NASDAQ$BULL
WeBull Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Webull reported strong Q4 2025 results with significant revenue growth driven by higher trading activity, though net income declined due to increased marketing and expansion investments.
Webull generated $165198822 in Q4 2025 revenue, a 50% year-over-year increase driven by strong growth in equities and options trading. Net income totaled $3041326, declining from the prior year as marketing and product expansion spending increased while the platform continued to scale globally.
- Total Q4 revenue grew 50% year-over-year to $165198822 driven by higher trading activity.
- Net income attributable to the company totaled $3041326 compared with $10761985 in the prior year quarter.
- Customer assets reached $24600000000 reflecting 81% year-over-year growth.
- Options trading volume rose to 154000000 contracts with equity notional volume reaching $239000000000.
Headline financials
Revenue & EPS history
Webull Corporation · Revenue · Quarterly
$165M
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 indicated continued expansion through new products, markets, and AI-driven tools while focusing on growing its global user base and trading activity.
Tailwinds
- Expansion into additional asset classes including bonds and cryptocurrencies.
- Launch of Vega AI tool designed to enhance investor decision-making.
- Partnership with Meritz Financial Group to expand access for South Korean investors.
- Continued global expansion including the European Union launch.
- Growing customer assets and trading activity supporting long-term revenue growth.
Headwinds
- Higher marketing and branding costs pressured profitability.
- Revenue remains highly dependent on trading volumes.
- Exposure to regulatory changes around payment for order flow.
- Volatility in markets and digital assets could impact engagement.
- Competition from other digital brokerage platforms.
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 Q4 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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