NASDAQ$BULL
WeBull Corp · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Webull reported strong revenue and profitability growth in Q3 2025, driven by higher trading activity and continued product and geographic expansion.
Webull delivered a strong Q3 2025 with total revenue of $156.9 million, positive net income, and solid adjusted earnings. Growth was supported by increased trading volume, new product rollouts including Vega AI, and expansion into international markets.
- Total revenue grew to $156.9 million, up 55% year-over-year.
- Net income reached $21.7 million, reversing a $33.5 million loss from the previous year.
- Adjusted EPS turned positive at $0.08 from a $0.04 loss a year ago.
- Customer assets reached a record $21.2 billion, up 84% year-over-year.
Headline financials
Revenue & EPS history
Webull Corporation · Revenue · Quarterly
$157M
Revenue by segment
Webull Corporation · $125M total across 3 segments · Q2 2025
- Equity and option order flow rebates$68.7M—54.9%
- Interest related income$36.3M—29.0%
- Handling charge income$20.1M—16.1%
Forward guidance
Webull expects continued momentum as it invests in global expansion, product innovation, and AI-driven tools.
Tailwinds
- Expansion into EU and Australia markets.
- Launch of Vega AI for personalized investment insights.
- Introduction of crypto trading in the U.S. and Australia.
- Addition of corporate bond trading to diversify portfolios.
- Strong growth in trading volumes and customer assets.
Headwinds
- Rising operating expenses due to headcount and compensation.
- Continued exposure to regulatory risks, especially around PFOF.
- Volatility in crypto markets may impact user engagement.
- Currency fluctuations pose risk to international expansion.
- No specific forward financial guidance was provided.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q3 2025
-2.7%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+13.3%
Avg return
30 days after
25%
1 / 4 earnings
Positive
+5.0%
Q3 2025
Best reaction
-7.4%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.5% | -6.1% | +7.4% | |
| Q4 2025 | -2.0% | +14.6% | +38.4% | |
| Q3 2025 | +5.0% | +12.2% | +3.9% | |
| Q2 2025 | -7.4% | -11.3% | +3.3% |
Discussion
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