BULL · Webull Corp · Financials
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| $571M | $390.23M | $389.6M | $388.33M | |
| $1.13M | $1.14M | $1.1M | $127.77K | |
| $35.52M | $32.7M | $31.96M | — | |
| $168.64M | $122.71M | $95.79M | $72.96M | |
| $630.06K | $496.1K | $102.85K | — | |
| $3.2M | $3.51M | $2.78M | $1.42M | |
| $512.52M | $404.58M | $366.62M | $319.78M | |
| $5.46M | $122.78K | — | — | |
| -$13.28M | $2.3M | -$2.8M | -$2.87M | |
| $45.2M | -$12.05M | $20.18M | $65.69M | |
| $20.83M | $13.82M | $16.14M | $32.21M | |
| $24.77M | -$22.69M | $6.07M | $50.08M | |
| 4.34% | -5.82% | 1.56% | 12.9% | |
| -$404.68K | -$488.5K | -$247.3K | — | |
| -$487.52M | -$517.78M | -$334.01M | -$1.33M | |
| -$470.8M | -$526.12M | -$332.35M | -$4.88M | |
| USD/shares | -$1.23 | -$3.73 | -$2.42 | -$0.01 |
| USD/shares | -$1.23 | -$3.73 | -$2.42 | -$0.01 |
| shares | 397M | 138.83M | 137.97M | 134.49M |
| shares | 397M | 138.83M | 137.97M | 134.49M |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Operating lease liabilities | 2026-06-30 | USD 11,121,928 | 6-K filed 2026-09-11 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 90 similar-size Software - Application companies (of 232 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Chief Operating Decision Maker (CODM) | $570,996,806 | $390,229,672 | $389,602,570 | $388,332,920 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| United States | $516,465,261 | $355,022,439 | $363,746,474 | $375,653,156 |
| Singapore | $13,155,299 | $10,923,140 | $5,590,646 | $1,626,800 |
| Other | $11,338,078 | $3,063,044 | $365,688 | $299,384 |
| Canada | $8,304,728 | $1,605,292 | — | — |
| Hong Kong SAR China | $6,770,376 | $6,692,262 | $5,066,724 | $6,427,891 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Equity and Option Order Flow Income | $304,126,641 | $197,069,562 | $192,232,715 | $278,981,134 |
| Equity and Option Order Flow Rebates | $304,126,641 | $197,069,562 | $192,232,715 | $278,981,134 |
| Option Order Flow Rebates | $209,963,744 | $135,634,071 | $141,010,186 | $191,783,801 |
| Interest and Other Related Income | $154,256,508 | $130,451,877 | $155,792,329 | $91,882,243 |
| Interest Related Income | $154,256,508 | $130,451,877 | $155,792,329 | $91,882,243 |
| Equity Order Flow Rebates | $94,162,897 | $61,435,491 | $51,222,529 | $87,197,333 |
| Handling Charge Income | $87,293,753 | $49,044,700 | $30,677,177 | $8,500,321 |
| Customer Bank Deposits | $71,559,040 | $61,476,142 | $61,679,840 | $19,082,384 |
| Platform and Trading Fees | $59,715,551 | $20,662,070 | $2,446,427 | $652,583 |
| Margin Financing | $39,203,496 | $29,962,306 | $23,226,972 | $22,162,271 |
| Stock Lending | $28,530,908 | $26,089,934 | $56,052,479 | $46,311,899 |
| Options | $27,578,202 | $28,382,630 | $28,230,750 | $7,847,738 |
| Other Revenue | $25,319,904 | $13,663,533 | $10,900,349 | — |
| Other Revenues | $25,319,904 | $13,663,533 | $10,900,349 | $8,969,222 |
| Corporate Bank Deposits | $14,963,064 | $12,923,495 | $14,833,038 | $4,325,689 |
| Data Subscription Income | $8,035,979 | $7,236,303 | $6,756,403 | $6,015,237 |
| Nontrading Rebates | $5,555,133 | — | — | — |
| Foreign Exchange Fee | $3,816,583 | $1,275,033 | $21,793 | — |
| Proxy Income | $3,422,686 | $2,622,785 | $681,311 | — |
| Syndicate Fees | $2,106,382 | $968,397 | $954,798 | $1,051,444 |
| Lease Income | $1,202,715 | $1,135,608 | $1,102,459 | $127,768 |
| Other | $1,180,426 | $200,359 | $896,579 | $403,575 |
| Comarketing Income | — | $225,048 | $487,006 | $1,371,198 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Chief Operating Decision Maker (CODM) | $58,473,619 | -$14,353,268 | $22,979,379 | $68,554,893 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Chief Operating Decision Maker (CODM) | 10.2% | -3.7% | 5.9% | 17.7% |