Webull Corporation Class A Ordinary Shares

Webull Corporation Class A Ordinary Shares Earnings Recaps

BULL 1 recap
Q3 2025 Nov 21, 2025

Webull Corporation achieved strong financial results in Q3 2025, with a 55% year-over-year revenue growth driven by increased trading volume and strategic product expansions.

Key takeaways
  • Revenue reached $156.9 million, attributed to record customer assets of $21.2 billion, aided by the Webull Pay acquisition.
  • Equity trading volume surged by 71% year over year, contributing to the firm’s growth momentum.
  • Adjusted operating profit was $36.7 million, reflecting a 28.7% increase in adjusted operating margin to 23.4%.
  • Successful reintroduction of crypto trading and launch of AI-driven product enhancements are driving user engagement and account growth.
  • Significant market liquidity improvement following the expiration of shareholder lockup restrictions in early October.
Full recap