinary Shares
BULL · Price history
Price at last available close
$5.46
−$1.59 (-22.55%) 1M
2026-10-28
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Company & revenue
About Webull Corporation Class A Ordinary Shares
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Webull Corporation operates as a digital investment platform. The company offers various products and services, including trading, wealth management product distribution, market data and information, user community, and investor education. Its platform enables retail investors to trade securities through its licensed broker dealer in the United States, Canada, the United Kingdom, Australia, Hong Kong, Indonesia, Singapore, Malaysia, Thailand, Japan, South Africa, the Netherlands, and internationally.
How they make money
Webull operates a digital investment platform that generates revenue primarily through transaction-based fees, interest income from margin lending and cash balances, and other service-related fees. The company facilitates trading for self-directed retail investors across global financial markets, earning commissions and payment for order flow while managing costs associated with clearing, execution, and platform technology infrastructure.
Products & services
A digital investment platform providing retail investors with access to global financial markets, including trading for stocks, ETFs, options, futures, fractional shares, and digital assets, integrated with market data, community features, and investor education resources.
Brands & revenue mix
The primary brand under which the company provides its digital investment and trading platform services globally.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Retail investorsSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Clearing and execution service providers — Third-party financial institutions that provide clearing, settlement, and trade execution services for the company's platform.Source
- Cloud computing and data infrastructure providers — Technology vendors providing the cloud hosting and data processing services necessary to maintain the trading platform.Source
Strengths
- Global digital platform with 24/7 market accessSource
Risks
- History of net losses attributable to ordinary shareholdersSource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Diluted weighted-average shares increased 25.8% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
43
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
69
Fair
Financial Strength
43
Business Quality / Moat
100
Management
72
Growth Quality
80
Risk / Durability
41
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
33
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
47/100
Building Historical Record
Model Score 47/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for BULL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can BULL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is BULL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is BULL likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What future growth or profitability would be needed to justify BULL's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of BULL's score?
Essential Investment Snapshot
Wall Street Score
43
Opportunity Score
33
Market Cap
$2.63B
P/E Ratio
81.3
EPS
$0.09
52-Week High
$15.04
52-Week Low
$4.50
Beta
0.58
Intrinsic Value
$3.08
Analyst Target
$12.00
Shares Outstanding
397.0M
Total Revenue
$680.9M
Total Debt
$78.7M
Dividend
No current dividend
Liquidation Value / Share
$2.63
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BULL
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on BULL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global digital platform with 24/7 market access.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −History of net losses attributable to ordinary shareholders.
- −Diluted weighted-average shares increased 25.8% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
40
Sep 9, 2026
Change
+2.9
points
Current Score
43
Oct 1, 2026
Category Changes
BULL increased 2.9 points because Asset improved by 8 points, Capital improved by 2 points, Management improved by 19.5 points.
Positive Contributors
- + Asset improved by 8 points
- + Capital improved by 2 points
- + Management improved by 19.5 points
- + Buffett improved by 4.3 points
Projected Score
Projected Score
46
Projected Change
+2.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$5.46
Model Intrinsic Value
$3.08
Difference
+$2.38
+77.3% vs IV
Margin of Safety
-77.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $680.9M | $571.0M | $390.2M | $389.6M | ···· | ···· |
| Cost of Revenue | $153.4M | $128.7M | $79.3M | $66.4M | ···· | ···· |
| Gross Profit | $527.4M | $442.2M | $310.9M | $323.2M | ···· | ···· |
| Research & Development | $67.0M | $79.2M | $63.8M | $52.2M | ···· | ···· |
| SG&A Expenses | $263.5M | $301.4M | $254.8M | $243.4M | ···· | ···· |
| Operating Expenses | $442.8M | $383.8M | $325.3M | $300.2M | ···· | ···· |
| EBITDA | $69.0M | $53.9M | -$5.3M | $24.9M | ···· | ···· |
| Operating Income | $84.7M | $58.5M | -$14.4M | $23.0M | ···· | ···· |
| Interest Expense | $0.00 | $5.5M | $123K | $0.00 | ···· | ···· |
| Income Before Tax | $69.0M | $45.2M | -$12.1M | $20.2M | ···· | ···· |
| Income Tax Expense | $26.5M | $20.8M | $13.8M | $16.1M | ···· | ···· |
| Net Income | $42.6M | $24.8M | -$22.7M | $6.1M | ···· | ···· |
| Basic EPS | $0.09 | $0.06 | $-1.13 | $-0.73 | ···· | ···· |
| Basic Shares | 531M | 397M | 459M | 459M | ···· | ···· |
| Diluted Shares | 543M | 397M | 459M | 459M | ···· | ···· |
Earnings Summary
Revenue
$198.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.04
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-30.3%
Cash Change
+47.2%
Margin Change
+33.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 51.2%. EPS declined 103.7%. Cash increased 47.2%. Total debt declined 30.3%. Net income margin improved by 33.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
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BULL Deadline Alert: SueWallSt Reminds Webull Corporation (BULL) Investors of Securities Class Action Deadline on December 7, 2026
ROSEN, THE FIRST FILING FIRM, Encourages Webull Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - BULL
BULL UPCOMING DEADLINE: Levi & Korsinsky Alerts Webull Corporation Stockholders of Securities Class Action - Contact the Firm
Rumor Mill · BULL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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