Webull (NASDAQ:BULL) Issues Quarterly Earnings Results

Webull (NASDAQ:BULL) released its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Briefing.com reports. The company’s revenue was up 49.8% compared to the same quarter last year.

Here are the key takeaways from Webull’s conference call:

• Webull reported record 2025 results with $571 million in revenue (up 46% YoY), an improved adjusted operating profit margin of 19.3%, five consecutive profitable quarters, and $84 million in adjusted net income for the year.
• Customer metrics accelerated: $24.6 billion in customer assets (up 81% YoY), 5.03 million funded accounts, ~1 million registered users added in Q4, and $3.9 billion of net deposits in the quarter.
• Product and AI momentum — the Vega AI assistant now aids ~1.2 million users weekly, crypto was reintroduced via the Webull Pay acquisition, prediction markets traded 152 million contracts in Q4, and new product offerings (BlackRock model portfolios) and international licenses expanded the TAM.
• Adjusted operating expenses rose significantly (Q4 adjusted opex $143.6M, up 62% YoY) driven by intentional, performance-based marketing and branding spend that could pressure near‑term margins if customer growth slows.
• Management is prioritizing B2B and international expansion (early‑inning Meritz partnership and a growing pipeline) as a long‑term growth channel, but B2B revenue is nascent and timing remains uncertain.

Webull Price Performance

Shares of BULL traded up $0.11 during mid-day trading on Wednesday, reaching $6.07. The company had a trading volume of 28,651,708 shares, compared to its average volume of 10,634,732. Webull has a twelve month low of $5.47 and a twelve month high of $79.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50-day moving average is $7.16 and its 200-day moving average is $9.98. The company has a market capitalization of $3.05 billion, a P/E ratio of -5.42 and a beta of -0.04.

Hedge Funds Weigh In On Webull

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in Webull during the 2nd quarter valued at $3,810,000. Quantbot Technologies LP acquired a new stake in shares of Webull in the second quarter valued at $71,000. Sandia Investment Management LP acquired a new stake in shares of Webull in the second quarter valued at $771,000. Cable Car Capital LP bought a new position in shares of Webull in the second quarter valued at about $1,046,000. Finally, AQR Arbitrage LLC acquired a new position in Webull during the 2nd quarter worth about $1,747,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BULL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research report on Monday, December 29th. Wall Street Zen raised Webull from a “strong sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Webull in a research note on Friday, January 23rd. Finally, Zacks Research downgraded Webull from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Trending Headlines about Webull

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record revenue and deposits: Webull reported record 2025 revenue of $571M and record net deposits of $8.6B (year-over-year growth of 46% and 91% respectively), reinforcing its growth narrative and product expansion plans. Webull Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Technical bounce potential: Chart analysts note a wedge pattern that could point to a rebound after the Q4 print, which may attract momentum and short-term traders. Webull stock wedge pattern points to a rebound after Q4 earnings
• Neutral Sentiment: Discussion of strategic potential: Coverage weighing whether recent trading-platform expansion and product moves justify the stock’s current pricing — useful for investors assessing longer-term upside vs near-term risk. Is Webull (BULL) Pricing Reflect Its Potential After Recent Trading Platform Expansion News
• Neutral Sentiment: Corporate filing correction: A PR Newswire correction was issued (administrative/correction context); no new financials introduced but investors should note updated disclosure. /C O R R E C T I O N — Webull Corporation/
• Negative Sentiment: EPS miss and mixed Q4: Webull missed consensus EPS (reported between $0.01–$0.03 vs. ~$0.05 consensus across reports), which triggered downward pressure despite strong revenue growth. Webull Corporation (BULL) Q4 Earnings Miss Estimates
• Negative Sentiment: Market reaction and near-term weakness: Coverage notes shares slipped in extended trading after the mixed report and that the stock had recently plunged toward its 52-week low — elevating short-term downside risk. Webull Stock Slips On Mixed Q4 Report: What To Know
• Negative Sentiment: Ongoing valuation concerns: Analysts and headlines point to the stock trading near multi‑month lows, prompting an earnings test — the EPS miss reinforces valuation scrutiny until sustained margin improvement or clearer guidance appears. Webull faces earnings test after stock plunges near 52-week low

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.