Webull Corp (BULL)
Webull Corp reported revenue of $571M in fiscal 2025, up 46.3% from a year earlier. Net income was $24.8M, a net margin of 4.3%. Operating cash flow minus capital spending left $561.5M of free cash flow in fiscal 2025. At December 31, 2025 it held $653.2M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 9, 2026.
Key facts about Webull Corp
- Net worth
- Webull Corp has a market value (market cap) of $2.6B at the latest share price, and shareholders' equity of $1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $571M (+46.3% year on year), with net income of $24.8M.
- Cash flow
- In fiscal 2025 operations brought in $566.4M of cash; after $4.9M of capital spending, free cash flow was $561.5M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 9, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Webull Corp does
Webull Corp is registered with the SEC under industry code SIC 6211 (Security Brokers, Dealers & Flotation Companies). Its shares trade on NASDAQ under the ticker BULL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $571M | $24.8M | -$1.23 | $561.5M |
| 2024 | $390.2M | -$22.7M | -$3.73 | $182.8M |
| 2024 | $389.6M | $6.1M | -$2.42 | $466.1M |
| 2022 | $388.3M | $50.1M | -$0.01 | -$62.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BULL ranks in Finance
Latest SEC filings
What Webull Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 16, 2026Form F-3/A filing F-3/A
- October 9, 2026
- October 2, 2026Passive stake changed SCHEDULE 13G/A
- October 1, 2026
- September 11, 2026
- September 1, 2026Form F-3 filing F-3
- August 19, 2026
- May 21, 2026
- April 28, 2026Passive stake changed SCHEDULE 13G/A
- April 21, 2026
Insider trades
What the people running Webull Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.4M worth of shares in the last 90 days and bought none on the open market. Most of the selling (72%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,846 | $290.2K |
| October 21, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,846 | $328K |
| October 5, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,846 | $394.9K |
| September 30, 2026 | Wang AnquanChief Executive Officer, Director, 10% owner | Exercised optionsindirect | 25,000,000 | - |
| September 21, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,846 | $447.7K |
| September 14, 2026 | Wang HaichenChief Financial Officer, Director | Soldindirect | 55,000 | $493.7K |
| September 8, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,846 | $515.7K |
| August 25, 2026 | Denier Anthony MichaelPresident, Director | Soldpre-planned (10b5-1) | 53,848 | $475.6K |
Who owns BULL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wang Anquan13G, passive | 18.2% | April 28, 2026 |
| Tianjin Nuofeng Enterprise Management Consulting Partnership (Limited Partnership)13G, passive with 3 related filers | 9.4% | August 12, 2025 |
| Jun Yuan13G, passive | 7.4% | August 18, 2025 |
| Matthew Hulsizer13G, passive with 6 related filers | 6.7% | February 11, 2026 |
| SIG Global China Fund I, LLLP13G, passive with 2 related filers | 6.4% | August 14, 2025 |
| Shanghai Bojiang Investment Management Co., Ltd.13G, passive with 5 related filers | 5.2% | February 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 206 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| PEAK6 LLC | 29,645,168 | -466,767 |
| Susquehanna International Group, Llp | 27,295,897 | -43,257 |
| BlackRock, Inc. | 22,606,776 | +6,776,275 |
| HS Investments IV Ltd | 14,126,289 | 0 |
| Tiger Global Management LLC | 6,724,137 | 0 |
| Azora Capital LP | 6,516,371 | new |
| Citadel Advisors LLC | 6,128,812 | -368,098 |
| Aqr Capital Management LLC | 5,411,714 | +2,078,792 |
| State Street Corp | 5,333,283 | +524,120 |
| Geode Capital Management, LLC | 4,765,043 | +1,004,742 |
| Divisadero Street Capital Management, LP | 4,414,549 | -5,133,670 |
| Goldman Sachs Group Inc | 4,368,522 | -522,869 |
| UBS Group AG | 4,173,572 | +947,527 |
| Nuveen, LLC | 3,313,079 | +1,535,706 |
| Citigroup Inc | 3,283,440 | +3,269,259 |
| Tidal Investments LLC | 2,741,993 | +1,640,067 |
| Millennium Management LLC | 2,656,653 | -3,262,098 |
| Vanguard Portfolio Management LLC | 2,318,047 | +714,095 |
| Healthcare of Ontario Pension Plan Trust Fund | 2,158,400 | +1,419,800 |
| Renaissance Technologies LLC | 2,135,600 | +600,401 |
Insiders
6 insiders reported holding 29,215,821 shares in total, about $140.4M at the last price.
| Holder | Shares |
|---|---|
| Wang AnquanChief Executive Officer, Director, 10% owner | 25,200,00025,200,000 held indirectly |
| Denier Anthony MichaelPresident, Director | 2,063,065 |
| James Benjamin WorthyGeneral Counsel, Director | 1,150,991 |
| Wang HaichenChief Financial Officer, Director | 772,046772,046 held indirectly |
| Houlihan William ADirector | 17,219 |
| Bishop Walter A.Director | 12,500 |
Questions about BULL
What does Webull Corp do?
Webull Corp is a company in the Finance sector, listed on NASDAQ as BULL. Its shares trade on NASDAQ under the ticker BULL.
What is Webull Corp's net worth?
Webull Corp has a market value (market cap) of $2.6B at the latest share price, and shareholders' equity of $1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Webull Corp profitable?
Yes. In fiscal 2025 it reported net income of $24.8M on revenue of $571M, a net margin of 4.3%.
How much revenue does Webull Corp make?
In fiscal 2025 Webull Corp reported revenue of $571M. That is 46.3% more than a year earlier.
When did Webull Corp last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 9, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 5, 2026.
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Where the numbers come from
Financial figures are the values Webull Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.