Financials in USD. Standardized financial statements.
A compact view of how Webull Corporation Class A Ordinary Shares turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue? | $571.00M | $390.23M | $389.60M | $388.33M | $0 |
| Revenue Growth? | +46.3% | +0.2% | +0.3% | 0.0% | 0.0% |
| Cost of Revenue? | $128.75M | $79.31M | $66.42M | $59.76M | $0 |
| Gross Profit? | $442.25M | $310.92M | $323.18M | $328.57M | $0 |
| Gross Margin? | +77.5% | +79.7% | +83.0% | +84.6% | 0.0% |
| Operating Expenses? | $383.77M | $325.28M | $300.20M | $260.01M | $33,831 |
| Operating Income? | $58.47M | -$14.35M | $22.98M | $68.55M | -$33,831 |
| EBITDA? | $53.89M | -$5.26M | $27.66M | $72.06M | -$33,831 |
| Income Before Tax | $45.20M | -$12.05M | $20.18M | $65.69M | -$33,831 |
| Income Tax Expense | $20.83M | $13.82M | $16.14M | $32.21M | $0 |
| Net Income? | $24.77M | -$22.69M | $6.07M | $50.08M | -$33,831 |
| EPS? | $-1.23 | $-1.13 | $-0.73 | $-0.00 | $-0.00 |
| Diluted EPS? | $-1.23 | $-1.13 | $-0.73 | $-0.00 | $-0.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality