Webull Corporation Reports Increased Losses in Q2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Should l Buy BULL?
Source: NASDAQ.COM
Company Performance: Webull Corporation reported a significant loss of -$518.9 million for the second quarter, translating to -$1.20 per share.
Year-over-Year Comparison: This loss is a stark increase from last year's loss of -$22.7 million, or -$0.16 per share.
Revenue Growth: Despite the losses, Webull's revenue increased by 46.3%, reaching $131.5 million compared to $89.9 million in the previous year.
Earnings Summary: Key earnings figures include -$518.9 million in earnings, -$1.20 EPS, and $131.5 million in revenue for the current period.
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Analyst Views on BULL
Wall Street analysts forecast BULL stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.960
Low
15.00
Averages
16.50
High
18.00
Current: 5.960
Low
15.00
Averages
16.50
High
18.00
About BULL
Webull Corporation is a digital investment platform built upon a next-generation global infrastructure. The Company’s platform allows its customers to invest in United States (U.S.) listed stocks, exchange-traded funds (ETFs), as well as American Depository Receipts. It offers fractional share trading for U.S.-listed stocks and ETFs on its Webull App, which allows its customers to invest in fractions of a share of a stock or ETF instead of buying or selling whole shares. It also offers trading in multiple-listed stock options, ETFs, and index options. It offers cash sweep products to its customers, allowing them to earn interest on uninvested brokerage cash that the Company sweeps to its partner banks. It provides robo-advisor services through Webull Advisors LLC. It also provides retirement investment accounts and portfolio management tools for long-term investors. It offers seamless interoperability for clients investing through mobile, tablet, Web-based, and desktop devices.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Highlights: Webull reported a quarterly earnings of one cent per share, missing the Street estimate of four cents, indicating pressure on profitability, while quarterly revenue reached $165.2 million, surpassing the consensus estimate of $160.81 million, reflecting resilience in revenue growth.
- Market Reaction: Following the earnings release, Webull's stock price fell by 2.97% to $5.89 in extended trading on Wednesday, suggesting a cautious investor reaction to the mixed results, which could impact future market confidence in the company.
- CEO Statement: Anthony Denier, U.S. CEO of Webull, expressed pride in reporting the company's first full-year results as a public entity, achieving record revenues, assets under management, customer accounts, and markets served, indicating positive progress in business expansion.
- Future Outlook: Despite missing earnings expectations, Webull continues to expand its market share and may improve profitability through operational optimization and enhanced customer experience, thereby boosting investor confidence.
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- Significant Revenue Growth: Webull's Q4 revenue reached $165.19 million, reflecting a 49.8% year-over-year increase and surpassing market expectations by $3.84 million, indicating strong performance amid market recovery.
- Record Customer Assets: Customer assets hit an all-time high of $24.6 billion, representing an 81% year-over-year growth, primarily driven by market recovery and robust net deposits, which surged 225% year-over-year, laying a solid foundation for future growth.
- Sustained User Growth: The number of registered users increased by 15% year-over-year to 26.8 million, while funded accounts rose to 5.0 million, an 8% annual growth, showcasing Webull's success in attracting new users.
- Increased Trading Volume: Options contract volume reached 154 million, a 38% year-over-year increase, while equity notional volume grew to $239 billion, representing an 87% year-over-year rise, reflecting heightened investor activity.
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- Significant Revenue Growth: Webull achieved a record revenue of $571 million in 2025, representing a 46% increase year-over-year, demonstrating strong market performance and heightened customer demand, thereby solidifying its position as the platform of choice for self-directed investors.
- Record Net Deposits: The company reported net deposits of $8.6 billion, a remarkable 91% increase, reflecting enhanced customer trust and providing a solid financial foundation for future business expansion, helping Webull stand out in a competitive market.
- Market Expansion Strategy: Webull plans to continue expanding its product offerings globally, focusing on meeting the needs of active self-directed investors, which is expected to enhance user experience and market share through the introduction of new asset classes and markets.
- Technology Innovation Drive: The launch of the AI tool Vega will enhance investors' access to market information, marking Webull's ongoing commitment to technological innovation, which is anticipated to provide users with more competitive investment tools and drive long-term growth.
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- Market Rally: Wall Street experienced a relief rally on Wednesday, driven by optimism surrounding potential US-Iran diplomatic talks, with the Nasdaq 100 gaining 1.5% to 25,100, indicating investor confidence in future economic stability.
- Oil Price Decline: Following two consecutive days of gains, Brent crude fell 0.5% to $81.00 per barrel and WTI crude slipped 0.8% to $74.07, reflecting the impact of diplomatic optimism on the energy market.
- Volatility Index Drop: The CBOE Volatility Index plunged 11.6% to 20.84, indicating a rise in market risk appetite and a decrease in demand for safe-haven assets, further fueling the stock market's upward momentum.
- Stable Treasury Yields: The 10-year U.S. Treasury yield held steady at 4.07%, suggesting that as risk appetite increases, demand for safe assets is capped, reflecting a positive outlook on economic prospects.
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- Earnings Expectations: Webull is expected to report earnings per share of 4 cents and revenue of $160.81 million, indicating stable growth potential in the market, particularly in trading volumes and user engagement.
- Last Quarter Performance: In the previous quarter, Webull reported earnings per share of 7 cents, surpassing the market estimate of 2 cents, with revenue of $156.94 million exceeding the expected $135.58 million, showcasing strong performance in profitability and market demand.
- User Growth Trends: Investors should monitor trends in customer assets, funded accounts, and registered users, as these factors will directly impact the company's future revenue growth and market competitiveness.
- Product Innovation and Expansion: Webull's recent relaunch of cryptocurrency trading, rollout of corporate bond trading, and introduction of the Vega AI tool demonstrate the company's commitment to investing in high-growth areas, aiming to enhance user experience and market share.
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- Stock Market Movement: Stock futures were showing slight increases on Wednesday.
- Investor Sentiment: Investors are assessing the potential for the U.S.-Iran conflict to escalate into a prolonged war.
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