The stock jumped 11.6% as Webull delivered a clear beat driven by record revenue growth fueled by a surge in trading volumes following the SEC’s removal of the Pattern Day Trader rule and strong margin expansion.
- Revenue reached a record $198.8 million, increasing 51% year-over-year, driven by asset growth and heightened trading activity, especially in options and equities.
- Customer assets grew 79% year-over-year to $28.5 billion, reflecting strong platform engagement and organic growth initiatives.
- Adjusted operating profit soared 169% to $62.6 million, with margins expanding to 31.5%, highlighting significant operating leverage.
- Active Vega users increased to 480,000, up 12% quarter-over-quarter, with engagement rising 23%, showcasing traction in AI-powered trading tools.
- International expansion continued with 810,000 funded accounts across 35 markets and new launches in Spain, Argentina, and Colombia; acquisition of Pi Securities in Thailand to further boost regional assets under management.
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